Best Term Life Insurance For 60 Year Old Male

Life insurers take this into account and thus will charge a man more expensive rates than a woman who.

Best term life insurance for 60 year old male.

This is due to life expectancy because men tend to have a shorter life expectancy compared to women. 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 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. However once you age into your senior years you would be able to get better rates through other types of life insurance.

It will offer a level premium for 10 years. 20 year term life insurance policy for super preferred applicants. For a 63 year old nonsmoking woman the most inexpensive option is pacific life at 128 08 a month. On average men will pay 24 more for term life insurance than women.

A 58 year old male will pay around 80 per month. Although knowing the questions to ask is the hard part. These life insurance rates are for a healthy 50 year old male. 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.

You will find rates for varying amounts and term lengths. An older male can expect higher rates. 10 year term life insurance rates by age. Rates will be higher if you have health problems.

For smokers the rate might jump to 528 93 a month. So a woman will always pay less for life insurance compared with a man of the same age and health with similar risk factors. 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. A 10 year term policy usually has the lowest rate.

Steps to save money on life insurance at age 60 saving money on life insurance is easy if you ask the right questions. 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. A 100 000 20 year term life insurance policy for a 62 year old female costs around 53 per month. 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.