Term Life Insurance Rates for 57-Year-Olds

57 year old

Life insurance is an essential part of any retirement plan, yet many people often overlook the importance of getting adequate coverage in place. For those nearing their sixties, understanding the ins and outs of term life insurance is vital for guaranteeing financial peace of mind

When it comes to finding the best rates, the age at which you start your policy is key – and, in this article, we'll be exploring the cost of term life insurance for 57-year-olds. We'll go over the specifics of this coverage, give insight into the factors that impact cost, and point to the best providers available. Keep reading to be sure you know everything you need to find the right term life insurance policy for you.

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20-Year Term Life Insurance Cost (Men; Age 57)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
57MenNo20 Years$25,000Americo$41
57MenNo20 Years$50,000American Amicable$54
57MenNo20 Years$100,000American Amicable$102
57MenNo20 Years$250,000American Amicable$233

This table shows the costs of 20-year term life insurance policies for male applicants at the age of 57. All applicants in the table are non-smokers and premiums are listed by company

Overall, participants can find life insurance policies for as little as $41 a month for a coverage of $25,000 and a maximum of $233 a month for a coverage of $250,000. The largest coverage for a non-smokers is $100,000.

30-Year Term Life Rates (Male; Age 57)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
57MenNo30 Years$25,000Americo$56
57MenNo30 Years$50,000Americo$105
57MenNo30 Years$100,000Americo$203
57MenNo30 Years$250,000Americo$495

The table above provides an overview of the monthly cost of term life insurance for a male age 57 with a 30-year term policy. All the scenarios detailed in the table are for non-smoking individuals, and the provider is Americo. For a coverage amount of $25,000, the monthly rate is $56

The monthly rate would more than double ($105) to $50,000 in coverage. If a policyholder were to take out $100,000 in coverage, the monthly rate would jump to $203, and for coverage of $250,000, the monthly rate would be $495.

20-Year Life Insurance Pricing (Male Tobacco; Age 57)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
57MenYes20 Years$25,000Americo$68
57MenYes20 Years$50,000Foresters$123
57MenYes20 Years$100,000Prosperity Life$239
57MenYes20 Years$250,000Prosperity Life$586

According to the table, a 57-year-old man who smokes and is looking for 20-year term life insurance would expect to pay different amounts depending on the coverage. At $25,000 of coverage, Americo charges $68 per month, Foresters charges $123 per month, and Prosperity Life charges $239 per month

At $50,000 of coverage, Foresters charges $123 per month. At $100,000 of coverage, Prosperity Life charges $239 per month. At $250,000 of coverage, Prosperity Life charges $586 per month.

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30-Year Term Rates (Male Smokers; Age 57)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
57MenYes30 Years$25,000Americo$96
57MenYes30 Years$50,000Americo$185
57MenYes30 Years$100,000Americo$363
57MenYes30 Years$250,000Americo$896

The table above shows rates for a 30-year term life insurance policy for a 57-year-old male smoker from Americo. The coverage ranges from $25,000 to $250,000, and the corresponding monthly rates are $96, $185, $363, and $896, respectively

Generally, the more coverage a policyholder purchases and the higher their age, the higher the rate. As seen here, the rate for a 57-year-old male smoker goes from $96/month for $25,000 in coverage, to $896/month for $250,000 in coverage.

20-Year Term Premiums (Women; Age 57)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
57WomenNo20 Years$25,000Mutual of Omaha$39
57WomenNo20 Years$50,000American Amicable$35
57WomenNo20 Years$100,000American Amicable$63
57WomenNo20 Years$250,000American Amicable$142

Based on the table, the cost of 20-year term life insurance for women age 57, who do not smoke, varies depending on the coverage amount. For example, those seeking $ 25,000 in coverage from Mutual of Omaha can expect to pay a monthly rate of $39, whereas $100,000 in coverage from American Amicable costs $63, and $250,000 of coverage costs $142 a month

The table also shows that American Amicable offers the lowest rates across all coverage amounts, ranging from $35 for $50,000 of coverage to $142 for $250,000 of coverage. The highest rate is $39 for $25,000 of coverage from Mutual of Omaha. The cost of 20-year term life insurance for women at the age of 57 with no smoking habit increases as the coverage amount increases.

30-Year Term Policies (Women; Age 57)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
57WomenNo30 Years$25,000Americo$56
57WomenNo30 Years$50,000Americo$105
57WomenNo30 Years$100,000Americo$203
57WomenNo30 Years$250,000Americo$495

The table above provides an overview of term life insurance coverage for a 57-year-old woman, provided by the company Americo. The term life insurance policy options vary in coverage, from a low of $25,000 to a high of $250,000

As is typically the case with life insurance, the cost of an insurance policy increases with higher coverage. Consequently, the monthly rate for a 30-year term policy with $25,000 coverage comes in at $56, while the same policy with $250,000 coverage costs $495.

20-Year Term Monthly Premiums (Women Smokers; Age 57)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
57WomenYes20 Years$25,000Mutual of Omaha$66
57WomenYes20 Years$50,000American Amicable$87
57WomenYes20 Years$100,000American Amicable$168
57WomenYes20 Years$250,000American Amicable$391

According to the table, term life insurance for a 57-year-old female smoker can vary greatly depending on the company and coverage amount. American Amicable is the most expensive choice among the options, with a monthly rate of $391 for a 20-year, $250,000 coverage

Mutual of Omaha is the cheapest option, with a rate of $66 for a 20-year, $25,000 coverage. For $50,000 coverage, American Amicable offers a monthly rate of $87, and for $100,000 coverage, the rate is $168. All plans, regardless of company and coverage amount, offer a term of 20 years.

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30-Year Term Insurance Quotes (Female Smokers; Age 57)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
57WomenYes30 Years$25,000Americo$96
57WomenYes30 Years$50,000Americo$185
57WomenYes30 Years$100,000Americo$363
57WomenYes30 Years$250,000Americo$896

This table illustrates the cost of 30-year term life insurance for a 57-year-old female smoker. Specifically, it provides cost information for insurance policies of coverage options of $25,000, $50,000, $100,000 and $250,000

The insurer, Americo, provides all the premiums indicated in the table and the monthly rate increases proportionally with the coverage amount. For a 57-year-old female smoker, the monthly rate of a $25,000 policy would be $96. The monthly rate of a $50,000 policy would be $185, a $100,000 policy would cost $363 per month, and the monthly rate of a $250,000 policy would be $896

These rates represent the cost of term life insurance with Americo and could provide valuable protection for a family in the event of the policy holder's untimely death.

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