for age 74 life insurance call: (910) 328-0447
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Permanent life insurance for an age 74 year old male or female Guaranteed Universal Life is better than Whole Life, because it is less expensive and locks in coverage at a fixed rate up to a lifetime, age 120 or longer. Here are a full range of product and carrier recommendations for individuals in their 70’s. Go here for age 74 Whole Life final expense quotes.
Stay away from term life insurance as a senior in your mid 70’s. It’s cheaper for a reason. Term coverage at some point ends or goes way up in premium. Guaranteed lifetime coverage remains at a fixed premium. You may set the guarantee to age 90, age 95 or whatever age to lower costs.
Female – 74 year old
| Face Amount |
Monthly at Preferred Best |
Monthly at Standard |
Guarantee Period |
Top Carrier |
| $25,000 | $106.09 | $117.28 | Age 121 | Pacific Life |
| $50,000 | $191.73 | $214.10 | Pacific Life | |
| $100,000 | $300.18 | $362.25 | Penn Mutual | |
| $250,000 | $742.71 | $874.38 | Penn Mutual at preferred best; Pacific Life at standard | |
| $500,000 | $1,449.50 | $1,718.45 | Protective at preferred best; Pacific Life at standard | |
| $1,000,000 | $2,775.00 | $3,339.03 | Protective at preferred best; Pacific Life at standard | |
| $2,000,000 | $5,550.00 | $6,658.54 | Protective at preferred best; Pacific Life at standard | |
| $5,000,000 | $13,874.99 | $16,617.06 | Protective at preferred best; Pacific Life at standard |
Male – 74 year old
| Face Amount |
Monthly at Preferred Best |
Monthly at Standard |
Guarantee Period |
Top Carrier |
| $25,000 | $117.46 | $133.45 | Age 121 | Pacific Life |
| $50,000 | $214.46 | $246.45 | Pacific Life | |
| $100,000 | $339.88 | $424.49 | Penn Mutual | |
| $250,000 | $791.50 | $1,012.15 | Protective at preferred best; Pacific Life at standard | |
| $500,000 | $1,575.50 | $1,992.69 | Protective at preferred best; Pacific Life at standard | |
| $1,000,000 | $3,128.00 | $3,895.50 | Protective at preferred best; Pacific Life at standard | |
| $2,000,000 | $6,256.00 | $7,771.49 | Protective at preferred best; Pacific Life at standard | |
| $5,000,000 | $15,639.99 | $19,399.44 | Protective at preferred best; Pacific Life at standard |
Closer to age 75? If over 74 and a half, age 75 rates may apply, since most carrier set rates by nearest age. Backdating a policy up to six months to save previous age is generally permitted.
National Association of Insurance Commissioners (NAIC) life insurance FAQ and questions
Please contact me for a free confidential free quote. Many more options available.
Licensed Agent: Sean Drummey
phone: (910) 328-0447
email: spdrummey@gmail.com
national producer #5534308
Carrier and product quoted:
Pacific Life Insurance Company: “PL Promise Guaranteed UL (GUL)”
Penn Mutual Life Insurance Company: “Penn Mutual Guaranteed Protection UL”
Protective Life: “Protective Lifetime Assurance UL”
updated: 10/11/2023 – non tobacco rates; rates subject to change; quote accuracy or completeness not guaranteed