Qualifying for a $50,000 Life Insurance Policy
For the most part, qualifications are based on your personal financial situation, and this primarily means your income.
If you are older, such as 70 and up, your general financial situation and health will have more gravity, since you are likely retired by this point. A $50000 life insurance policy may meet all of your needs.
Your health history also matters a lot when you are applying for a life insurance policy, and in many cases you may be required to have a medical exam done as part of your application.
With others, you will just need to fill out a very detailed questionnaire about your health, and depending on your history, you may be then required to get a medical exam done as a result.
Keep in mind that withholding information about your health can result in you getting a denial; so be sure to be as open as possible during the application process.