Life Insurance for 60-69 Year Olds

by Chris Huntley on June 4, 2010

At Huntley Wealth Insurance, we specialize in understanding and meeting the life insurance needs of individuals ages 60-69.  Whether you are coming to us as a healthy, non-smoker, or if you have medical conditions such as diabetes, previous bouts with cancer or heart troubles, overweight, or are a smoker, we are experts at helping you find the most affordable premiums from the highest rated insurance companies.

Monthly Premiums for Healthy Male, Ages 60-69 Years Old

Age                      $100,000   $200,000  $300,000   $400,000
60 Year Old Male   $28.62    $52.03    $72.30       $94.66
61 Year Old Male   $31.15    $55.57    $79.61       $104.40
62 Year Old Male $35.32    $58.82    $84.92       $110.99
63 Year Old Male   $39.67    $67.04    $97.05       $127.07
64 Year Old Male $43.24    $77.27    $112.24     $147.22
65 Year Old Male   $49.02    $87.14    $126.90     $166.65
66 Year Old Male $54.03    $99.29    $145.11     $190.94
67 Year Old Male   $59.25    $111.13  $158.17     $208.71
68 Year Old Male   $63.34    $120.15  $170.69     $225.42
69 Year Old Male   $67.60    $128.67  $183.48     $242.47

(10 Year Level Term Life Insurance Quotes – Premiums based on healthy, male, non-smoker.  Rates valid as of 6/4/10, subject to change)

Reasons Life Insurance is Needed in Sixties

  1. Income replacement – You’re still working and want to leave your spouse, partner, or children a death benefit.  Term Life Insurance is probably your best choice for income replacement.
  2. Estate Planning – You may need to add liquidity to an estate filled with real estate or business holdings, or after 2010, you may need the insurance to pay for estate taxes.
  3. An Inheritance – You don’t care how old you are when you pass.  You want to leave something to your family.
  4. Business Insurance – For Key Man Insurance or Buy-Sell Agreement
  5. Used in conjunction with a Trust – Common uses are to fund an AB or Bypass trust, or Irrevocable Life Insurance Trust.

INSTANT QUOTES FOR 10, 15, 20, 25, AND 30 YEAR TERM, RETURN OF PREMIUM AND UNIVERSAL LIFE AVAILABLE TO THE RIGHT.

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{ 5 comments… read them below or add one }

HARRY SMITH February 2, 2011 at 12:33 pm

I AM LOOKING FOR LIFE INSURANCE FOR AN 85 YEAR OLD WOMEN.

Reply

Ron Aiello April 6, 2011 at 9:29 am

I am looking for 20 yr. term life insurance. I am non-smoker, 5’8″ 175lbs, good health with HBP and Cholesterol both controlled with meds. No major illnesses in last 10 years. Seeking $50,000 policy.

Reply

Larry Sprague April 18, 2011 at 10:56 am

Rates for 66 year old man……$100,000

Reply

Debbie May 13, 2011 at 6:19 pm

I am interested in what a term insurance policy for 200,000 would cost for a 62 year old male, who is on BP medication, with controlled BP, and no other health problems, and is a non smoker? Would it be what the rate chart shows above? if the rates haven’t changed since then?

Reply

Chris May 17, 2011 at 1:29 pm

Hi Debbie,
Yes it would be very close. Many companies allow treated BP in their best class, which is quoted above. You should also keep in mind that some non-health related issues can affect your rating, such as hazardous travels, occupation, or hobbies, or a family history of cancer or heart disease. To get an accurate quote, you’ll want so speak to us for a few minutes. 877-443-9467. Thank you.

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