for age 68 life insurance call: (910) 328-0447
or request a quote
Life insurance for a 68 year old male or female Guaranteed Universal Life (GUL) costs far less than Whole Life locking in fixed premium coverage for life. See sample rates below.
Please refer here for a full range of product and carrier recommendations for those in their 60’s. See here for Whole final expense quotes in their 60’s. Below after the permanent rates are life insurance quotes for 10 ,15 and 20 year term, and age 90 Guaranteed UL quotes for a 68 year old male and a 68 year old female.
Female – 68 year old woman – permanent
| Face Amount |
Monthly at Preferred Best |
Monthly at Standard |
Guarantee Period |
Top Carrier |
| $25,000 | $80.89 | $89.19 | Age 121 | Pacific Life |
| $50,000 | $134.00 | $153.05 | (approximate) at preferred best: Protective Life at standard | |
| $100,000 | $196.09 | $242.76 | Penn Mutual | |
| $250,000 | $481.87 | $595.19 | Penn Mutual at preferred best; American National at standard | |
| $500,000 | $946.25 | $1,147.50 | Penn Mutual at preferred best; Protective at standard | |
| $1,000,000 | $1,830.00 | $2,223.00 | Protective | |
| $2,000,000 | $3,660.00 | $4,446.00 | Protective | |
| $5,000,000 | $9,150.00 | $11,115.00 | Protective |
Male – 68 year old – permanent
| Face Amount |
Monthly at Preferred Best |
Monthly at Standard |
Guarantee Period |
Top Carrier |
| $25,000 | $87.89 | $99.18 | Age 121 | Pacific Life |
| $50,000 | $155.07 | $175.80 | Pacific Life at preferred best; Protective at standard | |
| $100,000 | $235.41 | $293.10 | Penn Mutual at preferred best; Pacific Life at standard | |
| $250,000 | $541.25 | $701.75 | Protective | |
| $500,000 | $1,066.00 | $1,394.50 | Protective at preferred best; Pacific Life at standard | |
| $1,000,000 | $2,083.00 | $2,658.40 | Protective at preferred best; Pacific Life at standard | |
| $2,000,000 | $4,166.00 | $5,297.27 | Protective at preferred best; Pacific Life at standard | |
| $5,000,000 | $10,415.00 | $13,213.89 | Protective at preferred best; Pacific Life at standard |
Term quotes and age 90 fixed premium Guaranteed Universal Life (Guaranteed UL)
Female – Preferred Best – Age 68 – monthly
| Face Amount |
10 year Term |
15 year Term |
20 year Term |
Age 90 Guaranteed UL |
| $100,000 | $45.34 | $60.64 | $126.36 | $156.45 |
| $250,000 | $92.69 | $124.84 | $249.73 | $331.44 |
| $500,000 | $158.84 | $223.26 | $438.80 | $633.92 |
| $1,000,000 | $284.56 | $440.99 | $834.41 | $1,181.44 |
Female – Standard Non-Tobacco – 68 year old – monthly
| Amount | 10 year Term |
15 year Term |
20 year Term |
Age 90 Guaranteed UL |
| $100,000 | $79.48 | $108.66 | $178.51 | $189.58 |
| $250,000 | $174.22 | $233.39 | $376.06 | $398.55 |
| $500,000 | $319.64 | $427.61 | $692.16 | $768.41 |
| $1,000,000 | $583.58 | $815.47 | $1,358.28 | $1,441.38 |
Male – Preferred Best – Age 68 – monthly
| Amount | 10 year Term |
15 year Term |
20 year Term |
Age 90 Guaranteed UL |
| $100,000 | $70.38 | $96.10 | $153.03 | $175.50 |
| $250,000 | $134.91 | $178.36 | $323.26 | $409.45 |
| $500,000 | $239.96 | $337.16 | $626.47 | $789.03 |
| $1,000,000 | $452.16 | $640.16 | $1,211.82 | $1,479.28 |
Male – Standard Non-Tobacco – 68 year old – monthly
| Amount | 10 year Term |
15 year Term |
20 year Term |
Age 90 Guaranteed UL |
| $100,000 | $119.05 | $160.72 | $235.29 | $235.70 |
| $250,000 | $251.70 | $347.33 | $505.65 | $509.46 |
| $500,000 | $470.85 | $688.38 | $1,000.84 | $985.38 |
| $1,000,000 | $892.90 | $1,286.74 | $1,965.55 | $1,847.72 |
Closer to being 69 years old? If over 68 and a half, see age 69 quotes, since most carriers set rates by nearest age. Backdating a policy up to six months to save previous age is generally permitted.
Social Security Actuarial Table
Please contact me for a free confidential quote. Many more options available.
Sean Drummey
phone: (910) 328-0447
email: spdrummey@gmail.com
national producer #5534308
Lower premiums available on Guaranteed UL (GUL) a.k.a. universal Life with Secondary Guarantees (ULSG), with fixed premium guarantees to age 90, age 95, age 100, age 105, age 110 or whatever age designated. Catch up premium options available with some plans. Contact me for details.
Companies & Products quoted:
Protective Life Insurance Company “Protective Lifetime Assurance UL”
Penn Mutual Life Insurance Company “Penn Mutual Guarantee Protection UL”
Pacific Life Insurance Company “Pacific Life PL Promise GUL”
contact me for carrier for quotes given as approximate
Case Study: March 2024
Female, age 68 preferred
$83.36 monthly $25,000 level benefit age 121 Guaranteed Universal Life, Pacific Life, at preferred
$136.35 monthly $25,000 increasing benefit whole life MassMutual at standard
Guaranteed Universal Life (GUL, NLG) is very cost effective. Whole life builds cash value, increasing the death benefit and is more flexible with premium payments or reduced paid up life insurance. One dividend option is to buy paid-up additions to reduce or eliminate out of pocket premiums. True premium offset is more realistic to achieve at a reasonable age in one’s early to mid 60s.
Case study: November 2023
male, age 68, standard non-tobacco
$395.17 monthly $150,000 benefit American General “Value+ Protector III” Indexed Universal Life, age 90 death benefit guarantee (NLG), non-guaranteed benefit to age 131, non-guaranteed cash value accumulation to age 131; expanded standard through table B; 50% Return of premium (ROP) option year 20.
$439.65 monthly $150,000 benefit Protective “Protective Lifetime Assurance UL”, age 121 NLG, partial ROP option, payout on full surrender starting year 10.
Updated: 11/1/2023 – non tobacco quotes updated 9/20/23; rates subject to change; quote accuracy or completeness not guaranteed