Life Insurance for Seniors with Health Issues

Can a senior citizen with health problems get life insurance?

It depends on your health issues, your age, and the insurance company you apply to for life insurance coverage.

There are life insurance companies offering fully underwritten life insurance plans requiring a medical exam for people who are seniors with health issues.

In addition, there are guaranteed issue life insurance policies available for seniors. These plans do not require any health exams or health questions. And, you cannot be turned down because of your health.

The one catch with guaranteed approval plans is that they have graded benefits the first two years you are insured. That means, you won't have full coverage until after being insured for two years. That's how they can accept everyone who applies.

Some of the leading providers of guaranteed issue no exam life insurance policies for seniors include United of Omaha, MetLife and Colonial Penn, among others.

Here's how you can buy life insurance for seniors with health problems