Life Insurance by Age – 66 Years Old

by Chris Huntley

When purchasing life insurance at 66 years old, the primary factor affecting your life insurance premium will be your health.  Whether you are fortunate enough to enjoy excellent health or have pre-existing medical conditions, at Huntley Wealth Insurance, we specialize in obtaining the most affordable policy for our clients in their 60’s.  And whether you need term insurance or whole life coverage, we have all the information a 66 year old needs for life insurance.

Sample Quotes for Life Insurance at 66 Years Old

Below I have provided sample quotes for a male or female in excellent health, who can qualify for the best insurance classification at the age of 66, which is “preferred plus non smoker”.  Please remember not everyone can qualify for the premiums below.  If you have any high risk medical impairments or are taking medications, call us for an accurate quote.

20 Year Term Life Insurance:

Death Benefit              $500,000         $1,000,000

66 Year Old Male       $5684/year      $10825 per year

66 Year Old Female   $3595/year      $7085 per year

Guaranteed Level Premiums for Whole Life:

Death Benefit                         $100,000         $250,000

Male – Age 66                        $2055/year      $5005 per year

Female – Age 66                   $1641/year        $4022 per year

These quotes are accurate as of 6/14/2011, but may be subject to increase.

What Changes at Age 66?

Once you are over age 65, you have one very good advantage when seeking life insurance as it relates to your build.  I know of at least two companies who have separate weight charts (and are more lenient) for individuals 66 and over.  For example, I recently got a preferred plus offer from Genworth for a 66 year old who was 5’6, 198 pounds.  The funny thing is if my client was 65 years old, he would not have been able to qualify for Genworth’s best class, and would have paid about a 15% higher premium.  The other thing that changes at age 66 is you can no longer purchase a 30 year term policy.  The longest term you can purchase is 20 years.

We are an independent agency, which means we find the lowest premium from all of our highly rated companies and present the best quote to you.  At 66 years old, many options are available to you, like 10 to 20 year term life insurance, and of course whole life as well.  When getting instant quotes for life insurance policies at 66 years old, remember all of our carriers are rated “A-” or better by A.M. Best.

Term or Whole Life Insurance at 66 Years Old

Some of my clients desire coverage for their whole lives at age 66, which means they buy a type of permanent insurance such as whole life insurance or universal life.  But the majority of my clients who purchase life insurance at age 66 only need coverage for 10, 15, or 20 years.  If this is your situation, term life insurance will suit you best.  Level term life insurance offers guaranteed level premiums for a period of 10 to 20 years at a substantial discount to whole life insurance.

We are the simple solution when searching for life insurance at 66 years old.  First, please use our quote form on the right to compare quotes from over 100 top providers.  As soon as you submit the request, your instant quotes will populate on the following page.  For life insurance at age 66, your greatest benefit will come by speaking with us directly.  Every person has a unique health history and unique life insurance needs, so please call us at 877-443-9467 for a free consultation.

*Written by Chris Huntley. Huntley Wealth Insurance and its representatives do not give legal or tax advice. Please consult your own legal or tax adviser.
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Chris Huntley
Chris Huntley is the owner of Huntley Wealth Insurance, a San Diego life insurance agency. You can find him on Google + and Facebook. Over the past 8 years, Chris has consulted with over 2000 individuals about their insurance needs. He is a proud husband and father to three adorable girls.
Chris Huntley
Chris Huntley

{ 3 comments… read them below or add one }

Jack June 15, 2011 at 6:24 pm


I agree! I think that we should take advantage of early life insurance


Gordon November 20, 2013 at 1:17 pm

I had to cancel my insurance cause of increases. Don’t they understand that the older one gets the less the elderly can afford? Yet they keep increasing the payments as you get older! So I have to explain to my fam why I did not have life insurance…..sigh


Kimberly Ely January 8, 2014 at 1:28 pm

Hello Gordon,

Yes, it is a shame that the very people that need the coverage most, are often the ones that cannot afford it! We do like to encourage our clients to get coverage sooner, while it’s still affordable, but we don’t often consider it until we reach “a certain age”. Best wishes for your continued good health!


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