Cost Of Term Life Insurance For 60 Year Old Male

For example for a male 60 year old enrolled in the vgli program with 400 000 in coverage the monthly premium is 432 which is 226 more than a similar policy offered by prudential.

Cost of term life insurance for 60 year old male.

Cost of life insurance for people over the age of 70. We specialize in helping people purchase affordable term life insurance especially those who are between the ages of 60 to 69. A 58 year old male will pay around 80 per month. You ll skip the medical exam in exchange for higher rates and lower.

By waiting 20 years until age 50 rates for a 20 year 500 000 term life policy will more than triple. Average cost of 35 year term life insurance policy. However once you age into your senior years you would be able to get better rates through other types of life insurance. For a 59 year old nonsmoking man in perfect health the typical cost for a 500 000 20 year term life policy is 231 80 a month or 2 781 60 a year.

For a 62 year old female a 100 000 20 year term life insurance policy costs around 53 per month. Life insurance companies will use age as a determinant for life insurance premiums. Steps to save money on life insurance at age 60 saving money on life insurance is easy if you ask the right questions. 250 000 male female.

For universal life insurance quotes term life insurance rates or return of premium quotes use the instant quote form on the right or below. Rates will be higher if you have health problems. Affordable life insurance rates at 60 69 years old. To see term life insurance tables for 60 year old men and women scroll about halfway down the page.

Rates will continue to increase as you age due to a decrease in your total life expectancy. It s possible to get life insurance after 70 but your options will be limited and you can expect to pay substantially more for coverage a person in their 80s can expect to pay more than 1 000 a year for a 10 000 or 20 000 final expense or guaranteed issue policy. These policies are only available to applicants that are less than 50 and 1 2 years old. Although knowing the questions to ask is the hard part.

In the tables below we ve illustrated the cost of a 35 year term policy for male and female applicants in average to excellent health. To find the best life insurance at 62 years old you need to find the right company for you. A 20 year 500 000 term life insurance policy will cost about 100 more per year. You will find rates for varying amounts and term lengths.