Life Insurance Rates Are as
Cheap as They Ever Been!
Get Your Quote Today!

Life Insurance 70+

Common Life Insurance Amounts For Age 70 and Over:

$10,000 $15,000 $20,000
$25,000 $30,000 $40,000
$50,000 $75,000 $100,000
$250,000 $500,000 Other Amount


One of the most difficult factors facing an older man or woman involves obtaining life insurance in their seventies. Companies tend to become extremely selective when offering life insurance to someone who is very quickly approaching the average life expectancy (78.5 years of age). Often, a group like AARP is your biggest ally when it comes to finding affordable insurance.

CLICK HERE to see if you qualify!

Looking at sample rates through AARP, you'll find it is clear that the insurance coverage you desire dictates monthly rates. For example, a $15,000 term life policy for a woman will cost $112 a month. A $50,000 policy for a woman comes with monthly payments of $323. Meanwhile, men pay even more. A seventy-year-old man will pay $126 a month for $15,000 in coverage and a $50,000 policy costs $366 a month. You must decide how much coverage is needed and what you can comfortably afford.

Obviously, the best way to purchase a life insurance policy is by starting young (30s, 40s, 50s, 60s). However, many term life policies expire after twenty years. This leaves you to purchase a new policy. If you've purchased the initial policy in your thirties or forties, you are now faced with finding a reasonable rate at an older age. It is still possible, however, to find a policy that works for you.

Companies like Select Quote do the research for you. They are linked to dozens of life insurance companies and take your questionnaire answers to find you the lowest possible rate. Once you have a suitable list, try calling the companies directly. Select Quote does make money off commissions by referring you to other life insurance companies, so their ultimate goal is to get you to sign up with a policy from their site. You can often find a lower rate by calling the company directly. It is advisable to give Select Quote or companies like it a cell phone number so that they are not calling your home phone day and night.

If you deal directly with a life insurance agent, they might try to push you into a whole life policy in effort to keep rates from going up after five or ten years. It's a game of chance in the end. Your payments might be double what you'd pay for term life, and if you die before a term life would have been up, you've wasted that extra money. If you do not die, you will face a large jump in monthly payments when you renew.

Average Life Insurance Costs For People In Their Seventies

  $100,000 $200,000 $300,000 $500,000 $1,000,000
70 Year Old Female $58.42 $108.11 $157.89 $248.05 $481.15
71 Year Old Female $64.11 $119.53 $183.83 $275.10 $533.45
72 Year Old Female $70.93 $134.25 $214.49 $307.90 $598.15
73 Year Old Female $80.55 $153.29 $242.93 $353.80 $689.22
74 Year Old Female $90.10 $171.65 $288.71 $398.25 $779.95
75 Year Old Female $101.62 $197.59 $341.38 $455.50 $889.75


  $100,000 $200,000 $300,000 $500,000 $1,000,000
Age 70 Male $116.59 $229.79 $246.75 $405.70 $745.99
Age 71 Male $132.28 $262.96 $277.33 $460.29 $853.81
Age 72 Male $150.75 $296.21 $316.41 $524.56 $980.89
Age 73 Male $171.88 $336.56 $363.34 $603.31 $1136.25
Age 74 Male $194.18 $382.76 $421.84 $700.44 $1327.69
Age 75 Male $222.31 $435.64 $493.12 $819.44 $1,564.81