The cost of term life insurance for a 65-year-old can vary depending on several factors. These factors include the coverage amount, the length of the term, the health of the individual, and the insurance provider. Generally, the older you are, the higher the premiums will be.
To give you a rough estimate, a 65-year-old individual in good health can expect to pay anywhere from $100 to $500 per month for a 10-year term policy with a coverage amount of $250,000. However, it's important to note that this is just a general estimate and your actual premium may be higher or lower based on your specific circumstances.
It's advisable to reach out to different insurance providers and request quotes to get a more accurate idea of the cost. They will consider your age, health, and other factors to provide you with a personalized quote. Additionally, working with an insurance specialist can help you navigate through the options and find the best policy that suits your needs and budget.
Keep in mind that term life insurance is generally more affordable than permanent life insurance, but it only provides coverage for a specific term, such as 10, 20, or 30 years. It's important to carefully review the policy terms and benefits to ensure it aligns with your financial goals and provides adequate coverage for your loved ones in the event of your passing.' }