A 100 000 20 year term life insurance policy for a 62 year old female costs around 53 per month.
Best term life insurance for 60 year old male.
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.
Steps to save money on life insurance at age 60 saving money on life insurance is easy if you ask the right questions.
You will find rates for varying amounts and term lengths.
These life insurance rates are for a healthy 50 year old male.
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.
10 year term life insurance rates by age.
Rates will be higher if you have health problems.
20 year term life insurance policy for super preferred applicants.
To find the best life insurance at 62 years old you need to find the right company for you.
It will offer a level premium for 10 years.
An older male can expect higher rates.
However once you age into your senior years you would be able to get better rates through other types of life insurance.
This is due to life expectancy because men tend to have a shorter life expectancy compared to women.
A 10 year term policy usually has the lowest rate.
Life insurers take this into account and thus will charge a man more expensive rates than a woman who.
Although knowing the questions to ask is the hard part.
So a woman will always pay less for life insurance compared with a man of the same age and health with similar risk factors.
For smokers the rate might jump to 528 93 a month.
For a 63 year old nonsmoking woman the most inexpensive option is pacific life at 128 08 a month.
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.
A 58 year old male will pay around 80 per month.
On average men will pay 24 more for term life insurance than women.
Use our comparison tool for a personalized quote.
