How Much Is Term Life Insurance For 62 Year Old? 
Regardless of age , here are the things to consider when buying life insurance . If you died today how would your loved ones be affected ? Do they depend on your income ? How much debt would be left i.e. mortgage , car loans , credit cards , etc. ? Last do they have the money liquid to cover final expenses , i.e. taxes , funeral , etc. ? Once you answer those questions , how many years will it be before they do not need your income ? When is debt paid in full and money set aside for final expense ? For example , you need ten times your income in order for them to invest the money to replace your income . Add to that the total debt number and how the years until payoff . If you need $ 500,000 to complete that and it will take you 15 years or age 77 when all is paid off , then purchase $ 500,000 15 year term policy to cover this scenario . 