At first glance a $50,000 life insurance policy is not that much, but it may be enough to cover some immediate expenses and bills.
Things like funeral expenses, credit card bills, or any other outstanding debts.
The good news about a $50K policy, is that you most likely can get it without a medical exam and blood tests. These policies are often called guaranteed issue life insurance.
|65 years old||$39.75|
|66 years old||$43.60|
|67 years old||$45.25|
|68 years old||$49.12|
|69 years old||$53.14|
|70 years old||$58.22|
|71 years old||$64.10|
|72 years old||$68.55|
|73 years old||$75.93|
|74 years old||$84.19|
|75 years old||$93.68|
6/30/2020 - These policy premiums are just estimates. Your quoted prices will most likely be different.
The example rates on the table above are for individuals in good or fair health, that do not use tobacco products. For example, being overweight or obese will increase your rates a lot, or you may even be denied coverage.
In order to get cheap and the best rates, it's best for your weight to height ratio, also known as body mass index (BMI), to be within normal ranges.
Also, if you are taking medication for health conditions like diabetes, high blood pressure, high cholesterol, cancer, etc., it may be difficult to get coverage. It's best to complete an online quote form and speak to an agent.