Life Insurance for People Over 60: Affordable Coverage That Still Makes Sense

If you’re over 60, you might be wondering whether life insurance is still worth it—or even available.

The good news is Yes, life insurance for people over 60 is not only possible, it’s more flexible and affordable than many expect.

Whether you want to cover final expenses, protect a spouse, leave a legacy, or avoid burdening your family, there are smart life insurance options designed specifically for your age and goals.

👉 See what you qualify for today. Request a free life insurance quote in minutes—no obligation.

Can You Get Life Insurance After 60?

Absolutely. Many insurance companies offer coverage well into your 70s and even 80s. In fact, more people are buying life insurance after 60 than ever before due to:

• Longer life expectancy
• Better underwriting options
• Simplified and no-exam policies
• Competitive pricing for seniors

The key is choosing the right type of policy for your situation.

Best Types of Life Insurance for People Over 60

1. Term Life Insurance (Ages 60–70+)

Term life insurance provides coverage for a set period—often 10, 15, or 20 years—and is ideal if you:

• Want to protect a spouse’s income
• Have remaining mortgage or debts
• Need coverage during retirement years

Many healthy adults in their early 60s are surprised by how affordable term life can be.

👉 Check today’s term life rates for your age—get a free quote now.

2. Whole Life Insurance for Seniors

Whole life insurance offers:

• Lifetime coverage
• Fixed monthly premiums
• A guaranteed death benefit
• Small cash value growth

This option is popular for people over 60 who want permanent coverage and predictable costs.

3. Guaranteed Issue Life Insurance (No Health Questions)

If you have serious health concerns, guaranteed issue life insurance may be an option. These policies:

• Require no medical exam
• Ask no health questions
• Offer guaranteed approval
• Typically provide smaller coverage amounts
• They’re often used to cover funeral and final expenses.

👉 Even with health issues, you may still qualify.

Request a free guaranteed issue senior life insurance quote today.

How Much Does Life Insurance Cost After 60?

While premiums are higher than at younger ages, life insurance for people over 60 can still be surprisingly affordable—especially if you’re in reasonably good health.

Rates depend on:

• Age and gender
• Health and medications
• Type of policy
• Coverage amount
• Length of coverage

💡 Even small policies can make a big difference for loved ones.

Why People Over 60 Buy Life Insurance

People choose life insurance later in life for many important reasons:

• Cover funeral and burial expenses
• Protect a surviving spouse
• Pay off medical bills or remaining debts
• Leave money to children or grandchildren
• Create a tax-free legacy
• Support a favorite charity

Life insurance at this stage isn’t about replacing income—it’s about peace of mind.

Is Life Insurance Worth It After 60?

For many people, yes.

If you want to:

• Avoid leaving financial stress to your family
• Lock in predictable costs
• Control how expenses are handled
• Leave something meaningful behind

Then life insurance can be one of the simplest and most effective tools available.

👉 See what options fit your needs and budget.

Get your free life insurance quote now.

How to Qualify for the Best Rates After 60

To improve your chances of better pricing:

• Apply sooner rather than later
• Be honest on your application
• Compare multiple insurers
• Work with carriers experienced in senior coverage

Even minor differences between companies can mean hundreds or thousands in savings over time.

Frequently Asked Questions

1. What is the best life insurance for people over 60?

It depends on your goals. Term life works well for temporary needs, while whole or guaranteed issue policies are better for lifetime coverage.

2. Can I get life insurance at 65 or older?

Yes. Many insurers offer policies at 65, 70, and beyond, depending on the type of coverage.

3. Do I need a medical exam?

Not always. Many policies for people over 60 offer no-exam or simplified underwriting options.

Final Thoughts: It’s Not Too Late to Protect What Matters

Life insurance for people over 60 is about control, dignity, and protecting the people you love—not fear or pressure.

With the right policy, you can secure coverage that fits your goals, your health, and your budget.

👉 Don’t guess—know your options.

👉 Request your free life insurance quote today and take the next step with confidence.

Compare Life Insurance Quotes

Top Pick – JRC Insurance Group

JRC Insurance Group helps you shop, compare and save on life insurance protection. Regardless of your age or health background, we'll shop our 63 top life insurance companies and find you affordable life insurance you need to protect your family and fit your budget. Compare the best life insurance rates for savings up to 73%. Get Your FREE Quote.

Highly Recommended – Globe Life Insurance

Get FREE Information On How $1* Can Buy Up To $100,000 Globe Life Insurance For Adults Or Children

• No Medical Exam – Simple Application.
• No Waiting Period. Buy Direct.
• Rates As Low As $3.49 Per Month.
• The Globe Life Family Of Companies Has Nearly 17 Million Policies In Force.
• No Phone Required. No Credit Required.
• The Globe Life Family Of Companies Has Over $224 Billion Of Coverage In Force.
• Globe Life Is Rated A (Excellent) By A.M. Best Company As Of August 2023.

Highly Recommended – United of Omaha

United of Omaha offers guaranteed acceptance whole life insurance for people age 45 to 85. Choose $3,000 up to $25,000 of coverage. Rates start as low as $8.80 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.

Resources:                                                                                                                 

• What is a Level Term Life Insurance Policy?
• Life Insurance Over 60 with No Medical Exam
• How Does Guaranteed Acceptance Life Insurance Work
• A.M. Best Company: Compare financial strength ratings of life insurance companies
• Life Happens.org: Learn about life insurance and review facts.
• Investopedia: Learn more about financial planning with term life insurance.

About Our Methodology

Reviewed By: President of Term Life Online – AU, AAI, ARM

• 30+ years of experience in insurance planning

How We Keep This Guide Accurate: We regularly updates our content to reflect the latest rates and industry trends. We are committed to providing transparent, unbiased information to help you make the best decision for your family.

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