If you are over 50, but under 60, your life insurance rates can still be very affordable.
Here are some examples of the monthly costs of a 20 year term policy for a male, non-smoker, in good health and no major medical issues:
| Your Age | $100,000 | $200,000 | $300,000 | $500,000 | $1,000,000 |
| 50 Years Old | $26.34 | $46.99 | $53.40 | $89.25 | $169.31 |
| 51 Years Old | $28.18 | $50.75 | $58.74 | $ 97.91 | $185.94 |
| 52 Years Old | $30.28 | $54.95 | $64.05 | $106.75 | $ 205.19 |
| 53 Years Old | $32.55 | $59.50 | $67.08 | $116.81 | $227.06 |
| 54 Years Old | $34.78 | $61.86 | $71.40 | $119.00 | $232.31 |
| 55 Years Old | $37.58 | $67.46 | $78.00 | $130.38 | $255.06 |
| 56 Years Old | $40.64 | $73.59 | $85.80 | $143.50 | $282.19 |
| 57 Years Old | $45.14 | $80.59 | $94.20 | $157.06 | $309.75 |
| 58 Years Old | $51.98 | $97.52 | $120.66 | $197.31 | $387.19 |
| 59 Years Old | $57.58 | $107.53 | $136.41 | $222.75 | $434.25 |
As you can see above, the rates for a person in their fifties is still very affordable. Make sure to shop around for the best prices. The best way to do this, is to compare rates online. This way you'll compare prices amongst a larger number of insurers, thus getting better prices.