Life Insurance Rates for a 58 Year Old Male
Life insurance can still be affordable at age 58 if you are a male in overall good health. While it's possible to get even better rates than shared below, the life insurance rates are for a 58 year old male in very good health. One question to consider is if a term life insurance policy can provide a better safety net than a whole life insurance policy. A 58 year old male shopping for life insurance may consider adding a small whole life insurance policy to a shorter term life insurance policy such as a 10 or 20 year benefit period.
| Company | $250,000 | $300,000 | $400,000 | $500,000 | $750,000 | $1,000,000 |
|---|---|---|---|---|---|---|
| Haven | $122 | $133 | $176 | $218 | $324 | $429 |
| Ladder | $87 | $103 | $136 | $145 | $215 | NA |
| Mutual of Omaha | $65 | $77 | $101 | $119 | $176 | $222 |
| Banner | $61 | $72 | $94 | $105 | $155 | $208 |
| Protective | $61 | $74 | $99 | $113 | $169 | $212 |
| Prudential | $64 | $76 | $99 | $122 | $180 | $218 |
| Company | $250,000 | $300,000 | $400,000 | $500,000 | $750,000 | $1,000,000 |
|---|---|---|---|---|---|---|
| Haven | $156 | $186 | $247 | $308 | $459 | $612 |
| Ladder | $108 | $129 | $170 | $186 | $277 | NA |
| Mutual of Omaha | $94 | $112 | $148 | $176 | $262 | $330 |
| Banner | $74 | $88 | $116 | $141 | $209 | $271 |
| Protective | $85 | $102 | $136 | $158 | $238 | $304 |
| Prudential | $95 | $113 | $148 | $184 | $272 | $353 |
| Company | $250,000 | $300,000 | $400,000 | $500,000 | $750,000 | $1,000,000 |
|---|---|---|---|---|---|---|
| Haven | $251 | $300 | $398 | $499 | $746 | $997 |
| Ladder | $142 | $170 | $225 | $237 | $354 | NA |
| Mutual of Omaha | $125 | $150 | $198 | $228 | $340 | $429 |
| Banner | $115 | $137 | $181 | $192 | $286 | $371 |
| Protective | $108 | $129 | $173 | $204 | $307 | $391 |
| Prudential | $138 | $165 | $217 | $270 | $401 | $405 |
Most of the major life insurance companies will still allow for coverage up to or even over $1,000,000 on a term plan for a 58 year old male. The sooner the better when it comes to buying life insurance as the rate paid is locked in for duration of the term at the insureds age at the point of being approved.
See also: