Help protect your family’s future. Enter your zip code to get your free quote today!

Get Your Free Quote

Life Insurance For 65 And Older

Are you a senior who's having trouble buying a life insurance policy? Finding an affordable life insurance policy when you're 65 or older may be more of a challenge depending on your circumstances. But that doesn't mean you don't have options. Learn about some types of life insurance that are available to seniors in the guide below.

65 life insurance

Life Insurance Policies Ideal for Seniors

Seniors have unique needs when it comes to life insurance, and may find it difficult to purchase certain types of policies due to their age, health condition and other factors. Below are some life insurance policies that are worth looking into if you are 65 years or older.

Term Life Insurance

If you're in good health, you may be able to qualify for a fully underwritten term policy.* While it varies by carrier, it's possible to get approved for a 10-year term, and maybe even a 15-year term between the ages of 60-65. It's always worth exploring a traditional term policy since you may be able to obtain a higher death benefit and more affordable premiums per dollar of coverage, compared to other types of life insurance listed below.

Simplified Issue Life Insurance

Many people don't like to deal with the medical exam that is part of the application for a fully underwritten life insurance policy. Insurance companies use the medical exam to evaluate your risk as an applicant by uncovering any major health issues. 

If you don't want to go through this process — and would prefer a faster turnaround time on your application — consider a simplified issue life insurance policy. These policies do not require a medical exam and the approval process is usually much faster than with a traditional policy. 

Keep in mind that your application will still include some health questions that could prevent you from being approved.**

Simplified issue life insurance policy eliminate the medical exam and only require you to answer a series of health questions. This can be an attractive alternative if you don't want to take a medical exam and are interested in getting approved faster but don't have major health concerns. 

Keep in mind that simplified issue plans usually don't offer death benefits as generous as those offered by a fully underwritten, traditional policy. Simplified issue plans are usually more expensive, too.

Guaranteed Issue Life Insurance

If you have major health issues and don't think you can qualify for a traditional or simplified issue policy, you can consider purchasing a guaranteed issue life insurance policy.*** Like a simplified issue policy, there's no medical exam. But a guaranteed issue policy omits health questions, too. Guaranteed issue policy death benefits are usually around $20,000 or less — and may be enough to cover final expenses.

Guaranteed issue policies are usually only available to applicants within a certain age range (50-85, for example). Premiums tend to be more expensive than those of simplified issue policies. And these plans may have a graded death benefit, meaning the full death benefit amount won't be paid out if the policyholder dies within the first year or two of the policy.

Over 65? Get Help from a Licensed Life Insurance Agent

Need help finding a life insurance policy?. Call a licensed insurance agent today at 800-966-7169.


This is an advertisement for life insurance. 
*Applications for term life insurance are subject to acceptance by insurer. Issuance of the policy may depend upon answers to health questions. Rates and coverage amounts depend upon the carrier selected and are subject to underwriting approval and are not guaranteed. You will receive only the benefit amount in the policy issued.
** Applications for simplified issue life insurance may be subject to acceptance by insurer. Issuance of the policy may depend upon answers to health questions set forth in the application. Rates and coverage amounts will depend upon the carrier selected.
***Guaranteed issue life insurance policies are available to individuals within a certain age range. You will receive only the benefit amount in the policy issued. Plans may have a graded death benefit for the first two years. In order for the policy to remain in effect, premiums must be paid as they become due.

Help protect your family’s future. Enter your zip code to get your free quote today!

Get Your Free Quote

Related Information

Can Older Adults Over 75 Get Life Insurance?

With older adults living longer than ever before, many people over 75 may be interested in buying life insurance. Find out what options are out there.

Read More

Who Has the Greatest Need for Life Insurance?

People with dependents have the greatest need for life insurance, but a life insurance policy can be a useful tool for anyone.

Read More

Who Should Get Life Insurance?

Thinking about getting a life insurance policy? Here's what you need to know about purchasing one.

Read More

Why Get Life Insurance?

Life insurance can help you protect your loved ones financially in the event of your death. Learn more about why it matters.

Read More

Your Life Insurance Options as a 55-Year-Old Male

There are several life insurance policy options that are available for 55-year-old males. Learn more and find the best plan for you.

Read More

How Will My Beneficiary Get My Life Insurance Payout?

The person or entity that you name as beneficiary on your life insurance policy contract will receive the death benefit proceeds when you die.

Read More

Do I Need Life Insurance If I Have No Dependents?

Just because you don't have dependents doesn't mean you don't need life insurance. Find out why purchasing such a policy is still a good idea.

Read More

Return of Premium Life Insurance

With return-of-premium life insurance, you'll get back all of the premiums you've paid if you outlive your policy. Here’s how.

Read More

The Benefits of Joint Life Insurance

Joint whole life insurance could be a great option if you are married. Learn how this type of plan benefit your family.

Read More