Age 62

call me: (910) 328-0447
contact me

 

Guaranteed Universal Life (GUL) is much less expensive than Whole Life and locks in coverage at a fixed rate to a designated age. GUL sample quotes: fixed premium, lifetime permanent life insurance, no lapse guarantee to age 120.  Please refer here for a full range of product and carrier recommendations for those in their 60’s.

 

Female – 62 years old

Face Amount Monthly at Preferred Best . Monthly at Standard Guarantee Period Top Carrier
$25,000 $40.00 $53.00  Age 120 (approximate)
$50,000 $74.00 $93.20  Age 120 (approximate) at preferred best; Symetra at standard
$100,000 $123.00 $163.00  Age 120 (approximate)
$250,000 $299.00 $386.05  Age 120 (approximate) at preferred best; Symetra at standard
$500,000 $593.00 $752.15  Age 120 (approximate) at preferred best; Symetra at standard
$1,000,000 $1,151.00 $1,484.30  Age 120 (approximate) at preferred best; Symetra at standard
$2,000,000 $2,297.00 $2,968.50  Age 120 (approximate) at preferred best; Symetra at standard
$5,000,000 $5,735.00 $7,241.50  Age 120 (approximate) at preferred best; Symetra at standard

 

 

Male – 62 years old

Face Amount Monthly at Preferred Best . Monthly at Standard Guarantee Period Top Carrier
$25,000 $46.00 $64.00  Age 120 (approximate)
$50,000 $87.00 $109.21  Age 120 (approximate) at preferred best; Symetra at standard
$100,000 $144.00 $193.00  Age 120 (approximate)
$250,000 $352.00 $466.20  Age 120 (approximate) at preferred best; Symetra at standard
$500,000 $698.00 $912.40  Age 120 (approximate) at preferred best; Symetra at standard
$1,000,000 $1,356.00 $1,804.80  Age 120 (approximate) at preferred best; Symetra at standard  
$2,000,000 $2,707.00 $3,609.60  Age 120 (approximate) at preferred best; Symetra at standard
$5,000,000 $6,760.00 $9,024.00  Age 120 (approximate) at preferred best; Symetra at standard

 

Closer to being 63 years old?  If over 62 and a half, see age 63 quotes, since most carriers set rates by nearest age. Backdating a policy up to six months to save previous age is generally permitted.

 

Please contact me for your free confidential quote.  Many more options available.

sean's profile picLicensed Agent: Sean Drummey
phone:  (910) 328-0447
email:   spdrummey@gmail.com

 

Lower premiums available on Guaranteed UL plans with the no lapse guarantee to age 90, age 95, age 100, age 105, age 110 or whatever age designated. Catch up premium options available with some plans.  Contact me for details.

Carriers and Products quoted:
Symetra Life Insurance Company: “Symetra Classic UL 120″

 

last revised: 9/11/2014  – approximate quotes to the nearest dollar; non tobacco: rates subject to change; quote accuracy or completeness not guaranteed

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2 comments

  1. jelly

    hi i just wanted to ask how many years do i have to pay if i want to avail the insurance policy for the my husband at age 62? what are the coverage, inclusions and exclusions to the policy?
    thank you so much

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