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.
A often used rule of thumb is, that you should get 5 to 10 times the amount of your annual salary in life insurance. So, for example, if you make $35,000 dollars per year, you should get a policy in the amount of $175,000 to $350,000. But, if you can only afford around 100K, get a quote below.
|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|
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.
For a "Simplified issue" policy you only have to answer a few medical history questions. You do not need to have a medical exam.
For a "Guaranteed issue" policy you don't have to subject yourself to a medical exam or blood tests, or even have to answer any medical questions - you qualify for coverage no matter what.
Are you asking yourself, "How much does a $50,000 dollar life insurance policy cost?", no matter your age, 30, 35, 40, 45, 50, 55, 60, 65, 70, 75 - find out your rates by clicking here!