LIFE INSURANCE OVER 50

Life Insurance for
People Over 50

Turning 50 opens more coverage options, not fewer. Asurgo works with 25+ carriers to find the right fit, from final expense to IUL and annuities, with same-day quotes and no obligation.

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No Exam Options Ages 50 to 85 25+ Carriers
Home > Life Insurance For You > Over 50
50+
Eligible Ages
$25/mo
Starting Rates
25+
Carriers
24hrs
Coverage

COVERAGE FOR AGES 50 AND UP

Life Insurance After 50

Your 50s and early 60s are one of the most important windows for life insurance planning. Children may still be at home, mortgages are often still active, and retirement is close enough that protecting what you have built matters more than ever. The good news is that coverage options at this stage are broader than most people expect.

Rates do increase with age, and the difference between locking in coverage at 52 versus 58 can be significant. If securing the lowest possible premium is a priority, sooner is always better. That said, Asurgo works with carriers that specialize in adults well into their 70s and 80s, so there is no age at which the conversation stops making sense.

Asurgo shops 25+ carriers to find the plan that fits your health profile, coverage needs, and budget. Whether you want a straightforward final expense policy or a more sophisticated IUL with tax-advantaged growth, our licensed specialists will walk you through every option with no pressure.

YOUR OPTIONS

Coverage Options After 50

Final Expense Insurance

Whole life coverage from $5,000 to $50,000 designed to cover funeral costs, medical bills, and other end-of-life expenses. No medical exam on most plans. Rates are locked for life once issued.

Term Life Insurance

10 or 20 year terms are still available to most applicants in their 50s. If you have a mortgage, dependents, or business obligations, term life provides a high benefit amount at a manageable monthly cost for a defined period.

Indexed Universal Life (IUL)

A permanent life policy that builds cash value tied to a market index, with a floor that protects against losses. IUL offers tax-advantaged wealth building alongside lifelong protection, making it a strong option for adults in their 50s with longer planning horizons.

Annuities

Not life insurance in the traditional sense, but an important part of over-50 financial planning. Annuities convert a lump sum into guaranteed retirement income you cannot outlive. Fixed and indexed options are available from top-rated carriers.

PRODUCTS

Recommended Products for People Over 50

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FINAL EXPENSE

Final Expense Insurance

Protect your family from funeral and end-of-life costs. Plans from $5,000 to $50,000 with no medical exam required and rates that never increase.

No Medical Exam Ages 45 to 85
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TERM LIFE

Term Life Insurance

High coverage amounts for a set period. 10 and 20 year terms are still available in your 50s, making it a cost-effective way to cover a mortgage or income replacement.

10 or 20 Year Terms Same-Day Quotes
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INDEXED UNIVERSAL LIFE

IUL Insurance

Build tax-advantaged wealth while maintaining permanent life insurance protection. Cash value grows with market indexes and a 0% floor keeps your money safe in down years.

Tax-Advantaged Growth 0% Floor
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ANNUITIES

Annuities

Turn savings into guaranteed retirement income you cannot outlive. Fixed and indexed options from top-rated carriers, designed to complement your Social Security and other retirement assets.

Guaranteed Income No Market Risk
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CARRIER PARTNERS

Carriers That Specialize in Coverage Over 50

Asurgo works with 25+ top-rated insurance carriers to find you the best coverage at the lowest rate. These carriers offer strong options specifically for adults in their 50s, 60s, 70s, and beyond.

Mutual of Omaha Transamerica Gerber Life Aetna Americo Royal Neighbors AIG Foresters Financial F&G Lafayette Life

Carrier availability varies by individual health factors and coverage type.

FREQUENTLY ASKED QUESTIONS

Life Insurance Over 50 FAQ

Is 50 too old for life insurance?
Not at all. Your 50s are actually one of the best times to lock in coverage. Rates are still reasonable and you have access to the widest range of products, from term life to IUL to final expense. Many carriers accept applicants up to age 85.
How much does coverage cost after 50?
Rates vary by product type and health profile. Final expense coverage often starts around $25 per month for a healthy 50-year-old. Term life premiums are higher than in your 30s and 40s but still affordable if you lock in soon. The longer you wait, the more rates increase.
Do I need a medical exam?
Not for many plans. Final expense and guaranteed acceptance policies use simplified underwriting with health questions only. Some term life and IUL policies also offer no-exam options depending on the coverage amount and your health profile.
What is the best type of life insurance for someone over 50?
It depends on your goals. If you want to cover end-of-life expenses, final expense insurance is the most straightforward option. If you still have a mortgage or dependents, term life offers affordable protection for a defined period. If you want tax-advantaged wealth building, an IUL may be a strong fit. Asurgo can help you compare all options.
Can I get coverage with health conditions?
Yes. Many carriers specialize in policies for applicants with diabetes, heart conditions, COPD, and other common health concerns. Guaranteed acceptance plans approve all applicants regardless of health. Simplified issue plans ask a few health questions but do not require a medical exam.

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