Louisiana Life Insurance

Last Updated on September 17, 2020 by Andrew Lee

Find the Best Life Insurance

Compare Term & Whole Life Insurance Options:

Obtaining life insurance quotes is one of the most important steps to buying a policy. With these estimates, you have the chance to purchase coverage that doesn’t just suit your budget, but more importantly, the needs of your entire household. To help you avoid difficulties in the monthly allocation of your salary, you can start by checking out the tables below-containing estimates for residents of Baton Rouge, Louisiana.

Estimated Monthly Premiums
Baton Rouge, LA 70801
Policy: $200K
Duration: 30 Years

Age & Gender Smokers  Non-Smokers
 30 Yr Old Male  $55.65 – $91.53 $19.17 – $45.45
45 Yr Old Male $167.65 – $230.87 $39.36 – $125.94
 30 Yr Old Female $40.42 – $72.88 $16.35 – $35.34
 45 Yr Old Female $117.34 – $176.49 $30.89 – $82.53

 

As you can see, the younger male and female groups pay a lot less than their older peers, regardless of gender. This applies to almost all cases since the primary component making up life insurance premiums is age. So when you obtain coverage at an earlier age, and you maintain optimal health condition, you can expect to enjoy lower premiums. Postpone your purchase until you reach your 40s or 50s, and it’ll follow that your premiums will also go up.

Shorter-term but more coverage

Now say you just want the policy to cover you for 20 years, but you also need it to pay out a bigger amount of $500,000. Here’s what your premiums may look like:

Estimated Monthly Premiums
Baton Rouge, LA 70801
Policy: $500K
Duration: 20 Years

Age & Gender Smokers  Non-Smokers
 30 Yr Old Male  $72.62 – $133 $20.36 – $58.05
45 Yr Old Male $213.94 – $430.30 $50.06 – $138.95
 30 Yr Old Female $59.50 – $115.40 $17.93 – $44.90
 45 Yr Old Female $154.32 – $296 $39.48 – $116.10

 

The features of this particular policy make it a good option for those who’ve already established the amount of time they need the coverage. For example, you know that your spouse and kids can already support themselves even when you’re gone, but you still want to leave them something that will help them out financially.

Also, keep in mind that the quotes above are for those in generally good health. This means that, if you develop health problems as you get older, insurers will charge you higher.

More life insurance help

As a final reminder, once you’ve purchased a policy, organize and store all the documents in a safe place. This way, your beneficiaries won’t have to go through all the trouble of starting the claims process. Let them know what to do just in case your policy gets lost so they can still file a claim.

The Louisiana Department of Insurance can also provide additional help for locating lost life insurance documents and other related concerns.