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Term Life Insurance Rates for 68-Year-Olds

Finding the right life insurance policy can be a daunting task. It’s important to consider your needs and available options before making a decision

But when it comes to term life insurance, things can become especially complicated due to the increasing costs of premiums with advancing age. In this article, we will break down the costs of term life insurance for 68-year-olds so that you can make an informed decision about the best policy for you.

Table of Contents

20-Year Term Life Insurance Cost (Men; Age 68)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
68MenNo20 Years$25,000Americo$95
68MenNo20 Years$50,000Americo$182
68MenNo20 Years$100,000Americo$357
68MenNo20 Years$250,000Americo$880

This table displays the rates for a 20-year term life insurance policy for a 68-year-old male smoker from Americo. For a 20-year term life policy with a $25,000 coverage, the rate is $95 a month

The rate increases to $182 per month for a policy with a $50,000 coverage, $357 per month for a $100,000 coverage, and $880 per month for a $250,000 coverage.

20-Year Term Premiums (Women; Age 68)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
68WomenNo20 Years$25,000Americo$95
68WomenNo20 Years$50,000Americo$182
68WomenNo20 Years$100,000Americo$357
68WomenNo20 Years$250,000Americo$880

This table illustrates the potential cost of term life insurance for a 68-year-old woman who is a non-smoker. The term life policies in the table range in duration from 20 years and coverage amounts from $25,000 to $250,000

The company listed is Americo. The monthly rates for the policies correspond to their coverage amounts, with the more comprehensive plans requiring more expensive premiums. For example, for a 20-year policy with a coverage amount of $25,000, the monthly rate is $95, and for a coverage amount of $250,000, the corresponding monthly rate is $880.

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* Based on website quote requests, through 2/28/23.
(Check your rate to see their rates vs. ours)