Rootfin
  • Menu
    • Life Insurance
      • Best Companies
      • No Medical Exam
      • High Risk
      • Quotes By Age
      • Types
    • Auto Insurance
      • Best Companies
      • Car Insurance Agent Near Me
    • Other Insurance
      • Disability
      • Long Term Care
      • Home
      • Health
      • Business
      • Motorcycle, Boat, and RV
      • Renters
      • Umbrella
      • Pet
    • Rootfin
      • Blog
      • About
      • Contact
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Guide: The Best Life Insurance for 67 Years Olds

June 17, 2019 by Jeff Root

Quick Tip: If you want life insurance now, fill out the quote form.

Can life insurance at 67 years old still be affordable? Can you even qualify at age 67?

These are very common questions and most people believe that they are no longer able to find affordable life insurance in their 60s. This is a common misconception though and most senior citizens are actually surprised to see just how affordable a life insurance plan can be.

In this guide, we will show you:

  • How to choose a life insurance policy at 67
  • Term life insurance rates for 67-year-old (men & women)
  • The best types of policies for a 67-year-old
  • The simplest way to get cheap life insurance at age 67

The fastest way to find life insurance quotes is to use an online free quote tool, like the one on our own website.


How to Choose a Life Insurance Policy at 67

To get started, you have to know why you’re buying life insurance. The reason behind the plan is going to change how much you buy and the type of policy you buy.

Get My Best Quote

How Much Coverage Does a 67-Year-Old Need?

At 67, you likely do not have dependents, and you may even be retired. If someone is dependent on your income, whether it be from a job or a pension, you might need life insurance.

67 year old couple with life insurance

A few questions you should ask yourself are:

  • How much money would my spouse or family need if I passed away tomorrow?
  • What about 5, or 10 years from now?

Typically someone at 67 just needs enough money to cover final expenses, so a smaller policy is a better fit. However, some 67-year-olds may want to leave a larger financial legacy for their kids or grandchildren, so a larger policy makes sense.

How Long Do You Need Life Insurance?

After you know what the policy is for, think about how long you’ll need it for. Some people only need it up until the point that they retire or they think their debts will be paid off. Others, decide they need a life insurance policy until you die.

If you passed away in 10 years, would your dependents still need money? If not, then a 10-year term policy may be right for you.

If however, your family will need a payout, no matter the time, a permanent policy will be better.


Term Life Insurance Rates for 67-Year-Olds

To give you a place to start, we have prepared some sample quotes for people age 67. Remember that these quotes are samples only, since rates fluctuate based on your health and other factors.

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

Rates for a 67-Year-Old Man

Term life insurance for a 67-year-old male “Preferred” health class (minor or no health issues), monthly rates:

Term $50,000 $100,000 $250,000 $500,000 $1,000,000
10-Year $57 $71 $167 $288 $599
15-Year $79 $103 $224 $430 $840
20-Year $164 $152 $338 $639 $1270

Term life insurance for a 67-year-old male “Standard” health class (controlled health issues), monthly rates:

Term $50,000 $100,000 $250,000 $500,000 $1,000,000
10-Year $69 $93 $224 $421 $835
15-Year $94 $147 $358 $692 $1236
20-Year $164 $214 $492 $931 $1905

Rates for a 67-Year-Old Woman

Term life insurance for a 67-year-old female “Preferred” health class (minor or no health issues), monthly rates:

Term $50,000 $100,000 $250,000 $500,000 $1,000,000
10-Year $37 $43 $90 $174 $330
15-Year $48 $60 $129 $250 $480
20-Year $164 $87 $206 $386 $765

Term life insurance for a 67-year-old female “Standard” health class (controlled health issues), monthly rates:

Term $50,000 $100,000 $250,000 $500,000 $1,000,000
10-Year $42 $58 $109 $213 $419
15-Year $67 $96 $224 $429 $767
20-Year $164 $136 $323 $608 $1208

The Best Types of Life Insurance for 67-Year-Olds

When looking at different types of policies, you first need to decide how long you need coverage, and how much coverage you need. That will determine the type of policy you get.

Most people at 67-years-old purchase one of these types of policies.

Term Life Insurance

You saw term life insurance rates above. This is a good type of policy for people who will not need life insurance after a certain age. If, for example, at 77 you expect to retire and have all debts paid off, you may only need a 10-year term policy.

At age 67, you can typically only choose up to a 20-year term.

Burial or Final Expense Insurance

At the age of 67, whole life insurance can be a bit expensive depending on the policy you select. If all you were looking to cover though is your burial fees, then you can buy a whole life policy which is much smaller called burial insurance.

There are burial insurance plans that offer coverage from $5,000 to $50,000. The advantage of a policy like this is you don’t even need to undergo a medical exam.

Guaranteed Universal Life Insurance

Guaranteed Universal Life Insurance is a good route to explore if you are looking for a cheap policy that will never expire. Policies like this are popular because they are permanent and the premiums are never going to increase. They are a cheaper option for coverage, but you will still have to go through the exam process.

If you want a whole or universal life policy we recommend you do it sooner rather than later.  Even getting permanent life insurance at age 69 instead of age 67 will make your premium prices much higher.


How to Get Cheap Life Insurance at Age 67

Aside from using the tool, you should get in touch with one of our agents. We aren’t contracted by one carrier, we work with more than 60 of them. One phone call lets you compare all of them at once.

Maybe you’re not in the best health, that’s okay. Even if you have some health problems, or you haven’t been to your doctor in years, we can still secure you an affordable life insurance plan.

Since we do this every day for seniors over 60, we are true professionals and always get the best rates for our clients.

The Fastest Way to Find Life Insurance at 67-Years-Old

Getting life insurance when you are over 65 is easy if you contact an independent life insurance agency, like us. We will go around to all the best carriers out there.

Fill out the quote tool on this page to compare rates for life insurance for 67-year-olds, then give us a call to secure an affordable policy or if you have any additional questions.

Filed Under: Life Insurance In Your 60s

About Jeff Root
Jeff Root
Jeff Root is the owner of Rootfin. He is an independent life insurance agent, licensed in all 50 states & the District of Columbia. Jeff is an accomplished author, speaker at industry-leading insurance conferences around the US, and has helped 1,000's of people purchase insurance online and over the phone.

Reader Interactions

Comments

  1. AvatarJane Pick

    September 12, 2016 at 6:39 pm

    I am 67. I am U.S. citizen living permanently in Costa Rica. I want to purchase a WHOLE LIFE policy, $500,000 with my daughter(in California) as beneficiary. Cost is not an issue.

    Reply
    • Jeff RootJeff Root

      October 16, 2016 at 5:09 pm

      Jane,

      We’re happy to help. Thanks for reaching out. We’ve sent you an email.

      Reply
  2. AvatarGladys jones

    July 9, 2017 at 5:47 pm

    Who to get a quote on male and female age 67 for 30 term life…. Could send me a email

    Reply
    • Jeff RootJeff Root

      July 28, 2017 at 5:12 pm

      We sent you an email. However 30 year term on a 67 year old doesn’t exist. There are ways using guaranteed universal life insurance to structure it that way though.

      Reply
  3. AvatarEugene S Ryals

    November 18, 2019 at 8:04 am

    I was diagnosed with congestive heart failure in 2009 but have since had an I create in my EFR. I only take a beta blocker and blood pressure medication. I did have 3 stents in 2009 and last check showed no blockage. Do you think I could get insurance?

    Reply
    • Jeff RootJeff Root

      December 1, 2019 at 3:47 pm

      Hi Eugene,

      Yes, you can absolutely qualify for a final expense life insurance policy without any exams. Would need more info on your CHF if you’re looking for term coverage. Fill out a form on this page and we’ll go over your options after learning more about your health situation.

      Jeff

      Reply
  4. AvatarPHULCHAND CHOWDHARY

    November 30, 2019 at 4:08 am

    I am 67years old and I want to buy a term insurance policy for my family after my death. please help me. I am a permanent resident of INDIA.

    Reply
    • Jeff RootJeff Root

      December 1, 2019 at 3:48 pm

      You would need to take a medical exam and sign the life insurance application in the United States to secure coverage. Please reach out prior to your next trip to the states.

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Instant Life Insurance Quotes
  • Compare 20+ life insurance companies
  • Instantly view monthly payments
  • Your information is secure and never shared
“A+" Rated Carriers Quoted
On The Next Screen
By pressing "Display Quotes" button, you agree to our privacy policy & consent for an affiliated agent of Rootfin to contact you at the phone number entered on this webpage using an automatic dialing system.

Build Strong Financial Roots

Subscribe and receive our best financial tips that can help you today.

We guarantee 100% privacy. Your information will not be shared.
Rootfin

Categories

  • Life Insurance
  • Auto Insurance
  • Health Insurance
  • Disability Insurance
  • Other

Company

  • Home
  • Blog
  • About Rootfin
  • Contact

Legal

  • Terms of Use
  • Privacy Policy

© 2007-2019 Rootfin.com

100 Congress Ave, Suite 2000,
Austin, TX 78701
(888)430-7668

This site provides insurance information and quotes. The rates displayed are based on information provided by the insurance companies. It should be used for informational purposes only and is subject to change. No portion of Rootfin.com may be copied, published or distributed in any manner for any purpose without prior written authorization of the owner. We are insurance licensed in all 50 states & the District of Columbia.
Instant Life Insurance Quotes
  • Compare 20+ life insurance companies
  • Instantly view monthly payments
  • Your information is secure and never shared

“A+” Rated Carriers Quoted
On The Next Screen



By pressing “Display Quotes” button, you agree to our privacy policy & consent for an affiliated agent of Rootfin to contact you at the phone number entered on this webpage using an automatic dialing system.