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.

Life Insurance with No Medical Exam for People over 65

Can people over 65 get life insurance without a medical exam?

Yes, there are no exam life insurance policies for people over 65 years old.

You may be able to choose from permanent life, term life or guaranteed issue life insurance without an exam if you are over sixty-five years old.

However, the cheapest life insurance policies will be term life, because they are temporary and build no cash value inside the policy; whereas, guaranteed-issue life insurance policies will cost the most because they guarantee your approval for coverage.

Here's how to get life insurance with no medical exam for people over 65 years old.