Nevada Life Insurance

Last Updated on September 17, 2020 by Andrew Lee

Find the Best Life Insurance

Compare Term & Whole Life Insurance Options:

Having a basis for comparing premiums is one of the smartest moves you can make as you shop around for a life insurance policy. Having an idea of what your potential expenditures are can help you ensure you properly allocate your finances. This then helps you prevent difficulties in making payments towards your coverage. 

Below you’ll find tables containing premiums projections for residents of Carson City, Nevada. Use these to come up with an estimate of how much your policy will cost you.

Estimated Monthly Premiums
Carson City, NV 89701
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

 

One of the things you’ll immediately notice is that women have lower premiums. 30-year old females who don’t smoke pay around $77.52 less on a yearly average than their non-smoking male peers of the same age. Comparing the premiums of the non-smoking older group, women still pay a lot less every year, spending around $311 less than males.

The primary reason for this is because statistically, women have a longer life span than men. And because in general, they take fewer risks, insurers give them better rates.

Upping coverage for a shorter insured period

How much you’ll spend towards life coverage also depends on the policy’s value and term you’ll buy. The table below represents potential premiums for a $500,000 value policy with a 20-year term.

Estimated Monthly Premiums
Carson City, NV 89701
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

 

You might want to get a policy with these features if you’ve already established that this length of time is enough for your loved ones to gain the ability to start supporting themselves. This way, they can use the payout to cover funeral and burial expenses, college costs, and a considerable portion of loans you might leave behind, such as mortgages and other financial responsibilities.

More life insurance help

All in all, preparation is key to ensuring you buy a policy best suited for your entire household’s needs. You should also keep in mind that not all insurance companies may have the proper licensure to sell products in your state, so verify this first with the Nevada Division of Insurance.