Actually, term insurance for people over 50 is available, and the rates are usually much lower than you might pay for whole (permanent) life insurance if you are age 50 or over.
Over 50 term insurance may offer you options of 10, 15, or 20 year term life policies.
However, since life insurance acceptance and rates are based on your life expectancy, someone 50 or over may find it difficult to buy a term life insurance plan offering coverage for a 30 year term.
The lowest priced term insurance for someone over 50 would be a 10 year term policy, and the rates would increase with the increase in term for 15 or 20 year plans.
One way to compare rates for all terms available for a term insurance policy for people 50 or over is to request free quote comparisons online from several leading life insurers.
Here's how you can learn more about Over 50s Life Insurance and request your quotes for term insurance for 50 and older.
Insurance without any Medical Exam,
Just a Few Health Questions.
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