74 year Old Best Life Insurance

for age 74 life insurance call: (910) 328-0447
request a quote

Permanent life insurance for an age 74 year old male or female Guaranteed Universal Life is better than Whole Life, because it is less expensive and locks in coverage at a fixed rate up to a lifetime, age 120 or longer. Here are a full range of product and carrier recommendations for individuals in their 70’s. Go here for age 74 Whole Life final expense quotes.

Stay away from term life insurance as a senior in your mid 70’s.  It’s cheaper for a reason. Term coverage at some point ends or goes way up in premium. Guaranteed lifetime coverage remains at a fixed premium. You may set the guarantee to age 90, age 95 or whatever age to lower costs.

Female – 74 year old

Face
Amount
Monthly at
Preferred
Best
Monthly at
Standard
Guarantee
Period
Top Carrier
$25,000 $106.09 $117.28  Age 121 Pacific Life
$50,000 $191.73 $214.10   Pacific Life
$100,000 $300.18 $362.25   Penn Mutual
$250,000 $742.71 $874.38   Penn Mutual at preferred best; Pacific Life at standard
$500,000 $1,449.50 $1,718.45   Protective at preferred best; Pacific Life at standard
$1,000,000 $2,775.00 $3,339.03   Protective at preferred best; Pacific Life at standard
$2,000,000 $5,550.00 $6,658.54   Protective at preferred best; Pacific Life at standard
$5,000,000 $13,874.99 $16,617.06   Protective at preferred best; Pacific Life at standard

Male – 74 year old

Face
Amount
Monthly at
Preferred
Best
Monthly at
Standard
Guarantee
Period
Top Carrier
$25,000 $117.46 $133.45  Age 121 Pacific Life
$50,000 $214.46 $246.45   Pacific Life
$100,000 $339.88 $424.49   Penn Mutual
$250,000 $791.50 $1,012.15   Protective at preferred best; Pacific Life at standard
$500,000 $1,575.50 $1,992.69   Protective at preferred best; Pacific Life at standard
$1,000,000 $3,128.00 $3,895.50   Protective at preferred best; Pacific Life at standard
$2,000,000 $6,256.00 $7,771.49   Protective at preferred best; Pacific Life at standard
$5,000,000 $15,639.99 $19,399.44   Protective at preferred best; Pacific Life at standard

Closer to age 75?  If over 74 and a half, age 75 rates may apply, since most carrier set rates by nearest age. Backdating a policy up to six months to save previous age is generally permitted.

National Association of Insurance Commissioners (NAIC) life insurance FAQ and questions

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

Sean Drummey for those 74Licensed Agent:  Sean Drummey
phone:  (910) 328-0447
email:    spdrummey@gmail.com
national producer #5534308


Carrier and product quoted:
Pacific Life Insurance Company: “PL Promise Guaranteed UL (GUL)”
Penn Mutual Life Insurance Company: “Penn Mutual Guaranteed Protection UL”
Protective Life:  “Protective Lifetime Assurance UL”


updated: 10/11/2023 – non tobacco rates; rates subject to change; quote accuracy or completeness not guaranteed