Are you a senior looking for affordable life insurance coverage? Look no further! We have great news for you. Seniors under 85 years old can now secure a generous $250,000 max life insurance policy for just $13 per month. This remarkable opportunity ensures that you can protect your loved ones' financial future without breaking the bank. With this affordable option, you can have peace of mind knowing that your family will be taken care of when you're no longer there. Don't miss out on this incredible offer; take control of your future today.
The following are some of the top life insurance options for seniors.
New York Life
New York Life has one of the biggest offerings of life insurance specifically for seniors, with term, whole life, and universal life insurance available past age 60. This means you have more options and choices.1 You can purchase a New York Life whole life insurance policy up until age 90 and term life insurance through age 75.
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In addition to offering policies that allow seniors of every age to get coverage, New York Life offers additional choices and flexibility. Seniors can convert their term life insurance policies as their needs change. Plus, there’s a level premium option that allows you to adjust what you’re paying for your insurance policy as your budget changes. You can even buy permanent life insurance coverage at a later date — and you don’t need to undergo a medical exam. You have options for living benefits, including chronic illness care and terminal illness coverage. If you’d like, you can buy additions and increase your coverage too.
New York Life has a couple of special perks just for senior customers. The Spouse Paid-Up Option, which is available on term life insurance policies, allows your spouse to buy life insurance for themselves with no medical exam even after you pass. If you’re a member of certain senior organizations, you can even get special types of coverage at special pricing.
AIG Direct
AIG Direct offers a unique type of life insurance designed specifically for seniors called guaranteed issue senior life insurance. It’s easier for seniors to qualify for, offers quick coverage, and can help you cover everything from medical bills to funeral costs to your remaining bills in the event of your passing.
Starting at the affordable price of $13 per month, seniors could enjoy $250,000 of term life coverage courtesy of AIG Direct.2 Since there’s no medical exam or any health questions to worry about, you can complete the application entirely online.
You can even customize your coverage, and add options like living benefits and chronic illness and terminal illness coverage. These benefits actually kick in if you’re diagnosed with a chronic illness like Alzheimer’s or dementia, or if you need to accelerate your death benefit because you have a terminal illness.
North American Company
North American Company offers guaranteed life insurance coverage for seniors up to age 85, provided they secure their policy before turning 86. This coverage extends all the way to age 120, but North American doesn’t require policyholders to pay any premiums after turning 100, which is a huge benefit.3
The guaranteed universal life insurance policy with North American offers different benefits for seniors. The Extended No Lapse Guarantee is automatically included, which ensures you won’t lose your life insurance coverage as you get older. You’ll also enjoy protection against unexpected illnesses, which gives you accelerated death benefits and early payouts in the event that you become diagnosed with a serious illness that meets North American’s qualifying requirements.
Even though you’re a senior, North American offers flexibility and control over your life insurance coverage. Once you’ve taken out a guaranteed life insurance plan, you’ll have access to a guaranteed exchange privilege. This privilege allows you to exchange your life insurance policy for another one of the company’s universal life products, all without going through the underwriting process again.
Additionally, your policy won’t change unless you personally make changes to it. You can control your premium payments, your death benefit guarantee period, and even add on riders as needed once you become a policy holder.
Find a Senior Life Insurance Policy Today
If you’re approaching age 70 and beyond, you may think that your life insurance options are limited. But that simply isn’t true! You just need a policy that’s designed specifically for seniors and an insurance company that can serve your needs. Insurance companies do offer policies for older adults, but it takes some research in order to find them.
To find a senior life insurance policy that offers the coverage you’d like, you need to search online. Search for guaranteed life insurance, which is often offered solely for seniors. Look into life insurance age cutoffs and see if you qualify for coverage with different insurance companies. And don’t forget to get price quotes from multiple insurance companies. You should compare policies and premium prices from different insurers to make certain you’re choosing the best option.
