Best Life Insurance at 67 Years Old [Must Read Guide]

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Is life insurance affordable at age 67?

This is a very common question 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.

Our best advice to anyone that needs looking for life insurance would be to use an online free quote tool, like the one we feature on our own website.  You can also see sample life insurance quotes below.

Term Life Insurance Quotes for 67 Year Olds

To give you a place to start, we have prepared some sample quotes for people in your age group.  Remember that these quotes are samples only, since rates fluctuate sometimes daily. This means you should use these quotes simply as a guideline but should refer back to the online quote tool or an agent for an up-to-date rate.

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

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

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

Term life insurance for a 67 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               $69         $93           $224         $421          $835
15 year term               $94         $147         $358         $692          $1236
20 year term               $164       $214         $492         $931          $1905

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

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

Term life insurance for a 67 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               $42           $58          $109          $213          $419
15 year term               $67           $96          $224          $429          $767
20 year term               $164         $133        $323          $608          $1208

Where to Find Cheap Life Insurance

Outside of this tool, the best way is to contact an independent life insurance agent who will contact to all of the best life insurance companies. The agent can find you quotes and also help you to compare them side-by-side. The quote tool works great though if you are in good health and provides you with accurate, up-to-date quotes.

If your health condition is not so great, then we will first have to qualify your help before being able to move on to doing any research on your behalf. Each life insurance company has a different process of how they evaluate risk, so we will need to contact each one of them individually to see who will give you the best rates.

Since we do this every day though, we are true professionals at it and always manage to get the best rates for our clients.

May the BEST quote win!

Compare life insurance rates within 1 minute

Selecting a Life Insurance Policy at Age 67

The first thing you are going to want to do is ask yourself a couple of questions. What do you need this life insurance policy for? Do you need it to supplement your income after you pass? Or do you need it to pay off some debts you feel might still exist once you pass?

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 right up until the day that they pass.

We know you may not want to spend the money on a life insurance policy but we have to say that having some coverage is better than having no coverage at all. We suggest you to pick an affordable plan that will still be able to help your family.

Consider These Other Policy Options

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 funeral and other final expenses, you can actually get an extremely affordable plan. Most people take out a policy for $10,000 – $25,000 to cover their funeral costs. The advantage of a policy like this is that your premiums will stay the same forever and you don’t even need to undergo a medical exam.

“Guaranteed Universal Life” Insurance can also be 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 let you have level premiums for the rest of your life. Policies such as this can even cover you for as little as $25,000 worth of coverage although you will need to undergo a medical exam.

If you are looking at getting 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.

Bottom Line

The best way to go about getting life insurance when you are over 65 is to contact an independent life insurance agency who will go around to all the top rated life insurance companies to get you the best rate.

We know that there is a lot of information here to process all at once so if you have any questions at all please contact us and we will be happy to help you. Also don’t forget to use our free quote tool to figure out how much your life insurance should cost.

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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Jane Pick

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.

September 12, 2016 at 6:39 pm
    Jeff Root


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

    October 16, 2016 at 5:09 pm
Gladys jones

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

July 9, 2017 at 5:47 pm
    Jeff Root

    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.

    July 28, 2017 at 5:12 pm
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