When applying for life insurance at age 56, the biggest factors that affect your premium will be: to be the type of coverage needed and your health.
Normally when you reach your mid-fifties you are almost always dealing with some form of medical condition or medication.
We see everything from people who only take one blood pressure medication to insulin-dependent diabetics, to Olympic athletes in star health. The point is if you have excellent health or have any existing conditions, we have many life insurance options for 56-year-olds from highly ranked companies.
Existing health conditions?
AIG Direct specializes in insurance people just like you. From high blood pressure to diabetes, AIG Direct has seen everything and since they have access to several companies, they can find the absolute lowest prices! Click below to see if you qualify.
The quote is fast, easy, and free!
Life insurance at 56 years – types of insurance
Ninety percent of my customers who buy life insurance at age 56 only need coverage for 10, 15 or 20 year.
This is because their purpose of coverage is to compensate for lost income from their jobs.
Since most people at this age will only work for another 10 to 20 years, it is understandable that they will no longer need life insurance at retirement.
If this is your situation, the term life insurance is the answer for you. With futures insurance, you can buy a large coverage at a reasonable premium and be used to meet temporary insurance needs. However, you may need permanent coverage.
If your desire is to get lifelong coverage, whole life insurance can be your solution.
Get your quote now!
How much does life insurance cost at 56 years old?
Below you will find a couple of examples of healthy male and female non-smokers who need life insurance at the age of 56. These prices assume a class "preferred plus non-tobacco".
20 years life insurance
|Death benefit||$ 500,000||$ 1,000,000|
|56 year old man||$ 1655 / year||$ 3135 per year|
|56 year old woman  $ 1205 / year||$ 2215 per year|
Guaranteed lifetime benefits
|Death benefit||$ 100,000||$ 250,000|
|Male – Age 56||$ 1169 / year||$ 2833 per year|
|Female – Age 56  $ 966 / year||$ 2388 per year|
Please note that the quote is subject to change. Your actual premium may be higher if you can not qualify for the best class.
RELATED: Check Examples of Life Insurance Rates by Age (No personal information required)  To determine if you can qualify for this rating, we need to know your date of birth, tobacco use or non-smoker, Length and weight.
Some other factors that may affect a life insurance rating are:
It is important to reveal whether any of these apply to you for an exact quote. 19659019] How is a 56-year-old's classification class determined?
In the example above, if the 56-year-old man or woman is taking any medication for well-controlled blood pressure, cholesterol, or mild anxiety, the quote may be correct.
Some common high-risk medical problems that may release the life insurance app licant in the 50s of preferred plus status may be: