Best Life Insurance for Seniors age 75 and Over
Are you wondering what is the best life insurance at age 75? It’s simple you want whole life insurance also known as burial insurance or final expense insurance. The reason for this is at your age you may have some health issues that just come with aging.
As a result, if you apply for something like term life insurance that requires a medical exam you will not pass and be able to get coverage. In addition to this term life insurance can only last another 10 years once you reach age 80 then expires when you are 90 years old which means if you outlive the policy your family is stuck with the funeral expenses.
Other ages eligible for coverage would be 80 and 60 we help seniors with moderate health conditions find immediate coverage for policy amounts of 25, 15, and 10 thousand dollar policies to make sure a funeral is fully covered.
Keep in mind that if you are looking for a sibling or parent you can get them coverage also.
This does not serve you or your family and does not provide peace of mind for anyone. That is why when shopping for life insurance it is important to defer to the experts like us. So the best life insurance you can get is whole life insurance because it is permanent coverage. We specialize in the senior market, we help provide burial insurance for seniors and we will help you too.
The whole point of this is to make sure your family is not stuck with a $10,000 bill or more trying to bury you and honor your final wishes.
In this article, we will cover everything you need to know when it comes to burial and life insurance age 75 so you can make an informed decision.
Burial Insurance is Final Expense Insurance which is Whole Life Insurance all these names have the same meaning always keep this in mind for your research on life insurance at age 75– Tim Connon
Table of contents
How to Know if You Need Life Insurance at Age 75
Finding out if you need life insurance at age 75 and over is simply asking yourself a few questions.
- Do you have a mortgage that is not paid off?
- Will you have money saved to cover your funeral expenses?
- Are you going to have credit card debt or medical debts left behind?
If you answered yes to those questions then you need a life insurance policy. Having a policy protects your family from these debts being passed on to them.
Qualifying for Burial and Life Insurance age 75
The companies we work with that issue whole life insurance coverage have simplified underwriting. This means they are easy to qualify for and do not require any medical exams. You simply answer the health questions on their application and if each answer to the questions is a “no” and your prescriptions look normal you can have coverage within 30 minutes or less.
Most consumers when purchasing life insurance if they go for universal life insurance which is aimed at younger consumers will have to do a medical exam because life insurance companies need to know that there is minimal risk for insuring that person. With burial insurance which is the best long-term coverage available, the companies understand seniors have more health conditions with age which is why it is easier to qualify.
This is why the companies we work with have such high life insurance ratings. They provide a quick death benefit payout within 24-48 hours to your family and they use the money to pay for the funeral. Making this the best kind of life insurance for over 75 years of age.
Eligibility Requirements Final Expense Insurance Age 75
Below is going to be a table outlining the eligibility requirements for burial life insurance.
|Age & Date of Birth||Your current age determines your eligibility with different policies. If you are older than age 85 for example a majority of life insurance companies will not offer you burial insurance.|
|Height & Weight||You current heigh and weight affect your eligibility with some life insurance companies because high risk health conditions are directly linked to obesity.|
|Resident State||Your resident state determines which plans are available to you. Some life insurance companies may not have their policies available in your state.|
|Current & Past Health History||Your health determines your eligibility for burial insurance. If you hav extreme current or a past history of health conditions such as cancer you are considered high risk and many life insurance companies may not accept you.|
|US Citizenship||You must be a US citizen or permanent resident to buy burial insurance in the United States. If you are a citizen of a different country you are not eligible.|
|Current Medications||Your current medications indicate to the life insurance company how your health is. This is how they can categorize you as a high risk applicant or not.|
|Criminal History||A criminal history indicates if you are a high risk. If you have an extensive criminal record life insurance companies will not accept you.|
Guaranteed Issue Life Insurance
Here’s the thing, even if you are extremely unhealthy no one can actually be denied with us regardless of health. If you have serious health conditions like dementia, HIV, or some other terminal illness we can still get you covered with a guaranteed issue policy.
Now Guaranteed issue policies will always have a 2-year waiting period but you cannot be denied and there are no health questions. Our carrier AIG actually has living benefits built into their policy so if you become terminally ill you can use the money in your AIG policy in addition to your health insurance to pay medical expenses.
AIG is very popular for this feature in their policies. In addition to this AIG will pay the full face amount of the policy to your beneficiary if you die from an accident regardless of the 2-year waiting period.
How Purchasing Coverage Works
First, fill out the form to your right and you will see accurate pricing on policies according to your age. After this one of our agents will give you a call and ask you a comprehensive series of health questions. Depending on your answers they will recommend the carrier that is best for you.
Once the carrier is selected you will apply with the agent via voice signature or email signature depending on which carrier you are getting. You will select your payment due date and receive instant approval right over the phone.
It’s that simple.
Premiums Never Increase & Coverage Never Decreases
Unlike term insurance, your premiums for your burial life insurance will not increase unexpectedly. Once you qualify for the coverage the premium rate locks in and never increases as you get older. In addition to this, your death benefit will never decrease as you get older, everything stays level. So there are no worries on the back end of your purchase.
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How Much Does Life Insurance cost for a 75 year old Man?
The cost of Life insurance for a 75 year old man born 2/2/1947 Non Tobacco is $99.97 a month. That is for Mutual of Omaha $10,000 amount of coverage and $101.41 a month with Aetna’s $10,000 amount of coverage final expense plan. These rates are based on that exact birthday and may vary.
Monthly premiums are based on age and health of the proposed insured. You can easily compare rates with our quoter.
Can I Get Life Insurance on my 75 year old Mother?
Yes, there just needs to be insurable interest for her and consent from her. The life insurance company to look at her medical history.
We go over the exact steps for getting life insurance for parents in that article.
Life Insurance for Seniors over 75 No Medical Exam
With simplified issue final expense insurance there is no medical exam required just a health history and prescription check. This means seniors are approved within minutes of applying for their policy with the life insurance company.
Best Burial and Life Insurance Companies age 75
Below is a list of the best burial insurance companies for seniors age 75. These are top A-rated companies nationwide that our agents will assist you in picking based on your health profile.
- Mutual of Omaha
- American Amicable
- Prosperity Life
- Royal Neighbors of America
- Guarantee Trust Life
- American General AIG
- Great Western
Burial and Life Insurance Age 75 Quotes Sample
You are going to see below a life insurance quote for age 75 pulled directly from our software. This will give you the best idea of how much final expense life insurance will cost for you at age 75. Funeral insurance is meant to handle any end-of-life expenses. These will come up when you die that your family would be responsible for. This could be unresolved medical bills credit card debt and burial expenses. This is why whole life final expense insurance is often called burial insurance or funeral insurance for consumers.
With permanent final expense life insurance at age 75, your family will have peace of mind. Knowing they will receive a check for a $15,000 death benefit or a $25,000 death benefit depending on which coverage amount you choose to take care of the funeral.
|Burial Insurance Quote Samples Rates for Ages 19 – 91|
|Age||$10,000 Male Non Smoker Sample Quotes||$10,000 Male Smoker Sample Quotes||$10,000 Female Non Smoker Sample Quotes||$10,000 Female Smoker Sample Quotes||Final Expense Companies Available per Age|
|75||$94.87||$123.65||$67.78||$88.66||Mutual of Omaha, Aetna, Gerber, AIG, American Amicable, Prosperity Life, Liberty Bankers Life, Sentinel Security Life,Guarantee Trust Life, Great Western Insurance Company|
can you get life insurance after age 75
Yes, the best life insurance for age 75 is whole life insurance or burial insurance.
can I buy life insurance at age 75?
Yes, just work with one of our agents and they will help you select the best policy for you.
If you are age 75 or over then the only type of life insurance you need is whole life insurance. It is permanent. There are no worries about when it will expire because it does not. The premiums will never increase and the coverage will never decrease. It is coverage that will always be there when your family needs it the most.
There are no gimmicks associated with it you simply keep paying your premiums until the day comes. When you die and the policy will pay out with a tax-free death benefit to your loved ones and they can use the money for anything whether it is burial, cremation, paying off debts, or just leaving a legacy gift for them to show them how much you cared.