Cost Of Life Insurance For 60 Year Old Female

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.

Cost of life insurance for 60 year old female. Affordable life insurance rates at 60 69 years old we specialize in helping people purchase affordable term life insurance especially those who are between the ages of 60 to 69. You ll skip the medical exam in exchange for higher rates and lower. If we look at the same policy for a 59 year old nonsmoking woman the average cost is around 148 49 a month or 1 781 88 a year. To see term life insurance tables for 60 year old men and women scroll about halfway down the page.

We ve found that the average cost of life insurance is about 126 per month based on a term life insurance policy lasting 20 years and providing a death benefit of 500 000. You should think of this number strictly as a baseline your own rates for life insurance will change depending on your age the insurer you choose and the amount of coverage that you find is right for your family. You will find rates for varying amounts and term lengths. 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.

Let s look at a 59 year old nonsmoking woman. Although knowing the questions to ask is the hard part. By waiting 20 years until age 50 rates for a 20 year 500 000 term life policy will more than triple. We do this by helping you find the best insurance company for your needs instead of trying to fit you into a one size fits all type of policy.