Agent, Rural Mutual Insurance Co., Union Grove, WI
That is going to depend on many factors, the type of policy applied for and the amount of the policy applied for. Please contact a local agent to discuss the level of coverage and the type of policy that you are looking for. Providing a number would only be guessing and I wouldn't want to give you wrong numbers.
Agent Owner, Gilmore Insurance Services, Marysville, Washington State
How much is life insurance for someone 65? Any type of coverage will seem pricey to a younger person or a person expecting prices not to rise with age. Strangely many people do put off to 65 their purchase of a life policy. What they find is the cost is much higher than they thought. Most 65 year olds are no longer in tip top health so any underwriting discounts provided by good health will disappear, causing pricing to go upward.
Tough question to answer, because just like Larry & David mentioned above, it depends on a variety of factors, like how much you want, how long you want it in place for, your health, etc.
What I've noticed in my practice is that the desire to have life insurance is strong for baby boomers entering retirement around age 65, and we are able to creatively find ways to obtain coverage that meets their goals at a reasonable price. But since everyone's situation is different, it is always wise to speak with a trusted professional in your area to determine if you can find something that works for you!
For a 65 year old nonsmoking female 10 year term life insurance for $100,000 of coverage from a few leading life insurance companies is: super preferred is $393, preferred plus & preferred is $505, standard plus is $590, standard is $639.
Permanent guaranteed universal life for the same scenarios above is: super preferred is $1,300, preferred plus & preferred is $1,368, standard plus is $1,674.
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What I've noticed in my practice is that the desire to have life insurance is strong for baby boomers entering retirement around age 65, and we are able to creatively find ways to obtain coverage that meets their goals at a reasonable price. But since everyone's situation is different, it is always wise to speak with a trusted professional in your area to determine if you can find something that works for you!
Permanent guaranteed universal life for the same scenarios above is: super preferred is $1,300, preferred plus & preferred is $1,368, standard plus is $1,674.