Life Insurance Over 50
Over 100 Annuity Carriers to Quote From. Here are a few of them!
Finding the right life insurance over 50 doesn’t have to be complicated. At Diversified Insurance Brokers, we specialize in helping clients in their 50s, 60s, and beyond secure coverage that meets their needs and budget. With decades of experience and access to over 100 top-rated insurance carriers, we can compare options side-by-side, ensuring you get the right policy at the best possible value. Whether you want term, whole life, or a final expense plan, we can guide you to the solution that provides lasting financial protection for your loved ones. Get a quote today to see your options.
Life Insurance Quoter
💡 Why Consider Life Insurance Over 50?
Even after age 50, life insurance can play a critical role in protecting your family and your financial legacy. Whether you’re still working, supporting dependents, paying off debt, or planning for final expenses, a well-chosen policy ensures your loved ones won’t face financial hardship when you’re gone.
🔍 Types of Policies Available
- Term Life Insurance: Provides coverage for a set period (10, 15, 20 years) with affordable premiums. Ideal for covering temporary needs like income replacement or mortgage protection.
- Whole Life Insurance: Offers lifetime coverage with fixed premiums and a cash value component that can be accessed while you’re alive.
- Guaranteed Universal Life (GUL): A flexible option that can provide lifetime coverage without the high costs of whole life.
- Final Expense Insurance: Smaller, permanent policies designed to cover funeral and burial costs, so your family isn’t burdened.
📊 Example Scenarios
- Age 52, Non-Smoker: May qualify for a 20-year term policy with $250,000 of coverage for significantly less than many expect.
- Age 60, Non-Smoker: Could secure $50,000 in whole life coverage to ensure funeral costs and debts are covered for life.
🎯 Who This Is a Good Fit For
- Parents or grandparents who want to leave a financial legacy
- Individuals with mortgages or debts to pay off
- Business owners needing key person or buy-sell coverage
- Anyone wanting to cover final expenses and avoid burdening family
📌 Why Work With Diversified Insurance Brokers
- Access to over 100 top-rated life insurance companies
- Experience securing coverage for both healthy and high-risk clients
- Guidance on policy types, riders, and benefits to match your goals
- Personalized quotes so you only pay for what you truly need
🚀 Benefits of Securing Life Insurance Now
- Premiums are lower the earlier you lock in coverage
- Peace of mind knowing your loved ones are financially protected
- Potential for cash value growth in permanent policies
- Flexibility to adapt your coverage as your needs change
Even if you think it might be too late, there are many affordable life insurance options over 50. Our team will help you explore your choices, find the best rates, and secure the coverage that fits your life today—and tomorrow.
FAQs: Life Insurance Over 50
Can I still qualify for life insurance after age 50?
Yes. Even at 50 and above, many health-rated life insurance policies are available. Your premiums may be higher than younger applicants, and acceptance depends on health status, type of policy, and amount of coverage.
What policy types are best for people over 50?
Term life, whole life, guaranteed universal life, and final expense policies are common options. Term can work well for temporary needs; whole life and GUL are better for lifetime protection; final expense helps with smaller death-benefit goals.
How much coverage can I get if I’m in my 50s or 60s?
It depends on health, smoking status, and the insurer. Common examples might be $250,000 for someone age 52 who is a non-smoker, or $50,000 whole life for someone age 60 to ensure funeral and end-of-life expenses are covered.
What affects the cost most for over-50 applicants?
Health conditions, smoking status, age, premium type (term vs permanent), face amount, and how many years until term expires or policy becomes paid up all play big roles. Lifestyle and medical exam results are also key factors.
Is final expense insurance a good option for me?
Yes, if your main goal is to pay funeral, burial, or small debts and you prefer lower death benefit amounts. It tends to have simpler underwriting and smaller face amounts, making it more accessible for older individuals.
What is Guaranteed Universal Life (GUL) and how is it different from whole life?
Guaranteed Universal Life provides steady, lifelong death benefit with fixed premiums and little-to-no cash value buildup. Whole life, by contrast, includes cash value that grows but typically costs more.
When should I lock in coverage?
Earlier is generally better because premiums rise with age. Locking in coverage while health is good can save significantly. Also, locking a term policy now secures lower cost for a set period.
Do I need a medical exam?
Possibly. Many policies require a medical exam or medical questionnaire, especially for larger or permanent policies. Final expense or simplified issue plans may waive exams for smaller amounts.
What if I have health issues?
You may still qualify. Insurers consider your overall health, medical records, and how well any chronic conditions are managed. Policy choices may be more limited or premiums higher, but there are carriers who specialize in higher-risk underwriting.
Is it too late to get good coverage?
No. While costs increase over time, there are still solid options available in your 50s, 60s, and beyond. It’s about matching the policy type, benefit amount, and carrier to your needs and budget.
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About the Author:
Jason Stolz, CLTC, CRPC, is a senior insurance and retirement professional with more than two decades of real-world experience helping individuals, families, and business owners protect their income, assets, and long-term financial stability. As a long-time partner of the nationally licensed independent agency Diversified Insurance Brokers, Jason provides trusted guidance across multiple specialties—including fixed and indexed annuities, long-term care planning, personal and business disability insurance, life insurance solutions, and short-term health coverage. Diversified Insurance Brokers maintains active contracts with over 100 highly rated insurance carriers, ensuring clients have access to a broad and competitive marketplace.
His practical, education-first approach has earned recognition in publications such as VoyageATL, highlighting his commitment to financial clarity and client-focused planning. Drawing on deep product knowledge and years of hands-on field experience, Jason helps clients evaluate carriers, compare strategies, and build retirement and protection plans that are both secure and cost-efficient.
