Myth 1: Life Insurance After 40 Is Too Expensive While premiums do rise with age, many people are surprised at how affordable term life policies remain in your 40s. Choosing the right coverage amount and term length keeps costs manageable.
👉 See also: 5 Reasons Term Life Insurance Is More Affordable Than You Think.
Myth 2: It’s Too Late to Get Coverage It’s never too late to protect your family. Many providers offer 10, 15, and 20-year policies designed for people in their 40s and 50s. These can cover your mortgage, children’s education, or other financial obligations.
Reality: You May Need Less Coverage Than You Think By your 40s, you may already have savings, retirement accounts, or partial mortgage payoff. That means you might not need as large a policy as you would have in your 20s or 30s — which helps keep premiums affordable.
👉 Related: How Term Life Insurance Fits Into Your Retirement Planning.
Health Still Matters — But Don’t Delay Insurers look at age and health. If you’re in good health, you can still qualify for excellent rates. If you wait, not only will you be older, but there’s more time for medical conditions to appear, which can increase premiums.
How to Get the Best Rates After 40 • Shop around with multiple insurers for quotes. • Lock in your term now (10, 15, or 20 years). • Maintain a healthy lifestyle to qualify for preferred rates. • Right-size your coverage — focus on the essentials (mortgage, income replacement, kids’ education).
👉 Learn more: How to Get the Best Rates on Term Life Insurance in 2025.
Final Thoughts Buying life insurance in your 40s may cost more than in your 20s — but it’s far from “too late.” With the right plan, you can still secure affordable, meaningful coverage that protects your family’s financial future. Don’t let age stop you from getting the peace of mind you deserve.
👉 Explore More: • How Much Term Life Insurance Do You Really Need? • Why Young Families Shouldn’t Wait to Buy Term Life Insurance • The Pros and Cons of Term Life Insurance Compared to Other Policies