Life Insurance for Elderly - Learn About Your Options

If you are elderly and looking for life insurance then you can feel secure knowing that there are still affordable options available to you. There are life insurance plans for the elderly that will cover you to age 95, as well as plans that cover you for the rest of your life. The type of life insurance you qualify for will depend on your age, your health, and your needs.

Burial Life Insurance for the Elderly

Burial insurance coverage is a permanent whole life insurance policy designed to cover funeral costs and other final expenses. These policies are simplified issue, so there is no medical exam necessary to qualify. You just have to answer some health questions on an application to determine your eligibility. Coverage is available for ages 50 to 85 and the death benefit ranges from $2,500 to $30,000. Your premium is level for life and your policy accumulates cash value over time. This is the most common type of elderly life insurance needed. Read more...

Guaranteed Issue Life Insurance for the Elderly

If you are like most elderly, you may have some health issues. Many elderly have high blood pressure, high cholesterol, or even a history of heart attack, stroke or cancer. Even with these conditions and other more serious health issues, you can still qualify for a guaranteed issue elderly life insurance policy. This type of coverage has graded benefits, which means that the death benefit will not be paid out in full if you die within the first 2 years. Read more...

Term Life Insurance for the Elderly

Term life insurance can also be used to cover burial expenses as well as mortgage debt and other obligations. There are term life insurance plans for elderly that will cover you to age 95. These plans have a fixed premium for the term that you choose and many times you are given the options to convert to a whole life insurance policy. Read more...

The first step is to shop around and compare rates. Give yourself peace of mind today and get a free quote for elderly life insurance and compare rates from companies who specialize in coverage for seniors and the elderly.