Whole Life Insurance Rates by Age Chart

Kim Wilhelm CEO of Final Expense Direct Life Insurance
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Written by Kim Wilhelm

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Last Updated 24 May 2022

When you’re shopping for permanent life insurance, how do you know which company has the best whole life insurance policy? The best way to find out is to do a whole life insurance rates comparison.

A whole life insurance rates comparison can help you find the cheapest rates with the best company. 

And if you work with Final Expense Direct, we do all the shopping for you at no extra cost! 

We’ll ask you a few questions about your health and coverage needs, then provide quotes that fit those needs. We make it fast and easy so you don’t have to waste your valuable time comparing, analyzing, and stressing over which company is your best choice.

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Why Should I Buy Whole Life Insurance?

Whole life insurance has several features that make it a better choice to buy than term life insurance if you have a permanent need for life insurance. Term is great for temporary needs, like paying off a mortgage or other debt, but permanent needs like paying for a funeral makes whole life insurance the best solution.

Buying final expense whole life insurance allows you to lock in your rates and coverage for life. Your premiums will never increase and your coverage will never decrease. 

Another benefit to whole life insurance is cash value. The policy includes a savings account which builds over time, and you can access the cash value while you’re still alive if you need it. 

Think of the cash value as your living safety net and the death benefit as your dying safety net. When the Good Lord calls you home, your beneficiary will receive the death benefit to pay for your funeral, cremation, and other final expenses.

If your family can’t afford to bury or cremate you once you’re gone, a whole life funeral insurance plan is the perfect solution. 

As a senior, you never know how much time you have left until the Good Lord is ready for you. Putting a plan in place today with a whole life burial insurance policy will provide you peace of mind so you can enjoy what’s left of your golden years.

Whole Life Insurance Rates by Age Chart

Wondering how much whole life final expense insurance will cost you? Check out our whole life insurance rates by age chart. It includes sample rates from 8 whole life burial insurance carriers with the average life insurance cost per month.

$5,000 Whole Life Insurance Rates Chart

Check out sample rates that include the average life insurance cost per month from 7 different whole life insurance companies. Sample rates are based on 50, 60, and 70 year old men and women who are nonsmokers and in good health

$5,000 Whole Life Insurance by Age Rates Chart

$10,000 Whole Life Insurance Rates Chart

Check out sample rates that include the average life insurance cost per month from 7 different whole life insurance companies. Sample rates are based on 50, 60, and 70 year old men and women who are nonsmokers and in good health.

$10,000 Whole Life Insurance by Age Rates Chart

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$15,000 Whole Life Insurance Rates Chart

Check out sample rates that include the average life insurance cost per month from 7 different whole life insurance companies. Sample rates are based on 50, 60, and 70 year old men and women who are nonsmokers and in good health.

$15,000 Whole Life Insurance by Age Rates Chart

$25,000 Whole Life Insurance Rates Chart

Check out sample rates that include the average life insurance cost per month from 7 different whole life insurance companies. Sample rates are based on 50, 60, and 70 year old men and women who are nonsmokers and in good health.

$25,000 Whole Life Insurance by Age Rates Chart

FAQ Whole Life Insurance Rates by Age Chart

Does Whole Life Insurance Get More Expensive as You Get Older?

Unlike term life insurance, whole life insurance does not get more expensive as you get older. While you can lock in a certain number of years of term insurance, to renew it or buy a new policy, you’ll pay more. But with whole life insurance, you’ll lock in your rates for life, so you’ll never pay more, no matter how long you live.

How Much Does 100k Whole Life Insurance Cost?

How much 100k whole life insurance costs depends on your age, gender, health status, occupation, lifestyle habits, and tobacco usage. To get a quote on 100k whole life insurance, submit your information online or call Final Expense Direct today.

What Age Should I Get Whole Life Insurance?

If you’re thinking of buying whole life insurance, the best age to get it is the age you are now. With each birthday, your cost of whole life insurance increases. The younger you are, the cheaper your coverage will be, and the sooner you can lock in low rates.

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Can a 60 Year Old Get Whole Life Insurance?

Yes, a 60 year old can get whole life insurance. At Final Expense Direct, we work with companies offering final expense whole life insurance for seniors without a medical exam. You can choose to answer health questions to get a cheaper rate, but if you’re in poor health, we have carrier plans that don’t ask any health questions and you’re guaranteed to be approved for.

Do You Need Life Insurance After Age 65?

You are the only one who can decide if you need life insurance after age 65. If you don’t have enough savings to pay for your funeral and final expenses, and your family or loved ones can’t afford to pay for it, it’s a good idea to get a final expense whole life insurance plan in place to pay for it.

How Much is Life Insurance for a 55 Year Old?

How much you’ll pay for life insurance for a 55 year old depends on a few factors, like if you have any health conditions, whether you’re a smoker, your gender, the type of life insurance you need, the amount of coverage, and the company you buy life insurance from. To get quotes from several carriers to compare, fill out our quote form or call Final Expense Direct today.

What Happens to Employer Life Insurance After Retirement?

Most employer life insurance isn’t portable, which means you can’t take it with you after retirement. Once you retire, the policy cancels and you no longer have coverage. That’s why it’s so important to get individual life insurance that you pay yourself. While it might cost more than employer life insurance, individual whole life insurance can’t be canceled unless you stop making payments or cancel it yourself.

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