If you are shopping for life insurance for seniors the very first thing to understand is that your best option is whole life insurance or final expenses insurance this is the only option left for life insurance at age 78 because term life insurance rates are not only expensive but will not last past age 80.
Term life insurance will not be with you for the long term at this age but your whole life will. We help seniors with burial insurance at age 70, age 75 and even age 80. This will give your family peace of mind knowing you have the best life insurance coverage at your age that will provide a quick death benefit to them so they can pay for any expenses when you die.
In this article, we will cover how to get qualified for coverage as well as provide sample pricing for life insurance for age 78.
We specialize in burial insurance for seniors which guarantees the best coverage at the lowest possible rates.
To see accurate pricing fill out the form to your right and speak with one of our agents.
How much Does Life Insurance cost at age 78?
Burial and life insurance rates are based on your age and health. So if you are in good health and your birth date is 02/02/1944 and you are a non-smoker male then your monthly premium on $10,000 of coverage with Mutual of Omaha would be $122.13 monthly. To look at a higher amount of coverage or more accurate pricing use our quote form to the right.
With products like Mutual of Omaha Living Promise, it provides day one immediate coverage which means if you die the day after your first premium payment your family will receive the compensation. We have also written extensively on companies like New York Life and their gimmicks.
Those mainstream companies have terrible products for seniors you can read more on that here.
Can a 78 year old Get Life Insurance?
Yes, you absolutely can and the best part is when working with us is no one can be denied regardless of health. We have something for everyone at this agency.
The way our process works is you fill out the form to the right of this page and you will see accurate life insurance premiums according to your age. After that, you will receive a call from one of our agents and they will assist you but looking at any health issues you may have. This is called field underwriting, if you are in good health and everything checks out they will recommend the perfect carrier for you and help you get instant approval right over the phone.
The Agent is your personal Agent
Our agents are your advocate to give the life insurance company their vote of confidence that you do not have any terminal illness or anything not disclosed on your application. The carrier looks at your medical information and prescriptions and compares it to your answers to the health questions. If everything checks out you are approved.
In addition to this there are no medical exams required which makes these policies quick and easy to qualify for.
Burial and Life Insurance Benefits
The benefits that all burial and whole life insurance policies should provide are as follows.
- Rate Lock – Premium is locked in and never increases
- Level Death Benefit – Death Benefit Never Decreases
- Tax-Free Death Benefit – Not Subject to Taxation
In addition to these benefits, you can add on specific riders to your policies for additional benefits you can learn more about those in our carrier reviews.
Best Burial and Life Insurance Companies for Seniors age 78
The best burial and life insurance companies for seniors age 78 are as follows:
- Mutual of Omaha
- American Amicable
- Prosperity Life
- Royal Neighbors of America
- Guarantee Trust Life
- American General AIG
- Great Western
Between all these companies is how we maintain a 90% approval rating for immediate day one coverage for our clients. These are the most elite and ideal companies for seniors.
Sample Burial and Life Insurance Quotes
In the rate chart below are average costs for Mutual of Omaha one of our best life insurance companies.
|Mutual of Omaha Age 70-79 Burial Insurance Quotes|
|Age||$10,000 Coverage Male Monthly Rate||$10,000 Coverage Female Monthly Rate||$15,000 Coverage Male Monthly Rate||$15,000 Coverage Female Monthly Rate|
If you need life insurance at age 78 get your burial policy now and lock in your rate so it will never increase. This will allow you to provide peace of mind to your family knowing your final expenses will be taken care of. With the liberal underwriting of these carriers and our expert-level training, you will have the best coverage in 30 minutes or less.
Work with ParamountQuote, once you work with us you will be a client for life.