Life insurance for seniors
Life insurance for seniors is still offered by many companies into your 80s, though the choices narrow with age and health. That makes comparing several insurance companies matter more as you get older.
No cost to talk. No obligation.
Nothing to lose by starting
Pay nothing until you're approved. Change your mind during your free-look period (at least 10 days, longer in many states) and get every dollar back.
One no isn't the end
Turned down before? If one company says no, we check the others at no charge. Guaranteed-acceptance plans ask no health questions (benefits are limited the first 2 years).
Insurance companies decide approval and pay claims. Plans and free-look periods vary by company and state.
Who it is for
- Seniors who want final costs covered for their family
- Retirees whose old work coverage ended
- Couples who want to leave something behind for each other
How it works
- Tell a licensed agent your age, your health and your budget
- They compare what several insurance companies offer at your age
- Choose the option that fits and apply by phone
Questions
Am I too old to get life insurance?
Many companies offer coverage into your 80s, though the choices narrow with age. An agent can tell you what is open to you and your state.
What kind of policy do most seniors choose?
Many pick a smaller whole life policy for final costs. Some choose term life if they still have a mortgage or other debts.
Do I need a medical exam?
Many senior policies ask health questions instead of an exam, and approval can depend on your answers. Guaranteed-acceptance plans ask none, but they limit the benefit for the first 2 years.