Best Life Insurance Options for 58 Year Olds

Life Insurance Quotes for 58 Year OldSome 58 year olds believe that life insurance is too costly, but it really isn’t!

Click to compare rates for the top rated life insurance companies for 58 year old individuals.

One of the biggest mistakes people make is waiting to buy life insurance. People think they should do this because they can pocket the money for another few years.

What’s so wrong with saving money? If you wait, your premiums are going up. Plus, you never know when tragedy could strike.

Also, your 50s is also the time when life insurance is most important. You wouldn’t want to leave your family with all of your financial burdens when you pass would you? If not, then you need a life insurance policy.

Cheap Term Life Insurance Quotes for 58 Year Olds

Sadly, we can’t tell you how much your life insurance is going to be. This is because the rates fluctuate daily so use these as rough estimates and then use our free tool calculator to find your real rate.

SPECIAL NOTE: these are non-smokers rates. If you use tobacco, your premiums are going to look very different.

Term life insurance for a 58 year old male “Preferred” health class:

$50,000  $100,000  $250,000   $500,000   $1,000,000
10 year term             $23           $29          $59            $113            $214
15 year term             $29           $41          $83            $164            $305
20 year term             $37           $52          $105          $210            $399

Here are some quotes for a 58 year old male “Standard” health class monthly rates:

$50,000  $100,000  $250,000  $500,000  $1,000,000
10 year term                $32          $43          $100          $185          $362
15 year term                $41          $54          $125          $244          $457
20 year term                $53          $71          $172          $332          $671

Women get cheaper life insurance. Term life insurance for a 58 year old female “Preferred” health class:

$50,000  $100,000  $250,000  $500,000  $1,000,000
10 year term              $17         $21           $44           $83            $157
15 year term              $24         $26           $57           $105          $199
20 year term              $28         $36           $75           $144          $276

58 year old female “Standard” health class monthly rates:

$50,000  $100,000  $250,000  $500,000  $1,000,000
10 year term             $23           $29           $64           $121         $229
15 year term             $27           $39           $91           $170         $314
20 year term             $36           $48           $111          $216         $425

How to Save Money on Your Life Insurance

 

Through the years, we’ve worked with all kinds of clients. We’ve helped our customers save thousands and thousands of dollars. How do we do this? We give them the information and advice they need. Additionally, we do all of the shopping for them.

If you don’t have any health issues to speak of, then you should visit our site and use the free online quote calculator that we have there. It’s simple, put in basic information, and you will get a quote instantly, directly from the companies themselves.

If you do have some health issues, you should skip the tool entirely and get in touch with our agents. We will ask you some simple questions about your condition and then we can assess your situation and find the perfect plan.

Choosing the Best Life Insurance Policy at Age 58

 

Finding the perfect life insurance plan isn’t always easy. There are several steps and key decisions you have to make.

Step one – why are you buying life insurance? It’s not as simple as it sounds.

Do you simply want a policy which will pay for your funeral or do you want a plan to pay off your mortgage loan? Those are two VERY different purposes. Is your plan going to replace your paycheck? All of these are going to change the kind of policy you buy.

Not only do you need to know how much, but you need to know how long. The most popular life insurance product is a term policy. If you buy a term plan, you have to decide how long you want protection. You can buy a plan which lasts 2 years, 30 years, your whole life or anything in between.

A strategy that is carried out by many people is to use one policy until they retire all while maintaining burial insurance for when they pass away. An example of this would be a 58 year old person taking out a 10 year policy, taking them right up to the point where they’ll retire at the age of 68. After that they will still have their burial insurance in place which will be quite inexpensive since they bought it so early.

No Exam Life Insurance

When you’re doing your shopping around, you need to account for no exam options. These let you get insurance without having to take the exam.
Why would you do this? If you have a couple of minor health problems, it can be a good way to still get approved for protection.

No exam plans are more expensive, but they are faster. You are going to pay more, but you can get an application decision in days. You have to decide what’s important to you. Do you want to skip the exam or do you want cheaper premiums?

Taking the Next Steps

Sure, if you want to, you can spend days researching companies and calling agents. You can make yourself an life insurance expert. Why go through all that work when our expert agents are ready to do the work for you? Our agents are standing by to help you get the best over 50 life insurance rates.

If you’re confused by all of these decisions and information, that’s okay! You don’t have to understand it. We are here to walk you through the whole thing and give your family the proper protection.

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.

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1 Comment

Georgeanne pinkston

I would be interested in a basic qoute for a 25,000.00 policy. I am 58 and the only health issue i am tx for is hypertension, which is very well controlled. I have recently lost my job and will have no life insurance, and need reasonable coverage.

September 18, 2016 at 9:39 am
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