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Senior Life Insurance

How much does life insurance cost for seniors?

Costs for seniors vary widely based on age, health, gender, coverage amount, and policy type, but small whole life or final expense policies commonly run $30 to $150 per month for coverage in the $5,000 to $25,000 range.

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Larger term policies, if available at an older age, can cost considerably more per thousand dollars of coverage compared to what a younger applicant would pay, since pricing reflects statistical life expectancy.

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Getting an actual quote based on your age and health is the only way to know your real cost, since general estimates can be misleading.

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