Best Term Life Insurance For 60 Year Old Male

After assessing rates from 10 major insurers our research suggests the cheapest life insurance company for a 63 year old nonsmoking man is pacific life at 183 83 a month.

Best term life insurance for 60 year old male.

A 100 000 20 year term life insurance policy for a 62 year old female costs around 53 per month. This is due to life expectancy because men tend to have a shorter life expectancy compared to women. A 10 year term policy usually has the lowest rate. For example for a male 60 year old enrolled in the vgli program with 400 000 in coverage the monthly premium is 432 which is 226 more than a similar policy offered by prudential.

Although knowing the questions to ask is the hard part. Rates will be higher if you have health problems. So a woman will always pay less for life insurance compared with a man of the same age and health with similar risk factors. An older male can expect higher rates.

Life insurers take this into account and thus will charge a man more expensive rates than a woman who. To see term life insurance tables for 60 year old men and women scroll about halfway down the page. For smokers the rate might jump to 528 93 a month. 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.

A 58 year old male will pay around 80 per month. Use our comparison tool for a personalized quote. 20 year term life insurance policy for super preferred applicants. 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. It will offer a level premium for 10 years. 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. These life insurance rates are for a healthy 50 year old male.

However once you age into your senior years you would be able to get better rates through other types of life insurance. For a 63 year old nonsmoking woman the most inexpensive option is pacific life at 128 08 a month. You will find rates for varying amounts and term lengths. 10 year term life insurance rates by age.