Life insurance at 67

It may surprise you that it is quite common for people in their sixties to purchase life insurance. Life insurance coverage is not just for young folks with kids to raise and a mortgage to pay off. If you have people who rely on your financial support, then life insurance at 67 is a smart move.Life insurance at 67

We will talk about why you need life insurance is just a bit, but first a few words of assurance about cost. Contrary to what you may have heard, life insurance at 67 is often very affordable. Check out the sample premiums we show at the end of this post and notice that the shorter term policies have very reasonable monthly premiums.

We will quickly discuss four common life insurance questions here and then we have four tables set up with sample quotes for a 67-year-old male and female.

What is term versus permanent life insurance?
Why do I need life insurance at 67?
How much life insurance do I need?
How much does life insurance at 67 cost?

These are just some basics to get you ready to talk to an independent agent from Ogletree Financial Services.

Don’t be like the procrastinating couple in the Nationwide commercial, inventing endless reasons to avoid planning for your financial future. Start today!

Getting started is easy!

  • Give us call at 1-800-712-8519!
  • Leave us a message on our contact page to get a custom quote!
  • Use the free term quoter on the left side of this page!

Life insurance at 67What is term versus permanent life insurance? 
This is something that confuses many people. First of all, what all life insurance has, term or permanent, is the death benefit. The death benefit is the amount paid to your beneficiaries in the event of your death.

Term life insurance has simple, straightforward contracts with low premiums, but offer coverage that will expire at the end of your contract. Many clients seeking life insurance at 67 can take care of their life insurance needs with a relatively inexpensive term policy.

Permanent life insurance offers a death benefit that never expires and each policy features an interest-earning cash account. This makes these policies more expensive than term, but the interest you earn is tax-free and your access to your funds is very generous through withdrawals and policy loans.

Permanent life insurance plays an important role in the financial portfolio of many of our clients. But that is not for everyone, and like I said, many of those seeking life insurance at 67 can meet their needs with a simple term policy.

Interested in permanent life insurance? Look for some links we have to articles about indexed universal life (IUL) that can show how these policies work. Your independent agent can work out all the details with you. It’s a smart move to consult an expert when making a such an important move to protect your family’s financial future.

Why do I need life insurance at 67?
You may already know why. The people who rely on you financially are the whole reason you are earning in the first place. At 67, your kids are probably off on their own, but even if your household is down to you, your spouse, and the dog, you want to make sure decades of hard work and planning will pay off for your family, even if you have passed.Life insurance at 67

Your salary is probably important to your household, both day-to-day and into your retirement. If your income were to suddenly go away, in what financial position would this leave your spouse? Would your retirement plans be in jeopardy? Life insurance can make sure things continue as planned no matter what.

If you have a large debt you are paying off, life insurance can avoid this being left for your loved ones if you pass away.

If you are still saving for your retirement, this is something very important to consider. Many years of planning and hard work are on the line, life insurance will guarantee your spouse those golden years.

Already retired? Well, if you are you planning on leaving an inheritance to your children, or maybe a charitable gift when you pass? Life insurance is a great way to make sure the fruits of your hard work and dedication will pass to the next generation.

Are you still earning a lot and maxing out other retirement plans? IUL policies and other permanent life insurance choices are often an attractive way for clients in this position to meet their life insurance needs.

Anywhere you are relied upon financially represents a life insurance need. Softening the impact of our passing and protecting the future of the ones we love is what life insurance is all about.

How much life insurance do I need?
Okay, now it is time for some homework. Each family is unique. Wherever you have identified your household’s life coverage demands, you need to determine a dollar amount that would indemnify, or make whole again, that financial obligation.

Your spouse may only require a portion of your income for a few years, at which time your retirement plans will be secure. A short term policy with a fairly low face value could be all you will need.

Life insurance at 67For example, a 10-year term policy with a face value of $250,000 could cover your final expenses and leave a nest egg that could provide a monthly income supplement to your spouse. And what’s more, the nest egg will remain untouched and can be used for medical expenses, retirement savings or other important family needs.

If you have a debt you want your life insurance to cover, or you are interested in leaving an inheritance or a charitable donation when you pass, you’ll have to include the relevant amounts into your life coverage calculations.

If you are not sure about the correct death benefit for your life insurance policy, talk to your independent agent from Ogletree Financial. We can help. All that’s left now is to look at some sample quotes and get in touch with us right away!

How much does life insurance at 67 cost?
If you are healthy, your premiums will be surprisingly low, and no matter your health, we can get you the lowest rate on the policy you need. We don’t sell a lot of million-dollar, 20-year term policies to 67-year-olds. Your typical client looking for insurance at 67 doesn’t need that kind of coverage.

Following are four tables with sample monthly premiums for a 67-year-old male and female.

>>The sample quotes shown here are for term life insurance.

>>These quotes are for non-smokers.

>>There is a table for a preferred plus health category and one for a standard health category.

>>Term lengths of 10, 15, and 20 years, with face values of $100,000, $250,000, $500,00 and $1,000,000 are shown.

>>These are only sample monthly premiums; your premium will be based on how your unique risk is assessed.

>>These sample quotes were gathered in August of 2016.


67-year-old Male Preferred Plus Health Category
Term Life Policy – Sample Monthly Premiums – Non-smoker

$100,000 $250,000 $500,000 $1,000,000
10-year $67.64 $137.37 $257.68 $471.97
15-year $88.40 $187.91 $351.54 $672.87
20-year $134.84 $280.35 $553.44 $1,036.62

67-year-old Male Standard Health Category
Term Life Policy – Sample Monthly Premiums – Non-smoker

$100,000 $250,000 $500,000 $1,000,000
10-year $110.59 $243.03 $455.77 $873.13
15-year $153.49 $354.37 $670.72 $1,235.94
20-year $209.39 $483.66 $943.63 $1,831.55

67-year-old Female Preferred Plus Health Category
Term Life Policy – Sample Monthly Premiums – Non-smoker

$100,000 $250,000 $500,000 $1,000,000
10-year $47.49 $98.09 $178.10 $293.58
15-year $59.60 $127.28 $236.06 $393.92
20-year $85.81 $180.48 $350.24 $656.02

67-year-old Female Standard Health Category
Term Life Policy – Sample Monthly Premiums – Non-smoker

$100,000 $250,000 $500,000 $1,000,000
10-year $74.13 $154.32 $283.20 $513.29
15-year $97.14 $216.81 $421.17 $754.63
20-year $153.56 $326.45 $650.91 $1,269.10

Life insurance at 67

All that is left is to get in touch with us and get moving today toward the life insurance coverage you need. For many policies, you could have an electronic application submitted today!

Getting started is easy!

  • Give us call at 1-800-712-8519!
  • Leave us a message on our contact page to get a custom quote!
  • Use the free term quoter on the left side of this page!
About Ogletree Financial Services
About Ogletree Financial Services

As independent life insurance agents, we specialize in finding the best life insurance rates and policies for our clients.  Our customers are located all over the USA.  If you would like a personalized life insurance quote, you can start here on our website or give us a call at 1-800-712-8519.

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