Life Insurance for People Over 60

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.

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  • RK
    September 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

    • LSM Insurance
      September 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.

  • Gregory L
    July 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

    • LSM Insurance
      July 27, 2014 at 3:44 pm

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