Thursday, January 29, 2015

Life Insurance for Age 80


Is it possible for someone age 80 to get life insurance coverage?

Yes, it is possible to get life insurance if you are 80 years old.

Although you could compare multiple life insurance quotes online from a network of insurers, you may find that your only option available is guaranteed issue life insurance, depending on your health.

Some insurance companies offer up to $20,000 of life insurance for people age 80 and under, with no health exam required, and no health questions asked.

However, these guaranteed issue plans do have a graded death benefit the first two years you are insured. This means, you won't have full coverage until after two years.

But, you cannot be turned down for life insurance with a guaranteed issue policy if you meet the age requirements. Some plans offer guaranteed approval for people ages 50 to 80.

Here's how you can get guaranteed acceptance life insurance for age 50 to 80.

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