Life Insurance Policy For 74 Year Old

Elderly Life Insurance for a 74 Year Old- Your Options Your options for elderly life insurance at age 74 will depend on a few factors. Generally speaking, elderly life insurance is burial insurance coverage. This is permanent insurance, which means your policy will last for the rest of your life and your premium will remain level.. $200,000 10 Year Term Life Insurance: 74 Year Old Male - $2495 per year 74 Year Old Female - $1923 per year. $25,000 Level Pay Whole Life Insurance: 74 Year Old Male - $131 per month 74 Year Old Female - $109 per month. Keep in mind that the actual rate that you will pay is going to depend on several variables such as your smoking status, your health history, your family health history, your occupation and hobbies, and even your driving history.. At this age, many policy options are still available, including 10 and 15 year term life insurance. Permanent policies such as whole life or universal life insurance coverage are available as well. Let’s take a look at the cost of life insurance for 70 to 75 year olds, as well as the best policy options available for seniors over 70..

It offers level premium policies that are convertible to permanent life insurance through age 74. This is a good option if you think a term policy will work for you but might need a permanent .... 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.. Life Insurance For Seniors It is no surprise that to get the best life insurance coverage and lowest premiums, a policy must be purchased while you are still young. The good news is that many insurance companies still offer very affordable rates, even if you are over 65 years of age..

If you find an old life insurance policy, how you go about determining if it's worth anything depends on whether it belonged to you or someone else. You'll need to first contact the insurer and see if the policy is of any use. The unclaimed property office may help if the insurer won't.. You have two basic options in your seventies - term life insurance and permanent life insurance. Term life insurance is temporary coverage that can last anywhere from one year or as long as 30 years, depending on the company that you choose..