Life Insurance Policy For 60 Year Old

Affordable Life Insurance Rates at 60 – 69 Years Old We specialize in helping people purchase affordable term life insurance especially those who are between the ages of 60 to 69. We do this by helping you find the best insurance company for your needs instead of trying to fit you into a “one size fits all” type of policy.. For a 59-year-old nonsmoking man in perfect health, the typical cost for a $500,000, 20-year term life policy is $231.80 a month — or $2,781.60 a year. If we look at the same policy for a 59-year-old nonsmoking woman, the average cost is around $148.49 a month, or $1,781.88 a year. Compare life insurance companies for 59-year-olds. Life insurance companies will use age as a determinant for life insurance premiums. Rates will continue to increase as you age due to a decrease in your total life expectancy. The term life insurance quotes below are for a 20-year term life insurance policy with a death benefit of $500,000.. Life insurance for 60-year-olds is necessary and affordable. Comparing the top-rated companies based on your needs and health status will help you find the right policy for you. A 60-year-old male can find a 10-year, $50,000 policy for as little as $28 a month. A female can the same policy for as little as $19 a month..

The best life insurance for persons over age 60 is usually some sort of Permanent life insurance policy. Of course, some 60 year old's have temporary needs, such as wanting to be able to pay off a mortgage.. Purchasing a second policy for your spouse will lead to incredible discounts. Prudential, West Coast Life, and Transamerica offer coverage to a sixty-year-old woman for approximately $300 per month for a $500,000 policy. Dropping the trem life insurance value to $150,000 drops the monthly premium to $130..

For example, consider a 30-year-old who waits 10 years to buy a policy at age 40: A 20-year, $500,000 term life policy will cost about $100 more per year. By waiting 20 years until age 50, rates .... Permanent life insurance isn't the best choice for most people. It's several times as expensive as term life insurance for the same amount of coverage. While your policy does accumulate some cash .... Life insurance for senior citizens is available for different age categories, viz. over 85, life insurance for seniors over 65, 65 plus life insurance plans, old age life insurance, 50 plus life insurance, life insurance for seniors over 70, etc. However, the availability of life insurance at this age depends on the state of your health..