40-Year Term Life Insurance
Over 100 Carriers to Quote From. Here are a few of them!
Most term life insurance policies last 10, 20, or 30 years. But for people who want protection that lasts longer, a 40-year term life insurance policy may be the right fit. It provides affordable, fixed premiums and guaranteed protection for four decades—making it a strong option for those who want stability beyond the typical term lengths. At Diversified Insurance Brokers, we help families compare 40-year term coverage with other options to ensure long-term security at the best value.
Get a Term Life Insurance Quote
See how 40-year term life compares with 10, 20, and 30-year options for long-lasting protection.
What Is a 40-Year Term Life Policy?
A 40-year term life policy provides level premiums and a guaranteed death benefit for four decades. It’s one of the longest term lengths available and is ideal for individuals who want extended coverage without moving into permanent life insurance. These policies are less common, so finding the right carrier is essential.
Benefits of a 40-Year Term Policy
- ✅ Locks in premiums for up to 40 years
- ✅ Longer protection than traditional term policies
- ✅ Provides peace of mind for family protection over the long term
- ✅ More affordable than permanent life insurance
Things to Consider
- Premiums are higher than shorter-term options (20- or 30-year)
- Not all carriers offer 40-year terms
- Approval depends on age and health—best for younger applicants
Estimate Your Life Insurance Premiums
Use our calculator to compare quotes for 40-year term life with shorter terms and permanent policies.
Life Insurance Quoter
Comparison: 40-Year Term vs 30-Year Term vs Permanent
| Feature | 30-Year Term | 40-Year Term | Permanent Life |
|---|---|---|---|
| Coverage Length | 30 years | 40 years | Lifelong |
| Premiums | Lower | Higher than 30-year, lower than permanent | Highest |
| Cash Value | No | No | Yes |
| Best For | Families, mortgages, education planning | Long-term stability at lower cost than whole life | Estate planning, wealth transfer, lifelong needs |
Case Example
A 28-year-old couple wanted long-term coverage to protect their children, who were just starting school. A 40-year term policy ensured they had guaranteed protection until retirement age, locking in affordable premiums while they were young. Compared to permanent life, it saved them thousands in premiums while still covering all major financial milestones.
Who Should Consider a 40-Year Term Policy?
- Young adults who want long-lasting protection without high permanent premiums
- Families planning for extended financial obligations
- Anyone who wants to lock in low rates early and keep them for decades
Why Work With Diversified Insurance Brokers?
Since 1980, Diversified Insurance Brokers has helped families secure affordable life insurance tailored to their long-term needs. With access to 75+ carriers, we know which insurers offer 40-year term policies and how to position your application for approval. Learn more about our life insurance options, explore burial insurance, and see why families choose to work with us.
FAQs: 40-Year Term Life Insurance
What is a 40-year term life insurance policy?
A 40-year term policy provides level premiums and a guaranteed death benefit for four decades. If you pass away during the term, the benefit pays your beneficiaries; if you outlive the term, coverage ends unless you convert or renew per the contract.
Who should consider 40-year term life insurance?
It can fit people with long horizons—new homeowners, parents who want coverage into their 60s or 70s, or anyone with extended debts or dependent-care needs. If you’re comparing options, see our 30-year term life insurance and our 35-year term life insurance guides.
How does cost compare with 30- or 35-year term?
All else equal, 40 years costs more because the insurer is on the hook longer. To gauge value, compare rates across multiple terms on our life insurance services page and review the trade-offs versus 35-year term coverage.
What happens when the 40-year term ends?
Level premiums end and coverage typically terminates unless you renew at attained-age rates (usually costly) or you converted earlier to a permanent policy during the contract’s conversion window.
Can I convert a 40-year term to permanent insurance?
Many policies include a conversion option to permanent coverage without a new medical exam, but the conversion period may be shorter than the full 40 years. Check the policy’s conversion deadline and eligible permanent products.
Are there age limits for buying 40-year term life?
Yes. Maximum issue ages vary by carrier and state, but 40-year terms are generally available to applicants in their 20s–40s. If you’re near the cutoff, compare 25-year term life insurance or 30-year term life insurance as alternatives.
Will I need a medical exam to qualify?
Often, yes—especially for higher face amounts. Some carriers offer accelerated underwriting or no-exam options for eligible applicants and amounts. Comparing across 100+ carriers improves your odds of a favorable path.
What riders are common on 40-year term policies?
Popular riders include accelerated death benefit (terminal/critical illness), waiver of premium, children’s term coverage, and accidental death. Availability and cost vary by carrier and state.
What if I’m not eligible for a 40-year term?
Consider stacking multiple terms (“laddering”) or evaluating permanent alternatives designed for longevity. You can also compare 30-year term coverage options with a future conversion plan.
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