If you are looking for affordable life insurance quotes after turning 50, you’ve come to the right place!
Whether you are just beginning to explore your options or ready to take action, we are committed to providing the essential information you need to make a confident decision.
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Why Life Insurance Matters After 50
Why Life Insurance Matters After 50Our agents work with people entering their fifties every day. We find that this stage of life brings new responsibilities and a sharper awareness of the need for life insurance protection.
You may be helping children through college, supporting aging parents, or preparing for retirement.
At the same time, you’re often in your peak earning years, which means your income is more valuable than ever to the people who rely on you.
Life insurance can pay off a mortgage, clear debts, replace lost income, or cover everyday expenses so your spouse isn’t left struggling.
For many, it also becomes a way to leave a meaningful legacy, whether that’s helping children build their future or supporting charitable causes that matter to you.
Why People Over 50 Need Life Insurance
- Mortgage Protection: Ensures your family can keep the home by paying off the remaining mortgage balance.
- Debt Payment: Covers personal loans, medical bills, or credit card debt so loved ones aren’t left responsible.
- Income Replacement: Provides financial stability for a spouse who depends on your income for daily living expenses.
- College Education: Helps guarantee your children can finish college even if you’re no longer here to support them.
- Pension Maximization: Protects your spouse if your pension benefits reduce or stop after your passing.
- Final Expenses: Covers funeral costs and medical bills, preventing unexpected out‑of‑pocket burdens during a difficult time.
- Estate Creation: Permanent life insurance can build a tax‑efficient inheritance or support long‑term estate planning goals.
- Charitable Giving: Allows you to leave a lasting gift to a charity or cause that’s meaningful to you.
Picking the Right Policy After 50
Picking the Right Policy After 50When you’re in your fifties, choosing the right life insurance policy starts with understanding what you want your coverage to protect.
We begin by looking at who depends on you financially — a spouse who relies on your income, children who still need support, or debts that could fall on your family if something happened to you.
After identifying who you need to protect, our next step is to determine how long that protection should last.
Many of our clients will choose a term life insurance policy when they require affordable coverage for a specific period that will eventually expire.
Others choose more costly permanent coverage that remains effective for their entire lifetime and supports long-term planning.
Term Life Options for People Over 50
Term life insurance remains the go‑to option for many people over 50 because it offers the highest coverage at the lowest cost.
It’s ideal for protecting income, covering a mortgage, or ensuring a spouse can maintain their lifestyle until retirement.
With level premiums for 10–30 years, term insurance provides predictable, affordable protection during the years you need it most.
When selecting a term life policy, it’s important to match your coverage period to your actual needs. Generally, longer-term policies result in higher premiums.
We typically recommend a 10-year term for those seeking protection through retirement or until their children complete college.
On the other hand, a 20-year term plan is often ideal for ensuring long-term financial stability, such as safeguarding their mortgage.
It’s important to remember that if you outlive your chosen term, you may face a substantial increase in premiums. Fortunately, most of our term policies come with a valuable conversion option.
A conversion privilege allows you to transition to permanent coverage later on, without the need for a new medical exam, which can be particularly beneficial if your health changes over the years.
Rates On Term Insurance After 50
Term life insurance premiums are affected by key factors such as your age, gender, smoking status, overall health, and the amount of coverage needed.
If you’re considering buying term insurance, remember it becomes more expensive each year you wait. So, locking in coverage sooner is the simplest way to secure better long‑term rates.
To give you an example, a $1 million term life policy costs about $128 per month for a healthy 50-year-old male, but jumps to over $214 per month at age 55.
Smoking is another factor that drives up prices. Smokers often pay about twice as much due to increased health risks from nicotine. We can help you find the best life insurance rates for smokers.
Additionally, women typically pay less for coverage because they are expected to live longer and will pay more premiums over time.
To make things easy to understand, we have provided sample rates for 20-year term insurance for non-smoking men and women in their fifties.
20‑Year Term Quotes for Ages 50–59
| Women | $100k | $500k | $1mm |
| 50 | $17 | $55 | $97 |
| 51 | $18 | $60 | $105 |
| 52 | $20 | $56 | $111 |
| 53 | $22 | $63 | $130 |
| 54 | $24 | $76 | $138 |
| 55 | $27 | $84 | $158 |
| 56 | $29 | $95 | $168 |
| 57 | $31 | $102 | $195 |
| 58 | $33 | $113 | $215 |
| 59 | $36 | $126 | $241 |
| Men | $100k | $500k | $1mm |
| 50 | $22 | $69 | $128 |
| 51 | $24 | $76 | $141 |
| 52 | $26 | $84 | $157 |
| 53 | $27 | $94 | $174 |
| 54 | $28 | $101 | $193 |
| 55 | $31 | $112 | $214 |
| 56 | $35 | $126 | $239 |
| 57 | $39 | $140 | $267 |
| 58 | $44 | $158 | $300 |
| 59 | $49 | $173 | $337 |
Get Term Life Quotes After Age 50
One of the smartest steps you can take when buying term life insurance over 50 is to compare quotes from several life insurance companies.
Rates vary widely based on age, health, and coverage amount, so shopping around ensures you’re not overpaying for the same protection.
Some of the top term life insurers, according to US News & World Report, include Prudential, Lincoln Financial, and Banner Life.
Explore your options with our term life insurance calculator! It makes comparing quotes quick and easy, helping you find the perfect coverage for your needs in minutes.
Why Universal Life Works After 50
Why Universal Life Works After 50Although universal life insurance costs more than term insurance, it is still far cheaper than traditional whole life insurance.
That’s why we often recommend guaranteed universal life (GUL) to clients who want permanent coverage focused solely on lifelong protection, with minimal cash value.
We often see universal life used to cover final expenses, leave an inheritance, or simply make sure family members aren’t left with financial burdens.
The Cost of Universal Life After 50
At Affordable Life USA, we can help you compare universal life insurance quotes from many top‑rated companies.
A common choice for people in their fifties is a $100,000 policy, which provides meaningful protection at an affordable price.
With GUL, you choose the age to which your coverage is guaranteed—90, 95, 100, or even 121—and that choice directly affects your premium.
A shorter guarantee, such as to age 90, is typically much more affordable than a policy guaranteed to age 100 or beyond.
To help you compare, here are the average universal life rates for men purchasing a $100,000 death benefit, guaranteed to age 90 or 100.
$100,000 Universal Life Insurance Rates Over 50
| Age | Age 90 | Age 100 |
| 50 | $65 | $77 |
| 51 | $67 | $81 |
| 52 | $69 | $86 |
| 53 | $74 | $90 |
| 54 | $81 | $95 |
| 55 | $91 | $100 |
| 56 | $94 | $105 |
| 57 | $96 | $110 |
| 58 | $99 | $115 |
| 59 | $101 | $121 |
If you are looking for affordable universal life insurance coverage, some of the best insurance companies include Corebridge, Pacific Life, and Protective Life.
Pacific Life offers one of the smallest universal life policies in the industry at $25,000, while Protective Life starts at $50,000, giving our clients flexible entry points for lifetime protection.
Why not kick things off today? By entering just a few simple details, you can discover the ideal insurance policy that perfectly suits your family’s needs and budget. 
Instant Universal Life Insurance Rates
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Applying for Life Insurance Over 50
Applying for Life Insurance Over 50When applying for life insurance over 50, your health significantly affects premiums.
Monitoring common conditions such as high blood pressure, cholesterol levels, sleep apnea, and diabetes can positively influence your premiums.
At this age, many insurers automatically require a medical exam, while others offer a streamlined no‑exam process for applicants over fifty.
Our independent agency removes the hassle of calling multiple companies and finds the lowest possible premium based on your unique medical history.
Life Insurance Over 50 No Medical Exam
Life Insurance Over 50 No Medical ExamIf the idea of a medical exam sends you running for the hills, we have “no exam” life insurance policies just for you.
You’ll answer some health questions online or over the phone, and if you qualify, you could have coverage in a matter of days.
We work with carriers like Pacific Life and Lincoln Financial, which offer up to $1,000,000 in no‑exam coverage at the same cost as their fully underwritten policies.
That said, there are many medical situations where taking the full medical exam can save thousands over the life of your policy.
Our agents understand the underwriting criteria of each carrier and will match you with the company most favorable to your health profile.
We have compiled a list of the top life insurance companies for those over 50, known for their fair underwriting and affordable rates.
We monitor the financial strength and claims-paying ability of life insurance companies by using several rating agencies, including A.M. Best, BBB, and J.D. Power.
| COMPANY | BBB | AM Best | JD Power |
|---|---|---|---|
| AIG | A+ | A | 718 |
| AXA Equitable | A+ | A+ | 752 |
| Banner Life | A+ | A+ | N/A |
| Brighthouse | A+ | A+ | N/A |
| Guardian Life | A+ | A++ | 760 |
| John Hancock | A+ | A+ | 739 |
| Lincoln Financial | A+ | A+ | 744 |
| Mass Mutual | A+ | A++ | 780 |
| Metlife | B- | A+ | 780 |
| Mutual of Omaha | A+ | A+ | 766 |
| Nationwide | A+ | A+ | 806 |
| Pacific Life | A+ | A+ | N/A |
| Principal Financial | A+ | A+ | 774 |
| Protective | A+ | A+ | 742 |
| Prudential | A | A+ | 770 |
| SBLI | A+ | A+ | N/A |
| Transamerica | A+ | A+ | 720 |
FAQ: Life Insurance Over 50
FAQ: Life Insurance Over 50How do insurers approve people over fifty without lab work? They use a telephone interview, your prescription history, medical records, and motor vehicle reports to assess risk instead of a blood test.
Can improving my lab results improve my rates? Making even minor improvements in your blood pressure, cholesterol levels, A1C, or BMI can significantly reduce your premiums. It’s a powerful incentive to prioritize your health!
Can I get life insurance if I’ve been declined before? A previous decline doesn’t mean you’re uninsurable. Different carriers have different underwriting sweet spots, and many specialize in applicants aged 50+.
Do insurers limit how much coverage you can buy? Yes, insurers use fairly liberal qualification formulas based on your income, assets, and dependents to determine the maximum coverage amount.
How long does it take to get approved? Underwriting time varies based on whether your agent recommends no-exam or exam underwriting. If a medical exam is required, it typically takes 2-3 weeks to complete.
Why does employer-provided coverage end upon retirement? Most group insurance ends when you retire, which can leave you uninsured. The best move is to secure your own individual policy before leaving work, locking in lower rates that stay with you for life.
Is it worth getting whole life insurance? If you’re over 50, whole life insurance may not be a good investment because potential returns can decrease as you age. A universal life policy offers a better return on invested premiums.
Can I buy life insurance to cover future long‑term care needs? Some policies include riders that allow you to access the death benefit early for chronic illness or long‑term care expenses.
Can I get life insurance if I’m self‑employed at this age? Business owners in their fifties can access higher coverage amounts because insurers consider factors such as business debt and income replacement. Many providers offer flexible options to protect both family and business.
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Affordable Life USA offers comprehensive life insurance solutions to families and business owners throughout the United States.
Our founder, Eric Van Haaften, developed his passion for quantitative analysis while earning his business degree from Ferris State University, which laid a strong foundation for his analytical approach to financial planning.
