Life Insurance For Seniors Over 65. In the 60 to 65 age bracket, you can still apply for a term life insurance policy with most insurance companies. The insurer can avail the insurance coverage through a multifaceted number of ways like the burial costs, or the mortgage protection or even leaving a legacy for his or her loved ones.
Many people age 65 and older think obtaining life insurance coverage is not possible or is too expensive. Some insurers won’t issue new life insurance policies for people over 70, and if they do, it will cost more than what younger individuals pay for similar coverage. We compared plans, pricing, and policy restrictions to select our list of the best life insurance options for seniors over 65.
For example, if you’re aged 65 you could purchase a life insurance policy with a maximum entry age of 65 or above and a policy expiry age of 99, and be guaranteed cover until the age of 99.
That’s because chances are there’s not what’s called “an insurable need” for a term life policy. We reviewed a group of providers that offer life insurance for seniors and evaluated their coverage, financial strength, customer service ratings and additional perks. Click here for your life insurance quote! Best life insurance for seniors over age 65.