The best way to get the most favorable rates on a $50K life insurance policy is to compare costs among many insurers. The days of an agent coming over your home and giving you quotes from only one company are done with, now everything is done online.
"You get the best rates when many companies quote you"
Insurance companies are not all the same, that's why it's good to quote several insurers. Some are more familiar with certain situations, for example, diabetes, and are able to offer better rates than others.
Because it's so easy to get a few quotes online, it's worth it to shop around in order to get the best rates for your situation.
$50K is not a huge amount of money, so being approved may be fairly easy. Plus, you could always go with a guaranteed issue policy that gets approved without a medical exam or visit from a medical professional - usually a nurse. These policies are perfect to pay for final expenses like a funeral and paying off some debts.
Your life insurance premiums will vary a lot depending on some major factors, like your health, your age, tobacco or drug use, previous medical conditions, family history of disease.
|65 year old woman||$40.25||$483.00 per year|
|66 year old woman||$43.40||$520.80 yearly|
|67 year old woman||$45.85||$550.20 per year|
|68 year old woman||$50.20||$602.40 yearly|
|69 year old woman||$53.84||$646.08 per year|
|70 year old woman||$58.92||$707.04 yearly|
|71 year old woman||$64.90||$778.80 per year|
|72 year old woman||$68.35||$820.20 yearly|
|73 year old woman||$75.63||$907.56 per year|
|74 year old woman||$84.55||$1014.60 yearly|
|75 year old woman||$94.18||$1130.16 per year|
|65 year old man||$54.35 per month|
|66 year old man||$59.13 monthly|
|67 year old man||$61.79 per month|
|68 year old man||$67.65 monthly|
|69 year old man||$72.58 per month|
|70 year old man||$79.27 monthly|
|71 year old man||$87.72 per month|
|72 year old man||$92.20 monthly|
|73 year old man||$102.47 per month|
|74 year old man||$113.83 monthly|
|75 year old man||$128.20 per month|