How much does life insurance cost for a 50 year old?

For 50-year-olds: The average cost for a 20-year, $250,000 term life insurance policy is $41 a month ($487 a year) for a 50-year-old man and $32 a month ($387 a year) for a 50-year-old woman. Life insurance costs vary significantly based on factors such as gender, age, type of policy, coverage amount and length of coverage.

Should I buy a $250,000 term life insurance policy?

You may consider buying a $250,000 term life insurance policy if you need coverage for a set period, such as the number of years you have left on your mortgage. For example, say you purchased a house with your spouse and you have $250,000 left on the mortgage, with 10 years left in the mortgage term.

Can you get $250,000 in term life insurance without a medical exam?

It may be possible to get $250,000 in term life insurance without a medical exam. However, you might pay a slightly higher premium to skip the health screening. Longer terms mean higher premiums. The longer you need a term life insurance policy to remain in place, the more you’ll pay in premiums.