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Life Insurance Policies For Seniors

Older couple enjoying a fun momentHere are some examples (average costs) of life insurance policies for people over 65 years of age.

These example prices and rates are meant as a guide only and may not represent your particular situation exactly.

"Find the cheapest prices on life insurance by comparing policy prices amongst several companies. Luckily the internet makes it very easy to compare rates and save money.”


Typical Life Insurance Amounts:

 

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Examples by Age and Amount:

Typical and average costs for a 10 year term policy for a non-smoker female in preferred health.

  $100,000 $200,000 $300,000 $500,000
65 Year Old Female $37.26 $66.87 $89.43 $148.75
66 Year Old Female $40.59 $73.53 $97.30 $162.31
67 Year Old Female $47.61 $80.00 $106.49 $177.63
68 Year Old Female $43.83 $87.57 $118.83 $194.25
69 Year Old Female $52.11 $96.57 $135.63 $221.40
70 Year Old Female $57.42 $107.19 $156.89 $247.05
71 Year Old Female $63.09 $118.53 $181.83 $274.05
72 Year Old Female $69.93 $132.21 $211.49 $306.90
73 Year Old Female $79.47 $151.29 $246.93 $352.80
74 Year Old Female $89.10 $170.55 $289.71 $399.15
75 Year Old Female $100.62 $193.59 $340.38 $454.50
senior life insurance rates as off 2/15/2015 - your rates may vary* - average monthly costs shown

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Some Facts About Seniors:

  • The number of senior citizens in the US continues to rise: In 2010, the country had 40.3 million people aged sixty five and over - 13% of the total population. This is about 12 times greater than it was in 1900.
  • Projections estimate that by 2050 the 65 and over population will be close to 30% of the population.
  • States with the greater number of older people are: Florida, Maine, West Virginia, and Pennsylvania.
  • Life expectancy has risen in the United States, but at a lower rate than other developed countries, even when the U.S. spends way more on health care - 17.9% of its GDP.


Average life insurance costs for a 10-year term policy for a man, non-smoker in good health.

  $100,000 $200,000 $300,000 $500,000
Male Age 65 $64.66 $123.64 $143.24 $234.94
Male Age 66 $72.36 $139.04 $156.89 $257.69
Male Age 67 $81.38 $157.06 $172.38 $283.50
Male Age 68 $91.70 $177.71 $191.80 $315.88
Male Age 69 $103.78 $201.86 $216.21 $356.56
Male Age 70 $117.69 $229.69 $245.35 $405.13
Male Age 71 $133.18 $260.66 $278.43 $460.25
Male Age 72 $150.85 $296.01 $317.01 $524.56
Male Age 73 $170.98 $336.26 $364.26 $603.31
Male Age 74 $194.08 $382.46 $422.54 $700.44
Male Age 75 $220.41 $435.14 $493.94 $819.44
senior life insurance rates as off 2/15/2015 - your rates may vary* - monthly costs shown


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*This table is just an approximation of your possible costs, to get the actual price many factors have to be taken into consideration: your health, your Body Mass Index (BMI), your activities, your previous and present health issues (diabetes, high cholesterol, hypertension, obesity, heart problems), etc.