Life Insurance for 82-Year-Olds

Whole Life Insurance Rates For 82-Year-Old Men

As an 82-year-old male, you will face higher rates for a whole life plan than younger individuals.

This table breaks down the coverage amounts and monthly premiums for both non-smokers and smokers to give insight into how much your policy could cost.

A non-smoker pays $35 per month for $2,000 of coverage, while a smoker pays $57 for the same plan (63% higher). The difference is even more pronounced for a $25,000 life insurance policy: $402 for non-smokers versus $673 for smokers (67% higher).

82-year-old males pay 35-51% more than their female counterparts for whole life policies. This is because women have longer average life expectancies than men, so insurers offer them lower rates.

As we age, the likelihood of mortality increases, and our health worsens, making us more expensive for insurance companies to cover.

Waiting until you’re 83 years old will cost you more, with monthly premiums rising an average of 6.1% (for non-smokers) or 7.4% (for smokers).

For example, delaying a purchase by one year would mean a $25,000 policy would increase from $402 (if a non-smoker) or $673 (if a smoker) to $428 and $725, respectively.

How Much Is Life Insurance For An 82-Year-Old Woman?

As an 82-year-old female, you will qualify for better rates than a male of the same age.

For example, a non-smoker can get $2,000 of coverage for $26 per month, while a smoker would pay $39. On the other end of the spectrum, a non-smoker can get $25,000 of coverage for $284 per month, while a smoker would pay $445.

That said, waiting until you’re 83 years old will cost substantially more, with monthly premiums rising an average of 4.9% (for non-smokers) and 5.8% (for smokers). This would increase your premiums to $301 and $474, respectively, for $25,000 of coverage.