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Term Life Insurance Rates for 70-Year-Olds

When we reach our 70s, life insurance may not be at the front of our minds – but understanding how much term life insurance could cost us could be more important than we realize. After all, life insurance is all about providing financial security to our loved ones in the event of our death

In this article, we’ll cover the basics of term life insurance, risks and considerations for those aged 70 and over, and what the potential cost of such a policy might be.

Table of Contents

20-Year Term Life Insurance Cost (Men; Age 70)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
70MenNo20 Years$25,000Americo$117
70MenNo20 Years$50,000Americo$226
70MenNo20 Years$100,000Americo$445
70MenNo20 Years$250,000Americo$1,100

The table shows the cost of 20-year term life insurance for a 70-year-old male who is not a smoker. The cost varies based on the amount of coverage

For example, for a $25,000 coverage, the cost is $117 per month. For $50,000 of coverage, the cost is $226 per month. For $100,000 of coverage, the cost is $445 per month

And for $250,000 of coverage, the cost is $1,100 per month.

20-Year Term Premiums (Women; Age 70)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
70WomenNo20 Years$25,000Americo$117
70WomenNo20 Years$50,000Americo$226
70WomenNo20 Years$100,000Americo$445
70WomenNo20 Years$250,000Americo$1,100

The table above reveals the cost of term life insurance premiums for 70-year-old women. The specified term period is 20 years and the premiums are from a single company—Americo

The table shows that the premium for a $25,000 term life insurance policy is $117. When the coverage increases to $50,000, the monthly rate goes up to $226. If you’re looking for a $100,000 policy, the premium is $445, and for $250,000 coverage, the monthly rate is $1,100

Premium prices tend to increase with age, and this table is no exception.

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* Based on website quote requests, through 2/28/23.
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