Best Life Insurance for 50-Year-Olds & Over in 2026

USAA earned a MoneyGeek Score of 4.7 out of 5, the highest in our analysis, making it the best guaranteed acceptance life insurance option for 50-year-olds. It accepts applicants ages 45 to 85 with no health questions or medical exam required.

A 50-year-old nonsmoker pays an average of $30 per month for women and $40 per month for men for $10,000 in coverage. USAA also holds an A++ AM Best rating, the highest available, reflecting exceptional financial strength.

• AM Best rating: A++
• BBB rating: N/A
• Average NAIC complaint index: 0.12
• J.D. Power score: N/A
• WalletHub Customer Rating: 2.5
• Trustpilot: 1.2
• Consumer Affairs: 3

• Max coverage: $10 million (Term), $25,000 (Guaranteed Acceptance)
• No-exam policy available: Yes
• Terms available: 10, 20, 30
• Ages supported: 18 to 70 (Term), 18 to 85 (Whole), three months to 90 years (Universal)
• Riders and options: Term life event, children rider, military severe injury benefit, military future insurability, life event option, accelerated death benefit, waiver of premium
• Permanent policies: Whole, Guaranteed Acceptance Whole, Universal, Indexed Universal
• Waiting Period (Guaranteed Acceptance): Waiting period: Death benefits for natural causes are reduced during the first two years of the policy contract to 110% of all premiums paid. Non-automobile accidental deaths pay the full benefit amount. All benefits paid will be reduced by any outstanding loans.
• State availability: All states

Banner Life ranks as the best term life insurance provider for 50-year-olds. It offers term lengths from 10 to 40 years and no-exam policies up to $4 million, giving 50-year-olds more flexibility than most competitors.

A 50-year-old nonsmoker pays an average of $83 per month for women and $116 per month for men on a 20-year, $500,000 policy.

• AM Best rating: A+
• BBB rating: N/A
• Average NAIC complaint index: 0.16
• J.D. Power score: N/A
• Wallethub Customer Rating: N/A
• Trustpilot: 4.5
• Consumer Affairs: N/A

• Max coverage: $10 million
• No-exam policy available: Yes (up to $4 million)
• Terms available: 10, 15, 20, 25, 30, 35, 40
• Ages supported: 20 to 75
• Riders and options: Accelerated death benefit, waiver of premium, child rider, additional term, conversion
• Permanent policies: Universal Life
• State availability: 49 states (New York policies sold via William Penn)

Gerber is the top pick for whole life insurance among 50-year-olds, with a MoneyGeek Score of 4.5 out of 5. It offers whole life policies through age 80. The company has a NAIC complaint index of 0.53, lower than the industry average (1.0).

A 50-year-old nonsmoker pays an average of $708 per month for women and $790 per month for men for $500,000 in coverage. Gerber isn't available in New York, and coverage limits drop to $500,000 for applicants ages 56 to 80.

• AM Best rating: A+
• BBB rating: N/A
• Average NAIC complaint index: 0.53
• J.D. Power score: N/A
• WalletHub Customer Rating: N/A
• Trustpilot: 4.5
• Consumer Affairs: 1

• Max coverage: $2 million (Term), $1 million (Whole - up to 55 YO), $500,000 (Whole - 56-80 YO), $25,000 (Final Expense)
• No-exam policy available: Yes (up to $1 million)
• Terms available: 10, 20, 30
• Ages supported: 18 to 75 (Term), 18 to 80 (Whole), starts at 14 days old (Children's Whole), 50 to 80 (Final Expense)
• Riders and options: Guaranteed purchase option, payment protection option, accelerated death benefit, child insured, spousal insured
• Permanent policies: Whole, Final Expense (Guaranteed Life Insurance)
• State availability: 49 states (Not available in New York)

Protective offers the best permanent life insurance for 50-year-olds based on MoneyGeek's analysis of affordability, flexibility and long-term financial strength. It ranks first for both whole life and universal life options, with policies built for lifetime coverage and cash value growth.

Protective also tops our rankings for indexed universal life insurance. Average monthly costs are $505 for men ($6,055 annually) and $420 for women ($5,044 annually).

A medical exam is required to apply, and online quotes are only available for term life products. For 50-year-olds who want permanent coverage with flexible structures and cash value potential, Protective is the strongest option on our list.

• AM Best rating: A+
• BBB rating: N/A
• Average NAIC complaint index: 0.21
• J.D. Power score: 597 (20th)
• WalletHub Customer Rating: 1.6
• Trustpilot: 1.6
• Consumer Affairs: N/A

• Max coverage: $10 million (Term), $50 million (Universal)
• No-exam policy available: No
• Terms available: 10, 15, 20, 25, 30, 35, 40
• Ages supported: 18 to 75 (term); 18 to 85 (universal)
• Riders and options: Accidental death benefit, accelerated death benefit, waiver of premium, disability income, additional purchase option, term insurance, children's term
• Permanent policies: Whole, Universal, Variable Universal, Indexed Universal
• State availability: 49 states (Not available in New York)

State Farm leads our rankings for 50-year-old smokers, offering competitive rates for higher-risk applicants with term lengths up to 40 years. A 50-year-old smoker pays an average of $110 per month for women and $150 per month for men on a 20-year, $500,000 term policy.

It holds an A++ AM Best rating and a second-place J.D. Power score of 697, reflecting strong financial stability and customer satisfaction. Buying a State Farm policy typically requires working with an agent, as online buying options are limited.

• AM Best rating: A++
• BBB rating: N/A
• Average NAIC complaint index: 0.38
• J.D. Power score: 697 (2nd)
• Wallethub Customer Rating: 2.9
• Trustpilot: 2
• Consumer Affairs: 1.6

• Max coverage: $10 million
• No-exam policy available: Yes (Through Guaranteed Issue Final Expense and Guaranteed Issue Whole Life)
• Terms available: 10, 20, 30
• Ages supported: 18 to 75
• Riders and options: Children's term, select term, waiver of premium for disability, flexible care benefit, conversion
• Permanent policies: Whole, Limited Pay Whole, Single Premium Whole. Guaranteed Issue Final Expense, Guaranteed Issue Whole Life
• State availability: 50 states (Product availability depends on thestate)