Average Cost Of Term Life Insurance For 50 Year Old

A 10 year term policy usually has the lowest rate.

Average cost of term life insurance for 50 year old. For a healthy person between the ages of 18 and 70 life insurance costs an average of 67 88 a month for a 20 year 250 000 policy. 10 year term life insurance rates by age. Some common high risk medical issues that could drop the applicant even further down in terms of ratings could be type 2 diabetes obesity a history of heart disorders such as a replaced valve coronary artery disease or the need for a pacemaker. You should think of this number strictly as a baseline your own rates for life insurance will change depending on your age the insurer you choose and the amount of coverage that you find is right for your family.

According to our research a 50 year old man in good health could get a policy from legal general for around 74 39 a month. For example a 15 year 250 000 haven term policy would start out at about 45 per month for a 50 year old man in excellent health. 250 000 male female. For a 50 year old standard non smoker seeking term life insurance select regular on our instant quote form.

We ve found that the average cost of life insurance is about 126 per month based on a term life insurance policy lasting 20 years and providing a death benefit of 500 000. An older male can expect higher rates. Use our comparison tool for a personalized quote. A 10 year level term policy for a 55 year old man non smoker in good health in the amount of 500 000 will cost around 80 per month from a a rated company.

These life insurance rates are for a healthy 50 year old male. By waiting 20 years until age 50 rates for a 20 year 500 000 term life policy will more than triple. Let s look at the cost of a 20 year term life policy with 500 000 of coverage for a man in perfect health. 100 000 male female.

In your 50s term life insurance coverage is going to be by far your more affordable option. You can get a free life insurance quote to find out the exact life insurance rate you ll pay will come down to factors like your age health and lifestyle. Check out these examples of life insurance rates for people over 50. A 20 year 500 000 term life insurance policy will cost about 100 more per year.

In the tables below we ve illustrated the cost of a 35 year term policy for male and female applicants in average to excellent health. Average cost of 35 year term life insurance policy.