$10,000 Whole Life Insurance Policy (Best Quotes Available)
$10,000 Whole Life Insurance Policy (Best Quotes Available)
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A $10,000 life insurance policy might be the perfect fit for your financial situation. For a low and simple monthly payment, your family will be financially secure.
You might be wondering how much 10,000 dollars of coverage is going to cost.
$10,000 Whole Life Insurance Quotes
Age, gender, health, and smoking status all play a role in the funeral insurance cost someone should expect to pay for a $10000 insurance policy. The quotes listed below are examples of what a healthy individual will pay each month.
The quotes listed are for policies that do not require a waiting period or medical exam.
50 – 59 Burial Insurance Quotes$10,000 Coverage |
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| Age | Female (Non-Smoking) | Female (Tobacco) | Male (Non-Smoking) | Male (Tobacco) |
| 50 | $24 | $32 | $31 | $38 |
| 51 | $25 | $33 | $31 | $39 |
| 52 | $26 | $34 | $32 | $41 |
| 53 | $26 | $35 | $33 | $44 |
| 54 | $27 | $37 | $34 | $46 |
| 55 | $28 | $39 | $36 | $48 |
| 56 | $29 | $40 | $37 | $50 |
| 57 | $30 | $41 | $39 | $52 |
| 58 | $31 | $42 | $40 | $54 |
| 59 | $32 | $44 | $42 | $57 |
60 – 69 Burial Insurance Quotes$10,000 Coverage |
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| Age | Female (Non-Smoking) | Female (Tobacco) | Male (Non-Smoking) | Male (Tobacco) |
| 60 | $33 | $45 | $44 | $60 |
| 61 | $34 | $47 | $46 | $63 |
| 62 | $36 | $50 | $49 | $68 |
| 63 | $38 | $52 | $51 | $71 |
| 64 | $39 | $54 | $54 | $76 |
| 65 | $41 | $57 | $56 | $80 |
| 66 | $43 | $60 | $60 | $85 |
| 67 | $46 | $64 | $63 | $91 |
| 68 | $48 | $67 | $67 | $97 |
| 69 | $51 | $70 | $71 | $101 |
70 – 79 Burial Insurance Quotes$10,000 Coverage |
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| Age | Female (Non-Smoking) | Female (Tobacco) | Male (Non-Smoking) | Male (Tobacco) |
| 70 | $53 | $74 | $75 | $107 |
| 71 | $56 | $79 | $79 | $115 |
| 72 | $58 | $85 | $84 | $121 |
| 73 | $64 | $90 | $89 | $130 |
| 74 | $68 | $95 | $95 | $137 |
| 75 | $72 | $100 | $100 | $145 |
| 76 | $78 | $109 | $107 | $160 |
| 77 | $84 | $118 | $114 | $174 |
| 78 | $88 | $127 | $122 | $186 |
| 79 | $93 | $134 | $130 | $196 |
80 – 89 Burial Insurance Quotes$10,000 Coverage |
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| Age | Female (Non-Smoking) | Female (Tobacco) | Male (Non-Smoking) | Male (Tobacco) |
| 80 | $98 | $135 | $140 | $206 |
| 81 | $106 | $147 | $150 | $219 |
| 82 | $114 | $161 | $160 | $238 |
| 83 | $121 | $171 | $171 | $255 |
| 84 | $129 | $180 | $182 | $269 |
| 85 | $136 | $192 | $193 | $283 |
| 86 | $171 | $257 | $236 | $394 |
| 87 | $206 | $299 | $277 | $453 |
| 88 | $241 | $341 | $317 | $513 |
| 89 | $275 | $384 | $358 | $572 |
Whole Life Insurance Basics
Every whole life insurance policy requires three permanent features.
Premiums Never Raise: The premiums will never increase. This allows seniors on a fixed income to know what their monthly life insurance bills will be in the future.
Coverage Never Expires: Whole life insurance policies stay in force as long as the policyholder is alive and paying premiums. Seniors will be given peace of mind knowing they will never outlive their policy.
Builds a Cash Value: For each payment made, a portion will go towards the cash value. Over time this amount will grow and can be borrowed from. Speak with your agent to learn the expected value over time.
Other Benefits of Final Expense Whole Life Insurance
Affordable: Burial insurance comes in small policy amounts, making it more affordable than traditional whole life insurance. Death benefit amounts range from $2,000 to $40,000. However, a $10,000 and 25000 whole life insurance policy is the most common.
No Medical Exam: Applicants are never asked to get a medical exam for final expense insurance. This makes the process quick and easy.
Accepting Applications: Each life insurance company sets its own underwriting criteria. Some policies require seniors to be in good health, while others ask no medical questions and accept applications for virtually everybody.
Avoid Term Insurance
Term policies are suitable for specific circumstances like replacing the head of the household’s income or for temporary coverage. Using term insurance for your burial insurance needs is a gamble because it will expire at some point. If the policy terminates before the policyholder’s death, funeral costs will fall to unassuming family members.
Term insurance either expires at a certain age or after a specific period of time. If you live past this age or time period, your coverage will stop, and your family will not receive a payout.
Read The Fine Print
Anyone over the age of 50 has had life insurance promotional material sent to their mailbox. This “exclusive term insurance offer” can come from many companies. These plans have great marketing to display their low prices.
There is a catch. The catch is that once you reach a specific age, your coverage will expire. Also, not only do the plans expire many companies raise the price the older you get.
For example, if you take out a $10,000 life insurance policy at the age of 50, the monthly premium will triple over the next 20 years. On top of that, the policy will expire when you reach 80 years old. Listed below is an example of a term policy that will increase in price over time.
$10000 Term PolicyMonthly Premiums |
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|---|---|---|---|
| Age | Female | Male | |
| 50 | $11 | $14 | |
| 55 | $13 | $18 | |
| 60 | $17 | $24 | |
| 65 | $21 | $31 | |
| 70 | $33 | $42 | |
| 80 | Terminates | Terminates | |
$10000 Life Insurance For Seniors FAQ’s
How Much is a 10000 Life Insurance Policy Per Month?
The price for a $10000 life insurance policy will be $30 – $200 per month. The monthly premium you will pay depends on several factors, including age, gender, and medical history. The healthier and younger you are, the lower your premium will be.
What Would 10000 of Life Insurance Cost for a 70 Year Old Man?
A 70-year-old male can expect to pay between $71 – $102 per month, depending on his medical history. Burial insurance for seniors over 70 is an affordable option for coverage.
What is the Smallest Life Insurance Policy?
Life insurance coverage can be found for as little as $2,000. Typically life insurance will have higher coverage amounts that start at $50,000 and reach into the millions. However, final expense for seniors starts at $2,000 of coverage, making the monthly premium affordable and coverage accessible to seniors.
What is the Cash Value of a $10000 Life Insurance Policy?
The cash value will build overtime for a $10,000 policy. With each payment made, a small portion will be directed to the cash value account. This can be borrowed from in future years once the account has been built up. Your agent will be able to show you a timeline of your policy’s expected value.
Is A $10000 Whole Life Insurance Policy Good for Seniors?
Seniors commonly take out a $10,000 whole life insurance policy to cover their burial and funeral cost. This coverage is a great option for seniors on a fixed income who need permanent coverage that will not expire or fluctuate in price. The monthly premiums are very reasonable and affordable.
How Do I Buy a $10k Burial Insurance Policy?
The easiest way to purchase final expense life insurance coverage is by speaking to an independent agent. However, there are three ways to get this type of coverage.
Direct with Provider: While it might seem to be the best way to buy, purchasing directly with the insurance company usually leaves people paying more. The reason for the higher cost is because, as strange as it sounds, the representatives working at the company do not have access to all of the plans. In fact, when you purchase directly from some carriers, there are only guaranteed acceptance plans available. many of the top plans are contracted out to independent agents.
Captive Agent: This type of agent represents one company only. Oftentimes these agents or agencies offer coverage across multiple lines, including home, life, and auto. Offering a wider array of coverage options limits how specialized they can be in any one field.
Independent Agent: An independent agent has the ability to represent as many insurance providers as they want. Since they can choose, independent agencies usually offer the best of the best.
How Can Willamette Life Help?
Willamette Life is an independent agency that specializes in small whole life insurance plans. These plans are meant to cover burial expenses as well as any bills you leave behind. We will find the top plans that match your medical history to secure the lowest possible rate.
Call us at 844-576-0019
Final Thoughts About $10000 Whole Life Insurance
a. Small whole life insurance policies can be found for a low and affordable monthly rate. These plans are simple to qualify for with no hassle of a medical exam.
b. When finding $10000 life insurance, make sure you do not get sucked into buying term life insurance plans. These plans can be deceptive and are not your best option.
c. Work with an expert to find the best funeral insurance plans at the lowest possible price.
I’m the owner and founder of Willamette Life Insurance. Willamette Life specializes in Final Expense Insurance. We compare prices with different insurance carriers while finding the perfect match for your health and budget. This company was started to help educate the public on why Final Expense Insurance could be a great option for them and their family. We strive to be friendly, informative, and always have the client’s best interest as our top priority. Everything in this article is my own professional opinion and experiences I have had during my time in helping clients.