35-Year Term Life Insurance

35-year term life insurance is a form of life insurance coverage that will pay out death benefits if the insured dies within the 35-year term length. Term life insurance for 35 years is one of the longest term life insurance policies on the market today. 35-year term life insurance usually has a guaranteed rate for the entire policy duration.

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Tim is a licensed life insurance agent with 23 years of experience helping people protect their families and businesses with term life insurance. He writes and creates stuff for QuickQuote and other insurance and financial websites.

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Jul 19, 2021

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35-year term life insurance is one of the longest types of term life insurance policies available to date. You can feel safe knowing that you and your loved ones are covered with term life insurance for 35 years.

This article will focus on how to get term life insurance for 35 years, where you can get 35-year term life insurance, and sample term life insurance rates. 

Interested in seeing 35-year term life insurance rates in your area? Use your ZIP code and our quote box above to find affordable 35-year term life insurance quotes.

How long should my life insurance policy term be?

Life insurance terms should be selected based on your age and health status. If you are young and in excellent health, you should likely choose the longest policy available if you’re not interested in a permanent policy. This typically helps get you the lowest rate. Of course, many affordable term life options allow you to covert to a permanent policy later on, which is a great option for you to have a set life insurance rate for now and expand your coverage later on.

Several-Term Policy Rates for Allstate
Age $250,000: 10-Year Term$250,000: 20-Year Term$500,000: 10-Year Term$500,000: 20-Year Term
30$17.00$20.00$25.00$33.00
40$22.00$30.00$35.00$51.00
50$39.00$53.00$65.00$97.00
60$78.00$130.00$140.00$240.00
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In the example above, you might notice that life insurance rates increase with age. This is true. However, life insurance rates remain the same for the duration of a term, which is known as a level premium. So although you might pay more initially, you’ll pay less for your monthly premiums over your lifetime.

How much is term life insurance for a 35-year-old? We know that it would be cheaper than a 50-year-old with the same health status. This is a big reason for wanting longer life insurance terms. It helps to know the types of term life insurance.

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What is the longest life insurance policy? Is there 40-year term life insurance? Until recently, the longest term period available was 30 years. But with new term lengths, customers can lock in a low rate up to 40 years.

40-year term life insurance is an even harder to come by type of policy than 35. Because of this, you might need to contact Banner Life Insurance directly to get 40-year term life policy rates. Banner’s 40-year term life policy is one-of-a-kind.

So, can you get a 30-year term life insurance policy? Sure. But that doesn’t mean you should, either. For example, if you have health issues and are already 55 years old, you might be paying for more policy than you need and there could be more affordable life insurance options for you.

You can now buy term life insurance with a term period of 35 years from American General Life Insurance Company and some of the largest term life insurance companies. AIG 35-year term life insurance is one of the first of its kind.

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Will you need 35-year term life insurance?

Maybe and maybe not. It all depends on your unique circumstances. Things to consider include:

  • How many years until your youngest child leaves home?
  • How many years until all your children (and perhaps grandchildren) graduate college?
  • How many years until you pay off your mortgage?
  • How many years until you retire?

This is a start, but there’s more to it. What happens when my life insurance policy ends? Thankfully, we’ve written a thorough guide to help you find out how long you will need term life insurance.

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It’s important to note that you are never ‘stuck’ in a policy for the entire term length. Meaning, you can always cancel the policy before the term expires without incurring any penalties or fees. This is unlike whole life insurance, or any other type of life insurance.

35-year level term life insurance will allow you to have coverage at a guaranteed rate for the duration of your term, so you won’t see your life insurance rate go up.

What are the average term life insurance rates by age?

Age is one of the premier factors that determine your term life insurance costs. You’ll see below that other factors, such as smoking, can also have a significant impact on your term life insurance rate.

Average Monthly Life Insurance Rates for Females by Age & Tobacco Use
Female Age & Tobacco Use$100,000/
20-Year
Term Life
$250,000/
20-Year
Term Life
$100,000
Whole Life
$250,000
Whole Life
30-Year-Old Non-Smoker$8.21$13.91$82.60$180.69
40-Year-Old Non-Smoker$9.83$17.96$116.80$260.08
50-Year-Old Non-Smoker$17.31$36.68$171.31$386.86
30-Year-Old Smoker$19.89$43.12$105.32$237.57
40-Year-Old Smoker$29.66$67.54$152.04$347.82
50-Year-Old Smoker$63.45$152.02$232.50$537.63
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It’s hard to truly predict someone’s rates. It might be a good idea to utilize tools like our term life insurance calculator. These tools can help you find out your average life insurance costs per month, figure out how much income you may need to replace, what expenses your family may have come up at the time of your passing, and help you with several other questions.

As expressed before, term policies for seniors would cost a bit more. This is why it is so important to start shopping for life insurance sooner rather than later; it helps you save on the cost of your life insurance premium.

Since Banner is a sole provider of 40-year term life insurance, there is no competition. There are no other life insurance products that will cover you for that period of time. So, how much does a 40-year term policy cost? As with all insurance, there are many factors that go into calculating rates, so it’s best to get quotes specific to you.

35-year term life insurance is still a new policy length, but 30-year term life insurance policy options have been around a long time and are a popular choice. The extra five years can make sure your insurance is in place as long as you need it, whether that’s to pay off your mortgage or until your kids are grown up.

What’s the bottom line?

Term life insurance is a simple life insurance policy type that meets the needs of many people. Choosing 35-year term life insurance could save you money in the long run if it’s right for you; however, you shouldn’t forget to look into permanent life insurance when you’re considering your life insurance options, especially if you need longer terms.

Now that you know more about how to find and buy 35-year term life insurance, you can save time and money on life insurance by getting FREE life insurance quotes with our tool below.

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