Life Insurance Policies For Seniors
Here 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 among several companies. Luckily the internet makes it very easy to compare rates and save money"
Typical Life Insurance Amounts For Seniors:
Typical and average costs for a 10 year term policy for a non-smoker female in preferred health.
| Insured | $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 |
Female senior life insurance rates as off 03/22/2021 - 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.
| Insured | $100,000 | $200,000 | $300,000 | $500,000 |
| 65 Year Old Man | $64.66 | $123.64 | $143.24 | $234.94 |
| 66 Year Old Man | $72.36 | $139.04 | $156.89 | $257.69 |
| 67 Year Old Man | $81.38 | $157.06 | $172.38 | $283.50 |
| 68 Year Old Man | $91.70 | $177.71 | $191.80 | $315.88 |
| 69 Year Old Man | $103.78 | $201.86 | $216.21 | $356.56 |
| 70 Year Old Man | $117.69 | $229.69 | $245.35 | $405.13 |
| 71 Year Old Man | $133.18 | $260.66 | $278.43 | $460.25 |
| 72 Year Old Man | $150.85 | $296.01 | $317.01 | $524.56 |
| 73 Year Old Man | $170.98 | $336.26 | $364.26 | $603.31 |
| 74 Year Old Man | $194.08 | $382.46 | $422.54 | $700.44 |
| 75 Year Old Man | $220.41 | $435.14 | $493.94 | $819.44 |
Male senior life insurance rates as off 03/22/2021 - your rates may vary* - average 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.