Life Insurance Rates For a 56 Year Old Male
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Published on December 4, 2022
Information provided in the rate charts below include life insurance rates for a healthy 56 year old male. The rates are included for both 10 and 20 year term life insurance products from the highest rated life insurance providers. It is possible to qualify for a better rate however, excellent health would be required. Taking a medical exam can be one of the best ways to lock in a preferred or preferred plus rate for life insurance.
10 Year Life Insurance Rates for a 56 Year Old Male
| Company | $250,000 | $300,000 | $400,000 | $500,000 | $750,000 | $1,000,000 |
|---|---|---|---|---|---|---|
| Haven | $73 | $86 | $113 | $139 | $206 | $272 |
| Ladder | $70 | $83 | $109 | $116 | $172 | NA |
| Mutual of Omaha | $54 | $64 | $84 | $99 | $146 | $178 |
| Banner | $49 | $58 | $76 | $87 | $128 | $179 |
| Protective | $52 | $62 | $83 | $94 | $141 | $179 |
| Prudential | $53 | $62 | $81 | $99 | $145 | $174 |
15 Year Life Insurance Rates for a 56 Year Old Male
| Company | $250,000 | $300,000 | $400,000 | $500,000 | $750,000 | $1,000,000 |
|---|---|---|---|---|---|---|
| Haven | $98 | $117 | $154 | $193 | $286 | $380 |
| Ladder | $86 | $103 | $136 | $149 | $221 | NA |
| Mutual of Omaha | $78 | $92 | $121 | $145 | $215 | $273 |
| Banner | $62 | $74 | $97 | $117 | $173 | $224 |
| Protective | $70 | $85 | $113 | $132 | $198 | $252 |
| Prudential | $78 | $92 | $121 | $149 | $220 | $285 |
20 Year Life Insurance Rates for a 56 Year Old Male
| Company | $250,000 | $300,000 | $400,000 | $500,000 | $750,000 | $1,000,000 |
|---|---|---|---|---|---|---|
| Haven | $150 | $179 | $156 | $237 | $442 | $591 |
| Ladder | $112 | $133 | $176 | $186 | $276 | NA |
| Mutual of Omaha | $100 | $119 | $157 | $184 | $273 | $344 |
| Banner | $80 | $95 | $125 | $148 | $220 | $298 |
| Protective | $88 | $106 | $141 | $166 | $249 | $317 |
| Prudential | $110 | $131 | $172 | $213 | $317 | $401 |
A perfect bill of health can result in accelerated underwriting or life insurance that does not require a medical exam at all. A 56 year old male in good health may want to still inquire about the physical that is provided by life insurance companies when applying for coverage. The benefits of the physical exam are that it is free and can provide the best rates possible.
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