Is there life insurance available for people over age 70?
Yes, some insurers offer life insurance coverage for people over 70 years old.
Whether or not you qualify for a plan may depend on your age, health, hobbies, lifestyle, driving record, height-to-weight ratio, if you smoke or not, and some other risk factors that may impact a seniors longevity.
Life insurance companies may offer permanent life insurance to seniors over 70, but these will be the most expensive plans available; however, they provide lifetime coverage as long as you pay your premiums.
Term life insurance may offer coverage for a period of 10 years or more, but the premiums may be much lower compared to permanent life insurance.
In addition, there are guaranteed acceptance life insurance plans that do not require a medical exam, maybe a few health questions for you to answer. These plans usually have graded death benefits, which means you won;t have full coverage until you are insured under the plan for at least 2 years.
Learn more about
life insurance for seniors over 70 and request your free life insurance quote online today.
