Insurance for People over 65

Is there life insurance available for people over 65?

Yes, a 65 year old may qualify to purchase term life, whole life, or guaranteed life insurance policies.

The cheapest type of life insurance plan for 65 year olds would be term life insurance, because term life offers temporary protection, usually up to 15 or 20 years for a sixty-five year old.

Whole life policies are more expensive because they provide lifetime protection, as long as you pay your premiums.

And, if you have a pre-existing health issue, or you've been turned down for life insurance, then you may want to consider buying a guaranteed issue life insurance plan, which guarantees your approval if you meet that age requirements; for example; ages 45 to 85.

Here's how to get insurance for people over 65 years of age.