Many people start thinking about life insurance when they get older, which is not always the best idea. However, if you are one of those women that started thinking about it in your 30s, you have made a smart choice. When it comes to life insurance for 30 years old female, your medical condition will play the most important role in determining whether your premium will be cheap or expensive. As your age is more than convenient for every insurance company, they will focus on your health and your job, your family’s medical history and your bad habits.
Life Insurance for 30 Years Old Female with Health Issues
When you are young you are usually in your best health. Unfortunately, it is not always like that.
If you are in your 30s and you are sick, there is a chance that your premium will be high, depending on the seriousness of your condition and whether you are keeping it under control or not. It is needless to say that if your disease is curable or you are temporary ill, it will not affect the price of your premium in any way.
On the other hand, you have a disease that is serious, or it is unusual for your age, there is a big change you will be facing a higher premium, and in rare cases, traditional life insurance may be even out of your reach.
Apart of the sickness, there are other ways that could make your life insurance premium more expensive than it should be. Bad habits such as smoking and alcohol drinking will give you many negative points when it comes to affordable life insurance. Basically, everything that could affect your overall health will make your premium more expensive.
What Choices Do I Have?
When you are looking for life insurance in your 30s it can’t get any better. Now is the perfect time to start thinking about your financial future and future of your family. Life insurance is a good choice to start saving for the future if you don’t prefer other ways of putting your money aside.
When you get older, insurers will see you as high risk, and therefore you will have fewer options. Now you can really choose, as the price will be the most affordable. Moreover, you have better options to get than 30 years old male.
Term Vs Whole Life Plan
There is a never-ending debate between term life and whole life insurance. Both of these policies have great advantages and some of the disadvantages that may be tolerable in your case.
If you are looking for an affordable policy that will protect you and your family for one period of time (usually we are talking about 20 years of coverage), then you should opt for this kind of policy. It is suitable for people that don’t need big coverage. One of the biggest disadvantages is that after this period of time your policy will end. In which case, you can issue it again, but this time for a different price.
If you are looking for a life insurance that will protect you until the rest of your days, you need whole life insurance. It is the best choice if you need a huge coverage to protect your loved ones, business and etc. The great thing about it is that it usually builds up cash value, the money that could be borrowed out of the policy and can be used in case of emergency. However, still, some time should pass in order for you to be able to do that. Also, you can’t borrow all the money that was built with time, or otherwise your policy could be canceled.
If traditional life insurance for 30 years old female has been declined, and you can’t opt for term nor whole life insurance, the only choice that you have left is guaranteed acceptance life insurance, more here. Even though it is perfect for people that don’t have any other choice as minimum medical information is required in order to be issued, it is still not recommended for people who have other choices. This mainly because of the price of this premium. However, if this is your last hope of getting a protection or you won’t or can’t afford to go through the medical exam, you should consider this no exam life insurance policy.