Life insurance at 76

Many believe that life insurance at 76 will be too expensive. Maybe you have some health issues that keep you from applying. You can probably put these worries aside.

There is almost certainly a life insurance policy that meets your family’s needs and fits in your budget, and Ogletree Financial can find it for you.

When someone is 37 and has high blood pressure, life insurance companies are quite concerned. This condition could be a symptom of lifestyle Life insurance at 76choices that could shorten their life expectancy considerably.

When someone is 76 and has high blood pressure, life insurance companies are not so concerned. This condition could just be a symptom of being 76-years-old.

If you live a healthy lifestyle and have a health condition like hypertension or high blood pressure that is well-controlled with diet, exercise, or even medication, it is still possible to obtain reasonable life insurance premiums.

We are going to present some sample quotes for term life insurance followed by a brief introduction to life insurance at 76.

We’ll are going to be looking at four common life insurance questions:

How much does life insurance at 76 cost?
What is term versus permanent life insurance?
Why do I need life insurance at 76?
How much life insurance do I need?

The goal here is to get you on the phone with an independent agent from Ogletree Financial so you can be on your way to a secure financial future for your family.

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!

Let’s get the show on the road…

How much does life insurance at 76 cost?

You may be surprised at how easily the life insurance policy you need can fit into your budget.

Life insurance companies complete an underwriting process after they receive your application in order to place you in a particular health category based on their calculations. We have a couple infographics here that point the basics of this process so you can get an idea of how life insurance companies will view your unique risk.

Following are four tables with sample monthly premiums for a 76-year-old male and female.Life insurance at 76

  • 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 September of 2016.

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


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


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


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



Life insurance at 76What is term versus permanent life insurance?

The basis of all life insurance is the death benefit, the amount paid to your beneficiaries when you pass away with a life insurance policy in place. Both term and permanent policies have this basic feature.

Term life insurance, sometimes referred to as pure life insurance, is essentially only the death benefit. Term policies are straightforward, simple contracts with relatively inexpensive premiums when compared to permanent policies.

Term insurance covers temporary financial commitments that will eventually pass. After the end of your contract, the term, your insurance expires. You do have the option of extending your policy on a year-to-year basis but at significantly higher rates. A new life insurance policy is often the best solution for continuing life insurance needs.

Permanent life insurance never expires. Once you purchase this type of life insurance, as long as you pay your premiums, you beneficiaries will receive the proceeds of your policy.

Why do I need life insurance at 76?

This question is a little more common for the younger clients we see. Once you are in your seventies, you probably know pretty well what needs you want your life insurance coverage to meet. Almost always, these needs revolve around family.

Many in their seventies are still working. Whether it’s to pay the bills, save for retirement, or justLife insurance at 76 to stay sane, it’s more common now than ever. If you were to pass, who would suffer financially? Your spouse for sure. How much do the day-to-day needs of your household depend on your salary?

How are retirement plans coming along? If you are still saving, the loss of your income could endanger the plans you and your spouse have for your golden years, which are getting longer and longer it seems. Your life insurance policy can make sure that no matter what may happen to you, your partner in life will live “second childhood” the two of you have planned.

If you are still paying down significant debt, whether it be credit cards, personal loans or a mortgage, life insurance can make sure these liabilities don’t end up in the lap of your family. Years of financial woe could beset your loved ones without a life insurance policy in place to cover this financial commitment.

Many who would like to leave an inheritance to their family choose a life insurance policy accomplish this goal. Very manageable monthly payments can create a sizable nest egg for your loved ones to enjoy after you are gone.

Do you have a favorite charity? A great way to leave a gift to an important cause you support is a life insurance policy.

There are quite a variety of unique needs for life insurance. If you are not sure about yours, talk to an independent agent from Ogletree Financial. We can help.

How much life insurance do I need?Life insurance at 76

This is another important life insurance decision that your independent agent can help with. For each need you want your life policy to cover, you must decide the amount of benefit necessary to ensure that this obligation will be met, even if you are gone.

For income replacement in your seventies, most recommend multiplying your yearly income by a factor of 3 to 5. This calculation is just to get you in the ballpark. A closer examination of your financials is needed to make sure you are providing the right benefit.

Are concerned about retirement. How close are you to having this taken care of? Compare your goals to your present financial position to make sure you have this important need covered.

The amount you leave to a charity is often dependent on previous giving. Often ten times the amount of previous years’ average donation. The Planned Giving Resource Center notes that a “traditional permanent life insurance contract will generally yield a 6% to 7% internal rate of return” …  and that life “insurance can be a self-completing gift. For a donor committed to making annual gifts, a portion of the annual gift can be directed to an insurance policy guaranteeing the continuation of that gift in perpetuity.”

The amount of coverage you choose is probably dependent on what you can afford. What is often most important is that you get some level of protection in place to protect the ones you love.

Life insurance at 76: The coverage you need at a price you can afford

That’s all you need! Get in touch with us today and get this done. It is important to you, and even more so, to the ones you love. Ogletree Financial can be your coach and consultant, our expertise and experience the tools to build your families secure financial future.

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 Doug Mitchell
About Doug Mitchell

Doug Mitchell, CLU holds a BA degree in Finance from Auburn University as well as having obtained a Chartered Life Underwriter (CLU) designation from The American College in Bryn Mahr, PA.  Doug has spent over 20 years in the life insurance industry and has also held licenses to sell securities, long-term care insurance, home and auto insurance.  For two years, Doug served as President of the Auburn Opelika Association of Financial Advisors and has been a member of the Million Dollar Round Table.  He obtained Life Millionaire status at Horace Mann Insurance Company and was awarded the Life Agent of the Year Award.  Later in his career with New York Life he was an Executive Council Member.  Doug currently serves as President of Ogletree Financial, a life insurance marketing organization with over 1000 life insurance agents.  Today, Doug’s main focus is servicing 1000s of policyholders and growing his agency through the reach of

This entry was posted in Quotes By Age. Bookmark the permalink.

Leave A Reply