Life Insurance at Age 66: How to Find the Best Rates

life insurance age 66

The key to finding the right policy at age 66 is to have options. We work with dozens of the best rated life insurance companies. This allows us to align each client with the right company, providing our clients the best shot at finding the lowest life insurance rates by age. Call us today to see what we can do for you!

Life insurance at age 66

If you’re 66 years old and you do not have life insurance yet or your existing policy is going to be expiring in the next 4 or 5 years, then this article is meant for you.

In this article, we’re going to discus the realities of getting life insurance at age 66, and provide some useful tips to help you ensure that you’re able to secure the best life insurance option for you and your family. You may find that the requirements are now a bit harder than when you were younger, especially if you are looking for a million dollar life insurance policy or more.

With that being said, let’s take a quick look at few important things you need to know before you make any decisions about getting life insurance in your 60s.

Life Insurance at Age 66: How to Find the Best Rates

This article will cover the following topics:

#1.  Get it now!

Since age is typically going to be the number one factor determining the premium that an applicant will pay you don’t want to wait another year before buying.  So today really is the cheapest your insurance is going to ever be for you.  So don’t delay!

***Now it should be noted that in some cases delaying getting coverage may make sense, for example:

  • You are currently trying to stop smoking and need to wait a year to get non-tobacco rates.
  • You need to wait a year to clear up a DMV issue.
  • You have a pre-existing medical condition that may require a waiting period before a life insurance company will underwrite you.

However, for most 66 year old’s looking to buy affordable life insurance, waiting only means one thing: your life insurance policy is going to cost more when you finally do decide to take the next step and apply.

#2.  Don’t let the price tag scare you!

A lot of clients in their late 60s will have been quoted some outrageous price for life insurance and immediately think that they’ve waited too long and there’s no hope for them.  No while it’s true that life insurance at age 66 is going to be more expensive than at age 36, it doesn’t mean that it’s completely unaffordable.

So be sure that when you are ready to buy, that you find an agent that:

Sample Life insurance for 66 year old male quotes

Quotes based on a preferred plus rate class for a 10, 15, and 20 year term and a Guaranteed Universal Life to age 121

Face Amount
10 year
15 year
20 year
GUL to 121

Sample Life insurance for 66 year old female quotes

Quotes based on a preferred plus rate class for a 10, 15, and 20 year term and a Guaranteed Universal Life to age 121

Face Amount
10 year
15 year
20 year
GUL to 121


#3.  Not all Insurance Carriers are the same!

This is particularly true for in the case of life insurance for a 66 year old.  As a consumer it’s important to know that each insurance company has its own rules and guidelines that it will use when underwriting an application.  Some insurance companies may have use very strict guidelines when it comes to certain preexisting conditions while other carriers may not be concerned about them at all.  This is why it’s really important to know which carrier to use and why!

Which brings us to our next point…variety is the key to saving money!

#4.  Find someone that is working for you, not the insurance company.

In order to get the best rates on life insurance at age 66 you need options. With so many options to choose from and so many different carriers competing for your business, it’s key for you to work with an agency that is not bound to any one specific life carrier.  When searching for the best life insurance at age 66 you need to be sure that your agent can shop your application to dozens of different life insurance carriers forcing them to compete for your business.

Only by choosing to work with an agency that represents multiple life insurance carriers can you ensure that you are getting the best policy to protect you and your family.  After all…

Doesn’t it make sense to work with an agency whose sole focus is you?

Totally confused?…. Don’t be, this is where TermLife2Go steps in, as an independent agency our agents are committed only to you and your family.  Our main goal is to help guide you through the process of:


We’d like to take a moment and acknowledge that age 60, sometimes, life insurance isn’t SUPER easy to qualify for.  Plus, depending on how much insurance you’re looking for, it can also be pretty expensive.  We get that!

And while…

We would all love to be able to purchase a 100 million dollar term or whole life insurance policy for our loved ones, the truth is for many of us, having that “amount” of discretionary income simply isn’t available.  Particularly if you’re currently nearing retirement or you’re already “working” with a fixed budget!

This is why…

We’ve also chosen to write several articles sharing some of the knowledge that we have acquired over the years working with 1000’s of clients concerning how they make a living.

You see…

Just about every time we complete a life insurance application for one of our clients, one of the first questions that we have to ask is:

“what do you do for a living?” and “what would you estimate your annual income as?

Which means that over the years, we’ve become really familiar with a wide range of different career paths and opportunities that a person can take.  We’ve also been AMAZED at how many “so called” retires go on to take advantage of many the new part time employment opportunities that seem to be available now due to the ever growing “GIG” economy.

And since…

Our number one goal here at TermLife2Go is to help individuals and families secure their own financial security and independence, we wanted to share with you what we’ve learned.

So, after you’ve had a chance to visit our Life Insurance Quotes page feel free to check out our 100 Ways to Make Money Fast and our Top 23 Apps That Will Make You Money.

4 comments... add one
  1. steve marshall

    Hi, I am 66, a British national living as a resident in Spain. I would like to leave some cash for my partner, Sally who is 62. I was prompted to write following the untimely death of a friend only 54 who it transpires had no life insurance!
    I have a pre-existing heart condition for about 34 years. Had a stent put in about 8 years ago and a defibrillator 3 years ago. Oh yes I had a replacement right hip about 10 years ago. My meds keep me stable and I go for regular health reviews.
    Can you help. Thanks in anticipation.

    • TermLife2Go

      Mr Calder,

      To determine ones life insurance rate, one will need a lot more information that just one’s age. Why don’t you give us a call when you have a chance and we’ll see what we can do for you.



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