Term Life Insurance 60-69 Years Old

At Huntley Wealth Insurance, we specialize in helping individuals ages 60-69 years old purchase affordable term life insurance.  You may have found us on the internet because you take medications for high cholesterol or high blood pressure, or have some other medical impairment or smoke cigarettes or cigars, or perhaps you’re a healthy non-smoking male or female searching for a great deal.  However you come to us today, we are the experts at helping you find the lowest premiums from the highest rated life insurance companies.

Term Life Insurance Quotes at 60-69 Years Old

Age                   $100,000    $250,000    $500,000   $1 Million
60 Year Old Man    $28.62    $61.12     $117.02    $216.72
61 Year Old Man    $31.15    $67.21     $129.20    $248.76
62 Year Old Man    $35.32    $71.89     $137.07    $267.43
63 Year Old Man    $39.67    $82.05     $157.08    $307.12
64 Year Old Man    $43.24    $94.76     $182.19    $350.22
65 Year Old Man    $49.02    $107.02   $206.41    $388.49
66 Year Old Man    $54.03    $120.31   $254.07    $430.52
67 Year Old Man    $59.25    $131.69   $257.69    $463.86
68 Year Old Man    $63.34    $143.33   $278.84    $501.48
69 Year Old Man    $67.60    $153.99   $299.72    $553.64

(Life Insurance Premium Quotes based on healthy, male, non-smoker for 10 Year Guaranteed Level Term, as of 9/7/2010, subject to change)

What Length of Term Insurance Should Someone in his Sixties Purchase?

If you are currently working and need the term life insurance to replace lost income in the event of your death, think about how many years you plan to work, and cover yourself for at least that length.  Typically in your sixties, just 10 – 15 years will suffice, and the average cost of purchasing a shorter term policy will be lower than a longer term contract.

Your reason for purchasing life insurance may be more long term, however.  Perhaps you need the coverage for estate planning, such as to fund a bypass or A-B Trust.  Perhaps there is no need for coverage, per se.  You simply want to leave an inheritance.  For longer term goals, I recommend purchasing a term policy which will provide coverage into your eighties or nineties.  This will most likely be a 20 year term or 30 year term policy.  (Note: You can now get a 30 Year term policy all the way up to age 65, and the rates kick the pants off whole life or any other permanent policy!)

Whole Life Insurance 60-69 Years Old

Still, there are those for whom a 20 or 30 year term policy will not suffice.  If your parents lived into their eighties or nineties, you might consider purchasing a whole life or universal life insurance policy.  These are permanent policies designed to provide coverage to age 100, or in some cases, up to 120.  The main difference between whole life and universal life insurance is the premiums.  Whole life costs about double what universal life costs typically.  However, since whole life policies charge so much more premium, they also typically grow in cash value much better than in universal life insurance.

For whole life insurance quotes, call us at 877-443-9467.

For universal life insurance quotes, Term Life Insurance Rates, or return of premium quotes, use the Instant Quote Form on the right.

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