Click the button above to get an accurate, no hassle life insurance for seniors quote.

Here is small sample of carriers we'll shop with on your behalf:

AIG/American General, American National, Ameritas, Assurity, Banner Life, Columbus Life, Cincinnati Life, Foresters, Guardian Life, Illinois Mutual, John Hancock, Lincoln National, Mass Mutual, Minnesota Life, National Life, Nationwide, NY Life, North American Co. for Life & Health, Ohio National, Pacific Life, Penn Mutual, Principal Life, Protective Life, Prudential, SBLI of MA, Security Mutual Life, Sons of Norway, Symetra Life, Thrivent Financial, Transamerica, United of Omaha, Woman's Life.

Down below I'll provide details on best term life insurance, permanent life insurance, life insurance with living benefits, final expense life insurance and guaranteed issue life insurance...

Everything you'll need to know to find best life insurance for seniors!
life insurance for seniors

How to Get Affordable Life Insurance For Seniors

Several insurance companies offer more lax underwriting requirements for seniors, which makes getting life insurance as a senior much easier and more affordable.

This is basically what getting the best life insurance for seniors over 65 is about, especially if you need life insurance or final expense life insurance.

Some insurance companies even have 2 different sets of underwriting guidelines, one for people under the age of 61- 65 and a different set for people over the age of 65.

This is good news for seniors because it means that companies are starting to consider the natural changes in health for senior citizens.

More Liberal Underwriting for Seniors

I have even been able to find a few companies that can approve some late age onset type 2 diabetics with excellent control, for a “Preferred” rate.

I am even running across companies that allow you to have blood pressure readings as high as 150/90 or companies that don’t consider your family history issues and will enable you to get the best rates.

Since life insurance for diabetics and seniors in general can be such a competitive market, hopefully, these underwriting changes will become an industry standard and benefit all seniors.

Since life insurance for senior citizens has become a niche for a few life insurance companies, you should consider taking a look at the best rates available today, even if you already have life insurance.

Why Seniors Need Life Insurance

Income replacement is going to be the most important reason you would need life insurance as a senior.

If you were to pass away and your spouse is depending on you for financial support from retirement income, their life could change immediately.

No one wants to work during their retirement years, but if you pass away without protecting them, they just might have to do that.

Especially if you guys don’t have a substantial amount of money in savings, this could completely destroy any possibility of your spouse staying in retirement.

If your home isn’t paid off by then,  it could also have to be sold to keep it from going into foreclosure.

Do You Have Enough for Final Expenses & Lost Income?

It also prevents you from having to put away too much into savings if you purchase a policy that will cover you up to age 95, that is pretty much all the savings you would need if you were to pass away.

The expectation is for Seniors to be in a position where they don’t need life insurance, but this just isn’t a realistic expectation.

With people living longer and working longer, having the funds to outlive going broke is getting harder for everyone.

Covering all of your final expenses is also another reason seniors would need life insurance.

The worst thing that could happen is that you pass away and your family has to use GoFund me to bury you.

Funeral costs alone are around $10,000 just for burial on a national average, and the average family doesn’t have $3,000 in their savings account.

As a senior, life insurance is critical to have.

Types of Life Insurance Options For Seniors

Term Life Insurance

The best thing about term life insurance is going to be that it will always be the most affordable option.

However, it does have its limitations in regards to length of coverage, especially for seniors.

This is because term policies only last for a specific amount of time, from 5 years up to 40 years. 

At around the age of 50 years old, most term policies will no longer offer a 40 year term policy.

This means at most you will be able to get a 30 or 35 year term or have coverage up until you are 80 or 85.

If you live past 85, your only options would be to start paying the annually renewable term increasing premiums or get a new a new policy (if you're still insurable).

You get even fewer coverage options as you get older when it comes to a term life policy.

By the time you turn 65 you usually can only get a 20 or 25 year term policy so again, you won't be covered past the age of 85 or 90.

This is something as a senior you have to take into consideration.

Whole Life Insurance

Whole life insurance is going to last for your whole life as long as you pay the premiums.

This is a great benefit for seniors, but you will find that these policies usually are too expensive or outside what you planned to pay for life insurance.

These policies will build cash value and give you lasting protection, but you really don't catch a break with the pricing.

Final expense whole life insurance for amounts up to $25,000 is a very popular product for seniors.

Guaranteed Universal Whole Life (GUL)

We have a whole section below on why Guaranteed Universal Life Insurance is usually the best option for seniors. 

Even though it is sometimes more expensive than a term policy, it is much more affordable than a whole life policy.

It also gives you the option to have coverage up to age 90, 95, 100 or 121.

Think of it as the Baby of Whole Life & Term Life, it has all of their great features and almost none of their bad character traits.

Life Insurance with living benefits

The "latest and greatest" term or permanent life insurance products include chronic and critical illness living benefits built into the policy. 

So if you suffer a chronic illness and need ongoing care in a long term care facility or home health care...

Or if you suffer a critical illness like a heart attack, stroke, cancer, you can take a portion of your life insurance amount while you’re still living.

Many seniors, who have a concern about paying for long term care or home health care someday, are buying these policies with chronic illness living benefits with the dual intent of providing money to their beneficiaries at death and/or to help pay for long term care or home health care while still living.

Is AARP Term Life Insurance A Good Deal?

The honest answer, in my professional opinion is no, AARP Term Life insurance is not a good deal.

All of the AARP term rates are overpriced compared to other term life insurance policies available to seniors.

AARP’s lowest price life insurance plan is a five year increasing premium term plan.

This means that the rate that you currently pay will increase at five year intervals and will terminate at age 80.

Below are AARP’s monthly rates for a 5 year term policy for men ages 50 to 74:

Issue Age

$50,000 Coverage

50 - 54


55 - 59


60 - 64


65 - 69


70 - 74


If you are age 54 when you purchase the plan above, you’ll pay $51.04 per month this year.

Next year your rate will increase to $74.58 per month, this means in one year your rates would increase by over $20.00 per month.

The same thing will happen when you turn 60, the rate you pay will then increase to $108.25 per month.

At age 65, your rate will increase to $143.96 per month, and at age 70 it will increase to $207.25 per month.  

They won't even show you the rates from ages 75 to 80, as I guess they don't want to scare people away!

Many will lapse AARP coverage after age 65, 70 or 75 

As long as you are an AARP member, you only need to answer some medical questions to be able to qualify for the above rates.

If your health is not good, then there is a good chance that you won’t qualify for the AARP plan.

This makes me wonder if AARP, or New York Life who is the backing insurer, even cares about how bad their term life insurance program is. 

And guess what: 

According to Wikipedia, AARP “was paid $652,000,000 in royalties from insurance companies that sold products referred by AARP.” 

That’s a LOT of money, and they certainly are not helping seniors save money on their term life insurance!

I would avoid an AARP term product like the plague and focus only on guaranteed level products.

Why GUL Is Better Than Term Life For Seniors 

Guaranteed Universal Life goes by a few different names such as:

  • GUL
  • No Lapse Universal Life
  • Term Insurance For Life

GUL is the most cost effective, permanent life insurance that has a guaranteed level rate up to your entire lifetime, regardless of interest rates that are credited to your policy.  

You can also choose the guaranteed level premium you’d like on GUL products with the longest guarantee being your total lifetime.

This is the only life insurance product for which you can choose any guarantee you’d like.

Pacific Life just came out with a new GUL that so far seems to be really competitive with guarantee to age 90, age 95, age 100 or life...

They are probably the most competitive GUL company when competing against a term policy right now. 

This is great because there isn't a term policy that can guarantee your rates past age 90.

Choose Whatever "Term" You Want

As I mentioned above, the nice thing about GUL rates is many companies will allow you to choose your guaranteed level premium period.

If you’re 65 now and are comfortable having a guaranteed level rate to age 85, 88, or 90, or 121 you can lock into one of these guaranteed periods.

On the other hand, if you feel better locking into a guaranteed level rate to age 95 or 100, you can do that too.

Of course, the longer the guarantee, the more expensive the insurance will be. 

For many seniors, the guaranteed universal life rates to age 85, 90, or longer could be less expensive than a term insurance policy for the same time frame.

Simply Pay More To Extend Duration...No New Underwriting

Plus, you can pay more into almost every GUL policy to extend the duration of coverage later.

This is an excellent option if you get concerned that you may outlive your policy later or decide to “sell” your policy via a life settlement.

To get an offer to “sell” your policy via a life settlement, your policy must be able to accommodate a level premium to your age 100. UL, GUL, and term plans that are still convertible are perfect for life settlements.

Another reason GUL products are great is that some insurance companies are more liberal in underwriting a GUL case vs underwriting term life insurance.

While some people with health issues might get charged an extra premium on term life, they may be able to qualify for a “Regular” or better rate with no extra premium on a guaranteed universal life product.     

Much More Flexibility Than Term Insurance

GUL products provide more flexibility than most traditional term life insurance policies, especially for people age 60 and older who want a 20 year or longer guaranteed level rate.

Since GUL rates are a bit more expensive than term insurance for younger people, many younger people will be better off buying term insurance that is convertible.

To get GUL or UL quotes with shorter duration guarantees so the cost is similar to term life insurance, simply click the link below and choose "universal life" for type of coverage.  We'll find you the best rate and value!

Final Expense Life Insurance For Seniors

Final expense insurance, often called Burial Insurance, is a type of whole life insurance policy that is marketed towards the senior market.

These are small policies that offer benefit amounts that range from $2,000 up to $25,000 and are purchased to cover the funeral expense cost and other small final expenses when you pass away.

There's usually no medical exam required and these policies are extremely liberal when it comes to underwriting requirements and height and weight guidelines.

If you can’t get approved for traditional life insurance this type of policy is usually your next best option.

No Exam and No Medical Records

You will also find that most of these final expense companies won’t order your medical records either.  

Beware, though, when applying for any no exam coverage, as the best final expense companies that don’t require an exam will do a pharmacy records database search.  

In addition to pharmacy records, they will also check the MIB, insurance activity index, motor vehicle reporting and consumer reporting.

Pretty soon insurance companies may check your social media profiles to gather information in determining your eligibility for life insurance. 

If you were prescribed any of the Alzheimer’s or dementia drugs like:

  • Aricept
  • Cognex
  • Donepezil HCL
  • Exelon
  • Galantamine
  • Memantine
  • Mestinon
  • Namenda
  • Razadyne
  • Reminyl
  • Rivastigmine Tartrate

It’s going to create a RED FLAG because these are drugs which will result in an automatic decline with all of the best no exam insurance companies.  

If you are declined for life insurance or you feel you’ve exhausted all of your options, there is always guaranteed issue life insurance available to you. 

I know how frustrating it can be to be declined for life insurance, as there are very few companies that would insure me.

I understand your pain and will do my very best to get you covered at the best rate possible.

Final Expense Whole Life Quotes

Below are the best $20,000 final expense whole life insurance quotes available in the United States right now from quality insurance companies. These are monthly rates:


Best Carrier

Cincinnati Life

Sons of Norway

Mutual of Omaha

Age 60





Age 70





Age 80





Age 85






Best Carrier

Cincinnati Life

Sons of Norway

Mutual of Omaha

Age 60





Age 70





Age 80





Age 85





The above were the lowest final expense rates out of 1oo's of quality insurance companies in our database.  We've also included Mutual of Omaha as they are one of the most popular final expense carriers.

The "Best Carrier" rates above are from 2 different is a 131 Fraternal organization with some of the lowest/best whole life rates in the country and the 2nd carrier is a 45 year old carrier with super competitive rates over age 80.

The best rates above are better than any other final expense companies rates, including rates from AIG, American Amicable, Americo, American National, Assurity Life, Foresters Financial, Gerber Life, Liberty Bankers Life, Prosperity Life, Royal Neighbors of America and Transamerica.

Just click on one of the accurate quote buttons above or below and request quote for $25,000 or less and we'll email you a quote.

Life Insurance Quotes For People Over 50

Directly below are the best $100,000 - 10, 15, 20, 25, 30, 35 and 40 year guaranteed level monthly rates available to men in average/Regular health (not good, but not bad) from ages 50 to 75:

Rates For Men


10 Year

15 Year

20 Year

25 Year

30 Year

35 Year

40 Year

















































All of the rates above are guaranteed to remain level for the time frame shown and would cost less if your health is good.

If you are age 50 and you purchase the 25 year rate above of $50.00 per month, this rate is guaranteed to remain level until you turn age 75.

Directly below are the best $100,000 guaranteed level monthly rates available to women in average/Regular health from ages 50 to 75:

Rates For Women


10 Year

15 Year

20 Year

25 Year

30 Year

35 Year

40 Year

















































All of the rates above are guaranteed to remain level for the time frame shown and would cost less if your health is good.

Completing Your Medical Exam As A Senior

Life Insurance for seniors can be affordable, but if you’re 70 or older, many insurance companies with absolute best rates available to you may require that you complete a free life insurance exam with cognitive function testing as part of the medical exam for amounts over $50,000 to $100,000.

Even if your health is very good, failing the cognitive function test as defined by the insurance company will ALWAYS result in a decline for life insurance for seniors over 70.

Cognitive Function can be defined as an intellectual process by which one becomes aware of, perceives, or comprehends ideas.

It involves all aspects of perception, thinking, reasoning, and remembering.

In addition to your overall health, the best insurance companies for seniors are concerned with cognitive function because there is a direct link between mild cognitive impairment and early death.  

There is also evidence that moderate to severe cognitive impairment can greatly reduce your life expectancy.

The testing that is done can be:

Delayed Word Recall

for which you’ll be told some words and then asked to repeat as many of those words as possible after a period of time.

Landmark Drawing Copy Test

for which you’d be shown a picture and asked to copy the picture (usually a picture of a clock with a specific time).  

Get Up And Go Mobility Testing

for which an examiner would observe you getting up out of a chair and walking across a room.  

If you have any cognitive type of issues, and are unable to pass the above tests, then you will definitely want to avoid a company that requires it.

I suspect more life insurance companies will be adding cognitive function testing as part of their application process in the future.

  • American National Life requires cognitive testing for ages 71+ but only for face amounts of $500,001 and higher.
  • Cincinnati Life requires cognitive testing for ages 70+ but only for face amounts of $500,001 and higher.
  • United of Omaha requires cognitive testing for ages 66+ but only for face amounts of $500,000 and higher.
  • Nationwide requires cognitive testing for ages 71+ but only for face amounts of $500,000 and higher…but with the CareMatters product cognitive questions start at age 55.
  • Banner Life/William Penn requires a daily activities questionnaire to be completed for ages 70+ for all face amounts…to me, this is much better than cognitive testing
  • Columbus Life does not require any special senior testing on term life insurance, but requires a senior questionnaire to be completed for ages 80+ for all face amounts on permanent life insurance.
  • Thrivent Financial- does not require cognitive testing under age 76 and at amounts up to $250k  

As of today the following insurance companies do NOT require cognitive function testing:  

  • Assurity Life
  • Illinois Mutual
  • Ohio National  

Even if you pass a cognitive function test, all of the competitive life insurance companies for seniors with absolute best rates will request medical records for everyone over age 70.

If your doctor indicates you have memory issues, concerns about cognitive decline, or indicates even possible mild dementia or Alzheimer’s in your records, this will also almost always result in a decline.  

If you are between the ages of 50 to 69, you probably won’t need to complete the cognitive function test.

We'll Provide Best Tips for Free Exam

One of the benefits with working with me is that I send my own tips in regards to completing your exam.

I have found that examiners only do what the insurance companies tell them to do and don’t believe the info the examiners give is in the insured’s best interest.  

For example:

I tell everyone to fast for at least 8 to 10 hours, but examiners say 4 hours is fine because they don't care about your actual results. 

We'll help you through the entire process. 

Affordable Life Insurance For Seniors

Wouldn’t you be angry if you do all of the things you’re supposed to, like eating right, exercising, and not smoking?

However, you still don’t get the best life insurance rate because you haven’t had a medical checkup with your own doctor within the past couple of years.

Many life insurance companies will preclude people age 60 and older from their better rate classifications, which I find odd.

And some companies will even decline you if you haven't had a checkup within past 2 to 3 years.  

They Want To See That You're Getting Age Appropriate Checkups

This can even be an issue for no exam required insurance or even if you do have a free insurance exam and the insurance exam results are perfect.

We know that life insurance underwriting is not always a fair process, so we developed a strategy that will get anyone the best offer possible.

Not seeing a doctor because you feel great, or don’t have health insurance aren’t acceptable reasons for the life insurance companies.

According to the underwriters, insurance exams don’t always show everything, and exams can't always be relied upon for them to make an accurate offer.  

MANY life insurance companies want to make sure you’re getting regular medical check-ups.

The older you get, the more important this is to the life insurance companies.

Case Study - 66 Year Old Male

A 66 year old client of mine had a term insurance policy that just came up for renewal.

He was not going to continue it because he no longer needed $550,000 of life insurance.

He still wanted to keep some life insurance in force for his wife and/or his children for the rest of his life.

He answered a lot of questions for me so that I could determine the best rates and insurance companies for him and his health was good.

He also told me he did have a personal physician, but I didn’t question him about when he last saw his physician.

Converting his existing term policy was going to cost more than he wanted to pay, so he decided to re-apply for coverage to get the best possible offer.

He wanted permanent life insurance but was comfortable with a guaranteed universal life insurance policy to age 95. 

I looked at rates from all of the “players” at his age and health status including:

  • Protective Life
  • Principal Life
  • North American Company
  • Transamerica
  • Penn Mutual
  • Columbus Life
  • Pacific Life
  • American General
  • Banner Life
  • Lincoln Financial 
  • Prudential
  • Mass Mutual
  • Symetra Life
  • Thrivent Financial

Because I know anything can turn up in underwriting, I had him apply to both Columbus Life and Symetra Life.

I wanted to see which would make him the best offer, as they should have the best price for my client based on his age and other information.

Relying on any one insurance company to make the best offer is becoming harder since most insurance companies have up to 12 or more different rate classifications and many seniors have at least some preexisting conditions. 

It turns out my client had not seen his doctor in over two years, and this placed my client in a Standard or Regular rate class with Columbus Life.

All of the Columbus Life underwriters are great, and they go out of their way to make any exceptions possible on my cases.

My underwriter stated that they can't offer their preferred plus or preferred rates to anyone over age 60 that don't see their doctor annually. 

I told my client that Columbus Life would only offer their Standard rate, which was $804 more per year than what I originally quoted.  

He was not happy and told me he could schedule a doctor’s appointment right away if it would get Columbus Life to change their offer.

A Better Rate is Always Possible

I told him to hold off on that appointment until we get Symetra’s offer.

The reason I told him to hold off on an exam with his own doctor is that you can risk getting declined if something comes up during a medical exam.

Insurance companies always reserve the right to review any new medical records from doctor’s visits that occurred during the underwriting process.

Anything could turn up on a medical checkup, which could cause an insurance company to make a higher offer or to decline the case altogether.

I always try to have my clients avoid seeing any doctors while underwriting is going on (unless it’s an emergency).

Symetra ended up approving my client for their “Super Preferred” or best rate classification that included chronic illness living benefits, which could help to pay for long term care if it's ever needed someday.

This was an even better offer than I was expecting due to my clients family history.  

My client bought a guaranteed level rate policy to age 100 instead of only to 95, and that was still $1,008 per year less than Columbus Life’s offer to age 95.

That’s a savings of over $20,000 if my client lives another 20 years or over $30,000 if he lives another 30 years; Huge savings!

Guaranteed Issue Life Insurance

If you've actually applied and did not qualify for life insurance, first thing to do is to click link above and answer the questionnaire and we will verify if ANY carriers may make you an offer.

If we determine that no decent carriers will make you an offer, then guaranteed issue whole life insurance (GIWL) is still an option.  

ALL Guaranteed issue policies have at least a 2 or sometimes 3 year waiting period for death by any disease or illness.  This means your beneficiary would only get back all premiums paid plus interest if you die in the first 2 or 3 policy years by disease or illness.     

We've compared the best GIWL rates from AAA, AIG, Gerber, Great Western, United Home Life and Mutual of Omaha...

Mutual of Omaha usually offers best rates for those under age 75 and AAA Life insurance company usually offers better for those over age 75.  

Take Action to Get the Best Rate

It is important to remember that you aren't alone through this process.

There are several options available when it comes to life insurance for seniors

Compare quotes and apply if the rates fit your budget.

All you need to do is click the above button for an accurate quote, and we can get the process started to get you covered for the best rates possible. 

The worst thing to do is wait any longer for coverage, the longer you wait, the higher the probability you will not be able to get covered.

It doesn't cost you anything to apply for insurance coverage or to get an approval, but it could cost your loved ones if you don't have coverage.

Take action today and call or text us 800-380-3533, click here to email us or simply click on one of the accurate quote buttons above and complete the brief questionnaire and we'll email you a quote!

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