No matter if it's your mother, father, spouse, or children, that you are looking to get a life insurance policy on. We can help.
Life insurance premiums have been going down for a long time, and now it's the right time to get coverage on a family member.
Here are some examples of term life insurance policies for parents over 60 years of age. These example rates are just an average and most likely are not the prices you'll get.
Learn more about insuring your mother.
Average monthly costs for a 10 year term policy for a non-smoker mother in good health:
| AGE | $50,000 | $100,000 | $200,000 | $300,000 | $500,000 |
| age 60 | $43.42 | $25.46 | $45.77 | $53.86 | $86.80 |
| age 61 | $49.16 | $27.02 | $48.83 | $60.48 | $96.15 |
| age 62 | $54.76 | $28.88 | $54.56 | $66.43 | $106.48 |
| age 63 | $56.03 | $31.14 | $57.13 | $74.98 | $117.03 |
| age 64 | $60.02 | $33.52 | $63.00 | $80.45 | $128.12 |
| age 65 | $39.74 | $38.18 | $66.55 | $81.05 | $148.15 |
| age 66 | $44.88 | $44.47 | $73.44 | $87.55 | $164.75 |
| age 67 | $43.95 | $46.97 | $81.08 | $93.12 | $178.47 |
| age 68 | $49.00 | $53.76 | $86.90 | $100.48 | $193.10 |
| age 69 | $53.14 | $59.40 | $96.55 | $111.82 | $221.15 |
| age 70 | $58.09 | $67.43 | $107.14 | $128.95 | $247.15 |
(Life insurance rates as off 02/17/2023 - your rates may vary)
Example average monthly costs for a 20 year term policy for a father, non-smoker, in good health and with no major medical conditions:
| Age | $100,000 | $200,000 | $300,000 | $500,000 |
| 65 year old male | $63.55 | $123.72 | $144.44 | $233.75 |
| 66 year old man | $71.23 | $137.14 | $157.72 | $258.10 |
| 67 year old male | $84.48 | $155.15 | $174.98 | $283.50 |
| 68 year old man | $94.75 | $177.52 | $191.75 | $315.97 |
| 69 year old male | $103.78 | $203.76 | $215.70 | $356.15 |
| 70 year old male | $116.40 | $230.15 | $246.45 | $405.13 |
| 71 year old man | $136.75 | $264.25 | $278.43 | $464.25 |
| 72 year old male | $154.55 | $295.75 | $317.20 | $525.48 |
| 73 year old male | $174.00 | $337.25 | $363.76 | $603.25 |
| 74 year old man | $193.18 | $383.45 | $424.42 | $704.25 |
| 75 year old male | $220.42 | $433.20 | $495.10 | $821.40 |
(Insurance rates as off 02/17/2023 - your rates will most likely be different)
Who to insure first or for the greatest amount depends on who is the main bread winner for the family. It can be the husband, the wife, or both equally.
Remember to always figure out how much life insurance you need before start comparing rates. At least, have a range.
A good rule of thumb, is to have a policy in the amount of six to 10 times the insured's annual salary. So if you or your spouse make $50,000 per year, you should have a policy with a death benefit of $300,000 to $500,000.
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Typical prices for a 10-year term life insurance policy for non-smoker women age 50 to 65:
| Woman's Age | $100,000 | $200,000 | $300,000 | $500,000 | $1,000,000 |
| 50 Year Old Woman | $13.48 | $21.46 | $24.16 | $35.78 | $67.13 |
| 51 Year Old Woman | $14.45 | $22.14 | $25.90 | $38.84 | $72.79 |
| 52 Year Old Woman | $15.15 | $24.51 | $28.10 | $42.83 | $79.19 |
| 53 Year Old Female | $17.12 | $27.44 | $30.26 | $47.48 | $87.55 |
| 54 Year Old Woman | $17.45 | $28.71 | $33.18 | $50.75 | $95.81 |
| 55 Year Old Woman | $18.48 | $31.16 | $35.88 | $57.15 | $104.13 |
| 56 Year Old Woman | $19.44 | $32.45 | $38.43 | $58.96 | $110.20 |
| 57 Year Old Woman | $20.28 | $34.70 | $40.86 | $63.92 | $120.45 |
| 58 Year Old Female | $21.26 | $37.79 | $43.75 | $68.85 | $130.15 |
| 59 Year Old Woman | $22.77 | $39.23 | $47.87 | $75.47 | $143.50 |
| 60 Year Old Woman | $23.98 | $42.80 | $51.10 | $82.25 | $157.72 |
| 61 Year Old Woman | $25.78 | $47.55 | $55.83 | $90.15 | $171.50 |
| 62 Year Old Woman | $27.48 | $50.74 | $60.55 | $98.45 | $187.25 |
| 63 Year Old Woman | $29.59 | $54.88 | $67.45 | $107.73 | $207.55 |
| 64 Year Old Woman | $32.10 | $59.75 | $73.41 | $119.45 | $229.71 |
| 65 Year Old Female | $37.26 | $67.87 | $81.13 | $148.70 | $287.10 |
(Life insurance rates as off 02/17/2023 - your rates, most likely, will be different)
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Typical prices for a 20-year term life insurance policy for non-smoker men age 50 to 59:
| Man's Age | $100,000 | $200,000 | $300,000 | $500,000 | $1,000,000 |
| 50 year old man | $27.24 | $47.99 | $54.40 | $90.25 | $170.25 |
| 51 year old man | $28.88 | $50.96 | $58.74 | $ 97.91 | $185.95 |
| 52 year old man | $31.28 | $55.95 | $67.16 | $108.70 | $ 208.10 |
| 53 year old man | $32.75 | $58.80 | $67.28 | $117.88 | $227.10 |
| 54 year old man | $34.88 | $61.86 | $71.40 | $118.10 | $232.21 |
| 55 year old man | $37.78 | $67.45 | $78.10 | $130.28 | $255.19 |
| 56 year old man | $40.85 | $73.89 | $85.92 | $144.42 | $282.59 |
| 57 year old man | $47.14 | $81.55 | $94.20 | $157.16 | $308.75 |
| 58 year old man | $51.98 | $97.55 | $120.86 | $198.21 | $388.14 |
| 59 year old man | $58.58 | $108.53 | $137.41 | $223.75 | $435.25 |
(Rates as off 02/17/2023 - your rates, most likely, will be different)