Illustrative Monthly Premiums by Age
The figures below are illustrative national averages for a non-tobacco applicant purchasing $10,000 of simplified issue coverage. Your actual quote will vary by carrier, state, gender, tobacco use, and health class — the only way to know your exact rate is to compare quotes directly.
- ✓Ages 50-59: roughly $30-$50 per month
- ✓Ages 60-69: roughly $45-$70 per month
- ✓Ages 70-79: roughly $65-$100 per month
- ✓Ages 80-85: roughly $90-$140+ per month
5 Factors That Determine Your Rate
Insurance carriers price final expense policies using a handful of core rating factors. Understanding them can help you see where you have some control over your premium.
- ✓Age at the time you apply — the single biggest factor
- ✓Gender — women typically receive slightly lower rates than men at the same age
- ✓Tobacco use — smokers usually pay 30-60% more than non-smokers
- ✓Health class — simplified issue applicants are placed into tiers based on their health answers
- ✓Face amount — the total coverage you select, usually between $2,000 and $50,000
Get a Personalized Rate in Minutes
Speak with a licensed agent who can quote your exact rate based on your age, state, and health — free and with no obligation.
Simplified Issue vs. Guaranteed Issue Pricing
Simplified issue policies price applicants based on their answers to a short health questionnaire, which allows healthier applicants to access the lowest available rates.
Guaranteed issue policies skip health questions altogether, so every applicant in the eligible age range pays a similar, somewhat higher rate for the same face amount. In exchange for the easier approval, guaranteed issue policies usually include a graded death benefit for the first two to three years, meaning a natural-cause death during that window returns premiums paid plus interest rather than the full face amount. Accidental death is typically covered in full from day one.
How to Get the Lowest Possible Rate
A few practical steps can meaningfully lower what you pay for the same amount of coverage.
- ✓Apply as early as possible — rates only go up with age
- ✓Quit tobacco use before applying, if health-question underwriting applies
- ✓Choose simplified issue instead of guaranteed issue if your health qualifies
- ✓Compare quotes from multiple A-rated carriers rather than buying the first offer
- ✓Select the smallest face amount that still fully covers your intended costs