What's The Average Cost For A $50,000 Life Insurance Policy?

Typically, a 60 year old man will pay an average of $30 per month for a $50,000 life insurance policy for a term of 10 years. A 67 year old woman will pay around $37 monthly for a 10-year term $50K policy. Get your own quote here.

The good news about a $50K policy is that it will not cost that much, and, you most likely, can get it without a medical exam and blood tests. These policies are often called guaranteed issue and simplified issue life insurance.

Start here for a quote - choose your age bracket:

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, so not to leave your family in a predicament. 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.

"Be considerate to your loved ones, don't leave them in a financial predicament when you die. Get life insurance coverage today!"

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Example cheap rates for a 10 year term, $50,000 dollar life insurance policy for a woman in good health and non-smoker.

AGE $50,000
65 year old woman $32.19
66 year old woman $35.31
67 year old woman $36.66
68 year old woman $39.78
69 year old woman $43.05
70 year old woman $47.15
71 year old female $55.92
72 year old female $64.52
73 year old female $71.50
74 year old female $78.19
75 year old female $85.68

01/27/2024 - These policy premiums are just estimates. Your quoted prices will most likely be different.

Typical rates for a non-medical exam 10-year term policy for a man:

AGE $50,000
60 year old man $29.25
61 year old man $31.35
62 year old man $34.10
63 year old man $37.43
64 year old man $41.48
65 year old man $46.55
66 year old man $56.34
67 year old man $58.76
68 year old man $65.88
69 year old man $72.30
70 year old man $78.75
71 year old male $88.93
72 year old male $99.32
73 year old male $109.68
74 year old male $119.99
75 year old male $130.47
76 year old male $208.35
77 year old male $238.58
78 year old male $266.25
79 year old male $293.90
80 year old male $330.97

Example male rates as off 01/27/2024 - your average premiums will most likely be different.

$50,000 life insurance policyThe 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.

CLICK HERE for Your Own $50K Life Insurance Quote!

Simplified Issue vs. Guaranteed Issue

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!