Affordable Life Insurance Protection for Your Family

Long Term Life Insurance Companies

Which Insurance Companies Offer Long Term Life Insurance?


Many life insurance carriers offer term life policies with "Term" options of 10, 15, 20 or 30 years of coverage.


However, there are only a limited number of insurers that offer coverage for term insurance lasting beyond a duration of thirty years.


35 Year Term Life Carriers:

  • Banner Life & William Penn
  • Protective Life
  • AIG


40 Year Term Life Carriers:

  • Banner Life & William Penn
  • Protective Life



What Is Long Term Life insurance?


It’s term life insurance policies providing coverage for a period of 35 or 40 years.

How Does Life Insurance with Long Term Coverage Work?


Facts About Long Term Policies


A 35-year term life insurance policy is one of the longest available, except for a 40 year term policy.


These policies work just like other term insurance policies, providing level premiums and coverage for the duration of the 35 (or 40) year policy term.


This type of life insurance policy may be good for people under 50 years old who want coverage with a fixed (level) premium for a long period of time.


How Does Long Term Insurance Work?


Term life insurance is a type of life insurance policy that provides coverage lasting for a specific period of time, usually up to 30 years.


However, a few leading carriers offer 35 (or 40) year term life policies.


Example of Long Term Policy:


Thirty-five year term insurance is life insurance with level term protection.


This means your premiums remain the same each year for the entire 35 years of your coverage, while the amount of life insurance never decreases.


In order to qualify for a 35-year term plan you will likely need to be in average or better health, and be age 50 or younger.


Term life is a policy that pays out benefits to designated beneficiaries when the person insured by the policy dies. These are different from permanent life insurance policies in that the terms of the coverage only last a specified period of time.


That means, the insured may outlive the duration of coverage, with no payout of any benefits on a term insurance policy.


For example, if the insured person dies within the Policy Term, the Insurer pays out the death benefit from the policy.


But if the insured is alive when the policy term expires, there is no payout of any benefits.


According to the Centers for Disease Control, the average life expectancy in the U.S. is around 77 years, with many people working and paying mortgages into their senior years.


A shorter-term life insurance policy may not offer the financial security you are looking for to provide for your family’s expenses should you pass away later on in life. Whereas, longer term policy providing 35 years of protection may be a good option for you to consider.


Who Qualifies for 35-year Long Term Life Coverage?


Most insurers offering 35 year policies won’t provide these policies to anyone over the age of fifty.


If you are over 50 years old and need long term coverage, you may want to consider a permanent life insurance policy, which lasts for your entire lifetime, as long as you pay your insurance premiums on time.


This type of term life coverage may be a good option to work as income replacement for your family members who rely on you for financial support.


For example, if you still have young children at home and are the sole income earner for your family, term insurance may provide you with peace of mind knowing your family’s future is financially secure should you die unexpectedly.


Term life commonly is purchased to replace lost income when the policyholder (main breadwinner) dies.


Who Qualifies for 40-year Long Term Life Coverage?


Most insurers offering 40 year policies won’t provide these policies to anyone over the age of forty-five.


If you are over 45 years old and need long term coverage, you may want to consider a permanent life insurance policy, which lasts for your entire lifetime, as long as you pay your insurance premiums on time.


This type of term life coverage may be a good option to work as income replacement for your family members who rely on you for financial support.


For example, if you still have young children at home and are the sole income earner for your family, term insurance may provide you with peace of mind knowing your family’s future is financially secure should you die unexpectedly.


Term life commonly is purchased to replace lost income when the policyholder (main breadwinner) dies.


How Much Does Long Term Life Insurance Cost?


The price, or premium you pay for 35 or 40 years of term life protection will depend on the insurance company, and your gender; as well as, the amount of life insurance you need.


The premium you are charged will be based on your Rate multiplied by the amount of life insurance you need.


Your rate per $1,000 of term life coverage will be based on your age, gender and several risk factors:


Common Risk Factors:

  • Current Health
  • Medical History
  • Family Health History
  • Occupation
  • Hobbies
  • Tobacco Use
  • Alcohol Consumption
  • Lifestyle
  • Driving Record


Each of these factors are reviewed because they may contribute to your longevity – how long you are expected to live.


Basically, the younger and healthier you are when you purchase a life insurance policy, the lower your cost, because you are expected to live quite a while.


Long Term Life Insurance Quotes


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Long Term Life Insurance Companies

Long Term Life Insurance


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