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Life Insurance 50

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Life Insurance Under 50 vs. Over 50-Do Premiums Substantially Insurance Once You Turn 50? Life insurance rates are based on life expectancy and not a specific birthday. Let me show you an example: A 49 Year old male applying for a $250k 10-year term life policy with Protective Life at the preferred rate class will pay $34.23 a month. That same policy with Protective will cost $37.24 at 50 years old. As you can see the rate goes up at age 50, but not by a lot. (It’s about the same % increase from age 50 to age 51.)  The […]