Sep 23, 2019

I'm over age 50. How are my life insurance needs different?

If you’re over age 50, you might want to consider life insurance specifically designed to help avoid someday burdening your loved ones with your eventual end-of-life expenses.

Many families underestimate the many out-of-pocket medical costs, funeral, burial or cremation, and other end-of-life-expenses. A funeral alone can cost around $6,000, and many run well over $10,000.1 Meanwhile, the current maximum Social Security benefit to help cover these expenses is only $255.2

AIChE 50+ Term Life Insurance provides your beneficiaries a cash benefit they can use to help pay those expenses. You choose the amount of the benefit, from $10,000 to $100,000.

This coverage is available at AIChE group rates to members age 50 to 74, and their lawful spouses (also between ages 50 and 74).

It takes only minutes to apply. In most cases, no medical exam is needed3, just the answers to a few health questions.

1 U.S. Federal Trade Commission, Funerals: A Consumer Guide,, retrieved 10/2013

2 U.S. Social Security Administration Website,, 05/2014

3 Issuance of a Certificate of Insurance or payment of benefits may depend upon the answers you provide and the truthfulness thereof. Pre-existing conditions limitations may apply.