Life Insurance for People Over 60

Old Man by Mrhayata
Those over 60
can get life insurance.
Photo by Mrhayata

Life insurance for people over 60 can range in cost significantly from company to company.

Insured over 60 have a choice between term coverage, which starts off lower in cost and increases as the insured gets older, and permanent life insurance, which starts off at a higher cost but never increases as the insured gets older.

The following is sample pricing for 60- and 65-year-old, male non-smokers:

Depending on the insurer he chooses, our 60-year-old, male non-smoker has the following premiums to choose from:

$100,000 of Term 10 from BMO Insurance costs $51.57 a month.

$100,000 of Term 20 from AXA Insurance costs $109.17 a month.

$100,000 of 15-Pay Whole Life coverage Union of Canada costs $291.45 a month.

For the 65-year-old, male non-smoker, the plan could cost the following:

$100,000 of Term 10 with BMO insurance costs $84.69 a month.

$100,000 of Term 20 with AXA insurance costs $183.69 a month.

$100,000 of Whole Life 15-Pay coverage with Union of Canada costs $377.63 a month.

For more details on life insurance for individuals 60 and over, please contact us at 1-866-899-4849 or visit our Term Life Insurance or Whole Life Insurance Instant Quote Pages.

Call us: 1-866-899-4849

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4 Comments

  1. Gregory L 07/26/2014 at 10:18 pm

    Hi.
    I am in excellent health – non-smoker, exercise regularly, no health problems whatsoever, and I have a healthy diet/lifestyle.
    I want to purchase a $250 000 Whole Life policy.
    Could you respond at the above email address?
    Thanks.
    Gregory

  2. LSM Insurance 07/27/2014 at 3:44 pm

    Thanks Gregory. We are happy to help and will be in touch soon.

  3. RK 09/22/2015 at 11:36 pm

    I am 67years old I would like to buy life insurance of one hundred thousand , can u please refer to my above email

  4. LSM Insurance 09/27/2015 at 6:44 am

    We are happy to help out and will be in touch by email. Our toll free number is 1-866-899-4849 if you would like to reach us.

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