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

Most people ask the same question when they call us, “how much is my life insurance going to cost?” To help you out, we are going to give you some generic quotes for coverage.

Before you start looking at the numbers, these are all non-smokers rates.

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 partner with an independent broker. If you’re in excellent health, then you can use our quote form on the side.

If you aren’t in such good health such as someone needing the best term life insurance for diabetics, we will have to gather some information before we start shopping. We need to know what your health is because we can help you find the best coverage. Each company has different standards, we need to know where you fall before we can connect you with the lowest premiums.

Our agents are experts on policies for people 61 and older 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?

Before you can decide which plan is best, you need to know why you’re buying the life insurance policy. If you don’t know why you’re buying life insurance, you’ll have no idea what kind you need.

Term length is another important thing to think about as well. While some policyholders only need 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 it’s better to have a small plan than no plan 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

For anyone who is over 60 looking to get life insurance, it will probably be expensive to get whole life insurance depending on the policy you’re after. If you just need an insurance plan to pay for your burial, then you can get a funeral insurance policy.

These are much smaller insurance policy which donen’t expire. Because you get less coverage, the premiums are small, and you don’t have to take a medical exam.

The other type of coverage is a Guaranteed Universal Life plan. Everyone is accepted for these policies, regardless of health. All you have to do is apply, and you will have coverage. Like with burial insurance policies, these plans are only going to give about $25,000 worth of insurance coverage.

Bottom Line

We always tell our clients, if you want cheap life insurance policy for anyone over 65, get in touch with us. Why us? Because we can give you quotes form 60 companies at once. We will save you time while finding you the cheapest plan.

If this article didn’t answer your questions, or it left you with more questions, please give us a call or use the contact form. This is the easiest way to get all your questions answers. If you want life insurance, it’s easy. The first step of finding a quote is using the free tools like we offer right on our website.

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.

This entry was posted in Life Insurance In Your 60s. Bookmark the permalink.

Leave A Reply