50 Thousand Dollars Life Insurance
The best way to get the most favorable rates on a $50,000 life insurance policy is to compare rates amongst 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. Some are more familiar with certain situations, for example, like 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 premiums for your situation.
$50K is not a huge amount of money, so being approved may not be too difficult. Plus, you could always go with a guaranteed issue policy that gets approved without a medical exam or visit from a medical professional.
These policies are perfect to pay for final expenses like a funeral and paying off some debts.
How Much Does a 50 Thousand Dollar Policy Cost
The policy premiums will depend on many factors like: age, health condition, tobacco user, previous illnesses, risky activities, etc.
The policy rates will vary a lot depending on some major factors like, your health, your age, tobacco or drug use, previous medical conditions.
- Age: As you can imagine, this is the most important factor - the older you are, the more money you will pay in premiums.
- Health: Your health status is also very important in determining your rates. If the insurance company knows you have a medical condition that will lower your life expectancy, your rates will be high, or you can be denied coverage.
- Tobacco use: If you smoke or chew tobacco, expect to pay 3-4 times more that someone that does not use tobacco products.
- Previous health conditions: If you had certain health problems like heart disease, cancer, anxiety, insurance companies are hesitant to insure you.
Get a $50,000 life insurance quote today!
Monthly average costs for a $50,000 term life insurance policy, for a period of 10 years, for a woman in good health and non-smoker:
| AGE | $50,000 |
| 65 years old | $40.25 |
| 66 years old | $43.80 |
| 67 years old | $45.85 |
| 68 years old | $50.10 |
| 69 years old | $53.84 |
| 70 years old | $58.72 |
| 71 years old | $64.90 |
| 72 years old | $68.25 |
| 73 years old | $75.83 |
| 74 years old | $84.25 |
| 75 years old | $94.18 |