We know it can be difficult to find cheap no-exam life insurance for seniors over 75. But what about once you’ve reached retirement age? Do you still need a life insurance plan? Finding the right life insurance plan can be confusing as a senior.
- Are there affordable policies available?
- Is whole life insurance or term life insurance best?
- Are you going to need a no-medical exam whole life policy? Will you be healthy enough to get a fully underwritten life insurance policy?
- You can also still get term life insurance at age 75. Is that a smart move?
As a senior, you can expect to pay higher premiums. Life insurance rates are based on age and health. But just because you’re a senior doesn’t mean you can’t find some cheap options. You can choose from many quality life insurance plans. Life insurance for seniors over 75 with no medical exam is readily available from many carriers for healthy and non-healthy applicants.
You can start by using our life insurance quoter on the side of this page to see your rates.
American Amicable No Medical Exam Life Insurance
American Amicable is a leading provider of no medical exam life insurance policies for seniors. Their simplified issue term and whole life policies offer quick approval, and coverage amounts range from $25,000 to $250,000. Seniors can also take advantage of unique riders, such as the return of premium rider and the accelerated death benefit, which allows you to access part of your death benefit if diagnosed with a terminal illness. This flexibility makes American Amicable an excellent choice for seniors looking for easy and affordable coverage.
Get a quote now using our quoter to explore affordable plans from American Amicable and secure your financial future today.
Why Would I Need Life Insurance If I Am 75 or Older?
We know it can be difficult to find cheap no-exam life insurance for seniors over 75. But just because you’re a senior doesn’t mean you can’t find some cheap options. You can choose from many quality life insurance plans that provide peace of mind for you and your loved ones.
Mutual of Omaha No Medical Exam Life Insurance
Mutual of Omaha is a well-known insurer offering no medical exam life insurance for seniors. Their policies are specifically designed for seniors aged 45-85, with coverage amounts of up to $40,000, making it ideal for final expenses like funeral costs. Their guaranteed approval and affordable premiums make them a top choice for seniors seeking simple, hassle-free coverage. Mutual of Omaha also offers living benefit riders, such as an accelerated death benefit, allowing policyholders to receive a portion of their benefit if diagnosed with a terminal illness.
Get your personalized quote with our quoter to see how Mutual of Omaha’s plans can give you peace of mind.
Health Issues and Life Insurance for Seniors
Having medical issues as a senior is common, no doubt. However, the state of your health significantly determines your life insurance premium, so your decision then comes down to whether to go for a policy where an exam is required or a policy with no medical exam. For those not requiring medical exams, life insurance tends to cost much more. If you are having health issues that are concerning to you and prefer not to deal with a medical exam, your solution is no-exam life insurance for seniors.
Foresters Financial No Medical Exam Life Insurance
Foresters Financial offers no medical exam whole life insurance options tailored to seniors. With coverage amounts ranging from $5,000 to $35,000, Foresters’ policies are ideal for covering final expenses. Beyond just life insurance, Foresters provides additional member benefits, such as opportunities for scholarships and community involvement, making them a unique provider for seniors who want more than just coverage. Their policies come with guaranteed approval, providing protection and peace of mind.
Find out how much coverage you can get by using our quoter to compare affordable Foresters Financial plans today.
Best Companies for No Medical Exam Life Insurance
We have found that the following companies offer affordable no medical exam life insurance for seniors:
- American Amicable – Known for offering a wide variety of no medical exam life insurance policies, including simplified issue term and universal life insurance. They offer competitive pricing and multiple policy riders, such as the return of premium rider, accelerated death benefit, and children’s term rider, which can provide additional flexibility for seniors.
- Mutual of Omaha – Mutual of Omaha is a well-respected name in the life insurance industry, offering no medical exam policies for seniors with a focus on affordability. Their final expense insurance is particularly popular, offering whole life insurance up to $40,000 in coverage with guaranteed approval for seniors aged 45-85. Policies come with living benefit riders such as accelerated death benefits, allowing seniors to access part of their benefit early if diagnosed with a terminal illness.
- Foresters Financial – Foresters Financial offers no medical exam life insurance options, including their PlanRight Whole Life Insurance, designed for seniors. Coverage amounts range from $5,000 to $35,000, ideal for final expenses. Foresters’ policies also come with additional member benefits, such as the option to participate in community volunteer activities and scholarships for family members, making it a unique choice for seniors looking for more than just insurance coverage.
See For Yourself With Life Insurance Quotes For Seniors
Affordable coverage is obtainable with a no medical exam whole life insurance policy for seniors over 75. Should you need more substantial coverage, you’ll probably need a life insurance medical exam. However, there is another choice if you do not want to go through a medical exam, and that coverage is called guaranteed acceptance life insurance. This is a simple purchase complete with no questions, no waiting period, and no harassment. It costs significantly higher, but approval is guaranteed. Those seniors with chronic health conditions generally choose this option. These plans are usually only available for ages 50 to age 80.
Frequently Asked Questions
Do I need life insurance at 75?
Yes, and here’s why. The costs of both funeral and burial expenses are increasing at a rapid rate. Presently, it’s quite difficult to purchase a burial package for less than $10,000. No one wants to be a burden to their family after they have passed on.
Should seniors buy Term or Whole Life insurance?
The advantage of whole life insurance is that you will not need to renew it. Most insurance companies will not approve coverage for anyone over 80. If you decide on a 20-year term policy and you survive it, you’ll likely not be eligible to renew it.
Do I have to have a medical exam?
A medical exam is not required by every insurance company. In fact, there are many insurers that offer whole life and term insurance without requiring a medical exam.
Which are the best companies for no medical exam life insurance?
We have found that the following companies offer affordable no medical exam life insurance for seniors:
1. American Amicable
2. Mutual of Omaha
3. Foresters Financial.
4 Responses
I’m trying to help my parents find affordable life insurance to pay for final debts and burial cost . They are both in their late 70s. With so much information out there it’s quite confusing. Thank you in advance
Hi Cindy,
We can certainly help you find life insurance policies for your parents. You can call for life insurance quotes.
I'm do not have life insurance and I want my wife to be able to carry on when I pass on
Joseph – We can help. Just give us a call with your details or complete the quote request form on this page.