Life insurance tailored for seniors over 80 is typically designed to cover final expenses, often referred to as burial insurance.
These are whole life policies offering a smaller benefit.
Life insurance policies for seniors over 80, being whole life plans, operate with specific features:
Qualification is based on factors such as gender, location, and health. We specialize in finding policies for virtually everyone, including those with conditions like cancer, diabetes, and for individuals over 80.
The key is partnering with an agency that has access to a multitude of carriers, ensuring the best rates and highest coverage for everyone.
And that’s precisely what we do.
Even at the age of 80, you can find policies without a waiting period.
However, you may need to opt for a simplified issue policy, involving answering a health questionnaire. Don’t worry; certain ailments, like diabetes, don’t necessarily disqualify you from qualifying for no waiting period life insurance. These questionnaires are quick to fill out.
Typically, individuals aged 80 and above may have coverage amounts limited to $40,000 or less.
While we may find policies with more coverage, in most cases, if you desire a larger benefit, it may involve additional policies from different companies.
Eligibility hinges on your age, location, and health. The flexibility of these policies is a standout feature, with the payout being a tax-free cash amount directly to your named beneficiaries. It isn’t directed to a funeral home, giving your family the freedom to use any remaining funds as they see fit, in line with your will.