At 58, term life rates are higher, but coverage is still available and can be an important part of your financial plan. The tables below show monthly premiums starting as low as $23.44/mo, covering 24 coverage amounts and five term lengths. Every rate is based on real quotes from leading life insurance carriers.
Male Rates — Age 58
Preferred Health Class
| Coverage | 10 Year | 15 Year | 20 Year | 25 Year | 30 Year |
|---|---|---|---|---|---|
| $100K | $30.44 $365/yr | $38.57 $463/yr | $51.14 $614/yr | $82.99 $996/yr | $98.25 $1,179/yr |
| $200K | $54.63 $656/yr | $70.47 $846/yr | $95.89 $1,151/yr | $159.49 $1,914/yr | $191.08 $2,293/yr |
| $300K | $64.57 $775/yr | $85.28 $1,023/yr | $110.61 $1,327/yr | $209.09 $2,509/yr | $267.67 $3,212/yr |
| $400K | $83.87 $1,006/yr | $111.56 $1,339/yr | $145.33 $1,744/yr | $276.76 $3,321/yr | $355.08 $4,261/yr |
| $500K | $102.37 $1,228/yr | $137.37 $1,648/yr | $178.22 $2,139/yr | $311.76 $3,741/yr | $403.54 $4,842/yr |
| $600K | $121.44 $1,457/yr | $163.62 $1,963/yr | $212.65 $2,552/yr | $372.89 $4,475/yr | $483.17 $5,798/yr |
| $700K | $140.46 $1,685/yr | $189.88 $2,279/yr | $247.07 $2,965/yr | $434.03 $5,208/yr | $562.79 $6,754/yr |
| $800K | $159.47 $1,914/yr | $216.07 $2,593/yr | $281.50 $3,378/yr | $495.16 $5,942/yr | $642.42 $7,709/yr |
| $900K | $178.48 $2,142/yr | $242.23 $2,907/yr | $315.93 $3,791/yr | $556.30 $6,676/yr | $722.04 $8,664/yr |
| $1M | $186.21 $2,235/yr | $260.56 $3,127/yr | $344.01 $4,128/yr | $599.18 $7,190/yr | $801.67 $9,620/yr |
| $1.1M | $204.16 $2,450/yr | $285.98 $3,432/yr | $377.78 $4,533/yr | $658.49 $7,902/yr | $881.29 $10,576/yr |
| $1.2M | $222.10 $2,665/yr | $311.40 $3,737/yr | $411.54 $4,938/yr | $717.80 $8,614/yr | $960.92 $11,531/yr |
| $1.3M | $240.04 $2,880/yr | $336.82 $4,042/yr | $445.30 $5,344/yr | $777.11 $9,325/yr | $1040.54 $12,486/yr |
| $1.4M | $257.98 $3,096/yr | $362.23 $4,347/yr | $479.06 $5,749/yr | $836.42 $10,037/yr | $1120.17 $13,442/yr |
| $1.5M | $276.07 $3,313/yr | $387.80 $4,654/yr | $512.97 $6,156/yr | $896.07 $10,753/yr | $1199.79 $14,398/yr |
| $1.6M | $294.02 $3,528/yr | $413.23 $4,959/yr | $546.75 $6,561/yr | $955.41 $11,465/yr | $1279.42 $15,353/yr |
| $1.7M | $311.97 $3,744/yr | $438.66 $5,264/yr | $580.52 $6,966/yr | $1014.74 $12,177/yr | $1359.04 $16,308/yr |
| $1.8M | $329.92 $3,959/yr | $464.09 $5,569/yr | $614.29 $7,371/yr | $1074.07 $12,889/yr | $1438.67 $17,264/yr |
| $1.9M | $347.87 $4,174/yr | $489.51 $5,874/yr | $648.06 $7,777/yr | $1133.40 $13,601/yr | $1518.29 $18,220/yr |
| $2M | $365.82 $4,390/yr | $514.94 $6,179/yr | $681.83 $8,182/yr | $1192.74 $14,313/yr | $1597.92 $19,175/yr |
| $2.5M | $455.76 $5,469/yr | $642.21 $7,707/yr | $850.67 $10,208/yr | $1489.87 $17,878/yr | $1996.04 $23,952/yr |
| $3M | $545.55 $6,547/yr | $769.38 $9,233/yr | $1019.53 $12,234/yr | $1786.62 $21,439/yr | $2394.17 $28,730/yr |
| $3.5M | $635.34 $7,624/yr | $896.54 $10,758/yr | $1188.39 $14,261/yr | $2083.38 $25,001/yr | $2792.29 $33,508/yr |
| $4M | $725.13 $8,702/yr | $1023.71 $12,284/yr | $1357.25 $16,287/yr | $2380.14 $28,562/yr | $3190.42 $38,285/yr |
* Fewer than 3 carriers offered this combination, so this rate is based on limited data.
Standard Health Class
| Coverage | 10 Year | 15 Year | 20 Year | 25 Year | 30 Year |
|---|---|---|---|---|---|
| $100K | $42.92 $515/yr | $56.49 $678/yr | $71.24 $855/yr | $94.12 $1,129/yr | $125.08 $1,501/yr |
| $200K | $78.97 $948/yr | $105.96 $1,271/yr | $136.12 $1,633/yr | $181.57 $2,179/yr | $244.75 $2,937/yr |
| $300K | $97.76 $1,173/yr | $126.92 $1,523/yr | $173.84 $2,086/yr | $257.16 $3,086/yr | $332.17 $3,986/yr |
| $400K | $128.20 $1,538/yr | $167.20 $2,006/yr | $229.76 $2,757/yr | $340.86 $4,090/yr | $441.08 $5,293/yr |
| $500K | $157.20 $1,886/yr | $205.39 $2,465/yr | $285.29 $3,423/yr | $417.36 $5,008/yr | $486.88 $5,842/yr |
| $600K | $187.43 $2,249/yr | $245.25 $2,943/yr | $341.13 $4,094/yr | $499.61 $5,995/yr | $583.17 $6,998/yr |
| $700K | $217.65 $2,612/yr | $285.11 $3,421/yr | $396.97 $4,764/yr | $581.86 $6,982/yr | $679.46 $8,154/yr |
| $800K | $247.87 $2,974/yr | $324.97 $3,900/yr | $452.81 $5,434/yr | $664.12 $7,969/yr | $775.75 $9,309/yr |
| $900K | $278.10 $3,337/yr | $364.83 $4,378/yr | $508.66 $6,104/yr | $746.37 $8,956/yr | $872.04 $10,464/yr |
| $1M | $298.94 $3,587/yr | $392.12 $4,705/yr | $555.29 $6,664/yr | $819.18 $9,830/yr | $968.33 $11,620/yr |
| $1.1M | $326.99 $3,924/yr | $430.65 $5,168/yr | $610.18 $7,322/yr | $900.49 $10,806/yr | $1064.62 $12,776/yr |
| $1.2M | $356.17 $4,274/yr | $469.19 $5,630/yr | $665.07 $7,981/yr | $981.80 $11,782/yr | $1160.92 $13,931/yr |
| $1.3M | $385.34 $4,624/yr | $507.72 $6,093/yr | $719.97 $8,640/yr | $1063.11 $12,757/yr | $1257.21 $15,086/yr |
| $1.4M | $414.51 $4,974/yr | $546.25 $6,555/yr | $774.86 $9,298/yr | $1144.42 $13,733/yr | $1353.50 $16,242/yr |
| $1.5M | $443.75 $5,325/yr | $584.82 $7,018/yr | $829.90 $9,959/yr | $1226.07 $14,713/yr | $1449.79 $17,398/yr |
| $1.6M | $472.92 $5,675/yr | $623.35 $7,480/yr | $884.80 $10,618/yr | $1307.41 $15,689/yr | $1546.08 $18,553/yr |
| $1.7M | $502.10 $6,025/yr | $661.89 $7,943/yr | $939.70 $11,276/yr | $1388.74 $16,665/yr | $1642.38 $19,708/yr |
| $1.8M | $531.27 $6,375/yr | $700.42 $8,405/yr | $994.60 $11,935/yr | $1470.07 $17,641/yr | $1738.67 $20,864/yr |
| $1.9M | $560.45 $6,725/yr | $738.96 $8,867/yr | $1049.50 $12,594/yr | $1551.40 $18,617/yr | $1834.96 $22,020/yr |
| $2M | $589.63 $7,076/yr | $777.49 $9,330/yr | $1104.40 $13,253/yr | $1632.74 $19,593/yr | $1931.25 $23,175/yr |
| $2.5M | $725.42 $8,705/yr | $970.63 $11,648/yr | $1379.05 $16,549/yr | $2039.87 $24,478/yr | $2412.71 $28,952/yr |
| $3M | $869.23 $10,431/yr | $1163.67 $13,964/yr | $1653.58 $19,843/yr | $2446.62 $29,359/yr | $2894.17 $34,730/yr |
| $3.5M | $1013.03 $12,156/yr | $1356.50 $16,278/yr | $1928.12 $23,137/yr | $2853.38 $34,241/yr | $3375.62 $40,508/yr |
| $4M | $1156.84 $13,882/yr | $1549.34 $18,592/yr | $2202.65 $26,432/yr | $3260.14 $39,122/yr | $3857.08 $46,285/yr |
* Fewer than 3 carriers offered this combination, so this rate is based on limited data.
Standard Tobacco Health Class
| Coverage | 10 Year | 15 Year | 20 Year | 25 Year | 30 Year |
|---|---|---|---|---|---|
| $100K | $121.30 $1,456/yr | $149.44 $1,793/yr | $182.32 $2,188/yr | $261.00 $3,132/yr | N/A |
| $200K | $236.35 $2,836/yr | $289.83 $3,478/yr | $358.74 $4,305/yr | $515.83 $6,190/yr | N/A |
| $300K | $300.97 $3,612/yr | $402.04 $4,824/yr | $477.88 $5,735/yr | $689.18 $8,270/yr | N/A |
| $400K | $399.18 $4,790/yr | $534.05 $6,409/yr | $635.17 $7,622/yr | $917.13 $11,006/yr | N/A |
| $500K | $467.01 $5,604/yr | $640.20 $7,682/yr | $777.70 $9,332/yr | $1083.33 $13,000/yr | N/A |
| $600K | $559.21 $6,710/yr | $767.04 $9,204/yr | $932.04 $11,184/yr | $1298.93 $15,587/yr | N/A |
| $700K | $651.41 $7,817/yr | $893.88 $10,727/yr | $1086.38 $13,037/yr | $1514.53 $18,174/yr | N/A |
| $800K | $743.60 $8,923/yr | $1020.72 $12,249/yr | $1240.71 $14,889/yr | $1730.13 $20,762/yr | N/A |
| $900K | $835.80 $10,030/yr | $1147.56 $13,771/yr | $1395.05 $16,741/yr | $1945.73 $23,349/yr | N/A |
| $1M | $922.00 $11,064/yr | $1181.65 $14,180/yr | $1523.96 $18,288/yr | $2102.49 $25,230/yr | N/A |
| $1.1M | $1013.60 $12,163/yr | $1299.18 $15,590/yr | $1675.76 $20,109/yr | $2312.21 $27,746/yr | N/A |
| $1.2M | $1105.20 $13,262/yr | $1416.70 $17,000/yr | $1827.55 $21,931/yr | $2521.92 $30,263/yr | N/A |
| $1.3M | $1196.80 $14,362/yr | $1534.23 $18,411/yr | $1979.35 $23,752/yr | $2731.64 $32,780/yr | N/A |
| $1.4M | $1288.40 $15,461/yr | $1651.75 $19,821/yr | $2131.14 $25,574/yr | $2941.36 $35,296/yr | N/A |
| $1.5M | $1380.19 $16,562/yr | $1769.55 $21,235/yr | $2283.12 $27,398/yr | $3151.07 $37,813/yr | N/A |
| $1.6M | $1471.80 $17,662/yr | $1887.10 $22,645/yr | $2434.93 $29,219/yr | $3360.79 $40,329/yr | N/A |
| $1.7M | $1563.41 $18,761/yr | $2004.64 $24,056/yr | $2586.74 $31,041/yr | $3570.50 $42,846/yr | N/A |
| $1.8M | $1655.03 $19,860/yr | $2122.18 $25,466/yr | $2738.55 $32,863/yr | $3780.22 $45,363/yr | N/A |
| $1.9M | $1746.64 $20,960/yr | $2239.72 $26,877/yr | $2890.35 $34,684/yr | $3989.93 $47,879/yr | N/A |
| $2M | $1838.25 $22,059/yr | $2357.27 $28,287/yr | $3042.16 $36,506/yr | $4199.65 $50,396/yr | N/A |
| $2.5M | $2296.70 $27,560/yr | $2945.68 $35,348/yr | $3801.66 $45,620/yr | $5248.23 $62,979/yr | N/A |
| $3M | $2754.72 $33,057/yr | $3533.53 $42,402/yr | $4560.79 $54,730/yr | $6296.81 $75,562/yr | N/A |
| $3.5M | $3212.73 $38,553/yr | $4121.38 $49,457/yr | $5319.92 $63,839/yr | $7345.39 $88,145/yr | N/A |
| $4M | $3670.74 $44,049/yr | $4709.23 $56,511/yr | $6079.05 $72,949/yr | $8393.97 $100,728/yr | N/A |
* Fewer than 3 carriers offered this combination, so this rate is based on limited data.
Female Rates — Age 58
Preferred Health Class
| Coverage | 10 Year | 15 Year | 20 Year | 25 Year | 30 Year |
|---|---|---|---|---|---|
| $100K | $23.44 $281/yr | $27.59 $331/yr | $33.97 $408/yr | $59.13 $710/yr | $85.92 $1,031/yr |
| $200K | $40.50 $486/yr | $48.24 $579/yr | $61.48 $738/yr | $111.77 $1,341/yr | $166.42 $1,997/yr |
| $300K | $47.68 $572/yr | $58.80 $706/yr | $79.64 $956/yr | $153.88 $1,847/yr | $228.92 $2,747/yr |
| $400K | $61.36 $736/yr | $76.18 $914/yr | $104.16 $1,250/yr | $203.15 $2,438/yr | $303.42 $3,641/yr |
| $500K | $73.58 $883/yr | $92.86 $1,114/yr | $128.48 $1,542/yr | $217.90 $2,615/yr | $281.04 $3,372/yr |
| $600K | $86.84 $1,042/yr | $109.98 $1,320/yr | $152.83 $1,834/yr | $260.26 $3,123/yr | $336.17 $4,034/yr |
| $700K | $100.10 $1,201/yr | $127.09 $1,525/yr | $177.17 $2,126/yr | $302.62 $3,631/yr | $391.29 $4,696/yr |
| $800K | $113.35 $1,360/yr | $144.19 $1,730/yr | $201.50 $2,418/yr | $344.98 $4,140/yr | $446.42 $5,357/yr |
| $900K | $126.61 $1,519/yr | $161.29 $1,936/yr | $225.84 $2,710/yr | $387.35 $4,648/yr | $501.54 $6,018/yr |
| $1M | $137.77 $1,653/yr | $178.93 $2,147/yr | $245.65 $2,948/yr | $406.73 $4,881/yr | $556.67 $6,680/yr |
| $1.1M | $150.87 $1,810/yr | $196.14 $2,354/yr | $269.58 $3,235/yr | $446.79 $5,362/yr | $611.79 $7,342/yr |
| $1.2M | $163.97 $1,968/yr | $213.35 $2,560/yr | $293.50 $3,522/yr | $486.86 $5,842/yr | $666.92 $8,003/yr |
| $1.3M | $177.07 $2,125/yr | $230.56 $2,767/yr | $317.43 $3,809/yr | $526.92 $6,323/yr | $722.04 $8,664/yr |
| $1.4M | $190.16 $2,282/yr | $247.78 $2,973/yr | $341.36 $4,096/yr | $566.99 $6,804/yr | $777.17 $9,326/yr |
| $1.5M | $203.25 $2,439/yr | $264.89 $3,179/yr | $365.43 $4,385/yr | $607.40 $7,289/yr | $832.29 $9,988/yr |
| $1.6M | $216.35 $2,596/yr | $282.10 $3,385/yr | $389.36 $4,672/yr | $647.49 $7,770/yr | $887.42 $10,649/yr |
| $1.7M | $227.39 $2,729/yr | $299.31 $3,592/yr | $413.30 $4,960/yr | $687.57 $8,251/yr | $942.54 $11,310/yr |
| $1.8M | $240.34 $2,884/yr | $316.51 $3,798/yr | $437.24 $5,247/yr | $727.66 $8,732/yr | $997.67 $11,972/yr |
| $1.9M | $253.28 $3,039/yr | $333.72 $4,005/yr | $461.17 $5,534/yr | $767.75 $9,213/yr | $1052.79 $12,634/yr |
| $2M | $266.23 $3,195/yr | $350.92 $4,211/yr | $485.11 $5,821/yr | $807.84 $9,694/yr | $1107.92 $13,295/yr |
| $2.5M | $334.14 $4,010/yr | $436.45 $5,237/yr | $602.91 $7,235/yr | $1008.74 $12,105/yr | $1383.54 $16,602/yr |
| $3M | $399.60 $4,795/yr | $522.38 $6,269/yr | $722.22 $8,667/yr | $1209.27 $14,511/yr | $1659.17 $19,910/yr |
| $3.5M | $465.07 $5,581/yr | $608.31 $7,300/yr | $841.52 $10,098/yr | $1409.80 $16,918/yr | $1934.79 $23,218/yr |
| $4M | $530.53 $6,366/yr | $694.24 $8,331/yr | $960.83 $11,530/yr | $1610.33 $19,324/yr | $2210.42 $26,525/yr |
* Fewer than 3 carriers offered this combination, so this rate is based on limited data.
Standard Health Class
| Coverage | 10 Year | 15 Year | 20 Year | 25 Year | 30 Year |
|---|---|---|---|---|---|
| $100K | $31.84 $382/yr | $37.83 $454/yr | $48.42 $581/yr | $79.92 $959/yr | $104.17 $1,250/yr |
| $200K | $56.75 $681/yr | $69.00 $828/yr | $90.17 $1,082/yr | $153.47 $1,842/yr | $202.92 $2,435/yr |
| $300K | $67.83 $814/yr | $86.66 $1,040/yr | $120.53 $1,446/yr | $207.36 $2,488/yr | $281.15 $3,374/yr |
| $400K | $88.21 $1,059/yr | $113.39 $1,361/yr | $158.68 $1,904/yr | $274.46 $3,293/yr | $373.06 $4,477/yr |
| $500K | $107.08 $1,285/yr | $140.26 $1,683/yr | $196.71 $2,361/yr | $325.22 $3,903/yr | $429.97 $5,160/yr |
| $600K | $127.16 $1,526/yr | $166.99 $2,004/yr | $234.66 $2,816/yr | $389.05 $4,669/yr | $514.88 $6,179/yr |
| $700K | $147.24 $1,767/yr | $193.68 $2,324/yr | $272.62 $3,271/yr | $452.87 $5,434/yr | $599.79 $7,197/yr |
| $800K | $167.32 $2,008/yr | $220.38 $2,645/yr | $310.57 $3,727/yr | $516.70 $6,200/yr | $684.70 $8,216/yr |
| $900K | $187.40 $2,249/yr | $247.08 $2,965/yr | $348.52 $4,182/yr | $580.53 $6,966/yr | $769.61 $9,235/yr |
| $1M | $202.96 $2,436/yr | $267.51 $3,210/yr | $368.34 $4,420/yr | $600.93 $7,211/yr | $775.83 $9,310/yr |
| $1.1M | $222.58 $2,671/yr | $293.57 $3,523/yr | $404.54 $4,854/yr | $660.42 $7,925/yr | $852.88 $10,234/yr |
| $1.2M | $242.20 $2,906/yr | $319.63 $3,836/yr | $440.73 $5,289/yr | $719.90 $8,639/yr | $929.92 $11,159/yr |
| $1.3M | $261.81 $3,142/yr | $345.69 $4,148/yr | $476.93 $5,723/yr | $779.39 $9,353/yr | $1006.96 $12,084/yr |
| $1.4M | $281.43 $3,377/yr | $371.74 $4,461/yr | $513.12 $6,157/yr | $838.87 $10,066/yr | $1084.00 $13,008/yr |
| $1.5M | $301.11 $3,613/yr | $397.96 $4,775/yr | $549.47 $6,594/yr | $898.71 $10,785/yr | $1161.04 $13,932/yr |
| $1.6M | $320.73 $3,849/yr | $424.02 $5,088/yr | $585.68 $7,028/yr | $958.22 $11,499/yr | $1238.08 $14,857/yr |
| $1.7M | $340.35 $4,084/yr | $450.09 $5,401/yr | $621.88 $7,463/yr | $1017.73 $12,213/yr | $1315.12 $15,782/yr |
| $1.8M | $359.97 $4,320/yr | $476.16 $5,714/yr | $658.09 $7,897/yr | $1077.24 $12,927/yr | $1392.17 $16,706/yr |
| $1.9M | $379.59 $4,555/yr | $502.23 $6,027/yr | $694.29 $8,332/yr | $1136.74 $13,641/yr | $1469.21 $17,630/yr |
| $2M | $399.21 $4,790/yr | $528.29 $6,340/yr | $730.50 $8,766/yr | $1196.25 $14,355/yr | $1546.25 $18,555/yr |
| $2.5M | $497.50 $5,970/yr | $659.02 $7,908/yr | $911.68 $10,940/yr | $1494.26 $17,931/yr | $1931.46 $23,178/yr |
| $3M | $595.64 $7,148/yr | $787.77 $9,453/yr | $1092.73 $13,113/yr | $1791.89 $21,503/yr | $2316.67 $27,800/yr |
| $3.5M | $693.78 $8,325/yr | $917.91 $11,015/yr | $1273.79 $15,285/yr | $2089.53 $25,074/yr | $2701.88 $32,422/yr |
| $4M | $791.92 $9,503/yr | $1048.05 $12,577/yr | $1454.85 $17,458/yr | $2387.16 $28,646/yr | $3087.08 $37,045/yr |
* Fewer than 3 carriers offered this combination, so this rate is based on limited data.
Standard Tobacco Health Class
| Coverage | 10 Year | 15 Year | 20 Year | 25 Year | 30 Year |
|---|---|---|---|---|---|
| $100K | $84.86 $1,018/yr | $112.17 $1,346/yr | $132.92 $1,595/yr | $215.25 $2,583/yr | N/A |
| $200K | $163.05 $1,957/yr | $217.56 $2,611/yr | $259.58 $3,115/yr | $424.33 $5,092/yr | N/A |
| $300K | $220.46 $2,645/yr | $285.80 $3,430/yr | $331.59 $3,979/yr | $556.18 $6,674/yr | N/A |
| $400K | $291.81 $3,502/yr | $378.93 $4,547/yr | $440.12 $5,281/yr | $739.80 $8,878/yr | N/A |
| $500K | $320.04 $3,840/yr | $426.01 $5,112/yr | $534.37 $6,412/yr | $873.33 $10,480/yr | N/A |
| $600K | $382.69 $4,592/yr | $509.93 $6,119/yr | $640.04 $7,680/yr | $1046.93 $12,563/yr | N/A |
| $700K | $445.34 $5,344/yr | $593.84 $7,126/yr | $745.71 $8,949/yr | $1220.53 $14,646/yr | N/A |
| $800K | $507.99 $6,096/yr | $677.76 $8,133/yr | $851.38 $10,217/yr | $1394.13 $16,730/yr | N/A |
| $900K | $570.65 $6,848/yr | $761.68 $9,140/yr | $957.05 $11,485/yr | $1567.73 $18,813/yr | N/A |
| $1M | $624.78 $7,497/yr | $816.64 $9,800/yr | $1043.67 $12,524/yr | $1656.66 $19,880/yr | N/A |
| $1.1M | $686.64 $8,240/yr | $897.66 $10,772/yr | $1147.44 $13,769/yr | $1821.79 $21,861/yr | N/A |
| $1.2M | $748.49 $8,982/yr | $978.68 $11,744/yr | $1251.20 $15,014/yr | $1986.92 $23,843/yr | N/A |
| $1.3M | $810.35 $9,724/yr | $1059.70 $12,716/yr | $1354.97 $16,260/yr | $2152.06 $25,825/yr | N/A |
| $1.4M | $872.20 $10,466/yr | $1140.72 $13,689/yr | $1458.73 $17,505/yr | $2317.19 $27,806/yr | N/A |
| $1.5M | $934.25 $11,211/yr | $1222.03 $14,664/yr | $1562.69 $18,752/yr | $2482.32 $29,788/yr | N/A |
| $1.6M | $996.12 $11,953/yr | $1303.07 $15,637/yr | $1666.47 $19,998/yr | $2647.45 $31,769/yr | N/A |
| $1.7M | $1057.99 $12,696/yr | $1384.11 $16,609/yr | $1770.25 $21,243/yr | $2812.59 $33,751/yr | N/A |
| $1.8M | $1119.85 $13,438/yr | $1465.16 $17,582/yr | $1874.02 $22,488/yr | $2977.72 $35,733/yr | N/A |
| $1.9M | $1181.72 $14,181/yr | $1546.20 $18,554/yr | $1977.80 $23,734/yr | $3142.85 $37,714/yr | N/A |
| $2M | $1243.59 $14,923/yr | $1627.24 $19,527/yr | $2081.58 $24,979/yr | $3307.98 $39,696/yr | N/A |
| $2.5M | $1553.40 $18,641/yr | $2033.14 $24,398/yr | $2600.94 $31,211/yr | $4133.65 $49,604/yr | N/A |
| $3M | $1862.83 $22,354/yr | $2438.48 $29,262/yr | $3119.93 $37,439/yr | $4959.31 $59,512/yr | N/A |
| $3.5M | $2172.27 $26,067/yr | $2843.83 $34,126/yr | $3638.91 $43,667/yr | $5784.97 $69,420/yr | N/A |
| $4M | $2481.70 $29,780/yr | $3249.17 $38,990/yr | $4157.90 $49,895/yr | $6610.63 $79,328/yr | N/A |
* Fewer than 3 carriers offered this combination, so this rate is based on limited data.
How These Rates Are Calculated
We quote every combination of age, gender, coverage amount, term length, and health class across multiple top-rated life insurance carriers. Each rate you see is the average of the 2–3 lowest quotes—a realistic picture of what a healthy applicant is likely to pay. These rates are for Texas residents. The data behind this page comes from thousands of individual carrier quotes.
Frequently Asked Questions
What life insurance options are available at 58?
Term life insurance is still available at 58, though the range of term lengths narrows and premiums are significantly higher than in earlier decades. Most carriers offer 10- and 15-year terms; 20-year terms are available from some carriers; 25- and 30-year terms are rare or unavailable. For most 58-year-olds, a standard term policy through full underwriting still offers the best value per dollar of coverage.
What does term life insurance cost for a 58-year-old?
Rates are significantly higher at this age, but coverage is still within reach. The lowest rate we found for a 58-year-old is $23.44/mo for a $100K 10-year term with Preferred health. For a $500,000 20-year policy, expect about $178.22/mo for men and $128.48/mo for women in Preferred health. The tables above show what’s available across all coverage amounts and term lengths so you can find the right fit.
Do I need life insurance if I’m retiring soon?
Not necessarily—but many people at 58 still have financial exposure. Ask yourself: does your spouse rely on your income or pension? Is your mortgage paid off? Would your death create a financial hardship for anyone? If the answer to any of these is yes, coverage for the next 10–15 years can provide peace of mind and financial security for the people who depend on you.
Can I qualify for good rates with health issues?
You may not qualify for Preferred class, but Standard rates are designed for people with common age-related conditions. Controlled high blood pressure, managed cholesterol, mild diabetes, and a history of certain treatments are all underwritable. The key word is “controlled”—insurers look for a track record of treatment and stability. Your rates will be higher than Preferred, but coverage is very much available.
Is a 10-year term the smartest choice at 58?
For many people at 58, yes. A 10-year term covers you through age 68, which is enough time to bridge the gap to retirement, pay down a mortgage, or cover a spouse until their own retirement benefits kick in. It’s also the most affordable option—longer terms at this age carry steep premiums. That said, if you have obligations that extend further, a 15- or 20-year term may be worth the extra cost.
Your Rate Could Be Even Lower
These are market averages. Your actual premium depends on your health, lifestyle, and the carrier. Get a free, no-obligation quote tailored to you.
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