How Much Does A $50000 Life Insurance Policy Cost?

$50000 life insurance policies are a popular choice for those looking to lift the burden of their end-of-life expenses off their loved ones. These affordable policies provide the funds needed for funeral and burial costs. 

These relatively small policies are a great option for people who are in less-than-perfect health or those who are looking to save money. In this article, we’ll discuss:

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Types Of $50,000 Life Insurance Policies

You have three options for $50K of life insurance coverage:

  • Simplified Issue Whole Life Insurance
  • Simplified Issue Term Life Insurance
  • Accidental Death Insurance

Let’s take a look at each one.

Simplified Issue Whole Life Insurance

Whole life insurance provides coverage for your “whole life.” It is a long-term coverage option that builds cash value over time without requiring a medical exam.

  • Benefits: No medical exam required, fixed premiums, and strong cash value growth over time.
  • Drawbacks: Higher rates compared to term life policies and lower coverage amounts.

Simplified Issue Term Life Insurance

Simplified issue term life insurance offers coverage for a specified period, usually between 10, 20, and 30 years. Just like whole life, term life does not require a medical exam.

  • Benefits: No medical exam, lower premiums compared to whole life insurance
  • Drawbacks: term life insurance expires at the end of the term, no cash value build-up.

Accidental Death Insurance

Accidental death insurance provides a payout specifically if the insured dies due to an accident.

  • Benefits: It’s cheap and easy to get (as long as you’re eligible by age and state of residence, acceptance is guaranteed)
  • Drawbacks:  You’ll very likely never need it (only a small fraction of deaths are accidental)

How Do Life Insurance Companies Decide Your Cost?

When determining your life insurance rates, insurance companies consider several key factors about you. They look at how much risk these entail, and this allows them to calculate a monthly payment that accurately reflects your unique situation. 

Here are a few of them:

Factors Affecting Life Insurance Costs

Factor Impact on Cost
Age Because younger applicants have more years remaining to pay premiums, so they have to pay less per month
Health Healthier individuals live longer, so they qualify for lower rates
Gender Women live longer than men, so have lower rates
Lifestyle Risky behaviors, like smoking or bungee jumping, increase premium costs
Occupation Hazardous jobs, like offshore drilling, can lead to higher premiums
Policy Type Whole life policies, because they last indefinitely, have higher premiums than temporary (term) life insurance
Length of Term Longer term lengths correspond to higher premiums

Check Out: $5K Term Life Insurance Rates

Check Out: How Rates Vary with Age in AARP Life Insurance Plans

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You never know what battles people may be fighting.

How Much Does A $50K Policy Cost?

People often wonder, “How much is a 50k life insurance policy? Is 50,000 good for life insurance?”  But they never look into it.

That’s a shame because, according to LIMRA, people overestimate the cost of life insurance by 300% on average.

The tables below show the rates for all three products we discussed above.

The Cost of a $50,000 Whole Life Insurance Policy

First up is simplified issue whole life insurance.

How much is a $50000 whole life insurance policy? As you’ll see, there’s a clear correlation between age and higher insurance costs, which is even more drastic for smokers.

Age Male Male
40 $13 $15
45 $14 $17
50 $16 $19
55 $19 $22
60 $22 $26
65 $26 $31
70 $32 $38
75 $50 $68
80 $69 $92
85 $95 $130
89 $172 $274

For male non-smokers, the rate increase is gradual from ages 40 to 70, moving from $13 to $32.

However, the rate of increase becomes more pronounced from age 75 onwards, jumping from $50 at age 75 to $172 at age 89. This is a 300%+ increase!

How much is a 50,000 whole life insurance policy for smokers? For male smokers, rates start at $15 at age 40 and increase more steeply compared to non-smokers, reaching $274 by age 89.  The increase is especially noticeable between ages 85 and 89, when monthly premiums jump from $130 to $274.

Age Female Female
40 $12 $14
45 $13 $16
50 $14 $17
55 $15 $21
60 $18 $24
65 $22 $28
70 $28 $32
75 $37 $49
80 $50 $69
85 $67 $98
89 $133 $185

The trend for female non-smokers is similar but at a lower scale.  How much does $50,000 life insurance cost? Rates start at $12 at age 40 and gradually increase to $28 by age 70.  Women over 70 see the sharpest increase in rates, with rates reaching $133 by age 89, which is more than four times the rate at age 70.

Female smoker rates start at $14 at age 40 and increase steadily but at a slower rate than male smokers.  By the time you’re 89, a $50k whole life insurance policy will cost a woman $185 a month.

$50,000 Accidental Death Insurance Rates

The rates for $50,000 of Accidental Death Insurance follow a similar pattern to those above, but there are two key differences:

  • There are no “smoker” rates.  Accidental death insurance policies pay out for accidents.  If life insurers have no data that says smokers are more likely to die in an accident, then there’s no reason to raise their rates
  • Prices are set by age range, not by individual age.  While older people are generally more likely to have an accidental cause of death (due to higher rates of fatal slips and falls), there isn’t a large age-by-age difference to warrant different rates
Age Range Gender Standard With ROP
18-50 Male $10.29 $14.41
18-50 Female $7.53 $10.54
51-60 Male $10.72 N/A
51-60 Female $8.27 N/A
61-70 Male $13.22 N/A
61-70 Female $10.68 N/A

For those between the ages of 18 and 50, men pay $10.29 per month for $50K of AD&D coverage, while women pay only $7.53 per month. That’s 27% less, which implies that not only do women live longer lives in general, but they are also less likely to die in an accident.

Prices increase for the next age group, but only slightly.  51-year-old to 60-year-old men pay $10.72, while women spend $8.27.  The real price jump happens once you turn 61, with males in the 61-70 age bracket paying $13.22 a month and women paying $10.68, roughly a 30% increase for each gender.

The Right 50,000 Life Insurance For Seniors

A simple whole life insurance plan offers protection tailored for seniors. It provides coverage that lasts for life at a fixed cost to help address expenses, legacy goals, and end-of-life arrangements.

These policies determine approval based on your answers to basic health questions on the application.  The lack of a medical exam makes it an attractive option for those with health issues or privacy concerns.

Benefits of Simplified Issue Whole Life Insurance

  • No Medical Exams
  • Fixed Premiums
  • Lifetime Coverage
  • Cash Value Growth
  • Quick Application Process

Best Companies For A $50,000 Life Insurance Policy

Below are our top three recommendations for a $50,000 life insurance policy.

Simplified Issue Whole Life Insurance: Transamerica

Transamerica offers simplified issue whole life insurance through their Immediate Solution, 10-Pay Solution, and Easy Solution products. These policies are well-suited for those seeking affordable $50,000 permanent life insurance coverage.


  • Same-day approvals on applications in many cases
  • Premiums remain fixed for life
  • Death benefits are income-tax-free for beneficiaries
  • Cash value that builds over time. Accessible through policy loans

Company Highlights:

  • Part of Aegon, a top global insurance company with over $1 trillion in assets
  • Over 100 years in business providing retirement and insurance solutions

In short, Transamerica’s products offer convenient permanent protection for a $50,000 final expense policy.

... "Immediate Solution" Whole Life Insurance
Policy Type Whole Life
States All except NY
Ages 0 - 85
Coverage $1,000 - $50,000 (varies by age)
Duration Lifelong
Waiting Period No
Rate Lock Yes
  • Very low prices
  • No medical exam
  • Flat, never-increasing premiums
  • No waiting period
  • Underwriting has become stricter (e.g., no insulin)
  • Coverage limited to $25,000 for older applicants
What's My Rate?
Approved Conditions
  • ADHD
  • Addisons Disease
  • Anxiety Disorder
  • Artery Disease
  • Arthritis (Psoriatic)
  • Arthritis (Rheumatoid)
  • Asthma (Chronic)
  • Asthma (Mild)
  • Atrial Fibrillation
  • Autism (High Functioning)
  • Autism (Severe)
  • Barlows Syndrome
  • Bladder Pain (Chronic)
  • Blood Clot
  • Blood Disorder
  • Bone Marrow Transplant
  • Brain Tumor (Removed; Benign)
  • Bronchitis (Acute)
  • COVID-19
  • CPAP Use (w/o Oxygen)
  • Cancer (Skin)
  • Cardioversion Treatment
  • Cerebral Palsy
  • Chronic Cough
  • Chronic Pancreatitis
  • Circulatory Disease
  • Claudication
  • Clogged Arteries
  • Coronary Artery Disease
  • Crohns Disease
  • Declined for Life Insurance
  • Depression
  • Diabetes (No Insulin)
  • Diabetes (With Insulin)
  • Disability
  • Encephalopathy
  • Enlarged Heart
  • Enlarged Prostate
  • Epilepsy
  • Felony
  • Fibromyalgia
  • Glaucoma
  • Gout
  • Guillain-Barre Syndrome
  • Hashimotos Disease
  • Heart Arrhythmia
  • Heart Blockage
  • Heart Catheterization
  • Heart Disease
  • Heart Murmur (Functional)
  • Heart Murmur (Innocent)
  • Hemophilia
  • High Blood Pressure
  • High Cholesterol
  • Irregular Heartbeat
  • Irritable Bowel Syn.
  • Kidney Stones
  • Low Blood Pressure
  • Lupus (Non-Systemic)
  • Lyme Disease
  • Malaria
  • Memory Loss
  • Mitral Valve Prolapse
  • Multiple Sclerosis (MS)
  • Muscular Dystrophy
  • Myasthenia Gravis
  • Narcolepsy
  • Neuropathy (Non-Diabetic)
  • Osteoarthritis
  • Osteoporosis
  • PAD
  • PTSD
  • PVD
  • Pagets Disease of the Bone
  • Pain (Chronic)
  • Pancreatic Insufficiency
  • Panic Disorder
  • Parole / Probation
  • Pernicious Anemia
  • Pneumonia
  • Pulmonary Embolism
  • Pulmonary Sarcoidosis
  • Respiratory Failure
  • Restless Leg Syndrome
  • Scleroderma
  • Seizures
  • Sepsis
  • Shingles
  • Sjogrens Syndrome
  • Sleep Apnea (No Oxygen)
  • Spina Bifida
  • Spinal Stenosis
  • Stem Cell Transplant
  • Suicide Attempt
  • Thrombocythemia
  • Thrombocytopenia
  • Thrombosis (Blood Clots)
  • Thyroid Disorders
  • Tourettes
  • Ulcer
  • Ulcerative Colitis
  • Unexplained Weight Loss (> 10 lbs)
  • Vertigo
  • Wegeners Granulomatosis
  • Wet Macular Degeneration
  • Wolff-Park. Syndrome
Declined Conditions
  • ADL Assistance Required
  • Alcohol / Drug Abuse
  • Aneurysm (Corrected)
  • Aneurysm (Not Corrected)
  • Angina
  • Angioplasty
  • Assisted Living Facility
  • Awaiting Surgery
  • Awaiting Test Results
  • Bedridden
  • Brain Tumor (Not Removed; Benign)
  • CHF
  • CPAP Use (w/Oxygen)
  • Cancer (Not Skin)
  • Cardiac Ablation
  • Cardiomyopathy
  • Circulatory Surgery
  • Coronary Artery Bypass
  • DUI / DWI
  • Defibrillator
  • Diabetic Coma
  • Gastric Bypass
  • Heart Attack
  • Heart Surgery
  • Heart Valve Surgery
  • Hemorrhagic Stroke
  • Hodgkins Lymphoma
  • Home Health Care
  • Hospitalization
  • Huntingtons Disease
  • Hypertrophic Cardiomyopathy
  • Insulin Shock
  • Intracerebral Hemorrhage
  • Lap Band Surgery
  • Leukemia
  • Liver Disease
  • Liver Disorder
  • Melanoma
  • Multiple Myeloma
  • Myocarditis
  • Nephropathy
  • Neuropathy
  • Non-Hodgkins Lymphoma
  • Nursing Home
  • Organ Transplant (Completed)
  • Oxygen (Non-Continuous)
  • Oxygen (Sleep Apnea Use Only)
  • Oxygen Use (Continuous)
  • Pacemaker
  • Paralysis
  • Paraplegia
  • Pending Hospitalization
  • Pending Surgery
  • Quadriplegia
  • Retinopathy
  • Sleep Apnea (w/Oxygen)
  • Stent Placement
  • Stroke / TIA
  • Watchman Implant
  • Wheelchair (Confined)
  • Wheelchair (Not Confined)

Simplified Issue Term Life Insurance: Mutual of Omaha

For 50k term life insurance coverage, our top pick is Mutual of Omaha’s Term Life Express product.


  • Competitive rates that are locked in for the selected 10, 15, 20, or 30-year policy term
  • Face amounts from $25,000 to $300,000 available depending on coverage term
  • You can upgrade to permanent life insurance

Company Highlights:

  • Over 100 years as a trusted and well-established carrier
  • A.M. Best rates the company A+ for its strong finances
  • Great customer support

Accidental Death Insurance: Mutual of Omaha

Mutual of Omaha offers $50,000 Accidental Death Insurance through their Guaranteed Advantage program.


  • Coverage for accidents with no medical exam required
  • 24/7 protection for accidental death
  • Premiums start as low as $7/month

Company Highlights:

  • Strong, stable carrier in business for over 100 years
  • Provides fast claims processing

Choose kindness.

You never know what battles people may be fighting.


If you made it this far through the article, you’re doing the right thing by your family! Life insurance is not right for everyone but given the consequences of not having a policy, everyone ought to look.

Warm regards,
The GetSure Team

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