Best Car Insurance Company That Offers 30-Year Terms (2024)

Are you looking for the best 30-year term life insurance companies? Securing term life insurance quotes may sound complicated, but it can be simple if you have a game plan. 

So how can you secure the best term life insurance policy with a 30-year term? Don’t worry – we’re to help.

Read our guide to learn more about the best life insurance companies that carry 30-year term life insurance. Also, we’ll show you average 30-year term life insurance quotes. 

After you learn everything about life insurance companies that offer 30-year terms, enter your ZIP code in the free online quote tool to compare multiple companies near you. 

What are the best life insurance companies that offer 30-year terms?

Before you buy a 30-term life insurance policy, you’ll need to get a quotes from life insurance companies. 

If you’re not sure where to look for 30-year term life insurance policies, try starting with some of the best companies. Here’s a list of a few of them. 

• State Farm
• Guardian Life
• Ethos
• Haven Life
• Nationwide
• Prudential
• MetLife
• Transamerica
• AIG
• MassMutual

Read more:

• Guardian Life Insurance Review & Complaints: Life, Disability & Dental Insurance
• Best Term Life Insurance Companies

MetLife, AIG, Prudential, and MassMutual are the best contenders in the life insurance industry. But don’t rule out companies like Ethos, State Farm, and Nationwide. 

It’s essential to compare the best insurance companies to get a reliable policy at an affordable rate. 

You should also check for financial strength ratings. Ratings from agencies like A.M. Best can show you which companies are best for paying out life insurance claims.

Why won’t some life insurance companies offer 30-year term life insurance policies?

Life insurance companies that don’t offer 30-year terms may want to focus on shorter terms or other insurance products. 

Life insurance companies decide what to sell based on how it affects the bottom line. That means some life insurance companies may have decided longer terms aren’t a good choice for the company from a financial standpoint.

How much are 30-year term life insurance rates? 

Term life insurance starts as low as $8 a month, while 30-year term life insurance is around $11 per month. However, these rates are for $100,000 death benefits. 

Term life insurance rates with longer lengths and higher policy limits (death benefits) will have higher rates. 

Let’s look at some sample rates for 30-year term life insurance policies. 

30-Year Term Life Insurance Rates by Age

Females usually pay less for life insurance than males. Also, life insurance policies are cheaper for younger policyholders. 

According to the Centers for Disease Control (CDC), women have higher life expectancies than men. 

The policy limits are in the millions, but you can save money on monthly 30-year life insurance rates if you lower your policy limits to $250,000 or $500,000. (For more information, read our “How much does a $500000 life insurance policy cost?“).

Read more: Best Car Insurance for Women

How much are other term life insurance policies?

You can lower your life insurance rates even further if you buy a 10-year term life insurance policy or 20-year term life insurance policy. (For more information, read our “How to Buy Term Life Insurance“).

Here’s an example of how much both term life insurance plans cost. 

Average Monthly Term Life Insurance Rates by Age, Policy Length, and Policy Amount

Both term life periods are under $20 a month for 25 and 30-year-old policyholders. Meanwhile, seniors pay the most for life insurance.

Most 25-year term life insurance policies are about a dollar or two more than 20-year terms. However, your rates may vary. 

Why should you buy a 30-year term life insurance policy?

A 30-year term life insurance policy is a good option if you need the coverage for a longer time period, such as the length of a mortgage. 

Shorter life insurance policy terms expire faster, but 30-year terms give you locked in rates for a much longer time. If your health deteriorates, a shorter term could expire and leave you without coverage.

The return-of-premium rider is an excellent add-on for people who have a 30-year policy. And some riders allow you to add spouses and children. 

Read more: Average Cost of Life Insurance

When should I buy a 30-year term life insurance policy?

We recommend that you buy any life insurance policy while you’re under 40. Life insurance is the most affordable for younger people. 

Take advantage of life insurance companies that offer 30-year term life insurance at a cheaper rate, and set up a life insurance quote today.

Which factors determine the cost of 30-year term life insurance policies?

Several factors determine whether affordable 30-year term life insurance is available to you.  

The 30-year term life insurance policy is usually the longest term length available.

Here are other factors that affect your policy. 

• Age
• Company
• Gender
• Health (smoker or nonsmoker)
• Policy type
• Policy limits (death benefits)
• Policy length

You’ve seen how age, gender, policy limits, and policy lengths impact life insurance. 

Health is also a factor. Smokers and people who have chronic illnesses usually pay more for life insurance.

How does health affect life insurance rates?

The average life insurance rate by health is $16 a month for a 30-year-old female and $19 a month for a 30-year-old male. 

Life insurance companies categorize people into classes called super preferred, preferred plus, preferred, standard, and substandard. These are based on health as well as other risk factors.

The super preferred rating is the highest health rating, but the substandard is the lowest rating. 

Do hobbies affect 30-year term life insurance quotes?

Yes, your hobbies do matter. Racing, scuba diving, skydiving, bungee jumping, and other extreme sports can raise your life insurance rates. Life insurance companies consider extreme hobbies high-risk. 

Which factors don’t affect life insurance policies?

Your sexual preference and income aren’t factors that determine life insurance rates. 

Where you live is also not a factor in life insurance rates.

Life Insurance Companies That Offer 30-Year Terms: The Bottom Line

30-year term life insurance is a great choice for people who need coverage for a longer time period. It provides the longest term life coverage and can be converted to whole life.

Choose your policy limit carefully. Life insurance rates increase when you have higher death benefits.

Now that you know more about life insurance companies that offer 30-year terms, you’re ready to use our free online quote tool to compare multiple companies near you. 

Case Studies: Exploring 30-Year Term Life Insurance

Case Study 1: Affordable Coverage for the Future

Emily, a 35-year-old woman, needed long-term coverage to ensure her children’s financial security. She found an affordable 30-year term life insurance policy that would provide protection until her children were financially independent.

Case Study 2: Tailored Coverage for Mortgage Protection

John, a 40-year-old man, wanted to safeguard his mortgage in case of his untimely death. He chose a 30-year term life insurance policy with a return-of-premium rider, which would refund his premiums if he outlived the policy term.

Case Study 3: Overcoming Health Challenges With Long-Term Security

Sarah, a 50-year-old woman with pre-existing health conditions, was determined to find life insurance coverage despite her health situation. She discovered that some life insurance companies offered favorable rates for 30-year term policies, providing her with the long-term security she needed.