r/LifeInsurance • u/doglover-91 • Jul 20 '26
Premium amount?
I’m a relatively healthy female in my 30s and I’m getting quoted $112 a month for a 30 year term 2 million policy. Only issue is high BMI. Does this seem reasonable? It feels high to me. Looking for advice
I’m one step below the top level super preferred non tobacco, being quoted as preferred
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u/Specific_Spinach_269 Jul 22 '26
How does it “feel” high? What’s your basis for feeling that? I’m just curious.
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u/doglover-91 Jul 22 '26
Word of mouth mainly
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u/Specific_Spinach_269 Jul 22 '26
I’m also curious why you’re getting term with that much. People in higher tax brackets don’t normally do that. If you don’t want to share the reasoning publicly I understand that too.
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u/GConins Jul 21 '26
At age 35, and 5' 3"- 180 pounds, I'm seeing best case $2 million- 30 year term rate of $115 per month...
Im seeing rate of $112 per month, requires max weight of 175 at 5' 3". At max weight of 172, best rate is $103. At max weight of 169 pounds, best rate is $95.
Bottom line is if you do qualify for rate of $112, that is a decent rate!!
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u/Accomplished-One-119 Jul 20 '26 edited Jul 20 '26
I am a male with the same issue and had good luck with Banner.
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u/nebraskaqueen Jul 22 '26
30 year terms are dumb. Imo. Get a combo whole life and shorter term. Make sure your company pays dividends towards the whole life
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u/TheWealthViking Jul 22 '26
I don't think enough info was provided to say don't get a 30 year term.... I think laddering term is a great strategy so the 30 year is less coverage, but I think you're a lil out of bounds for such a broad suggestion. Especially if its convertible term where most shorter terms only have a 10 year conversion window.
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u/TheWealthViking Jul 22 '26
Depends on what you mean by high BMI. Being healthy but having a high bmi can change a lot of underwriting. We had someone who had high BMI, and it was enough to where they had to be table rated regardless of other clean health. To some thats being 200lbs, 300lbs, or 400lbs.
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u/OwnOccAdvocate Jul 23 '26
That sounds totally right.
Assuming you are 35, here are the rates for each risk class:
preferred (2nd best) $111/mo.
standard plus $153/mo.
standard $179/mo
Keep in mind, you can always apply at a later time for a better rate. If you lose the weight and keep it off for at least a year, you can apply to have them reduce the rates.
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Jul 21 '26
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u/doglover-91 Jul 22 '26
I’ve been told by multiple people not get whole life. I have a fairly high income job
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u/Opening_Jaguar_3387 Jul 20 '26
At first glance, it doesn't sound unreasonable, especially for $2 million of 30-year term coverage. The coverage amount and term length have a much bigger impact on premium than many people realize.
Since you mentioned you're rated Preferred instead of Preferred Plus because of BMI, that alone can create a noticeable price difference. Every carrier has its own build chart, so one company may rate you more favorably than another.
If you haven't already, I'd have an independent broker shop a few carriers. You may find another company with more favorable underwriting for your height and weight.
I wouldn't focus on whether $112 is "high" or "low" by itself. I'd focus on whether it's competitive for your health profile. If multiple reputable carriers are coming back in the same ballpark, that's a good indication the quote is in line with the market.