Life insurance rates strongly depend on your gender (since women tend to live, on average, longer than men) smoking habits and coverage required. Choose a visual below that is the closet to your situation. Please choose smoker if you stopped smoking but, less than two years ago.

You can also explore the major reasons for people aged 60-69 to get life insurance.

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Life insurance rates for a female, 60-69 years old, non-smoker

Life insurance rates for a female, 60-69 years old, non-smoker
Two overviews below show the minimal life insurance premiums for a policy holder of Term 10 and Term 20 insurance products. It means that should a policy owner die during the next 10 / 20 years, the beneficiaries (e.g. family members) will receive the amount stated under the coverage. If a policy holder does not smoke, this will be reflected in the life insurance premiums – they are nearly two times lower than for smoking policy holders.

Approximate rates for a Term 10 life insurance policy
Age, years
CoverageYour age is… ->60616263646566676869
Coverage valid until age of …->80818283848586878889
$100,000$41$45$49$54$59$67$75$83$93$104
$200,000$76$83$91$100$110$126$143$160$181$203
$500,000$160$178$197$218$242$268$318$351$404$460
$1,000,000$314$348$386$428$475$527$631$697$804$932

Rates from November 2015

Approximate rates for Term 20 life insurance policy
Age, years
CoverageYour age is… ->60616263646566676869
Coverage valid until age of …->80818283848586878889
$100,000$80$89$99$110$122$137$150$166$182$201
$200,000$145$158$172$187$204$226$246$267$290$315
$500,000$337$377$411$449$490$543$591$643$699$761
$1,000,000$662$748$817$892$970$1,081$1,176$1,280$1,393$1,516

Rates from November 2015

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Do you have a particular pre-condition? Find out more about life insurance with HIV, life insurance with diabetes, life insurance with cancer, etc.


Life insurance rates for a male, 60-69 years old, non-smoker

Life insurance rates for a male, 60-69 years old, non-smoker
Two overviews below show the minimal life insurance premiums for a policy holder of Term 10 and Term 20 insurance products. It means that should a policy owner die during the next 10 / 20 years, the beneficiaries (e.g. family members) will receive the amount stated under the coverage. If a policy holder does not smoke, this will be reflected in the life insurance premiums – they are nearly two times lower than for smoking policyholders.

Approximate rates for a Term 10 life insurance policy
Age, years
CoverageYour age is… ->60616263646566676869
Coverage valid until age of …->80818283848586878889
$100,000$57$63$69$77$85$95$107$118$131$145
$200,000$100$120$134$149$165$186$207$229$255$283
$500,000$228$256$288$323$363$406$480$525$596$680
$1,000,000$449$504$565$635$712$798$925$1,046$1,187$1,297

Rates from November 2015

Approximate rates for Term 20 life insurance policy
Age, years
CoverageYour age is… ->60616263646566676869
Coverage valid until age of …->80818283848586878889
$100,000$120$133$148$162$179$197$225$248$274$301
$200,000$217$236$256$278$302$337$368$402$440$481
$500,000$499$558$608$661$719$801$874$955$1,043$1,139
$1,000,000$977$1,111$1,210$1,316$1,433$1,597$1,743$1,904$2,080$2,272

Rates from November 2015

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Do you have a particular pre-condition? Find out more about life insurance with HIV, life insurance with diabetes, life insurance with cancer, etc.


Life insurance rates for a female, 60-69 years old, smoker

Life insurance rates for a female, 60-69 years old, smoker
Two overviews below show the minimal life insurance premiums for a policyholder of Term 10 and Term 20 insurance products. It means that should a policy owner die during the next 10 / 20 years, the beneficiaries (e.g. family members) will receive the amount stated under the coverage. Smoker’s insurance rates are approximately two times higher than for those who do not smoke.

Approximate rates for a Term 10 life insurance policy
Age, years
CoverageYour age is… ->60616263646566676869
Coverage valid until age of …->80818283848586878889
$100,000$78$86$92$100$108$119$129$140$152$165
$200,000$150$163$176$190$206$229$251$274$297$324
$500,000$339$369$400$435$472$513$596$651$719$783
$1,000,000$662$720$785$854$931$1,013$1,150$1,298$1,431$1,558

Rates from November 2015

Approximate rates for Term 20 life insurance policy
Age, years
CoverageYour age is… ->60616263646566676869
Coverage valid until age of …->80818283848586878889
$100,000$137$150$160$178$193$209$245$270$296$326
$200,000$255$278$304$332$362$397$426$457$491$528
$500,000$589$656$731$810$878$977$1,050$1,128$1,212$1,303
$1,000,000$1,166$1,301$1,452$1,616$1,753$1,949$2,094$2,251$2,419$2,600

Rates from November 2015

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Do you have a particular pre-condition? Find out more about life insurance with HIV, life insurance with diabetes, life insurance with cancer, etc.


Life insurance rates for a male, 60-69 years old, smoker

Life insurance rates for a male, 60-69 years old, smoker
Two overviews below show the minimal life insurance premiums for a policy holder of Term 10 and Term 20 insurance products. It means that should a policy owner die during the next 10 / 20 years, the beneficiaries (e.g. family members) will receive the amount stated under the coverage. Smoker’s insurance rates are approximately two times higher than for those who do not smoke.

Approximate rates for a Term 10 life insurance policy
Age, years
CoverageYour age is… ->60616263646566676869
Coverage valid until age of …->80818283848586878889
$100,000$137$149$161$175$189$205$221$239$258$278
$200,000$267$291$316$343$372$403$436$471$509$549
$500,000$642$700$762$829$900$976$1,056$1,143$1,236$1,337
$1,000,000$1,274$1,388$1,511$1,645$1,792$1,944$2,106$2,280$2,466$2,666

Rates from November 2015

Approximate rates for Term 20 life insurance policy
Age, years
CoverageYour age is… ->60616263646566676869
Coverage valid until age of …->80818283848586878889
$100,000$227$256$278$300$320$341$385$413$443$475
$200,000$444$472$503$535$569$614$650$687$726$768
$500,000$1,042$1,137$1,211$1,291$1,376$1,487$1,576$1,671$1,771$1,877
$1,000,000$2,072$2,267$2,417$2,577$2,746$2,969$3,147$3,336$3,536$3,748

Rates from November 2015

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Do you have a particular pre-condition? Find out more about life insurance with HIV, life insurance with diabetes, life insurance with cancer, etc.


3 Main Reasons to get Life Insurance When you are 60-69

life-insurance-reasons-loved-ones1. Your significant other: Your significant other (e.g. husband, wife, partner) might need financial support should anything happen to you – he/she might also need help with some of your liabilities. Simply said, you want to take care of your loved one.
life-insurance-reasons-final-expenses2. Final expenses: An unexpected death could be a heavy burden on your family or your significant other, should they have to deal with all the final expenses / funeral and burial costs. These can reach $15,000-$20,000 – for more on final expenses check out our article. A small life insurance policy can take care of this potential burden on your family members.
life-insurance-reasons-estate-planning3. Estate planning: YYou might consider different life insurance solutions for estate planning. For example a last-to-die life insurance policy offers a tax-free benefit to your beneficiary. Joint last-to-die policies are created to offset some future tax liabilities (e.g. capital gains related to investments or taxes related to a RRSP). It also can be created to share funds, for example, into a charity.

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