Life Insurance For 62 Year Old Male
noexam
Published on December 5, 2022
Below we have compiled life insurance rates for a 62 year old male in very good health. The life insurance companies providing rates are some of the most well known in the Nation. Term life insurance is available for 62 year old males in term limits of 10, 15 and 20 year periods of coverage. The longer the term limit, the more expensive the premium and vice versa.
10 Year Life Insurance Rates for a 62 Year Old Male
| Company | $250,000 | $300,000 | $400,000 | $500,000 | $750,000 | $1,000,000 |
|---|---|---|---|---|---|---|
| Haven | $152 | $181 | $239 | $296 | $441 | $585 |
| Mutual of Omaha | $105 | $125 | $165 | $196 | $292 | $372 |
| Banner | $90 | $107 | $142 | $162 | $241 | $325 |
| Protective | $94 | $113 | $150 | $177 | $265 | $333 |
| Prudential | $96 | $114 | $150 | $185 | $275 | $344 |
15 Year Life Insurance Rates for a 62 Year Old Male
| Company | $250,000 | $300,000 | $400,000 | $500,000 | $750,000 | $1,000,000 |
|---|---|---|---|---|---|---|
| Haven | $214 | $256 | $339 | $423 | $632 | $843 |
| Mutual of Omaha | $143 | $170 | $225 | $272 | $405 | $525 |
| Banner | $114 | $136 | $180 | $218 | $325 | $417 |
| Protective | $130 | $156 | $208 | $245 | $368 | $469 |
| Prudential | $146 | $174 | $229 | $285 | $424 | $547 |
20 Year Life Insurance Rates for a 62 Year Old Male
| Company | $250,000 | $300,000 | $400,000 | $500,000 | $750,000 | $1,000,000 |
|---|---|---|---|---|---|---|
| Haven | $352 | $421 | $560 | $702 | $1050 | $1403 |
| Mutual of Omaha | $201 | $240 | $318 | $381 | $569 | $737 |
| Banner | $180 | $215 | $285 | $308 | $460 | $631 |
| Protective | $177 | $213 | $284 | $336 | $505 | $645 |
| Prudential | $218 | $260 | $344 | $428 | $639 | $794 |
Certain life insurance companies will provide a small discount for applicants who plan to pay for their life insurance in annual installments. That is, paying the full twelve-month premium in one lump sum versus monthly.
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