Sample Quotes by Age


Sample quotes for 40-year old below. If you’re looking for an instant quote based on your EXACT birthday, please complete the form on the right.  Rates from the nation’s top rated companies will be displayed on the next screen.

sample rates

Buying life insurance is different at every stage in your life. We always say that if someone you care about is financially dependent on you, then life insurance makes sense.


However, those financial dependencies can be different at you age. Also, the older you get, the more expensive life insurance becomes.


Below are a few agent insider tips to keep in mind when purchasing life insurance that has to do with your age and also some general advice based on your age.

Tip #1: Age Nearest vs Current Age

Most life insurance companies use “age nearest” to determine your age. This means that when you place your life insurance policy in force and you’re within 6 months of your next birthday, they’ll actually determine your rates as if you are 1 year older. Which effectively means your rates will be more expensive.

Keep in mind that the underwriting process can take 4-8 weeks. So even if you’re 8 months to your next birthday, there could be a surprise increase in rates when your application finally gets approved – solely based on you being nearest to your next age.

However, some life insurance insurance companies use your current age to determine your age. Which means that as long as you place your life insurance in force before your next birthday, your rates will remain the same.

The instant quotes you see on our website are all based on today’s date – so please keep that in mind.

If this is confusing or if you have any questions, please don’t hesitate to call. I wouldn’t concern yourself with this until you’re ready to apply for coverage. Make sure when you apply that you ask your agent if your birthday will effect your rates when your policy is approved. I hate to say it, but many life insurance agents overlook this (we don’t, it’s part of our quoting process).

Tip #2: Backdating to Save Age

Let me preface this tip by saying that age is an obvious factor in pricing your life insurance – so it’s important to keep your age as low as possible when your policy is issued.

If you just had a birthday or your “age nearest” just passed (as described above), we can backdate your life insurance policy to give you rates at your previous age.

BY LAW, you can backdate any life insurance up to 6 months in order to get a lower rate.

Backdating simply means choosing a date that has passed in order to secure a lower rate. In order to do this, you’ll have to pay for premiums between that date you choose (usually 3 days before your age change) and the current date.

So when backdating you have to weigh whether it’s worth it or not. Are the savings significant enough over the span of the policy to essentially “buy up” your previous age? We’ll do these calculations for you and help you make a decision.

Depending on your unique situation, it may not always be best to backdate a policy. You really don’t even need to consider backdating to save age unless you’re in your 40’s, 50’s, 60’s or 70’s. The premium savings in your 20’s and 30’s will be miniscule.

Again, if this is confusing or you have any questions, please don’t hesitate to contact us.