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.

Full Bio →

Written by Chris Huntley
Founder of Huntley Wealth & Insurance Services Chris Huntley

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...

Full Bio →

Reviewed by Rachael Brennan
Licensed Insurance Agent Rachael Brennan

UPDATED: Nov 19, 2021

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.

Many people ask us if they can still buy term life insurance in their sixties.

Yes, you can!

But as you grow older, the risk to the provider is greater.

So, the question, “Can you find affordable life insurance over 60?” isn’t cut and dried.

Let’s take a look at the numbers right now to really get an idea of what this means to you in terms of dollars and cents.

Term Life Insurance Quotes for 60 to 69 Year Olds

We are the experts at helping you find the lowest premiums from the highest-rated life insurance companies.

Here are some sample rates... I used Prudential because they’re a top tier insurer that you’re probably familiar with:

Sample 10 Year Term Rates by Age Chart: 60 – 69 Years Old

Age$100,000 $250,000 $500,000 $1 Mil
60 Year Old Male$44.01$71.31$135.19$246.31
61 Year Old Male$46.55 $77.66$147.88 $272.56
62 Year Old Male$50.14$85.97$164.50$303.19
63 Year Old Male$54.16$95.16$182.88$341.69
64 Year Old Male$59.15 $107.19$206.94$391.56
65 Year Old Male$65.01$121.41$235.38$450.19
66 Year Old Male$71.05$136.50$265.56$513.19 
67 Year Old Male$78.84$152.69$297.94 $574.44
68 Year Old Male$87.59 $172.16$336.88$647.94
69 Year Old Male$97.65 $194.03$380.63$729.31
Get Your Rates Quote Now

Compare RatesStart Now →

So what about 20 year term?

Sample 20  Year Term Rates by Age Chart: 60 – 69 Years Old

Age$100,000 $250,000 $500,000 $1 Mil
60 Year Old Male$65.19 $140.88$274.31$510.56
61 Year Old Male$72.01$157.50$307.56$570.06
62 Year Old Male$79.80 $176.09$344.75$634.81
63 Year Old Male$89.16$197.75$388.06$712.69
64 Year Old Male$99.75$222.91$438.38$801.06
65 Year Old Male$111.48$251.78$496.13$903.44
66 Year Old Male$124.16$281.97$556.50$1,006.69
67 Year Old MaleNA NANANA
68 Year Old MaleNANANANA
69 Year Old MaleNANANANA
Get Your Rates Quote Now

Compare RatesStart Now →

Like many other providers, Pruco doesn’t offer 20 year term to clients over the age of 67.

Age Cutoffs

Think about it. It makes sense that there would be a cutoff. You’ll be 87 YEARS OLD at the end of a 20 year term if you’re 67 when you buy the policy. Which means there’s a stronger chance the insurer will have to pay out.

This does NOT, however, mean you can’t get 20 year term.

You Can Still Get a 20 Year Term Policy at 67 – 69 Years Old

Let’s take a look at some rates from Banner Life:

Age$100,000 $250,000 $500,000 $1 Mil
67 Year Old Male$147.75$326.71$625.48$1,222.15
68 Year Old Male$168.13$373.13$720.34$1,417.11
69 Year Old Male$189.37$429.05$838.84$1,660.66
Get Your Rates Quote Now

Compare RatesStart Now →

20 year term until 69?! YEP. This is exactly why you should always consult an independent life insurance agent. Because we’ve got lots of tricks up our sleeves to save you $$ and time.

Would you like a quote for a different amount or at a different health rating?  Use our form to the right or below:

Enter your ZIP code below to view companies that have cheap insurance rates.

secured lock Secured with SHA-256 Encryption

Health & Habits Affect Your Premiums after Age 60

An underwriter assesses health and habits to determine what his monthly payments will be. Here are the results for three very different sets of circumstances:

60 Year Old Male Non-Smoker with Preferred Plus Rating

  • Rate per month: $114.00
  • Cost over 20 year term: $27,360.00

60 Year Old Non Smoking Client with a Standard Rating

  • Rate per month: $205.00
  • Total cost over 20 year term: $49,200.00

60 Year Old Smoker with a Standard Rating

  • Rate per month: $467.00
  • Total cost over 20 year term: $112,080.00

Wow! As you can see those premiums differ SUBSTANTIALLY! The monthly numbers mask just how much more you’ll pay if your health is not up to snuff or if you smoke.

To put it into perspective, over the 20 year term a healthy client with a preferred plus rating will pay a staggering: $84720.00 LESS than a client in standard health that smokes.

Compare Rates Now!

How Much Term Insurance Does Someone in their 60s Need?

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.

When you are younger, every type of life insurance is available to you from 10 year term to 30 year term, and even 40 year term (only a few carriers offer this at younger ages.)

Now that you’re in your sixties, however, you may wonder if all term lengths are available to you.

Unfortunately, once you hit age 60, you can no longer buy 30 or 40 year term.  You can however, buy 10, 15, 20 and 25 year term life insurance up to 65 years old.  Once you hit 66 years old, you can only buy 10, 15, and 20 year.

How to Determine the Type of Insurance You Need at 60 – 69

  • Will you still need this coverage 10 to 20 years from now?
  • Are you still working?  – If so, perhaps you only need term until you retire.
  • What is your budget?  – Term is cheaper than permanent coverage, and you can buy a lot more term coverage for the same premium as permanent coverage.
  • Do you have an estate planning need?

If your answers to these questions point to a shorter term need for coverage, I would recommend term life insurance.  If you would like coverage through age 95 or older (lifetime coverage), I’d recommend requesting a quote for a Lifetime policy.

Top Reasons to Purchase Life Insurance at Age 60

Life has changed a LOT in the last few decades! People are living longer and taking on more in their later years.

For example, my Mom has a new career! There are more responsibilities for life insurance for over 6o year olds:

  • Retirement planning
  • Social Security funding
  • Medicare or Medicaid
  • Leaving a Legacy
  • Family Obligations
  • Debt, including mortgages
  • Business Obligations

Here are the top reasons people are looking for life insurance after 60, and how we might be able to help:

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.

Estate Planning

You may need to add liquidity to an estate filled with real estate or business holdings, you may need the insurance to pay for estate taxes (state or federal).


You don’t care how old you are when you pass.  You want to leave something to your family.

Business Insurance

Quite possibly you need Key Man Insurance or a Buy-Sell Agreement.

Used in Conjunction with a Trust

Common uses are to fund an AB or Bypass trust, or Irrevocable Life Insurance Trust.

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

Cover a Loan

Perhaps you have some debt or a mortgage, that you don’t want to leave your spouse or children saddled with upon your passing.  Life insurance is a wonderful tool to use to take care of these obligations when you die.

Single or Joint Annuity

Say you’re 68 years old and your wife is 62. Upon your retirement you’re given the option of taking $40,000 per year single annuity payment for your life or a joint annuity payment of $30,000 for you and your wife.  You might purchase life insurance and take the single annuity.

Social Security

Perhaps you or your spouse are trying to decide whether to take social security income as soon as it’s available at 62 or wait until your 63rd, 64th, etc. birthday.

Full retirement age is  67.  You may need some coverage for you or your spouse once you’re on a fixed income.  Life insurance could be helpful in the event one of you passes prematurely.

Those are some GREAT reasons to get life insurance for 60 and over, but I want to see the numbers in black and white. Is this gonna break the bank?

Enter your ZIP code below to view companies that have cheap insurance rates.

secured lock Secured with SHA-256 Encryption

How to Apply for Life Insurance at 60 – 69 Years Old

To apply for coverage, this is the process.

  1. Get Your Best Quote
  2. We’ll help you apply over the phone or send a written application
  3. You will likely need to take a medical exam
  4. Approval takes approximately 4-6 weeks, on average
  5. You pay your first premium and make your policy effective

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

Get A Quote

Affordable Life Insurance Rates at 60 – 69 Years Old

We specialize in helping people purchase affordable term life insurance especially those who are between the ages of 60 to 69.

We do this by helping you find the best insurance company for your needs instead of trying to fit you into a “one size fits all” type of policy.

We can also help you determine the type of coverage you need and show you want to do if you have a medical condition or take medication. You also may not know how long you want or need coverage.

Saving Tips for Age 60 – 69 and Beyond!

Adjusting the face value of your policy is a GREAT way to save money.

Although I talk a LOT about people being under-insured – because this is a serious issue – you don’t want to over insure yourself either. The higher the face value the more costly your premiums are. So if you are simply trying to cover a student loan it’s unlikely you’ll want a $1 million policy.

If you take a look the difference you’ll see why it’s so important to properly assess your needs. 

The same 63 year old male that we talked about above would only pay about $96.00 per month for $250K in coverage. If he opted for $1 million in coverage he’d pay $350.00 in premiums. Whoa!

There are lots of options. To get more information, call our agents today!

If you have medical issues, don’t let this dissuade you from calling us today. In my experience, this is the one thing that keeps clients from picking up the phone. They think that they will be denied access to life insurance, so they skip it altogether.


We’ve found life insurance for people who are high risk and thought there wasn’t a chance they would find a company to offer them a policy.

You don’t have to go for costly no exam insurance. Call our experienced independent agents today and we can work with you to find the BEST possible insurer for your unique circumstances.