Is it possible for someone over age 70 to qualify for a life insurance policy?
Yes, if you are over 70 you may still be able to qualify for and purchase life insurance coverage.
However, it depends on the insurance company you apply for coverage through. Some insurers may not offer life insurance to people over 70, or they may have very tough underwriting guidelines for acceptance.
If you are over 70 you may find it easier to qualify for term life insurance than whole life, sine term life is temporary and whole life provides lifetime coverage.
Some term life insurance plans may offer coverage for a period of up to 10 years.
In addition, some life insurance for people over 70 may be graded death benefit plans which means you have to be insured and live at least 2 years before full coverage is provided by the life insurance policy.
Some life insurers do accept people over age 70, such as, Colonial Penn, New York Life, and Globe Life.
For instance, Globe Life Insurance offers people age 78 and under up to $30,000 of simplified life insurance without any medical exam. Here's how you can learn more about Over 70 Life Insurance.
Yes, if you are over 70 you may still be able to qualify for and purchase life insurance coverage.
However, it depends on the insurance company you apply for coverage through. Some insurers may not offer life insurance to people over 70, or they may have very tough underwriting guidelines for acceptance.
If you are over 70 you may find it easier to qualify for term life insurance than whole life, sine term life is temporary and whole life provides lifetime coverage.
Some term life insurance plans may offer coverage for a period of up to 10 years.
In addition, some life insurance for people over 70 may be graded death benefit plans which means you have to be insured and live at least 2 years before full coverage is provided by the life insurance policy.
Some life insurers do accept people over age 70, such as, Colonial Penn, New York Life, and Globe Life.
For instance, Globe Life Insurance offers people age 78 and under up to $30,000 of simplified life insurance without any medical exam. Here's how you can learn more about Over 70 Life Insurance.
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