Cost Of Life Insurance For 60 Year Old Female

Steps to save money on life insurance at age 60 saving money on life insurance is easy if you ask the right questions.

Cost of life insurance for 60 year old female. Let s look at a 59 year old nonsmoking woman. 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. 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. A 20 year 500 000 term life insurance policy will cost about 100 more per year.

You ll skip the medical exam in exchange for higher rates and lower. 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. To see term life insurance tables for 60 year old men and women scroll about halfway down the page. 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.

Cost of life insurance for people over the age of 70. By waiting 20 years until age 50 rates for a 20 year 500 000 term life policy will more than triple. 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. Although knowing the questions to ask is the hard part.