Is it Possible to Get Life Insurance at 69 Years Old?

One huge misconception about life insurance as that is only available for younger people. This is not true at all however and actually senior citizens are usually surprised to find out that they can get life insurance at a price that is affordable too.

Usually when people ask us what the best way to go about finding out how much life insurance costs, we recommend the use of a free tool like we offer on our website to give you a quote.  Click here to access the free rate quoter.

Term Life Insurance Quotes for 69 Year Olds

To get you started on your search for quotes, we have prepared a sample table of quotes that should give you a general idea of how much life insurance will cost you. Keep in mind though that these are just samples and to get actual updated rates you’ll want to use the free quote tool.

Also, the rates below are for NON-SMOKERS. If you do smoke, expect the rates to be double.

Term life insurance for a 69 year old male "Preferred" health class (no or minor health issues), monthly rates:

                               $50,000  $100,000  $250,000  $500,000  $1,000,000
10 year term                $73          $87          $203          $350         $742
15 year term                $88          $136        $279          $537         $1033
20 year term                $203        $190        $446          $865         $1719


Term life insurance for a 69 year old male "Standard" health class (controlled health issues), monthly rates:

                               $50,000   $100,000  $250,000  $500,000   $1,000,000
10 year term               $80           $112         $274         $510          $1014
15 year term               $113         $188         $416         $827          $1533
20 year term               $203         $263         $614         $1218        $2377

Term life insurance for a 69 year old female "Preferred" health class (no or minor health issues), monthly rates:

                               $50,000  $100,000  $250,000  $500,000  $1,000,000
10 year term                $47          $52            $97         $189          $371
15 year term                $55          $74            $150       $292          $562
20 year term                $203        $105          $252       $472          $937

Term life insurance for a 69 year old female "Standard" health class (controlled health issues), monthly rates:

                              $50,000  $100,000   $250,000   $500,000  $1,000,000
10 year term               $47          $71           $119           $231          $456
15 year term               $77          $125         $277           $528          $945
20 year term               $203        $175         $428           $807          $1607

Your Best Source for Cheap Life Insurance

To obtain the cheapest life insurance possible, the best route is to work with an independent life insurance agency who can access all of the top rated insurance companies and help you compare them side-by-side. If you are in good health then our online quote tool will provide you accurate and up-to-the-minute rates. All you need to do is choose the cheapest option.

If you aren’t in such good health we will first need to qualify your health before doing any research for you. Since each insurance company has a slightly different way of evaluating perceived risk we will need to contact each one individually to get you the best rates.

Our agents are experts at this though from doing it every day, so you can rest assured that they will be able to get you the best rates possible.

Which is the Right Life Insurance Policy at Age 69?

The first step is to ask yourself one simple question: what or whom do I need this life insurance policy for? Do you need it to supplement your income for your spouse if you pass? Do you need it to cover any debts that you might still have? Your answer will help you determine the type of policy that suits you best.

Term length is another important thing to think about as well. While some people only need life insurance until they retire, others need it until they feel their debt might be paid off. It is also common for people to take out a life insurance policy until the day that they pass.

We definitely understand the fact that most people don’t want to spend money on life insurance, but we still feel it is much better to have some coverage then no coverage at all. Try to pick an affordable plan that will still help your family.

May the BEST quote win!

Compare life insurance rates within 1 minute

Consider Two Other Policy Options As Well

By the age of 69 it will probably be expensive to get whole life insurance depending on the policy you’re after. If all you need though is enough to cover your funeral expenses and other final expenses, then insurance can actually be quite cheap. Most people end up taking out a policy for $10,000 - $25,000 to be paid on the day that they die. The advantage of this policy is that no medical exam is required and your rates will stay the same forever.

“Guaranteed Universal Life” Insurance is another type of popular policy that lets you take out a cheap amount of life insurance that will not expire. Policies like this allow you to keep the same level premiums for the rest of your life and can cover you for as low as $25,000 worth of coverage.

Bottom Line

We always tell our clients that the best way to go about getting a cheap policy is to get in touch with one of our independent life insurance agents who can access all of the top rated insurance companies in your area.

We know this is probably a lot of information to take in all at once, so if you have any questions at all please contact us and we will be happy to help you. Remember, the first step of finding a quote is using the free tools like we offer right on our website.

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About Jeff Root

is the owner of rootfin.com. He's an independent life insurance agent who has helped 1,000's of consumers purchase life insurance online and over the phone.

View all posts by Jeff Root

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