In this article, we’ll provide an overview of the cost of a $50,000 Life Insurance Policy —whether it’s Term Life, Whole Life, or No Medical Exam— and provide sample rates, from ages 20 to 80: healthy or on medication, male or female.
10, 15, 20 and 30 Year Term Quotes for $50,000 Policies
A term life insurance policy is a form of life insurance that offers coverage on your life for a term or number of years. For example, if you buy a 10-year term policy, you’re covered until the end of year 10.
The annual premium will be higher after the initial, level term because your risk as an insured is greater as time goes on.
That’s why some people choose longer term policies, to lock in their premiums for up to 20 or 30 years at an affordable rate.
It’s easier to get approved for a shorter term term because you have less information available that could affect your application and it will take less time before the insurer would pay out any claim. On the other hand, term policies are less expensive than whole life.
If you have a term policy and decide to move to another term policy later, your insurer may charge a premium loading for your new term policy forever after.
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If the amount of that premium loading is large enough, it could be cheaper for you to buy another term policy without the loading.
Term policies are one type of insurance product called “death benefit” products because they pay out if you die during the term period but not if you die outside the term period.
The value of any death benefit will depend on how long you’ve been paying premiums to keep the cover active. That means that if there’s no activity on an account, then any cash surrender values can be considered lost or surrendered funds .
$50,000 WHOLE & UNIVERSAL LIFE QUOTES – TO AGES 90, 95, AND 100
In this section, we’ll discuss guaranteed policies. But you can use the same information when quoting a whole life policy.
The only difference is with guaranteed policies there is a guaranteed death benefit and guaranteed cash value while with whole life there is no guaranteed death benefit or cash value.
Some people prefer whole life over guaranteed universal because they know that they will have money to leave behind for their family members in case of an unfortunate event.
A guaranteed policy does not protect your loved ones from financial hardship in the event of an untimely death due to illness.
Instead it protects them from experiencing loss of income during your lifetime if you were to die unexpectedly. It’s funny how many people get confused between guaranteed and universal because the name implies that it is guaranteed.
It is guaranteed that you will pay your premiums but the death benefit and cash value are not guaranteed.
In some cases, guaranteed policies may be a better fit, particularly if you have a pre-existing medical condition. With guaranteed universal life insurance, there isn’t an issue about being turned down for coverage due to issues with your health or lack of documented income history because your income can be guaranteed based on a multi-year contract with a guaranteed rate of return.
$50,000 LIFE INSURANCE POLICY UNIVERSAL GUARANTEED TO AGE 95
| 50k Guaranteed Age 95 | Male | Female |
|---|---|---|
| Age 30 | $405.50 | $371.50 |
| Age 40 | $513.00 | $463.50 |
| Age 50 | $726.00 | $648.50 |
| Age 60 | $1,031.13 | $930.05 |
| Age 70 | $1,732.26 | $1,416.77 |
*It is possible to estimate the costs for additional ages by averaging the costs of the two ages for a $50,000 Guaranteed to age 95 life insurance policy to get estimated rates for Age 25, Age 35, Age 45, Age 55, Age 65, and Age 75.
$50,000 LIFE INSURANCE POLICY UNIVERSAL GUARANTEED TO AGE 100
| 50k Guaranteed Age 100 | Male | Female |
|---|---|---|
| Age 30 | $418.00 | $383.50 |
| Age 40 | $532.00 | $481.00 |
| Age 50 | $751.00 | $668.50 |
| Age 60 | $1,148.87 | $1,015.00 |
| Age 70 | $1,955.37 | $1,641.08 |
*Updated for 2022: Rates above are annual and for illustrative purposes only. Not an offer for insurance. Please note rates vary substantially depending on state of residence, unique medical history, height and weight, driving history, as well as other factors. It is possible to estimate the costs for additional ages by averaging the costs of the two ages for a $50,000 Universal Guaranteed to age 100 life insurance policy to get estimated rates for Age 25, Age 35, Age 45, Age 55, Age 65, and Age 75. We know all the ins and outs to get you the cheapest rates for a $50,000 Term Life Insurance Policy. Get a quote from us today to ensure you’re getting the lowest rates.
$50,000 LIFE INSURANCE POLICY UNIVERSAL GUARANTEED TO AGE 121
| 50k Guaranteed Age 121 | Male | Female |
|---|---|---|
| Age 30 | $435.50 | $401.00 |
| Age 40 | $559.00 | $508.00 |
| Age 50 | $788.00 | $701.50 |
| Age 60 | $1,194.57 | $1,064.00 |
| Age 70 | $2,054.33 | $1,762.22 |
*Updated for 2022: Rates above are annual and for illustrative purposes only. Not an offer for insurance. Please note rates vary substantially depending on state of residence, unique medical history, height and weight, driving history, as well as other factors. It is possible to estimate the costs for additional ages by averaging the costs of the two ages for a $50,000 Universal Guaranteed to age 121 life insurance policy to get estimated rates for Age 25, Age 35, Age 45, Age 55, Age 65, and Age 75. We know all the ins and outs to get you the cheapest rates for a $50,000 Term Life Insurance Policy. Get a quote from us today to ensure you’re getting the lowest rates.
NO EXAM LIFE INSURANCE: HOW MUCH DOES A $50,000 POLICY COST WITH NO MEDICAL EXAM?
If you have questions about a no medical exam life insurance policy, then you have come to the right place. You may have noticed there are a lot of ads out there that claim they will sell you no exam life insurance policy, but —when you read the numbers— it seems like such an incredible deal that you wonder if it’s “too good to be true”… well, often it is! Never hesitate to call 888-681-4952 with questions.
$50,000 150 YEAR NO MEDICAL EXAM TERM LIFE INSURANCE POLICY
| 50k 15 Year Term No Exam | Male | Female |
|---|---|---|
| Age 25 | $19.88 | $19.84 |
| Age 35 | $21.66 | $21.62 |
| Age 45 | $22.32 | $22.10 |
| Age 55 | $41.59 | $35.89 |
| Age 65 | $84.74 | $60.07 |
*Updated for 2022: Rates above are monthly and for illustrative purposes only. Not an offer for insurance. Please note rates vary substantially depending on state of residence, unique medical history, height and weight, driving history, as well as other factors. It is possible to estimate the costs for additional ages by averaging the costs of the two ages for a $50,000 No Medical Exam life insurance policy to get estimated rates for Age 25, Age 35, Age 45, Age 55, and Age 65. We know all the ins and outs to get you the cheapest rates for a $50,000 Term Life Insurance Policy. Get a quote from us today to ensure you’re getting the lowest rates.
Comparing $50,000 to $100,000 Coverage
One of the interesting things about $50,000 of coverage is it costs WAY more than half of $100,00.
Here’s the thing.
There aren’t a whole lot of companies selling life insurance for $50,000, but they almost all sell $100k policies. Therefore, with all the extra competition, the pricing is great for $100k of coverage.
If you’re looking at $50,000 of coverage, be sure to get a quote for $100,000 as well. You might be surprised at how close the price is. You could get double the coverage for not much more money!
Comparing Companies That Offer $50,000 Policies
There are some great companies that offer as low as $50,000 of coverage.
A few that we really like are:
- Bestow – Best for quick coverage with no exam
- Haven Life – Best if you’re under age 65
- Life Insurance Shopping Reviews – Best if you are over age 65 or if you have health issues
- Pacific Life – Great term rates
Additionally, we’ve provided some sample 10-year term quotes for you below from some of the lowest priced companies offering $50,000 of coverage.
Frequently Asked Questions About $50,000 Policies
WHAT’S THE AVERAGE PRICE FOR $50K OF LIFE INSURANCE?
Life insurance average price… average cost of life insurance… average life insurance rates… average cost on life insurance… average monthly premium for life insurance… average price of term life insurance.
These are all common questions that we get asked; however there is no “one” correct response. Many factors influence the costs, premiums, and prices of a policy.
If you’re 40 years old in good health, it will cost around $500 per year for a lifetime policy or around $200 to $250 per year for a term policy.
CAN I GET $50,000 OF GUARANTEED ISSUE LIFE INSURANCE?
What is guaranteed life insurance? Why would you buy guaranteed life insurance? Preexisting conditions.
This article will explain guaranteed life insurance and its benefits to people who may not know what guaranteed life insurance is.
When it comes to guaranteed life insurance, there are a few things that need to be understood first: guaranteed policies and guaranteed issue policies . A guaranteed policy is one where the premium and death benefit (the amount paid out upon death) of the policy cannot change due to an increase in risk factors such as age or health – this means that even if the person buying the policy gets sick or becomes older, they will not have their premiums increased or their death benefit decreased. A guaranteed issue policy has stricter guidelines than a standard guaranteed policy.
HOW MUCH IS $50 THOUSAND LIFE INSURANCE POLICY FOR SENIORS?
How to Get a life Insurance Policy for Seniors: life insurance for seniors can cost more and be tougher to get due to age and preexisting medical conditions.
The only way life insurance premiums may be less expensive is if the senior has had an inactive life insurance policy that has been allowed to lapse – this will still require thorough underwriting of the person’s health, lifestyle, etc. However, even having a life insurance policy that has simply been allowed to lapse or cancelled will likely result in higher costs than insuring someone who hasn’t had life insurance before.
Not only are premiums going to be higher but they’ll also vary greatly from company to company, so it’s important shoppers conduct a detailed search for life insurance quotes which includes giving us a call today.
I’d really like to provide you with sample rates —to give you an idea of what the costs are going to be— for a $50,000 life insurance policy for seniors, but I think the numbers would be misleading. The best way I can help you is for you to give me a call: 888-681-4952
The Bottom Line?
Let’s discuss your interest in —and eligibility for— $50,000 Life Insurance Coverage.
We can help you determine the best fit for you, based on your goals and your individual circumstances.
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