One huge misconception about life insurance as that is only available for younger people. This is not true at all, however. Actually senior citizens are usually surprised to find out that they can get affordable life insurance, even at 69 years old.
- Term Life Insurance Rates for 69-Year-Olds
- Which is the Best Type of Life Insurance Policy at Age 69?
- The Best Way to Find Life Insurance at Age 69
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.
Term Life Insurance Rates 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.
Rates for Men
Term life insurance for a 69 year old male “Preferred” health class (no or minor health issues), monthly rates:
Term life insurance for a 69 year old male “Standard” health class (controlled health issues), monthly rates:
Rates for Women
Term life insurance for a 69 year old female “Preferred” health class (no or minor health issues), monthly rates:
Term life insurance for a 69 year old female “Standard” health class (controlled health issues), monthly rates:
How to Get Low Rates at Age 69
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 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, so you can rest assured that they will be able to get you the best rates possible.
Which is the Best Type of 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 type of policy you need.
Common policies for people at age 69 include:
- Term Life Insurance
- Life Insurance with No Medical Exam
- Guaranteed Acceptance Life Insurance (for people with severe health problems)
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. This is called whole or permanent life insurance and comes in many forms.
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.
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 don’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.
The Best Way to Find Life Insurance at Age 69
The best way to apply for affordable life insurance for someone over 65 is to get quotes from multiple companies. If you don’t have the time to do the research yourself, work with a licensed independent life insurance agent.
An experienced independent agent will have worked with someone similar to your situation and know exactly which companies are best for you.
By filling out the quote form on this page, or calling, we will connect you with a licensed life insurance expert who can compare all the top carriers for your situation.
They’ll be able to help you every step of the way and answer all your questions. If you want life insurance at 69 years old, it can be quick and easy. Start by filling out our quote tool today!