How Much Is Life Insurance For A 55 Year Old? 
It depends on the amount of coverage needed , the type of policy -LRB- term or permanent -RRB- , insurability and other factors . A healthy male age 55 who can qualify for Preferred rates and needs term insurance for the next 10 years could expect to pay as little as $ 150 per month for a $ 1M policy . An independent life insurance professional can help find the right policy . 