Life Insurance for Seniors in Poor Health
Are You a Senior in Poor Health and Need Life Insurance?
Today, there are several highly-rated life insurance companies that now offer life insurance for high risk seniors with health problems.
And you may be able to shop, compare plans and pricing, and apply completely online for your life insurance policy.
Although many insurance carriers do not insure people with serious health issues 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.
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.
- Your life insurance policy comes with a 30 day Risk-Free, Money-Back Guarantee
If you have an chronic medical condition or illness you may be in need of life insurance to help provide for your family, or maybe to plan for your future funeral, burial, and final expenses.
It can be difficult finding the insurance you need if you are in poor health. Many insurers may not want to insure someone with pre-existing health problems, or the cost may be unaffordable, beyond your budget.
Guaranteed issue life insurance policies accept anyone for life insurance that meets the age requirement because they provide limited death benefits (graded benefits) the first two years you are insured. After that, you have full 100% coverage from your policy.
Factors to Consider When Choosing Life Insurance with Poor Health
- Age – People ages 45 to 85 (50-75 in NY) may qualify for a guaranteed issue plan.
- Amount of Coverage – Purchase from $3,000 up to $25,000 of life insurance.
- Carriers – Some of the leading guaranteed issue insurance companies include Mutual of Omaha, Metlife, AARP/NewYork Life and Colonial Penn.
- Graded Benefits – There is limited coverage the first 2 years you are insured, then you have full coverage.
- Level Premiums – Premiums are guaranteed never to increase.
- Level Benefits – Life insurance death benefit is guaranteed never to decrease.
- Permanent Life Insurance – Guaranteed Lifetime protection.
- Cash Value – Builds cash value inside the policy, from which you may take a loan.
No matter what type of illness you have, if you meet the age requirements, you may purchase guaranteed acceptance life insurance.
Leading Health Issues and Illnesses for Seniors in America
Top 10 Diseases of the Elderly
- Parkinson’s Disease
- Alzheimer’s Disease
- Depression
- COPD
- Osteoporosis
- Heart Disease
- Diabetes
- Hypertension
- Arthritis
- Hearing Impairments
Additional Senior Health Conditions
- Cancer – Lung, Prostate, Breast, Liver, Kidney, Bladder, Bone, Brain, Cervical, Colon
- Stroke
- Glaucoma
- Osteoarthritis
- Pneumonia
- Respiratory Diseases
- Cirrhosis
- Obesity
- Epilepsy
- Kidney Disease
- Hepatitis A and Hepatitis B
- High Blood Pressure
- High Cholesterol
- AIDS/HIV
- Asthma
- Crohn’s Disease
- Bipolar Disorder
- Gallbladder Disease
- Sexually Transmitted Diseases
- Hyperglycemia
If you have any of the illnesses listed above, or have any other health issues, you can Get a FREE Life Insurance Quote from a life insurance company offering guaranteed issue life insurance.
Common Reasons Seniors in Poor Health
are Turned Down for Life Insurance
If you are a senior citizen in poor health, you may have already applied for life insurance and been turned down due to your health.
There are many common health reasons people are denied coverage, including:
- Obesity
- Cancer
- COPD
- Alzheimer’s
- Emphysema
Common Reasons to Buy Life Insurance If You
Are a Senior in Poor Health
- To cover cost of your final expenses
- To replace your income for your family
- To provide for your spouse’s retirement
- To pay off debt
- To pay off mortgage loan
- To provide for your child or grandchild’s education
Common Health Problems in The USA
For older people in their Golden Years, some of the most common health issues include the following:
- Osteoporosis
- Alzheimer’s – Alzheimer’s disease accounted for 92,604 deaths of people over age 65 in 2014, according to the CDC. The Alzheimer’s Associationreports that one in nine people age 65 and older, which is about 11 percent, have Alzheimer’s disease,
- Macular Degeneration
- Hearing Loss
- Cognitive Impairment – Age-Related Memory Loss – Alzheimer’s Disease
- Dizziness – 24 percent of people over 72 suffer from dizziness.
- Heart Disease – Heart Attack and Stroke – According to the CDC, heart disease remains the leading killer of adults over age 65, accounting for 489,722 deaths in 2014. As a chronic condition, heart disease affects 37 percent of men and 26 percent of women 65 and older,
- High Blood Pressure
- High Cholesterol
- Cancer – Cancer is the second leading cause of death among people over age 65, with 413,885 deaths in 2014, according to the CDC. The CDC also reports that 28 percent of men and 21 percent of women over age 65 are living with cancer.
- Respiratory Diseases – COPD, Emphysema, Chronic Bronchitis, Asthma – Chronic lower respiratory diseases, such as chronic obstructive pulmonary disease (COPD), are the third most common cause of death among people 65 and older, with 124,693 deaths in 2014, according to the CDC.
- Diabetes – More than 25 percent of people over age 60 have diabetes
- Flu/Pneumonia – Although the flu and pneumonia aren’t chronic conditions, these infections are among the top eight causes of death in people over age 65, according to the CDC.
- Obesity – Of the adults between 65 and 74, 36.2 percent of men and 40.7 percent of women are obese — meaning that their body mass index is greater than or equal to 30 — according to the CDC. It can also be a signal that an older adult isn’t as active or mobile as he or she once was.
- Depression – According to the American Psychological Association, 15 to 20 percent of Americans over 65 have experience depression. A threat to senior health, depression can lower immunity and can compromise a person’s ability to fight infections.
Senior 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.
- Your life insurance policy comes with a 30 day Risk-Free, Money-Back Guarantee
Highly Recommended – JRC Insurance Group
JRC Insurance Group helps you shop, compare and save on life insurance. Regardless of your age or health background, we'll shop our 40+ 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.
Life Insurance No Medical Exam or Health Questions
Buy Guaranteed Approval Life Insurance for Seniors
Life Insurance for Seniors in Poor Health
Life Insurance for Seniors with COPD
Disclosure: Compensated Affiliate