Vermont Life Insurance

Last Updated on September 17, 2020 by Andrew Lee

Find the Best Life Insurance

Compare Term & Whole Life Insurance Options:

The “right” life insurance policy for you and your family is the one that best suits all aspects of your finances. In other words, it shouldn’t just have a death benefit enough to cover funeral and burial expenses; it should also have a payout that will meet other major expenses your family has to take care of after you’re gone. This raises the importance of first determining the amount of coverage you should buy. Take a look at the tables below: they show the corresponding monthly cost of life insurance in Montpelier, Vermont for two different policy values

Estimated Monthly Premiums
Montpelier, VT 05602
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

 

For less than $20 a month, you can already get a $200,000 coverage in your 20s or 30s, regardless of gender. In most cases though, women will find plans with premiums lower than men of the same age, health condition, and lifestyle (whether they smoke or not). Note that non-smoking, young adult females pay a monthly average of $26, while their male peers pay about $32. For established adults (those in their 40s or 50s) who don’t smoke, expect the monthly average premiums of women somewhere around $57, while it’s $83 for men.

Shorter term but bigger payout

If you’re looking to buy a policy with a $500,000 value, and you want the coverage to last for 20 years, your premiums may look like any of these:

Estimated Monthly Premiums
Montpelier, VT 05602
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

 

As you can already infer from both tables, age is the biggest influencer of life insurance premiums. So when you purchase a policy with this kind of value at an earlier age, you can expect to pay a lot less than if you were to buy it as an established adult.

More life insurance help

Maintaining your life insurance doesn’t necessarily have to give you problems. As long as you enter the market well-prepared and plan, you can increase your chances of finding a policy you won’t have a lot of trouble paying for. And to make certain you’re dealing with a company licensed to sell in the state, contact the Vermont Department of Financial Regulation’s Insurance Division for assistance.