Is There Life Insurance For Elderly People?

Yes, there is life insurance for elderly people. A number of No Exam, Final Expense life insurance policies can be purchased by persons up to age 80 or 85.

There is quite a bit of leniency on any health questions about applicants for these no exam life insurance policies, but it is possible to be declined by some that do not offer guaranteed acceptance.

The maximum face amount of life insurance coverage offered is usually $25,000 for this type of life insurance policy, although some come in higher face amounts of coverage available.

Persons up to age 90 may be able to apply for life insurance that requires a medical examination and health records. These are harder to get but for an elderly person with relatively good health, it is possible to get this type of life insurance policy. Here, the minimum face amount is usually over $25,000 and the only maximum limit is what the applicant is able to afford to pay for the policy.