I started Insurance Blog by Chris™ because I have a passion for insurance. Here at the blog, our job is to educate and inform people about the best insurance for them. Since then, we have grown into national brands with a large team of researchers helping people understand all forms of insurance.

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health insu...

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Reviewed by Rachael Brennan
Licensed Insurance Agent

UPDATED: Mar 24, 2021

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When purchasing life insurance at 62 years old, it’s important to understand how critical your health is to the life insurance approval process.

Whether you are fortunate enough to enjoy excellent health or have pre-existing medical conditions, 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 62 year old needs for life insurance.

Finding the Best Life Insurance at Age 62

62 year old couple purchasing life insurance

As an independent agency, we represent various life insurance companies, but our allegiance is to you.

When searching for life insurance at 62 years old, just about everyone takes some sort of medication, so it pays to have an agent find the life insurance company best for your particular medical history.

At 62 years old, all policy options are available to you, such as 10 to 20 year term life insurance, and thanks to Genworth, even 30 year term is now offered to individuals over age 60, and of course whole life as well.

Your only concern is obtaining the best priced policy with a financially secure company when getting instant quotes for life insurance policies at 62 years old.

RELATED: 5 Critical Tips You Must Know Before Buying Life Insurance

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Term or Whole Life Insurance at 62 Years Old

Some of my clients still need lifetime coverage at age 62, 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 62 only need coverage for 10, 15, or 20 years.

If this is your situation, term life insurance is the answer for you.  Guaranteed term life insurance offers level premiums for a period of 10 to 30 years at a lower cost than whole life insurance.

Sample Quotes for Life Insurance at 62 Years Old

See the sample quotes for a male or female in excellent health, who can qualify for the best insurance rating at the age of 62, which is “preferred best non-tobacco” rating class.

Please remember not everyone can qualify for the rates below.  If you take any medications or have any past or current medical conditions, call us for a more accurate quote.

20 Year Term Life Insurance:

Death Benefit$500,000 $1,000,000
62 Year Old Male$3285/year$6255/year
62 Year Old Female$2125/year$4055/year
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Guaranteed Level Premiums for Whole Life:

Death Benefit$100,000 $250,000
Male - Age 62$1612/year$3963/year
Female - Age 62$1322/year$3168/year
Get Your Rates Quote Now

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Please note quotes are subject to increase.  Also, remember your premium may be higher if you cannot qualify for the best rating class.

RELATED: Check Sample Life Insurance Rates by Age (No Personal Info Required)

How to Find The Best Life Insurance Rates at Age 62

Take the guesswork out of shopping for life insurance for 62 year olds.

First, please use our quote form on the right to compare quotes from over 100 top providers.  The instant you click on Compare Now, the next page will display your quotes without making you complete several pages of questions like some other life insurance websites.

For life insurance at age 62, you’ll also benefit greatly by speaking to us directly and sharing your personal story so we can shop your case for the best deal.

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