Senior Life Insurance
Get up to $40,000 cash for your family with a senior life insurance policy.
Did you know that there are specific life insurance policies for seniors?
Individuals age 50-85 are eligible for policies that do not require any medical exams. There are dozens of insurance providers to shop and compare. And best of all, you cannot be turned down due to your health.
Life Insurance can ease the cost of your final expenses
Not being prepared for end-of-life costs can leave loved ones in a difficult financial situation. Personal debts, medical bills, and eventually, funeral cost all are expenses that need to be planned for.
Life insurance provides guaranteed funds immediately upon notification of death. Funds are paid directly to your beneficiary. And they can use the money however they choose.
Get your policy today and rest easy knowing the funds will be there when needed the most.
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No-Exam Life Insurance Policies for Seniors
- Ages 50 – 85
- Up to $40,000
- No medical exams
- Guaranteed acceptance
- Simplified applications – no agent coming to your house
- 30-day Free look period in most states
The Two Types of Life Insurance Policies for Seniors
Life insurance needs change as we age. In our young years, life insurance protects against the unexpected. After the age of 50, life insurance moves to protect against inevitable end-of-life expenses.
Permanent, whole life insurance never expires. It stays in force until you die. Life insurance funds help reduce or eliminate end-of-life costs.
There are two different types of life insurance policies for seniors to achieve this:
Final Expense Life Insurance– provides whole-life coverage up to $40,000 with no medical exam. Applications gather health information in the form of a health questionnaire. Healthy individuals will qualify for higher coverage amounts, lower rates, and more carriers options.
Guaranteed Acceptance Life Insurance – provides whole-life coverage with guaranteed acceptance. There are no medical exams or any health questions. And as long as you’re between age 50 and 85, your acceptance is guaranteed. Plans provide up to $30,000 in coverage.
Do All Seniors Need Life Insurance?
Plain and simple, yes, most seniors need life insurance.
The current economic state of America’s elderly population is not good. Roughly 25 million Americans age 65+ are financially insecure, living at or below the national poverty level of $28,000 per year. And tens of millions more living above this number have significant trouble paying their monthly expense. These numbers show that millions are Americans will likely leave behind financial costs for surviving loved ones.
Even worse, Chronic health issues affect 84% of seniors over age 65.
Individuals living in poor health have higher healthcare costs in the final years of life. As a result, they often drain their savings faster than expected.
It’s safe to say that unless you’re independently wealthy, you need life insurance protection.
The answer to this question depends on your unique life circumstances. Remember, life insurance aims to prevent financial hardship on your loved ones after you die.
Our agents will help you determine your life insurance needs and discuss your options from there.
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Are Senior Policies Affordable?
We get this question a lot. Keep in mind that life insurance is an investment, not an expense. You can think of a life insurance policy as a forced savings account for your beneficiaries. It ensures that money will be there when it’s needed the most.
Many factors contribute to the cost of your policies. Your age, gender, health status, policy size, and state of residence all contribute to the premium cost.
Our independent insurance agents will help you adjust your policy up or down to make sure your monthly premium comfortably fits your budget.
Rates Continue to Go Up Every Day
Keep in mind, life insurance rates increase with you as you age. And not just by year. Many insurance carriers adjust your rates by the month, which means every day you wait, the higher your premium.
Best Life Insurance Companies for Seniors
The senior life insurance market is fiercely competitive. As a result, consumers have many carrier options when shopping for a policy.
It’s helpful to know that there is no single best life insurance company for seniors. Insurance companies compete with each other by catering to different subgroups of the population. One carrier may be ideal for those in good health but might be a poor choice for those seeking life insurance with pre-existing medical conditions. The only way to find your best option is to shop and compare life insurance companies side by side.
Our independent agency is here to help you do just that.
We help you shop all the top-rated carriers offering senior life insurance policies. Here are the most popular carrier options in 2020:
How to Enroll
Enrolling in a senior life insurance policy is easy. Because there are no medical exams, the application process is quick and simple.
You can get started today by filling out the form on your screen. You’ll instantly see rates from all the top-rated carriers.
One of our friendly agents will reach out by phone to help you compare plans, answer any questions, and to facilitate the enrollment process.
With our streamlined application process, you can shop, compare, and enroll in your best policy in less than 30 minutes.
Our specialized agency has helped thousands of individuals protect their family and their finances with affordable senior life insurance policies. And we’d love to help you too!
Our services are free. And there’s never any obligation when speaking with an agent. Just helpful, friendly advice from a knowledgable expert with years of experience.
Explore your options today. Get started today with your personalized senior life insurance quote.
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