If you are a grandparent, it is important to make sure that you have life insurance. This is especially true if you are the primary caregiver for your grandchildren. If something happens to you, it will be important for them to have financial stability. In this guide, we will discuss the best options for cheap life insurance for grandparents. We will also provide some tips on how to get the best rates.
Cheapest Life Insurance For Grandmothers
If you don’t want to burden your loved ones with any debt or funeral expenses, purchasing life insurance later in life may be a smart choice. The cost of life insurance usually goes up as you get older, but there are ways to save on premiums. Here are some options to look at if you’re a grandmother and want to find the lowest cost for a policy.
| Company/Age | 65 | 70 | 75 | 80 |
|---|---|---|---|---|
| Protective | $215.40 | $372.87 | $669.73 | $1,936.90 |
| Pacific Life | $216.75 | $373.15 | $696.61 | $1,846.31 |
| AIG | $216.89 | $375.34 | $700.79 | $1,857.17 |
| Lincoln Financial | $218.16 | $377.48 | N/A | N/A |
| Principal | $223.16 | $381.84 | $704.80 | $1,868.04 |
Cheapest Life Insurance For Grandfathers
Depending on factors such as health conditions and death benefit amount, life insurance for males who are older may be more expensive. But to save money, it is a good idea to shop around different insurance carriers. Check out the table below to see the top five cheapest life insurance policies for grandfathers.
| Company/Age | 65 | 70 | 75 | 80 |
|---|---|---|---|---|
| Protective | $341.76 | $596.26 | $1,157.25 | $2,760.01 |
| Pacific Life | $342.22 | $606.92 | $1,160.25 | $2,719.91 |
| AIG | $343.99 | $610.81 | $1,173.48 | $2,735.90 |
| Lincoln Financial | $346.00 | $603.29 | N/A | N/A |
| Principal | $350.79 | $614.38 | $1,181.12 | $2,751.91 |
Compare Life Insurance Quotes For Grandparents
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Frequently Asked Questions
Who offers the best life insurance for grandparents?
Because of their higher maximum coverage levels and A+ (Superior) rating with A.M. Best, Banner Life offers the best life insurance for grandparents.