Well, it depends on your age and health, and the insurance company you contact for your coverage.
The way to find cheap life insurance for people over 60 years pf age is to consider term life insurance.
Permanent life insurance can cost as much as 5-10 times more than the same amount of term insurance. Because it provides lifetime coverage and builds cash value inside the policy, permanent insurance cost a lot more than term.
Term life insurance offers you the flexibility of choosing coverage that will last for the duration of time you need protection, up to 20 or 30 years, depending on your current age and health.
Most insurers will offer term life for a period (term) of 10, 15 or 20 years, for people in their sixties.
The longer your term, the higher your cost of insurance.
Ways to get cheaper life insurance include the following:
- Choose term life insurance.
- Compare rates from multiple life insurance companies.
- Use a life insurance needs calculator to determine how much coverage you really need.
- Quit smoking, since smokers pay a lot more for life insurance.
- Get healthy - lower your cholesterol, eat healthy and exercise.
- Lose weight - people who are obese or overweight pay a lot more for life insurance.
Learn more about finding cheap life insurance for people 60 and over.