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.
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.
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.
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.
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 Quotes Sample
|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|
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 because 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.