Life Insurance for 66 Years Old – Approval Tips & Free Quote

I know what you’re thinking.  It’s hard to get approved for AFFORDABLE life insurance at age 66.  In reality, we’ve found it’s not as expensive as you think it is…as long as you use the right life insurance company.

Every life insurance company will look at your risk differently and it’s especially important when you’re in your mid to later 60’s to find the right life insurance company for your situation.

As people get up into their sixties they often start thinking about taking out life insurance but think there is no way they can afford a policy. It is too bad that people think like this, because life insurance could actually be a lot more affordable than they actually think.

As always, our advice to people in this position is that they use a free quoter to find the best rates for their own situation. Click here to access our online quote tool.

The Cheapest Term Life Insurance Quotes for 66 Year Olds


Still think life insurance is too expensive? Here is some proof to show you otherwise. These quotes below are just generic quotes for clients we’ve worked with before.

Before we show you the rates, keep in mind, they are non-smokers quotes.

Term life insurance for a 66 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               $47           $63           $149           $263          $542
15 year term               $71           $92           $202           $405          $763
20 year term               $147         $135         $302           $566          $1125

Term life insurance for a 66 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               $62          $86           $208        $372           $738
15 year term               $82          $131         $314        $609           $1091
20 year term               $147        $193         $451        $848           $1736

Term life insurance for a 66 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                $31          $39          $88           $161         $306
15 year term                $46          $55          $120         $231         $443
20 year term                $147        $79          $188         $351         $695

Term life insurance for a 66 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                 $41         $53           $106         $206          $407
15 year term                 $61         $87           $202         $388          $693
20 year term                 $147       $121         $292         $549          $1091

How to Find a Policy you Can Afford

As we mentioned, those are not the exact quotes you’ll get, unless you happen to be identical to the applicant we used. There are a lot of ways you can buy life insurance.

You can take the traditional route, call a contracted agent at the carrier closest to you.

You can use the online technique. Buying a life insurance policy completely online.

Or you can use our preferred method. Using an independent agent, which gives you the best of both worlds. You’ll get the ease of an online policy and the rates of a traditional agent.

What makes independent agents so special? Unlike the first option of a traditional agent, we aren’t contracted by one company. We are free agents, meaning we can work with A LOT of companies. 60 of them in fact.

Choosing a Life Insurance Policy at Age 66

The very first step of the process is to ask yourself what you’ll be using this life insurance policy for. Some people take out a life insurance policy to supplement their income for their spouses benefit. Others use it to pay any outstanding debts they might have when they pass. Your answer to this question should help you decide which one is perfect.

As far as the term length goes, will you need it until you retire or until your debts are paid off? Or, will you need it right up until the point when you pass?

We understand that most people don’t want to spend a lot of money on life insurance, but have some life insurance is better than none. Your best bet is to get the cheapest policy available that will still protect your family.

Additional Policies Worth Noting

Whole life insurance for anyone over 65 can be very expensive depending on your policy. :f you’re buying life insurance just to pay for a funeral, then you can buy a smaller burial insurance policy. You can only buy $10,000 to $25,000. This will pay for some basic final bills.

The other kind of life insurance you should consider is “Guaranteed Universal Life.” Much like with burial insurance, these plans are permanent and offer a smaller amount of protection. The premiums are never going to increase and you have protection until your last day.

If you are going to go with this type of coverage it is important to get the policy as soon as possible.  Even someone getting a policy at age 68 will see a significant increase in their premiums.

Bottom Line

We can’t think of any better advice to give to anyone over 60 looking for life insurance than to contact us today.

If you’ve been dreading buying life insurance because of how complicated it is or how expensive it is, don’t worry anymore.

We can help you get cheap life insurance without having to spend hours on the phone. Make the call today. Don’t wait any longer to get a life insurance plan to protect your family against the unknown.

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About Jeff Root

is the owner of 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

I am a 66 male, does not smoke or drink. I have perfect health. I exercise daily and jog.
Do you provide service for Puerto Rico? I was a resident of New York,

November 21, 2014 at 3:02 am
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