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Life Insurance Options For A 50 Year-Old Woman

Life Insurance Options for a 50 Year-Old Female

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Today, I’m going to be going over what life insurance options are available for a 50 year-old female.

If you’re reading this article today, you’re probably looking for information on life insurance for yourself or a loved one.

If so, then you’re in the right place!

I’m going to be giving you valuable information explaining how a 50 year-old woman can find quality life insurance to cover the expenses of her death.

The information I give you today will help you get well on your way to purchasing life insurance coverage for a 50 year-old female.

Today, we’ll be talking about:

    • Why 50 Year-Old Females Buy Life Insurance
    • Factors That Affect Insurability
    • What Type Of Life Insurance Coverage Options Are Available For A 50 Year-Old Female
    • Strategies To Get The Best Prices

Why 50 Year-Old Females Buy Life Insurance

Let’s start off by discussing why a 50 year-old woman would be looking to purchase life insurance in the first place.

Usually, it’s because she either wants to make sure her final expenses are covered, or she wants to make sure there’s a lump sum to cover other expenses (such as debts, loans, or income) at the time of her death.

Maybe she has recently had a significant life change, such as the loss of a spouse or a divorce, and she wants to make sure she has life insurance coverage in place.

There may be another reason entirely that she may choose to purchase a life insurance policy.

Here are the top five reasons people choose to purchase life insurance:

1. To Pay For Final Expenses Such As Burial And Cremation Costs.

Did you know that cremation can cost between $5,000 and $6,000 and burial expenses can cost between $10,000 and $15,000? Many people choose to purchase life insurance coverage so that they can make sure their final expenses like burial costs are covered.

2. To Provide A Substantial Cash Benefit To Your Survivors To Replace Your Lost Income.

Do you have a family member or loved one who depends on your income? Many people purchase life insurance so that their loved ones can have a lump sum of money to help replace the income that will be lost when they pass away.

3. To Pay Off Large Debts Such As Mortgage, Auto, Education, and Business Loans.

Do you have debt? A life insurance policy that pays a large lump sum when you pass away can help your loved ones pay off your debts like a mortgage. That way, they won’t have to try and figure out a way to pay it themselves.

4. You Love Your Family And Want To Provide Financial Peace Of Mind During A Time Of Personal Tragedy.

Maybe you simply want to leave your family with a loving gift when you pass. Many people choose to purchase life insurance so that they can gift their loved ones with a substantial amount of money upon their death.

5. To Leave A Legacy To Your Church Or Favorite Charity.

Are you actively involved with your church or a particular charity? Naming them as the beneficiary of your life insurance policy is a great way to leave them with a monetary gift when you pass away.

So, as you can see, there are many reasons as to why a person would choose to purchase life insurance coverage. But, no matter the reason, a 50 year-old woman DOES have options available to her.

Keep reading to learn more!

Life insurance for 50 year-old woman

Factors That Affect Insurability

Before we get into the specific details of life insurance options available to a 50 year-old woman, it’s worth pointing out that there are a few factors that can affect her eligibility for coverage and how much she will pay for a plan.


Age can be a factor when determining eligibility and cost.

The truth is, the older you get, the more expensive life insurance can be. That’s why it’s important to purchase coverage NOW and secure today’s rates instead of waiting and purchasing it sometime in the future.

Age will directly affect your insurability, so don’t delay purchasing life insurance even one more day.

Secure your coverage NOW.


Probably the most important factor in determining insurability is the status of your health.

The life insurance company will provide you with a list of detailed health-related questions that you will need to answer.

Some of the questions may include requesting specifics regarding:

  1. Your Age
  2. Your Height
  3. Your Weight
  4. Your Health
  5. If You Smoke

It’s very important that you are up front and honest about your health.  Make sure you are completely transparent when answering the health-related questions.

The insurance companies will look more favorably on your application if you’re being honest with them.


Another factor that can affect your insurability is your hobbies.

Do you participate in any high-risk activities?  Do you like to go scuba diving, skydiving, or mountaineering?

If so, the life insurance company will want to know.

Again, make sure you’re totally honest on your application regarding your hobbies, even if they are considered risky.

Just because you participate in high-risk activities does NOT mean that you won’t be able to find coverage.

You may have to pay a little more for coverage, but there ARE companies who are willing to work with individuals who have risky hobbies.

You just need to let them know that information up front on your application.

What Type Of Life Insurance Coverage Options Are Available For A 50 Year-Old Female

Next, I’m going to talk about the most common types of life insurance available to a 50 year-old female.

life insurance for a 50 year-old woman

Term Life Insurance

Term life insurance is generally purchased by younger individuals as temporary coverage.

Although there may be some term life insurance options available to a 50 year-old female, it may not necessarily be the best choice.

However, if you are looking to cover a large mortgage or replace your income, purchasing term life insurance may make good financial sense.

Most folks in their 50s end up purchasing one of the following lengths of term life insurance:

  1. 10 years
  2. 20 years
  3. 30 years

Keep in mind that the odds are you will outlive the term on a term life insurance policy.  If you’re main goal is to purchase a burial insurance policy to protect against final expenses, term insurance doesn’t make much sense.

Additionally, you would have a harder time renewing your term life insurance coverage, since you will be renewing it at an advanced age. Typically the older you get, the higher the premium, and the higher likelihood you may have new health issues that could prevent you from qualifying for coverage.

So, unless you are wanting temporary coverage for a specific period of time, then it may not be the best option for you.

Because term life insurance is only a temporary solution, you may want to look at whole life or universal life insurance coverage instead.

Whole Life Insurance

Whole life insurance is designed to be permanent coverage.

Although it can be a bit more expensive than term life coverage, the premium rates for whole life coverage will generally stay the same throughout the policy.

Also, with whole life insurance, first day full benefit coverage is a possibility if you’re eligible.

You won’t have to worry about your coverage being canceled either.  As long as you’re paying your premiums, your coverage cannot be canceled at any time due to age or health.

Another benefit of whole life coverage is that there is a cash component to the plan as well.  If you needed to borrow money against the plan, you have that option.

But, really, the biggest benefit to whole life insurance is the peace of mind that it can offer you.  With whole life coverage, you can feel secure knowing that you have permanent coverage in place.

No matter your reason for purchasing life insurance coverage, whole life is a great option to consider.

Below, I’ve included some of the most competitive rates for quality whole life coverage for 50 year-old females. Take a look and see what types of prices may be available to you.

Please note that these prices are subject to change, depending on where you live. If you want to see if you qualify for these prices, you’ll need to submit an application.

Universal Life Insurance

In a way, universal life insurance can be considered a way to purchase permanent-type coverage at a better price per dollar than whole life insurance.

But, it has to be designed correctly. I’ve met too many people who have been convinced to purchase high-price universal coverage, only to end up cancelling it later in life because they couldn’t afford it.

And let’s be honest here, life insurance that you can’t afford to pay for doesn’t do you any good.

Universal life coverage lasts until age 100, although you can extend the coverage to age 121.

So, if a 50 year-old female is considering purchasing universal life insurance, I like to recommend that she purchase a guaranteed universal life insurance policy.

With guaranteed universal life coverage, you will get permanent coverage with a special benefit attached. This benefit guarantees that as long as the exact premiums are paid in a timely manner, the plan cannot be canceled at any time in the future, no matter your age.

Although this type of coverage is more difficult to qualify for than a burial insurance policy and not necessarily my first recommendation, it CAN get the job done as far as meeting your needs related to final expense coverage.

Strategies To Get The Best Prices

Now, I’m going to discuss three specific ways you can lower the cost of life insurance for a 50 year-old female. Each of these is very simple and doable, but really can make a difference in how much you end up paying for a quality life insurance plan.

Know Your Goals

First, you need to determine WHY you’re purchasing life insurance. This is really important because you want to make sure you’re purchasing the right amount of coverage.

If you purchase too little, you won’t be able to meet your needs. And likewise, if you purchase too much, you’ll be paying more in premiums for coverage that you don’t need.

So, figure out why you’re purchasing life insurance.

Are you just wanting to make sure your final expenses are covered? Or maybe you’re wanting to make sure there’s a significant lump some of money for your loved ones when you pass. Or maybe it’s a combination of multiple reasons.

Regardless, it’s important that you first figure out exactly WHY you want life insurance coverage.

Know Your Budget

Just like it’s important to know why you’re purchasing life insurance coverage, it’s equally important to figure out how much you can afford to pay each month.

It is not beneficial to you in ANY way to purchase a plan that is way outside of your budget and that you will just end up having to cancel in the future.

Not only will this leave you without coverage, but it will also be harder to find quality coverage at an affordable price the older you get.

Knowing your budget will help determine how much coverage you can afford.

And, if for some reason you won’t be able to afford to purchase coverage that meets all your needs, don’t despair. The next goal would be to find coverage that can cover the basics.

Because, honestly, any life insurance coverage is better than NO life insurance coverage.

However, we do want to make sure that you get as much coverage as you possibly can to meet your needs. That’s why it’s important to take an honest look at your budget to see what you can afford in monthly premiums.

Work With A Broker

Life Insurance for a 50 Year-old woman

One of the BEST ways you can cut costs on life insurance is to work with a qualified broker.

Here at Buy Life Insurance for Burial, we represent a variety of life insurance companies. This means that we have several options to choose from when finding you the best plan for the best price.

We will take the information you’ve given us and shop around at the different companies to see who can offer you the best coverage for the best deal.

Because we specialize in life insurance coverage, we can answer any questions you may have and guide you along in the process.

We are here to partner with you to ensure that you have a quality life insurance plan that meets all your needs.

We want you to have peace of mind, knowing that you have quality life insurance coverage in place.

In Conclusion…

So now you know that if you’re looking to purchase life insurance for a 50 year-old female, whether that be for yourself or a loved one, there ARE options available to you.

If you’re ready to purchase quality life insurance coverage now, then go ahead and give us a call now.

Call us at 888-626-0439 today.

We’re ready to help you find quality life insurance coverage so that you can have peace of mind knowing that all your life insurance needs will be met.

Don’t wait any longer! Contact us to purchase your coverage today!

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