Frequently Asked Questions - Elderly Life Insurance
What is the maximum age to attain life insurance for an elderly person?
The maximum age to attain life insurance for elderly is age 85. Your health history will determine which type of
benefits you qualify for. Your policy may be graded, which means the death
benefit is not fully payable until year 2 or 3, or simplified issue where you
are covered 100% from day one.
Which type of life insurance is best for the elderly?
If you are like most elderly people, you are looking for a policy to cover the costs of your burial and other
final expenses. A burial insurance policy is the best way to cover these costs.
Burial insurance is permanent whole life insurance, so your premium is level for life and your coverage cannot be
cancelled. Keep in mind that the proceeds from a burial policy can be used for more than just the costs of a
What if I have health problems? Can I still qualify for elderly life insurance?
Depending on what type of health problems you have, you may qualify for a standard issued policy or a policy
with graded benefits. A graded policy means that there is a 2 to 3 year waiting
period before the full death benefit can be paid out. When you compare rates, you will be able to learn more about
how your particular health issues affec the type of policy you can qualify for.
If I'm healthy and my health fails after I get a policy, can it be cancelled?
No. Once your policy is issued, your policy cannot be cancelled if your health deteriorates. Keep in mind that
non-payment of your premiums can result in a cancelled policy.
Will my premium increase as I get older?
Burial life insurance policies are permanent, so your premium will never increase and your coverage will never
Will my benefits end when I reach a certain age?
An elderly life insurance policy will last for your lifetime and cannot be cancelled because of age. As long as
you continue to pay your premiums, your coverage will stay in force.
If I have a life insurance policy already, can I get another one?
Yes. Many people have policies but wish to get a second life insurance policy that is only for burial costs and
other final expenses.
Can I buy life insurance for an elderly parent?
Yes. Most insurance companies will allow you to obtain a life insurance policy for your elderly parent. This is
because you have an insurable interest, which means you may suffer a financial burden as a result of their
Patricia Jordan is a licensed life insurance agent and managing editor of
the Life Insurance for the Elderly website. Patricia assists people in finding the
most affordable life insurance policy for their needs. Connect with Patricia on Google+ or get a free quote now.