65-Year-Old Term Life Insurance Rates

It depends on the coverage amount, the term length, and your health. At 65, a realistic option is a 10-year, $100,000 policy — about $52.08/mo for a healthy man and $36.75/mo for a healthy woman at preferred (best) rates. More coverage or a longer term costs more; the tables on this page show every combination for your age.

At 65, a healthy non-smoking man pays about $211.80/mo for a $500,000 10-year term policy at the best (preferred) rates, or about $315.41/mo at standard rates. A 15-year term runs about $302.75/mo; a shorter term costs less. Smoking is the biggest swing — the same policy is about $884.51/mo at smoker rates. See the table on this page for every coverage and term at 65.

At 65, a $1,000,000 10-year term policy costs about $407.08/mo for a healthy non-smoking man and about $270.13/mo for a healthy non-smoking woman, at preferred rates. Carriers will issue $1M of term at 65 when your income supports it — underwriting at this age generally allows up to about 5× annual income, so roughly $200,000+ of annual income justifies it. A shorter term costs less, a longer term more.

A lot — often two to three times the non-smoking rate, though the gap narrows at older ages. At 65, a $500,000 10-year policy runs about $315.41/mo at a standard non-smoking rate versus about $884.51/mo at smoker rates — roughly 2.8× more. Carriers treat smoking as one of the single biggest rating factors, because the mortality difference is large.

For most people, yes — term life is the most affordable way to cover a time-bound need, such as a mortgage, a business loan, or income for the people who depend on you: at 65, a $500,000 10-year term policy runs about $211.80/mo for a healthy man and $142.25/mo for a healthy woman. You're buying coverage for a set period rather than forever, which fits a need that has an end date. If your need is lifelong — final expenses or estate planning — permanent insurance is the better fit.

Many things can disqualify you from life insurance, including drug use, lack of income, medical issues, multiple DUIs, and more. The diseases that can lead to an outright decline are the ones with high near-term mortality: active or recently-treated cancer, advanced heart disease (a recent heart attack, moderate-to-severe cardiomyopathy, or coronary artery disease with complications), a recent stroke or any stroke under age 50, cirrhosis, COPD that requires oxygen, kidney failure on dialysis, HIV, an organ transplant, diabetes with significant complications, and dementia. Most chronic conditions that are diagnosed and managed — type 2 diabetes, high blood pressure, asthma, a past cancer in remission, hepatitis C, thyroid conditions — do not disqualify you; carriers underwrite them every day.

Yes — and it may not even raise your rate. Underwriters care whether your blood pressure is controlled, not whether you take medication to control it. Treated, well-controlled blood pressure is one of the situations carriers specifically allow into their best rate classes: as a rule of thumb, average readings under about 135/85 can reach preferred rates.

Yes, if it's extremely high or uncontrolled. Controlled high blood pressure — even if it takes one or more medications — is one of the conditions carriers actively welcome, often at preferred rates. Underwriters look at your average readings over the past two years; well-managed numbers (broadly, under the mid-150s/90s) are accepted, and under 140/90 can still earn preferred pricing. A denial for blood pressure alone happens when readings are high and not under control, which signals untreated cardiovascular risk.

Usually not too much — as long as it's treated and you're using your CPAP or other treatment. Mild to moderate sleep apnea that's managed (for example with a CPAP) and shows good compliance can still qualify for a carrier's better rate classes, sometimes even preferred. Sleep apnea only becomes a problem when it's severe AND untreated, which can lead to a decline. So the single most useful thing you can do for your rate is be on treatment and use it consistently.

Yes, after a waiting period. Most carriers postpone an application for about six months following a heart attack, then will consider you once you've recovered and your cardiologist has documented stable follow-up. The rate depends on the details — your age at the event, heart function, and how well any underlying coronary disease is managed — and usually lands in a 'rated' class rather than preferred. Coronary artery disease is one of the impairments carriers work to place rather than decline. A heart attack within the last six months is the main scenario that's temporarily off the table.

Rarely. Type 2 diabetes is one of the conditions carriers are most experienced at insuring. A decline generally happens only when diabetes comes with significant complications (kidney, eye, or nerve damage, or related heart disease) or when blood sugar is very poorly controlled. Well-controlled diabetes — especially adult-onset — can qualify for standard or even better-than-standard rates. So the diagnosis itself doesn't deny you; uncontrolled diabetes with complications does.

Usually not. Carriers use a height-and-weight ('build') chart, and the allowances are more generous than people expect — someone 5'10", for instance, can weigh into the 260s and still qualify for a standard rate, and into the 280s and still be insurable. Higher weights don't trigger an automatic decline; they move you to a 'rated' class that's individually priced. Build is also a spot where carriers grant a one-inch height credit to nudge you into a better class. So weight affects your rate far more often than whether you can get covered at all.

Yes. Carriers classify a tobacco user as anyone who has used nicotine in any form in the last 12 months — and that explicitly includes vaping and e-cigarettes, right alongside cigarettes, cigars, pipes, chew, and even nicotine patches or gum. So vaping nicotine puts you in smoker rates. The main exception some carriers make is for very occasional cigar use, not vaping. Once you've been nicotine-free for 12 months, you generally qualify for non-smoking rates.

Usually yes. A single DUI, especially a few years back, does not stop you from getting life insurance — though it can affect your rate class. Carriers look at how recent it was and whether there's a pattern: the top 'preferred' rates generally require no DUI in the last three to five years, while a more recent single DUI typically means standard or a 'rated' class. Multiple DUIs, or a recent one combined with other violations, are what cause real problems. As the event ages and your record stays clean, your options improve.

For most carriers, 12 months. Once you've been nicotine-free for a full year, you generally qualify for non-smoking rates — a major price drop. To reach the very best 'preferred' classes, insurers want more than 48 months (over four years) tobacco-free. 'Nicotine-free' means all forms: cigarettes, vaping, cigars, chew, and patches or gum. If you quit after your policy was issued, many carriers will let you apply for a non-smoking re-rate once you hit the 12-month mark.

Yes. Multiple carriers offer term life policies to 65-year-olds, though the available term lengths are shorter and premiums are substantially higher than at younger ages. 10- and 15-year terms are the most commonly available. Coverage amounts up to $1 million or more are still possible with full medical underwriting and good health.

Most carriers offer 10-year and 15-year terms through age 65. Terms of 25 or 30 years are rarely available past 60. The tables above show which term lengths have pricing for your age—if a cell shows “N/A,” it means carriers in our dataset didn’t offer that combination.

Final expense (or burial) insurance is a different product—it’s typically a small permanent policy ($5,000–$25,000) designed to cover funeral costs and minor debts, with simplified underwriting and no medical exam. It’s useful if you can’t qualify for term life or only need a small amount. But if you’re in reasonable health and need $100,000 or more in coverage, term life is still more cost-effective per dollar of protection.

Three things matter most: health class, coverage amount, and term length. To qualify for the best rates, make sure any chronic conditions are well-controlled, maintain a healthy weight, and avoid tobacco. Choose only the coverage amount you actually need—over-insuring raises your premium unnecessarily. Pick the shortest term that covers your obligations. And compare across carriers—rate differences between companies can be significant at this age, which is exactly what these tables are designed to help with.