Today, there are several highly-rated insurance carriers that now offer life insurance for seniors, including high risk people with health issues.
Although many insurance companies do not insure people with pre-existing health conditions due to the high risk of someone being insured and then not having a long-life expectancy, there are plans called "Guaranteed Acceptance" life insurance that offer guaranteed approval for anyone who meets the age requirements.
Are You a Senior Looking to Get a Final Expense Insurance Quote?
If so, you’ve come to the right place.
Today, it’s quicker and easier than ever before for people over age 80 to get the life insurance needed to pay for their burial expenses.
And, you can get insured without answering any questions about your health.
Discover how affordable final expense life insurance can fit your personal budget.
The process is easy to request your free quote online today.
Many people ages 45 to 85 years old choose to purchase a guaranteed issue life insurance plan to cover the cost of their final expenses, including a burial and funeral.
It can help provide peace of mind for you and protect your family from the financial burden of having to pay for your funeral and burial upon your passing.
In fact, there is a guaranteed issue policy available for people ages 45 to 85 (50-75 in NY) that allows you to purchase from $2,000 up to $25,000 of life insurance protection with guaranteed approval.
It’s called Mutual of Omaha final expense life insurance and it’s easy to get. With Mutual of Omaha you just request a free quote and you can apply for your life insurance policy today.
If you are age 45 to 85 (50-75 in NY) you cannot be turned down for coverage. And, there’s no health exam and no health questions asked.
Even if you have a health condition or chronic health problem, you can get insured.
Mutual of Omaha Life is rated "A+" Superior by AM Best Company for financial strength, which means Mutual of Omaha is a financially secure life insurance company and considered Superior for its ability to meet its financial obligations and pay claims.
Your guaranteed issue life insurance policy comes with a 30-day money-back guarantee so you can get your money back if you are not satisfied with your insurance policy.
It’s important to mention that guaranteed life insurance has a graded death benefit the first 2 years you are insured.
A graded death benefit means you have limited insurance coverage for the first two years you are insured, then you have 100% (full) coverage after the first two years.
That’s how the insurance company is able to accept everyone for life insurance, even if you have pre-existing health problems.
Final Expense Insurance Explained
Final Expense Plans provide the security and protection you and your loved ones need, when they need it most. You can help protect your loved ones from the financial burden of paying for your final expenses.
Final Life Insurance (also known as funeral or burial insurance) is a type of life insurance policy providing $2,500-$25,000 of protection, a simple application form and hassle-free underwriting.
Your final expenses policy death benefit is paid to your beneficiary of choice tax-free. You can choose the amount of coverage that is right for you.
Final expenses insurance coverage can help you provide your loved ones with the money needed to help pay for your burial, funeral, headstone, memorial service, and any other final costs associated with your passing.
According to the 2021 funeral price survey by the National Funeral Directors Association, the average cost of an adult funeral is $7,848.00. This is based on the most commonly selected items for a traditional funeral including a casket and vault.
What is Guaranteed Issue Life Insurance?
It’s simple. It is a type of permanent life insurance coverage that guarantees your approval for coverage.
It just means you cannot be denied a guaranteed life policy if you meet the age requirements for approval. And, your insurance lasts your entire lifetime.
There's no health examination required, and you won't have to answer any questions about the status of your health, or your health history.
So, even if you have a pre-existing health issue, you can still get insured.
What are the Age Requirements for Approval?
It depends on the insurance company. Mutual of Omaha offers guaranteed approval for people ages 45 to 85 (50-75 in NY).
How Much Life Insurance Coverage Can I Buy?
With United of Omaha you may choose from $2,000 up to $25,000 of life insurance.
How Much Does It Cost to Get Insured?
The cost of life insurance for someone over 50 will depend on your gender and the amount of insurance you need. However, rates for guaranteed life insurance start as low as $8.84 per month. Request your free Final Expense Life Insurance Quote.
Can I Buy Final Expenses Insurance for My Spouse?
Yes. You may buy life insurance for yourself, you spouse, or both of you.
What If I Change My Mind?
With Mutual of Omaha there’s a 30-day money-back guarantee. So, if you decide you are not satisfied with your policy you can return it to the insurance company within 30 days of your purchase and receive a full refund of all premiums paid. There is absolutely no risk to you.
Can the Insurance Company Cancel My Coverage If My Health Changes?
No. The insurance company cannot cancel your life insurance if your health changes after you purchase your policy.
The only way they can cancel your insurance is if you stop paying your premiums, or you contact the insurer and request that they cancel your coverage.
Final Expense Life Insurance Quotes
Top Pick – Mutual of Omaha
Mutual of Omaha offers guaranteed acceptance whole life insurance for people age 45 to 85. Choose $2,000 up to $25,000 of coverage. Rates start as low as $8.84 per month. There’s no medical exam and no health questions. You cannot be turned down. You can get a quote and apply online now. START HERE to get a FREE Quote.
Highly Recommended – Gerber Life
Gerber Life offers guaranteed acceptance whole life insurance for people age 50 to 80. Choose $5,000 up to $25,000 of coverage. There’s no medical exam and no health questions. You cannot be turned down. START HERE to get a FREE Quote.
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Disclosure: Compensated Affiliate