Yes, there are life insurance plans available for senior citizens.
However, each life insurance company has their own set of underwriting guideline soft acceptance, so your approval may vary by carrier.
In addition, your age and health will impact your pricing and approval for senior's life insurance coverage.
Other personal risk factors that affect your rate for life insurance may include your lifestyle, height-to-weight ratio, health history, any medication you are taking, hobbies, driving record, if you smoke or not, etc.
As a senior you may find it easier to qualify for a term life insurance policy which is coverage for a specific number of years, usually 5, 10 or 15 years for seniors. While a permanent life insurance policy offering guaranteed lifetime coverage may cost more and be more difficult to get approval for, depending on your age and health.
Some of the leading providers of senior life insurance plans include Globe, Colonial Penn, Mutual of Omaha, and AARP/NewYork Life, among others.
Some life insurance companies offer no exam life insurance for seniors which means you won't have to take a health exam to qualify for purchasing your life insurance policy. Other plans which are fully underwritten may require you take a physical exam, but these plans may be more affordable.
Here's how to compare seniors life insurance plans and rates online among several leading life insurance carriers with no delays and no obligation.
However, each life insurance company has their own set of underwriting guideline soft acceptance, so your approval may vary by carrier.
In addition, your age and health will impact your pricing and approval for senior's life insurance coverage.
Other personal risk factors that affect your rate for life insurance may include your lifestyle, height-to-weight ratio, health history, any medication you are taking, hobbies, driving record, if you smoke or not, etc.
As a senior you may find it easier to qualify for a term life insurance policy which is coverage for a specific number of years, usually 5, 10 or 15 years for seniors. While a permanent life insurance policy offering guaranteed lifetime coverage may cost more and be more difficult to get approval for, depending on your age and health.
Some of the leading providers of senior life insurance plans include Globe, Colonial Penn, Mutual of Omaha, and AARP/NewYork Life, among others.
Some life insurance companies offer no exam life insurance for seniors which means you won't have to take a health exam to qualify for purchasing your life insurance policy. Other plans which are fully underwritten may require you take a physical exam, but these plans may be more affordable.
Here's how to compare seniors life insurance plans and rates online among several leading life insurance carriers with no delays and no obligation.
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