Over 50s Life Insurance: Affordable Coverage Made Simple

If you’re over 50 and thinking about life insurance, you’re not alone—and you’re absolutely not too late.

Over 50s life insurance is designed to give you peace of mind, protect your loved ones, and cover final expenses without complicated medical exams or confusing underwriting.

Whether you want to leave money behind for family, pay off debts, or ensure funeral costs are handled, this guide explains everything you need to know about over 50s life insurance—and how to get the best policy at the lowest possible cost.

👉 Request your free over 50s life insurance quote today and see how affordable coverage can be.

What Is Over 50s Life Insurance?

Over 50s life insurance is a type of policy created specifically for people aged 50 to 85 (age limits vary by insurer). These plans are often easier to qualify for and focus on guaranteed acceptance or simplified approval.

Most policies are:

• Whole life insurance (coverage lasts for life)
• Designed for smaller coverage amounts
• Used to cover funeral costs, medical bills, or final expenses
• Paid out tax-free to your beneficiaries

💡 No medical exams. No complicated paperwork. Just straightforward coverage.

👉 Get a free quote in minutes and see your options now.

Who Should Consider Over 50s Life Insurance?

Over 50s life insurance is ideal if you:

• Want coverage without medical exams
• Have health conditions that make traditional policies expensive
• Want to cover funeral and burial expenses
• Don’t want to burden family with final costs
• Are retired or nearing retirement
• Were previously declined for life insurance

Even if you already have coverage, adding an over 50s policy can fill gaps and provide extra security.

Types of Over 50s Life Insurance Policies

1.Term Life Insurance

• Affordable
• Coverage for 10–30 years
• Ideal for income replacement and family protection
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2. Guaranteed Acceptance Life Insurance

• No health questions
• Everyone is approved
• Coverage usually starts immediately or after a waiting period
• Best for serious health conditions
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3. Simplified Issue Life Insurance

• Few health questions
• No medical exam
• Faster approval
• Often lower premiums than guaranteed plans
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4. Final Expense Insurance

• Designed specifically for funeral and burial costs
• Coverage typically ranges from $5,000 to $25,000
• Fixed premiums for life
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How Much Does Over 50s Life Insurance Cost?

The cost of over 50s life insurance depends on:

• Your age
• Gender
• Coverage amount
• Tobacco use
• Type of policy

Many people are surprised to learn that over 50s life insurance can cost less than a daily cup of coffee.

Example:

• A healthy 55-year-old may qualify for coverage starting around $30–$50 per month
• Even those with health issues can find affordable options

👉 See real prices for your age—get your free quote today.

Benefits of Over 50s Life Insurance

✔ Coverage for life

✔ Fixed monthly premiums

✔ No medical exams (in most cases)

✔ Tax-free payout to beneficiaries

✔ Peace of mind for you and your family

Unlike term insurance, these policies never expire as long as premiums are paid.

What Can Over 50s Life Insurance Be Used For?

• Funeral and burial expenses
• Cremation costs
• Medical bills
• Credit card balances
• Personal loans
• Leaving a financial gift to loved ones

Your beneficiaries can use the payout however they choose.

Over 50s Life Insurance FAQs

1. Is over 50s life insurance worth it?

Yes—especially if you want guaranteed coverage, lifelong protection, and peace of mind without medical exams.

2. Can I get over 50s life insurance with health problems?

Absolutely. Many policies accept applicants with diabetes, heart conditions, high blood pressure, or a history of illness.

3. How fast does over 50s life insurance pay out?

Most policies pay out within days of a valid claim, often much faster than traditional insurance.

4. Is there a waiting period?

Some guaranteed acceptance plans have a waiting period (typically 2 years). Simplified issue plans may offer immediate coverage.

👉 Find out if you qualify for immediate coverage—get a free quote now.

How to Get the Best Over 50s Life Insurance Policy

To get the best value:

• Compare multiple insurers
• Choose the right coverage amount
• Avoid overpaying for unnecessary features
• Work with an independent broker who shops rates for you

The right policy can save you thousands over the life of the plan.

Get Your Free Over 50s Life Insurance Quote Today

You’ve worked hard your entire life. Now it’s time to protect what matters most—without stress, exams, or guesswork.

✔ Fast quotes

✔ No obligation

✔ Trusted insurers

✔ Coverage options for every budget

Compare Life Insurance Quotes

Top Pick – 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 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 – 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. 

Resources:

• Term Life Insurance vs. Whole Life Insurance
• Learn How Term Life Insurance Works
• Guide to Understanding Guaranteed Acceptance Life Insurance
• 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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