It's never too late to protect your family's future
Many people over 50 still have significant mortgage balances. Life insurance ensures your spouse can keep the family home debt-free.
If you're still working, your spouse may need income replacement for several years until they can access retirement benefits or adjust their lifestyle.
Life insurance can provide an instant inheritance for your children or grandchildren, regardless of other assets or estate complexities.
Pay off remaining mortgage balance
Support spouse until retirement/benefits kick in
Funeral, medical bills, estate settlement
Leave money to children or charities
Many common health conditions don't prevent you from getting life insurance - they may just affect your premium.
The key is working with insurers who specialize in your condition and presenting your health in the best light.
Find Insurance with Health ConditionsSample rates for $250,000 term life insurance (non-smoker, good health)
| Age | Male | Female | 10-Year Term | 20-Year Term |
|---|---|---|---|---|
| 50 | $85/month | $65/month | $75/month | $120/month |
| 55 | $125/month | $95/month | $110/month | $185/month |
| 60 | $195/month | $145/month | $170/month | $285/month |
| 65 | $315/month | $235/month | $275/month | $450/month |
*Rates are estimates and vary by insurer and individual health profile
Get Your Personalized QuoteIf you only need coverage for 10-20 years (until mortgage is paid or spouse reaches pension age), term life insurance can be much cheaper than whole life.
Quit smoking (rates improve after 12 months), manage chronic conditions well, and maintain a healthy weight. These can significantly impact your premiums.
Many insurers prefer applicants who are still employed. Secure coverage before retirement if possible, even if you plan to reduce it later.
Different insurers have varying approaches to health conditions and age. One insurer might offer significantly better rates for your specific situation.
If your coverage needs decrease over time (like a shrinking mortgage), decreasing term policies can offer lower premiums than level term.
Paying annually instead of monthly typically saves 5-8% on premiums and eliminates policy fees. This saving becomes more significant with higher premiums.
Get personalized quotes from New Zealand's leading insurers today