Written by Cory Levine, Life Insurance Expert ✅
Founder of The Life Insurance Professionals · Licensed since 2018 · Boca Raton, FL, serving families nationwide
Editorial disclosure
This article was written by Cory Levine, a licensed independent life insurance agent, for general education. It is not financial, tax or legal advice. Cory may earn a commission if you buy a policy through him, and that never changes what he recommends. Rates, benefits and availability vary by company, state and underwriting.
Helping families since 2018. Content follows our editorial standards to protect consumers.
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Cory Levine is an independent life insurance agent in Boca Raton, Florida, serving families nationwide. After losing his wife in 2017 and raising his children on his own, he helps families compare term life with living benefits, indexed universal life, permanent coverage and annuities, with honesty and no pressure. Read Cory’s full bio
Yes, you can still buy term life insurance in your 60s. For a healthy non-smoker, $250,000 of 10-year term can cost about $49.50 to $174.46 a month in the best rate class. The real rates below come straight from a top-rated company’s quote system, along with when a different kind of coverage makes more sense.
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In your 60s, life insurance is usually about protecting a spouse, paying off what’s left on the house, covering final expenses or leaving something behind. The right answer depends on how long you need the coverage.
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Real term life insurance rates in your 60s
These are real monthly prices for a Florida resident, pulled on October 16, 2026. “Best class” is the healthiest rate class. “Standard” is a typical healthy non-smoker who doesn’t quite make the top class. Prices below are for a 10-year term.
| Age | $250K best class | $250K standard | $500K best class | $500K standard |
|---|---|---|---|---|
| Man, 60 | $68.20 | $121.00 | $124.08 | $219.12 |
| Man, 65 | $111.32 | $190.52 | $214.72 | $349.36 |
| Man, 69 | $174.46 | $297.88 | $333.52 | $554.84 |
| Woman, 60 | $49.50 | $82.06 | $88.44 | $151.36 |
| Woman, 65 | $75.68 | $124.08 | $139.04 | $242.00 |
| Woman, 69 | $115.94 | $191.62 | $215.60 | $373.12 |
Your age for insurance is usually your age at your nearest birthday, so a few months before your birthday, many companies already price you at the next age.
How long a term can you get in your 60s?
Shorter terms stay available longer. At this company, a 20-year term was available at 60 and 65, but at 69 only 10- and 15-year terms were offered. For a healthy 65-year-old man, $250,000 in the best class costs:
- 10-year term: $111.32 a month
- 15-year term: $155.76 a month
- 20-year term: $241.12 a month
Why waiting costs more in your 60s
Same healthy man, $250,000, 10-year term, best class: $68.20 a month at 60, $111.32 at 65 and $174.46 at 69, about 2.6 times the price. A new health diagnosis can raise it even more.
How smoking changes the price
Here’s the same $250,000, 10-year policy at standard tobacco rates:
- Man: $343.86 at 60, $538.12 at 65, $787.60 at 69
- Woman: $269.28 at 60, $417.34 at 65, $600.38 at 69
Term or permanent coverage in your 60s?
Term fits when you need a large amount for a set time: the last years of a mortgage, or protecting a spouse until retirement savings are settled.
Permanent coverage fits when you want it to last for life: final expenses, a guaranteed inheritance, or estate planning. Term can run out before you do. Read Can I get life insurance over 50, 60 or 70? and Is guaranteed issue life insurance worth it for seniors?, or see my senior life insurance page.
If you’re near or in retirement, protecting what you’ve saved matters too. See 401(k) rollovers and annuities and what a market crash does to your 401(k) near retirement.
Why this matters to me
I lost my wife in 2017 and have raised my children on my own since. I know exactly what it means when a family loses a parent and a paycheck. That’s why I want every family to lock in coverage while it’s affordable, and to get it right the first time.
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Frequently asked questions
Can a 65-year-old get term life insurance?
Yes. A healthy 65-year-old can get $250,000 of 10-year coverage for about $75.68 to $111.32 a month in the best class, based on the rates above.
Is term or final expense better for seniors?
It depends on what you’re covering. Term gives more coverage for a set time. Final expense is smaller but lasts for life. Many healthy seniors qualify for better options than the TV plans with a two-year wait.
Do I need a medical exam in my 60s?
Not always. Some policies only ask health questions, but if you’re healthy, an exam can sometimes earn a better price.
How does cost change after 60?
Faster every year. See How much does life insurance cost at 60 and 70?
Find out what you qualify for
The cheapest day to buy term life insurance is today. Answer a few quick questions and see your own rate, or talk it through with me. No pressure, no dozen applications.
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Prefer to talk now? Call 561-542-8610.
Sample rates are monthly premiums from one top-rated insurance company’s term quote system for a Florida resident, pulled October 16, 2026, for illustration only. Your actual rate depends on the company, your state, your age, your health, your tobacco use and full underwriting. Rates and availability can change at any time. This article is for general education and isn’t financial, legal or tax advice. Living benefit availability varies by company, policy and state.
The Life Insurance Professionals · Cory Levine · Life insurance in Boca Raton, FL, serving families nationwide
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I’m Cory Levine, an independent agent and a widower raising my children. I know what the right policy means to a family. I compare top-rated companies, not just one, to find you honest options: coverage that protects your family, living benefits you can use while you’re alive, and income you can’t outlive.
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About Cory Levine
Cory Levine is an independent life insurance agent and founder of The Life Insurance Professionals, based in Boca Raton, Florida and serving families nationwide. Licensed since 2018, he has helped hundreds of families protect what matters most. After losing his wife in 2017 and raising his children on his own, he knows firsthand what the right coverage means to a family. Guided by his faith, Cory treats every family he helps as a responsibility, not a sale, with honesty, transparency and no pressure. He compares top-rated companies to find honest options: term life with living benefits, indexed universal life, permanent coverage, and annuities, including 401(k) rollovers and retirement income you can’t outlive. Florida License W526357.
“Do nothing out of selfish ambition or vain conceit. Rather, in humility value others above yourselves.” — Philippians 2:3 (NIV)
