Life Insurance

Best Life Insurance for 50 to 59 Years Old

Written by Julia Anderson

 

AGE

​USD 100,000

​USD 200,000

​USD 300,000

​USD 400,000

50 Year Old Male & Female

$14.15

$25.43

$28.56

$​37.75

51 Year Old Male & Female

$15.06

$​27.19

$​31.43

$​40.92

52 Year Old Male & Female

$16.05

$29.30

$34.57

$​44.79

53 Year Old Male & Female

$17.13

$31.59

$38.00

$​49.37

54 Year Old Female & Male

$18.31

$34.41

$41.75

$​55.65

55 Year Old Female & Male

$19.60

$38.63

$45.83

$​60.28

56 Year Old Female & Male

$21.01

$40.74

$49.94

$​65.91

57 Year Old Female & Male

$22.54

$44.44

$54.40

$​71.90

58 Year Old Female & Male

$24.20

$48.66

$59.23

$​78.98

59 Year Old Female & Male

$26.28

$52.56

$65.29

$​87.06

Over 50 Life Insurance

Life Insurance Over 50 years of age is really important these days.  The reason for this is because in general, your risks of diseases increases as you get older.  Many people thus think over 50 life insurance clients pay sky-high premiums, but if you are in good health when you apply for life insurance, you need not pay a fortune.

Over 50 to 59 Years Old Life Insurance Plans

If you are over 50 and looking for life insurance, there are a wide variety of over 50 life insurance options available to you:

Fixed Plans – With a fixed plan you agree on a fixed amount that will be payable to your family when you pass away.

Increasing Plans – These types of plans are similar to fixed plans, except that the amount payable increases with inflation.

Funeral Plans – If your main concern is the cost of your funeral, you can get a funeral plan that will pay all the funeral costs when you pass away.

Critical Illness Cover – If it happens that you get hurt or are diagnosed with an illness and you cannot work to provide for your family anymore, this type of cover will pay you and your family usually on a monthly basis.

Term Life Insurance – Term life insurance over 50 can also be a good idea for some people.  With a term life insurance plan you can choose the amount of years you want to be covered for, whether it’s 10, 20, 30 and so on.  If it happens that you pass away in this term, your insurance money will pay out.  The negative side of this type of insurance is that it doesn’t build value.  What this means is that if you do not pass away in the specified term, you do not get any money back.  However, one can extend your policy at the end of the term in some cases.

Why Should I Get Life Insurance Over 50?

Remember, when you apply for life insurance when you are healthy, your premiums are much lower.  Therefore, get life insurance while you are in good health.

If you and your partner both receive an income, it is easy to pay the bills.  But what if you or your partner should pass away?  Will it still be possible to pay the bills?  If not, Life Insurance can help to take care of the bills if this may happen.

Over 50 life insurance cover can usually also secure you against the loss of your pension.

Life Insurance can cover the expenses of you or your partner’s funeral, which is the last time one should have to worry about finances.

Life insurance can take away your financial stress.

How Can I Get Life Insurance Over 50 Years of Age?

On this page we have provided some banners and links to websites that offer over 50 life insurancequotes.  Visit these sites and get a few quotations.  The final step is to choose the policy that best suits your needs at the lowest possible rates.  That’s it!

Conclusion

Remember, you will be paying for life insurance the rest of your life.  Make sure you get the lowest possible premiums.  Also, sickness or accidents usually happens at the most unexpected times.  Therefore, while you are still healthy, make sure you get life insurance so your family will be well looked after when you are not here anymore.

Go and get your over 50 life insurance quotes now!

https://www.insuranceblogbychris .com/free-quote/

About the author

Julia Anderson

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