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Life insurance at 72

Life insurance at age 59

Reviewed By: Rob Pinner

Rob Pinner Rob Pinner is the founder and CEO of Pinner Financial Services servicing all 50 states. Rob started his insurance career in 2002.

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Many people who seek life insurance at 72 can’t imagine how they could possibly afford the premiums at this age.


How much life insurance do I need in my 50s Health issues are a reality of old age that few avoid.

Life insurance companies know this and that is why your diabetes or hypertension at 72, especially if your condition is well-controlled through a healthy lifestyle and a doctor’s advice, is not the same red flag as it is for someone in their thirties.

The sample quotes we have here may surprise you. In just a few minutes you will be ready to talk to an independent agent about securing the life insurance coverage you want for your family.

Not interested in a life insurance lesson?
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First, let’s cover some life insurance basics. Four basic questions to get started:

What is term versus permanent life insurance?
Why do I need life insurance at 72?
How much life insurance do I need?
How much does life insurance at 72 cost?

If you don’t need this lesson, scroll down and check out the tables we have set up with some sample quotes for term coverage for a 72-year-old man and woman. Either way, the next step is to get in touch with an independent agent and get a policy in place!

Getting started is easy!

Life insurance at 72
  • 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!

What is term versus permanent life insurance?

Term and permanent are the two main types of life insurance policies. They have one primary thing in common and two main differences. What they have in common is the death benefit.

The death benefit is the essence of all life insurance. It is the amount paid to the beneficiaries of your life insurance policy when you die.

Main difference number one: the length of your contract.

Term life insurance is temporary, with contract lengths generally from 5 to 30 years at multiples of five years. Life insurance is often purchased for a financial obligation that will pass: until the kids are on their own or until you are settled into retirement.

Permanent life insurance never expires, whenever you die, your beneficiaries will receive the death benefit of your policy. 

Main difference number two: cash accounts.

Permanent life insurance policies, such as indexed universal life (IUL), have an associated interest-earning cash account. This does lead to permanent life being more expensive than term, but for some the living benefits connected to the cash accounts of permanent policies make their life insurance policy an important part of their financial portfolio.

Living benefits result from the tax-deferred interest these accounts earn and the relatively easy access to your funds throughout your life. Your life insurance can work for your more than only after you are gone.

If you are interested in a permanent policy, look for some links we included to some articles about IUL solutions to some common life insurance concerns.

Why do I need life insurance at 72?

Life insurance at 72

Most people looking for life insurance in their seventies do no need too much help with this question.  They usually do not want to have to sit through another medical exam.  At 72, most have a pretty good idea where their financial obligations lie. We’ll mention a few common motivators for those in their seventies to purchase insurance.

More and more of us are working well into our seventies. Your income is important to the day to day operation of your household, and if you passed unexpectedly, your spouse would be left to manage a difficult financial situation.

4 Minutes to a Better Retirement using Indexed Universal Life Insurance

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What about your retirement? Are your plans for your golden years complete? If you aren’t done preparing, life insurance coverage can make sure those plans will proceed as planned for your spouse, no matter what may happen to you.

Six Reasons to use IUL in Retirement Planning

IUL used for Retirement?

How about a gift to your family? For many, handing down their life’s blessings to the ones they love is very important.

My father bought a $100,000 whole life policy for his granddaughter when she was 2-years-old. By the time she was twelve, the policy was paid up and the cash value had surpassed the premiums paid. Now she has a valuable resource to rely on when she makes her move away from home.

Are you part of a small business partnership? Life insurance is a great way to protect your interest in the business. How your family would collect on this interest, and indeed how the business itself may continue could depend on this coverage.

Funding buy sell agreements with indexed universal life insurance

Life insurance at 72

Any large debt you may have, such as a mortgage, is another obligation that could fall into the lap of your loved ones if you pass unexpectedly. Life insurance can make sure these liabilities will always be taken care of.

Indexed Universal Life for Mortgage Protection?

We may or may not have covered your reason to purchase life insurance coverage. Each client is unique and Ogletree
Financial is ready to address your needs. You can rely on our marketplace expertise, along with access to over 30 top insurers, to get you and your family taken care of.

Get a quote>>>

  • 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!

How much life insurance do I need?

Determining how much life insurance coverage you need can be confusing for some. If you have more than one financial obligation you would like your coverage to address, the calculations can get a little deep. If all you are concerned about is guaranteeing your income for five to ten years, or making sure your final expenses will be covered, you may already know how much coverage you need.

When it comes to your income, at 72, you might start by multiplying by a factor of three to five. If you make 60K a year, that’s $180,000. But all the dynamics of your unique household must be considered. Does your spouse work? Do you possess valuable assets? How long would you need your salary to be replaced?

Life insurance at 72

In a small business partnership, each partner may take out a policy on the other partner. You must determine the value of each person’s interest in the business. If a partner passes unexpectedly, the other partner receives the death benefit, generally so they can pay the deceased’s family for their interest in the business.

If you are confused about how much life insurance you need, count on an independent agent from Ogletree Financial to clear the air. We can help you analyze your family’s needs and design the appropriate coverage. We then compare rates from over 30 top insurers to be sure you pay the lowest premium available for the coverage you need.

How much does life insurance at 72 cost?

Get ready to be surprised! The term length option is down to
10 or 15 years, for obvious reasons, and the premiums for the more popular face values will generally fit into the budget of anyone who needs that level of insurance.

Check out our health category infographics to get an idea of what your health category is and how your premium can fit into your family budget.

Worried about your health? We are impaired risk experts. We can always get coverage for your family at a price you can afford. 

Following are four tables with sample monthly premiums for a 72-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 and 15 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 July of 2016.

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


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


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


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


Life insurance at 72: Today is the day

Okay, that’s enough of the basics! Get one of our agents on the phone and you will be on your way to the life insurance coverage you need and the peace of mind that your family’s financial future is secure.

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!

Frequently Asked Questions

How much is term life insurance for a 72 year old?

Your premium will depend on several factors including your age, health, and build. An independent life insurance agent can provide you with quotes from several different carriers.

At what age should you get life insurance?

The younger the better, ideally age 35 or under. It is possible to life insurance at almost any age, health permitting. An independent life insurance agent can provide you with quotes.

What is the cost of a $500,000 term life insurance policy?

A sample premium for a 15-year term policy on a 72-year old female in the standard non-tobacco health class is $759.82 per month.

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