71 Year Old Best Life Insurance

for age 71 life insurance call: (910) 328-0447
request a quote

The best type of permanent life insurance for seniors 71 years old male and female is Guaranteed Universal Life. It is much less expensive than Whole Life while still guaranteeing lifetime coverage. Click here for a full range of product and carrier recommendations for individuals in their 70’s. If looking for a smaller less expensive benefit, see here for final expense whole life quotes age 71, and a complete range of whole life quotes for ages 70 to 79.

Female – 71 years old

Face
Amount
Monthly at
Preferred
Best
Monthly at
Standard
Guarantee
Period
Top Carrier
$25,000 $92.18 $101.73  Age 121 Pacific Life
$50,000 $163.77 $190.35 Pacific Life at preferred best; Protective at standard
$100,000 $242.53 $296.26 Penn Mutual
$250,000 $598.08 $731.80 Penn Mutual at preferred best; Protective at standard
$500,000 $1,178.85 $1,440.75 Penn Mutual at preferred best; Pacific Life at standard
$1,000,000 $2,279.00 $2,790.42 Protective at preferred best; Pacific Life at standard
$2,000,000 $4,558.00 $5,561.32 Protective at preferred best; Pacific Life at standard
$5,000,000 $11,395.00 $13,874.01 Protective at preferred best; Pacific Life at standard

Male – 71 years old

Face
Amount
Monthly at
Preferred
Best
Monthly at
Standard
Guarantee
Period
Top Carrier
$25,000 $101.30 $114.30  Age 121 Pacific Life
$50,000 $182.01 $208.41 Pacific Life
$100,000 $281.23 $351.98 Penn Mutual
$250,000 $650.25 $848.90 Protective Life at preferred best; Pacific Life at standard
$500,000 $1,294.00 $1,663.54 Protective Life at preferred best; Pacific Life at standard
$1,000,000 $2,568.00 $3,213.67 Protective Life at preferred best; Pacific Life at standard
$2,000,000 $5,136.00 $6,407.82 Protective Life at preferred best; Pacific Life at standard
$5,000,000 $12,839.94 $15,990.27 Protective Life at preferred best; Pacific Life at standard

Closer to being 72 years old?  If over 71 and a half, please see age 72 quotes, since most life insurance carriers set rates by nearest age. Backdating a policy up to six months to save previous age is generally permitted.

Lower premiums available on Guaranteed UL plans with the no lapse guarantee 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.  Guaranteed Universal Life (GUL) is also known as Universal Life with Secondary Guarantees (ULSG).

Please contact me for a free confidential quote.  Many more options available.

Sean Drummey for those 71Licensed Agent: Sean Drummey
phone: (910) 328-0447
email: spdrummey@gmail.com
National producer number: 5534308


Case study January 2024:
Female, age 71, standard plus (select) non tobacco
$97.87 monthly      $25,000 benefit age 121 Guaranteed Universal Life (GUL), Pacific Life
$175.12 monthly    $50,000 benefit age 121 GUL, Pacific Life
$296.26 monthly   $100,000 benefit age 121 GUL, Penn Mutual at standard
$207.61 monthly  $100,000 benefit age 90 GUL, with catch-up premium ages 91-121
$301.10 monthly  $150,000 benefit age 90, GUL, with catch up premium ages 91-121


rate classifications, non tobacco: preferred best, preferred, standard plus (select), standard, substandard table 2, 4, 6, 8  (or table B, D, F, H)


Carriers and products quoted:
Pacific Life Insurance Company: “Pacific Life PL Promise GUL ”
The Penn Mutual Life Insurance Company: “Penn Mutual Guaranteed Protection UL”
Protective Life Insurance Company: “Protective Lifetime Assurance UL”

quotes update: 10/9/2023  – non tobacco; rates subject to change; quote accuracy or completeness not guaranteed