How To Get Life Insurance For Seniors Over 70

Shawn Plummer

CEO, The Annuity Expert

If you are a senior citizen over the age of 70, it cannot be easy to find life insurance. Most life insurance companies stop offering coverage to people over a certain age. However, there are still some options available to you. This guide will discuss how you can get life insurance as a senior citizen over 70. We will also provide tips on how to make the process easier for you. Let’s get started!

Can I Get Life Insurance If I’m Over 70?

Many people assume that life insurance is only for younger people. However, this is not the case. While it is true that life insurance premiums tend to increase with age, there are still many options available for people over the age of 70.

Some life insurance companies offer policies specifically designed for seniors. These policies often have lower coverage amounts and shorter terms than traditional policies, but they can still provide valuable protection for loved ones.

For example, a burial insurance policy could help to cover final expenses or provide income for a spouse in the event of the policyholder’s death. Life insurance can be an essential part of financial planning at any age.

How To Get Life Insurance For Seniors Over 70

Seniors over 70 often find it challenging to obtain life insurance, as many companies consider them too high-risk. However, there are a few ways to increase your chances of coverage approval.

First, try applying for a policy with a company that specializes in insuring seniors. These companies are more likely to have experience dealing with older applicants and may be more likely to approve your application.

Second, make sure to disclose all health conditions you have and any medications you are taking. Again, honesty is the best policy regarding life insurance, and failing to disclose important information could result in your claim being denied.

Finally, consider having a medical exam before you apply for coverage. Many life insurance companies will give seniors a higher rate if they can prove they are in good health.

By following these tips, you should be able to get the life insurance coverage you need, even if you’re over the age of 70.

Is There Life Insurance For Seniors Over 70, No Medical Exam Required?

Many seniors over 70 are wondering if they can still get life insurance coverage without a medical exam. The answer is yes. Several life insurance policies do not require a medical exam for seniors over 70.

However, it is essential to note that these policies will typically have higher premiums than a policy that does require a medical exam. This is because the insurance company is taking on more risk by insuring someone without knowing their health status.

Nevertheless, these policies can be a good option for seniors who are unable to or do not want to undergo a medical exam. In addition, many reputable insurers offer this type of coverage, so it should not be difficult to find a policy that meets your needs.

Skip The Exam, Get Coverage Instantly.

Apply for affordable insurance with no medical exams. Then, apply for same-day coverage in less than 10 minutes. A+ rated companies.

How Much Is Life Insurance For Over A 70-Year-Old?

For a 70-year-old, life insurance rates will vary depending on the amount of coverage and the type of policy. However, it is possible to get a policy with reasonable rates. Term life insurance is typically the most affordable option for seniors, and it can be purchased in increments of $50,000 or more. Whole life insurance policies tend to be more expensive but offer guaranteed death benefits and cash value accumulation. Seniors should work with an experienced life insurance agent to find the best policy for their needs and budget.

Buy Life Insurance At The Cheapest Cost.

Compare insurance quotes from 25 companies in seconds. Then, apply for coverage in less than 10 minutes.

What Is The Best Life Insurance For Seniors Over 70?

There is no one-size-fits-all answer to this question, as the best life insurance for seniors over 70 will vary depending on individual circumstances. However, there are a few factors to consider when choosing a life insurance policy for seniors.

  • First, it is essential to determine how much coverage is needed. This will depend on the senior’s age, health, and financial dependents.
  • Second, finding a policy with level premiums is crucial, as these will not increase with age.
  • Third, finding a policy that offers living benefits is essential, as this can provide financial assistance if the senior becomes sick or disabled.

Ultimately, the best life insurance for seniors over 70 will be the policy that best meets their individual needs.

Next Steps

Now that you know the basics of how to get life insurance for seniors over 70, it’s time to start shopping around for a policy. Many reputable insurers offer coverage for seniors, so be sure to compare rates and policies before making a decision. In addition, be sure to read the fine print of any policy you’re considering, as there are often exclusions and limitations that you should be aware of. You can find the best life insurance coverage for your needs by doing your research. Contact us today for a free quote – we would be happy to help!

How To Get Life Insurance For Seniors Over 70

Need Help Getting Life Insurance Coverage?

Contact us if you need help purchasing a life insurance policy. The service is free of charge.

Life Insurance Inquiry

Related Reading

Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

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

Scroll to Top