Life Insurance for Seniors Over 75
Looking for life insurance for someone over 75? We can help! We offer plans from top 
rated companies who specialize in life insurance for seniors over 75. Best of all, our plans do not require an exam - which many seniors have told us they would rather not do. Best of all rates are very competitive! So why take the risk of an exam when you don't have to.
Term life insurance for seniors over 75
If you are over 75 but under age 86, you can still have access to moderately inexpensive term life insurance. Some plans offer an easy issue option, while others may require a more involved underwriting process. More involved usually means potentially better rates.
If you are able to qualify for term life insurance, with or without an exam or expended underwriting, your premiums should be the lowest. Keep in mind, though, that term life insurance also means temporary insurance. In other words, after the selected term period (usually 10, 15 or 20 years - availability varies by age) the plan either ends or rates go up very very high. If you select term life insurance, make sure that it really is what you need.
Whole life insurance and universal life insurance for individuals over age 75
If term life insurance is not what you want or you just cannot qualify for these kind of plans, then we suggest that you get a whole life or a universal life insurance plan. These two plans are very similar in terms of lifetime rate guarantees but that is where their similarity ends. To put it simply, and please feel free to ask us questions, universal life is very flexible but if you stop paying your premiums, you may loose all the coverage. On the other hand, whole life insurance may offer features where if you do stop paying your premiums all or some of the coverage will be guaranteed to remain in place for life.
Request a FREE Over 75 Life Insurance Quote
Which plan should you get? Well, that all depends on your needs and budget. Universal life will tend to price lower than whole life insurance and may offer higher cash values. Universal life will also give you a lot of flexibility with premium payments and face amount adjustments. If you need a large amount of coverage and a lot of flexibility, universal life will be best for you. Please note that most universal life plans do not offer the no exam option over the age of 75.
Whole life insurance for people over 75, is usually best for final expenses and small face amounts - in the range of $5,000 to $50,000. Many companies offer no exam whole life to age 85 and underwriting tends to be more flexible with more health issues considered acceptable. If you or your parent needs a good plan that will take care of final expenses and burial costs, then whole life insurance may be your best choice. The no exam whole plans tend to be easiest to apply and qualify for.
In conclusion...
As we mentioned, whether you need term life, universal life or whole life will depend upon your needs and goals. As we always do, we suggest that you ask a lot of questions and review your policy before you accept it. We offer all of our clients top rated insurance companies and a 30 day no obligation policy.
Also, you do not have to meet with an agent to get the plan you need. We have developed a simple method to get seniors over 75 and others to get the coverage they need without having to spend time with in house or office visits.
Request a FREE Over 75 Life Insurance Quote
