Can a 65-Year-Old Get Whole Life Insurance?

Shawn Plummer

CEO, The Annuity Expert

Can a 65-Year-Old Get Whole Life Insurance?

Yes, a 65-year-old individual can obtain whole life insurance. There are different types of whole life insurance policies available for seniors, including fully underwritten, simplified issue, and guaranteed issue policies.

Types of Whole Life Insurance for 65-Year-Olds

  1. Fully Underwritten Whole Life Insurance:
    • Requires a medical exam.
    • Offers comprehensive coverage with potentially lower premiums for healthy individuals.
    • May provide higher coverage amounts.
  2. Simplified Issue Whole Life Insurance:
    • No medical exam is required, but health questions are asked.
    • Faster approval process.
    • Premiums might be higher due to increased risk for the insurer.
  3. Guaranteed Issue Whole Life Insurance:
    • No medical exam or health questions.
    • Guaranteed acceptance, usually for lower coverage amounts.
    • Higher premiums due to the lack of underwriting.
    • Often includes a graded death benefit, meaning full benefits may not be available until after a waiting period.

Choosing The Right Policy

  • Health Status: If you’re in good health, a fully underwritten policy may offer better rates.
  • Coverage Needs: Consider how much coverage you need based on your financial obligations and goals.
  • Budget: Premiums vary, so choose a policy that fits your budget.

Receive a personalized life insurance quote tailored to your unique needs.


Choosing the right whole life insurance policy at 65 depends on your health, coverage needs, and budget. Fully underwritten policies are ideal for those in good health seeking higher coverage at potentially lower rates. Simplified issue policies offer a balance between coverage and underwriting requirements, while guaranteed issue policies are best for those with significant health issues. Evaluate your options to find the best fit for your needs. Contact us today for a free quote.

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Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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