Life Insurance Policy For 77 Year Old

According to many independent life insurance agents, Guaranteed Universal Life Insurance (GUL) is the best option for a life insurance policy for seniors over 70 due to the guaranteed age in which the policy is good through.. Permanent policy—77 year old female, good health/preferred rating class, $25k universal no-lapse guarantee to age 121 policy=$102.35 month. Term Policy—77 year old female, good health/preferred rating class, $100k 10 year level term life policy=$171.85 month. Permanent policy—78 year old female, good health/preferred rating class, $25k universal no-lapse guarantee to age 121 policy=$110.40 month.. Life Insurance at Age 77. If you are shopping for life insurance quotes at age 77, then you should know that you are getting very close to the maximum age to attain life insurance coverage. There are several highly rated carriers who will insure you at this age, but if you don't get coverage soon, then it will be too late.. In the past, from age 76 to 80, you could get a traditional 10-15 year term policy and could get a 10 year term policy all the way up to age 85. Now, however, the age limits have come down, so you can’t get a plain vanilla term policy at these older ages..

Elderly Life Insurance at 78 Years Old. If you are shopping for elderly life insurance at 78 years old, then you are probably concerned about leaving a financial burden on your family. This is the biggest reason why seniors look for a life insurance plan at age 78 - so they can purchase a small policy to cover the cost of funeral expenses and other final expenses that are left behind.. Life insurance rates for a male, 70+ years old, smoker. Two overviews below show the minimal life insurance premiums for a policy holder of Term 10 and Term 20 insurance products. It means that should a policy owner die during the next 10 / 20 years, the beneficiaries (e.g. family members) will receive the amount stated under the coverage..

A seventy-year-old man will pay $126 a month for $15,000 in coverage and a $50,000 policy costs $366 a month. You must decide how much coverage is needed and what you can comfortably afford. Obviously, the best way to purchase a life insurance policy is by starting young (30s, 40s , 50s, 60s )..