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how much is life insurance for a 75 year old? 

In fact, the insured will need a policy to cover to prevent your loved ones from inheriting your debts or paying for your final expenses.

Again, it’s never too late to get senior life insurance for elderly over 75. Of course those over the age of 75 may be hesitant because of the high rates. Don't worry, achieving affordable life insurance for seniors over 75 can be obtained.

Can I Buy Life Insurance At Age 75?

However, it’s still possible to find affordable coverage plans. As a matter of fact, there are many coverage options to get affordable life insurance quotes for seniors over 75.

Don't put it off as it only means paying a higher premium!! Once you are over age 60, monthly payments drastically increase every year if you don't have it locked in.

More importantly, answer the health questions honestly if its a term policy or final expense. Another alternative is life insurance for seniors over 75 no medical exam. 

Underwriting can be similar as senior citizen health insurance without medical test, where there will be questions and possible phone interview. In some cases, a medical check through the MIB.

Remember, when you purchase life insurance, it is not for you, it's for them!!

Call us today at 855-380-3300, for affordable life insurance for senior citizens age of 70-90!

Frequently Asked Questions

Or even Insurance over 75?  Yes you can still get coverage!!!

​​​​​For one thing, it’s never too late to protect your loved ones with term life insurance for seniors over 70 years of age. In particular, there are 4 different policy types that we recommend for people in their 70s:

1. 10-Year Term: Are you in good health and still active? You may qualify for medically underwritten life insurance — the most affordable term life insurance coverage for seniors over 75! This is a great option for an insurance plan if you have more than a burial to cover!

2. Guaranteed Issue: No matter how bad your health is, you’re guaranteed acceptance. It doesn’t require a medical exam or health questions. However, it can be costly, but you’re guaranteed to leave cash behind for your loved ones. This type of policy is usually for funeral expenses.  

3. Simplified Issue: There’s no medical exam with this type of policy, either. Just answer a questionnaire about your medical history in order to apply. It’s not guaranteed, but acceptance rates are higher than policies that require a medical exam. This is better known as final expense life insurance for seniors. It is still affordable life insurance for elderly over 75. 

4. Burial Policy And/Or Final Expense: These policies will cover your final expenses such as burial and small minor debts so your family wont have to. Face amounts for these polices usually range between $2,000-$50,000. Our go to carrier is Mutual of Omaha. They have a final expense policy called "Living Promise", which is the best product on the market for life insurance older adults. 

In that case, ask yourself this; Can your family afford to pay for a funeral or your final medical expenses? If not, life insurance can help. Call me for a free one-on-one consultation: 855-380-3300

My Goal Is To Provide Peace Of Mind! 

can i buy life insurance at age 75?

As far as guaranteed acceptance whole life insurance for over 75 years of age,  these life insurance plans are a bit more complicated.

For example, sometimes death benefit protection doesn’t kick in until a few years after you get your policy.  This can be a challenge for insurance over 75.

For high risk individuals diagnosed with a life-threatening illness or pre-existing conditions, this can be a big concern.

Nevertheless, if you are looking for life insurance for smokers, seniors in some cases will pay 4-5 times more in the rate.

HIgh Risk Lifestyle for over 75

Getting insurance when having a high risk lifestyle such as a history of DUI could affect the prices, especially for seniors over the age of 75.

Furthermore, when consumers reach the age of 75 and over, a permanent life insurance policy is crucial as they do not want to shop again in the coming years.

When acquiring life insurance for elderly over 75 it is important to realize that for every year you put it off, prices can go up 50% or more per year! 

LIFE INSURANCE FOR AGE 75 ~ WHAT TO EXPECT

You should know that the top insurance companies usually assume people will live until they are at least 90 years of age.

Affordable life insurance rates for seniors over 75 and older are traditionally term life plans between 10 and 15 years of coverage as long as there isn't any health issues.

Furthermore, having pre existing medical conditions will obviously affect the price and ultimately your coverage options. Especially for seniors over 75 insurance.

So do your due diligence to find out what companies offer that is best for you. 

Life Insurance rates for seniors can be affordable between 60-65 years of age.

Also, you need to determine between insurance for a burial or cremation. If your budgeting you need to make sure you understand the price difference of different coverage.

For burial, average price is between $8,000-$12,000, a cremation between $1,500-$5,000. Once you figure out the goals, when you actually buy coverage, that's the easy part.

Looking for life insurance for 75 year old woman? or life insurance for 75 year old man? Below are the rates for a healthy male/female ages 75-80.

These prices are from one carrier and is about 35% cheaper than the next monthly premium!! So if you are looking for term life insurance for seniors over 70 then this is a must!! 

In addition, this carrier also offers living benefits and possible premium rebates if they do well financially as they are a fraternal company.

Call Us To Find Out Who This A+ Carrier Is!!

Healthy male Rates For $100,000 10 Year Term Policy.

Healthy Female Rates For $100,000 10 year term policy. 

You’ve got enough money for retirement — you planned well and have plenty to enjoy the coming years. But what about the ones you leave behind? What about your peace of mind?

Here are 3 ways coverage gives them a bright future:

1. It Divides Your Estate Evenly.

If you’re having trouble dividing assets between the kids, proper coverage can help. It offers a lump sum equal to the value of a house, business, or other collection of assets, so both kids inherit the same amount.

2. It’s Not Subject to Probate.

You want your kids to inherit your home, assets, and any cash you left for them. But they won’t…at least not until your will clears probate. This can take six months or even longer. What if your kids really need that money? Life insurance benefits aren’t subject to probate and can be paid out immediately.

3. It Provides Cash to Pay Estate & Income Tax.

If you leave your children cash, they’ll have to pay income tax on it. If your estate is valued at more than the estate tax minimum, they’ll have to pay a 40% tax to inherit it. Death Benefit proceeds are 100% income-tax free.

Don’t be worried about the estate tax, we can use a trust to help your heirs avoid that, too. If you are considering over funding a policy then universal life policies may be your best bet. 

I have a client who was a widower in her late 70's, she also had a substantial net worth. In this case, guaranteed universal life insurance might be the best option.

It is priced better than whole life, and this age only a 10 yr term is available. Above all, the biggest plus with a GUL is that you can pick a age. For example, 90, 95,100,105,110 and 121. 

Here is an example of the price of a $100,000 GUL policy for a 78 year old female in good health.

Let me help make your loved ones financial future secure. Call me for a free one-on-one consultation: 855-380-3300

“We, Will, Find You The Best Term Life Insurance For Seniors over 75”

As far as funeral plans, the best thing to do is speak to a family member to go over what the funeral cover will be for. Whether it is a cremation or traditional burial, funeral insurance for seniors is very important.

Especially for life insurance for seniors over 75.

Top 10 Burial Carriers:

All these carriers offer senior life insurance plans and other types of life insurance products. It important to know that underwriting is similar to health insurance for seniors over 75. 

You need to use the common sense factor. As you get older, regardless of health, underwriters will tighten their leniency.

Mortality age is a very big part of this scenario. So stay healthy, keep up your doctor annual visits, and be active. If you rest, you RUST!!

For Affordable Term Life Insurance over 75 you’ll need to decide between whole life  and term insurance.

Whole life insurance is best suited for those that believe they will live for a lot longer. Term insurance is more appropriate for those looking for being covered for a short amount of time.

However, layering term policies can save you money, but must be before the age of 71.

After all, term life insurance for seniors over 75 may have premiums that are far less expensive than whole life. In any event, you always need to consider your budget before choosing coverage options.

For instance, there are many types of policies to pick from. All things considered, it’s still a good idea to compare quotes before  applying for a policy. In fact, this can help you find the cheapest possible policies.

Consequently, if money is an issue, or if your coverage has run out, you have the option of just getting final expense insurance.

However, the premium payment may be higher. Primarily, it covers explicitly any funeral costs so that your family won’t need to pay for it. In fact, a funeral policy for over 75 will be very closely priced for men than women versus a term at this age.

Above all, always check the rating of the company you’re looking at, A.M Best is the superior rating company and is the one we use for superior accuracy.

Keep in mind, a index universal life insurance policy is not suitable life insurance for people over 75 due to the lack of guarantees in some cases.

So you might think life insurance for seniors over 70 no medical exam does not exist! Just as long as you are not confined to a nursing home you can get a no medical exam policy with a few carriers. 

Ultimately, in regards to senior citizens life insurance, many older people would prefer not doing a medical exam to receive senior coverage.

Overall, maybe you don’t like needles, or perhaps you are in poor health or over 75. All in all, you can opt for a no medical exam for guaranteed coverage.  Consequently, the plans will be more expensive than a standard policy.

However, you can get insured much faster with a no medical exam policy. If you have a dangerous lifestyle, you made need to look at special risk coverage.

Furthermore, if you are in your late 50’s, you might want to look at the 20 year term life insurance policy as the most affordable term.

However, a 30 year term is not available for those seeking coverage over 60. 

For example, how much is life insurance for a 75 year old wanting a no exam policy. Below we will look at rates for both male and female. 

Above all, when you are shopping for term life insurance age 75 and over it's important to realize that some policies have more options built into the policy than say a cheaper alternative.

As you can see above, American-Amicable is better priced, however the Foresters policy is such a better product. Foresters offers over 70 life insurance no medical up to $150,000!

Foresters offers a Critical and Chronic illness rider to the policy. That gives the insured access to the death benefit without dying. It is better known as a Living Benefits rider.

At this age it may be something that is a necessity. Furthermore, here is the sweetener, it also comes with a family health benefit rider.

This helps with family health expenses that occur during natural disasters that include hurricanes, tornadoes and earthquakes. 

Furthermore, the period of time for life insurance quotes for seniors over 70 with a non medical can take between a few days to a couple of weeks to be approved. 

To clarify, if you have any severe health conditions, such as diabetes, getting coverage can be more difficult.

After all, aside from being quoted higher rates, you may just be declined coverage in general. In this case, you can always go with guaranteed whole life insurance. This way you will receive coverage, despite any medical issues.

However, the rates for guaranteed acceptance will be high in comparison. In some cases, a simple burial policy would be sufficient. Also, these policies are permanent. 

Consequently, studies have shown that treated high blood pressure may be linked to higher overall disability in people with multiple sclerosis (MS).

Although the rate at which disability progresses might be slower than in patients without hypertension, a retrospective study concludes.

Furthermore, some studies have previously suggested an adverse effect of high cholesterol levels on the development of brain lesions in patients with multiple sclerosis (MS).

Again, if you are healthy, for the most part the application process is very similar to the process of health insurance. Especially, a no medical exam. 

Seniors and those over 75 looking for coverage will have more of a challenge getting coverage. Especially with the following preexisting health impairments.

BEST LIFE INSURANCE Carriers FOR SENIORS OVER 75

In general, many of our senior clients ask,  What is the best life insurance over 75?  Therefore, not only will we discuss the top carriers with you, we will also discuss the best affordable life insurance for 75 and older!

Here at PinnacleQuote we specialize in seniors over 75 and providing the best options for an array of health impairments.

In general, we will ask a small list of health and lifestyle questions to determine the best fit. We are contracted with the best seniors carriers.

In fact, they all have different guidelines and will look at you differently. In other words, that means they will all give you a different price. Our job is we will isolate the best price with the right carrier. 

In some cases it's as easy as buying a health insurance policy as there will be a few questions, a prescription check and an MIB search. 

This takes as little as five minutes to accomplish. Extremely efficient process.

To Point out, PinnacleQuote is a licensed national independent life insurance agent in 49 states.  With 25 years experience in the Investment/Life insurance industries, PinnacleQuote will provide you the best service to protect your family.

BONUS: Here is an awesome resource for seniors, OurSeniorsGuide.com, they offer everything from in home care, nursing facilities, to entertainment and geriatric physicians.