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Life Insurance For Seniors Over 75

no medical exam life insurance for seniors
Insurance Quotes 2 Day Team

Written By Doug Mitchell

Doug Mitchell, CLU holds a BA degree in Finance from Auburn University as well as having obtained a Chartered Life Underwriter (CLU) designation from The American College in Bryn Mahr, PA.  Doug has spent close to 30 years in the insurance and financial planning industry and has held licenses to sell securities, long-term care insurance, health.  Doug is also a financial blogger addressing the topics of life insurance, annuities and retirement income planning.

Holly Mitchell  &

Holly Mitchell’s background in life insurance insurance goes back to 1985 when she worked for her father who was a New York Life agent. Holly has a marketing degree from Auburn University and has had a life insurance license since 2008. In addition to advising life insurance for customers all around the country, Holly is our website fact checker.

Rob Pinner   &

Rob Pinner is the founder and CEO of Pinner Financial Services servicing all 50 states. Rob started his insurance career in 2002.

Louis LaBash

Results-driven and innovative life insurance professional with 30 plus years of life insurance industry sales and marketing experience. Recognized as a pioneer in the field, leveraging phone and internet channels to exceed personal sales of over $100 million during the first decade of the 21st century. Creator of a highly effective intuitive IUL life insurance sales software that facilitated the sale of millions of dollars of indexed universal policies by numerous life insurance agents. Proven track record as a Managing General Agent (MGA), Life Agent, IUL Life Insurance Sales Software developer, and leading-edge creator of insurance marketing tools, educational content, and delivery systems.

 12 minute read

We know it can be difficult to find a no-exam life insurance for seniors over 75.

Life insurance is one of the best purchases that you’ll ever make for you or your loved ones.

But what about once you’ve reached retirement age? Do you still need a life insurance plan?

Are they affordable options for coverage?

Finding the right life insurance plan can be hard if you are a senior.

Finding a plan to meet your needs can be an overwhelming process.  Do you want whole life insurance or term life insurance?

Are you going to need a no-medical exam whole life policy?  Will you be healthy enough to get a fully underwritten life insurance policy?

You can also still get term life insurance. Is that a smart move?

As a senior, you can expect to get much higher premiums for your life insurance coverage than a younger applicant will pay.

But just because you’re a senior doesn’t mean that you have to have an insurance plan that’s going to break your bank every month. There are many quality life insurance plans that you can choose from, regardless of your age. Life insurance for seniors over 75 with no medical exam is readily available from many carriers for healthy applicants.

Are you a senior adult concerned with the available options for life insurance coverage? Life insurance for seniors is important for both your financial security and your mental well-being.  No matter your age, if you have a good life insurance policy in place, you can live with peace of mind.

As a senior, life insurance is one of the best ways to ensure your family is financially provided for once you pass on. 

Furthermore, it prevents your family and loved ones from inheriting your debts or becoming responsible for your final expenses. 

It is never too late to purchase a senior life insurance policy.  While many seniors might be hesitant to apply due to the rising insurance rates, it’s still quite possible to find more affordable life insurance plans.   

We have plans that can cover you if you are 85 years old, so don’t rule out purchasing life insurance.


Why would I need life insurance if I am 75 or older?

Certainly, nobody wants to think about what would happen to their family following their death in terms of financial security. As a responsible senior, you want to do your part to provide for your family even after your passing.  Even if it seems as if it’s too late, it is important to know that term life insurance for seniors over 75 is obtainable and, depending on your budget, very affordable.

The costs of both funeral and burial expenses are increasing rapidly.  Presently, it’s quite difficult to purchase a burial package for less than $10,000.  No one wants to be a burden to their family after they have passed on.

Or perhaps you have a monthly mortgage or other costly expenses that you are responsible for.  Life insurance over 75 will help to relieve your family of the burden of paying for your final expenses, as well as debt left after you have passed.

If you don’t research, life insurance may seem of little or no value.  However, for your financial security, you must secure a life insurance policy.  As the cost of living rises, most American families pay more than $7000 monthly on day-to-day expenses.


Life Insurance for Seniors Over 75

Generally speaking, seniors over 75 are searching for life insurance coverage on a more permanent basis to pay burial costs and final expenses. 

Since we have no way of knowing what exactly our future holds, a permanent whole life policy is the best way to go. 

Once an applicant realizes that their affordable options are more limited as the years pass, the mindset shifts to looking for cheap whole life insurance for seniors.

The amount of time needed for coverage determines whether a whole life or term life insurance plan is appropriate.  Term life insurance is great when there’s a short-term need past 75, such as paying off a mortgage in 5 to 10 years.  However, whole life insurance is better suited for a more permanent and long-term need.

Oftentimes, due to a fixed income, seniors over 75 will seek term life insurance because it is cheaper.   

The primary benefit of term life insurance is that the premium is substantially less than whole life insurance.  However, despite being more affordable, it’s often not the best option for seniors over 75.  If you purchase a 10-year term life insurance policy, you will likely outlive your policy. 

This may be the best insurance for some seniors because it fits their budget, which is always a major selling point when deciding on an insurance plan.

Should you choose a more affordable life insurance policy and outlive the initial term of the policy, you could find yourself in the position with no life insurance once it expires, as well as spending an exorbitant amount of money to extend your coverage if extending is even an option.  This is the reason why whole life insurance is more often the better choice for seniors over 75.  Seek the advice of a qualified and experienced life insurance agent for a better understanding of your available options.


Term vs. Whole Life Insurance for Seniors

Both term and whole life insurance at age 75 are available in our current market.  Your requirements and circumstances best determine the type you need and of course, your budget.  Whole life could be the better option if you require substantial coverage, but the premium rates will be much higher than term life insurance.

The advantage of whole life insurance is that you will not need to renew it.  Most insurance companies will not approve coverage for anyone over 80.   So, if you decide on a 20-year term life insurance policy and you survive it, you most likely will not be eligible to renew it.

When considering an affordable premium rate, term life insurance is better.  You can find term life insurance rates for seniors over the age of 75 for significantly less than a whole life insurance policy – three times less!


Health Issues and Life Insurance for Seniors 

Having medical issues as a senior is common, no doubt. 

However, the state of your health significantly determines your life insurance premium, so your decision then comes down to whether to go for a policy where an exam is required or a policy with no medical exam.  For those not requiring medical exams, life insurance tends to cost much more.  Consequently, if you go with the medical exam life insurance policy, your health conditions could cause your application to be refused by the underwriter.

Evaluate your present state of health thoroughly. 

If you can show that you are in reasonable health, your premium could potentially be 50% less. But, if you are having health issues that are concerning to you and prefer not to deal with a medical exam, your solution is no exam life insurance for seniors.


See For Yourself With Life Insurance Quotes For Seniors

Coverage of $25,000 is obtainable with a no medical exam whole life insurance policy for seniors over 75. 

Should you need more substantial coverage, you’ll need a life insurance medical exam. 

However, there is another choice if you do not want to go through a medical exam, and that coverage is called guaranteed acceptance life insurance.  This is a simple purchase complete with no questions, no waiting period, and no harassment.  It costs significantly higher, but approval is guaranteed.  Those seniors with chronic health conditions generally choose this option.  These plans are usually only available for ages 50 to age 80.

More About No Medical Exam Life Insurance Policies

no exam life insurance for seniors We briefly talked about this already, but why would you buy a life insurance policy without a medical exam?

These plans will allow you to buy insurance coverage without being forced to undergo a medical exam before they accept your application. These policies can be a great option for seniors, especially those who have poor health. With these plans, the insurance company will pull your medical records, but you won’t have to go through the physical medical exam.

There are dozens of different insurance companies that offer quality Term Life Insurance no medical exam.

You can buy these plans in a variety of different lengths, just like you would with a traditional term plan. The plans range in length, anywhere from 10 to 30 years. Some insurance companies will offer plans with even shorter lengths that you can buy to match the length of your life insurance needs.

There are also options for whole life, no medical exam plans, so make sure that you compare all of the plans available.  If you are healthy, you can usually get better life insurance rates.

Each insurance company has different requirements and limits on their policies. Most insurance companies will sell no medical exam plans for anyone until they are in their 70s, while others will still sell you a plan until you reach 80 or older.

Because every insurance company is different, you’ll need to find the best no-exam life insurance based on your situation.


Best Companies that offer no medical exam life insurance for seniors


life insurance for seniors over 70 no medical exam

Because every company has different algorithms for calculating their premium prices and each has different limits on their coverage, it’s impossible to say which companies are the best for term life insurance with no medical exam.

We see several companies continue to rise to the top when we’re helping applicants apply for the best no-exam policy.

In fact, we have relationships with many insurers who specialize in life insurance for seniors over 70 with no medical exam, meaning life insurance for those over 70 is absolutely realistic.


Fidelity Life

One of those companies is Fidelity Life. Not only do they offer quality and affordable no-medical exam life insurance plans, but they also have several unique types of no-medical exams that you can pick from. The most notable plan is the Rapid Decision No Medical Exam plan. They have a quick-decision policy that is designed specifically for seniors who are looking to get coverage fast. With one of these term life insurance no medical exam plans, you can get insurance coverage as quickly as 24 hours, and you can complete the whole process online.

Another key advantage of buying a plan through Fidelity is that their life insurance coverage continues until you’re 95 years old, which is older than that of other companies. If you’re looking to have coverage as long as possible, Fidelity is going to be an excellent option. Use our instant quote form on the left to find the lowest no-medical exam term life insurance quotes.


Sagicor Life Insurance Company

Another company that tends to offer the best no-medical exam plans for seniors is Sagicor Life, which offers larger no-medical exam plans.

Sagicor sells plans that will give you up to $399,999 worth of life insurance without taking the medical exam. Most insurance companies are only going to allow you to buy around $250,000 of life insurance with no medical exam. The additional almost $150,000 can make a significant difference when you’re looking to protect your family.


Assurity Life

Another company to look for when purchasing no-exam life insurance as a senior is Assurity Life.  Assurity Life has a term, whole life, and universal life insurance available.  You may also qualify for a no medical exam life insurance policy through Assurity Life in amounts up to $1,000,000.

If you are a senior 75 years old, you can still get a 10-year term life insurance policy without a medical exam.  You can even add an additional insured rider and include your spouse on the policy. That way, both you and your spouse can get term life insurance with no medical exam.

Some Assurity life riders that you will want to know about:

  • Endowment rider or return of premium rider
  • Additional insured rider (add your spouse)
  • Disability waiver of premium rider
  • Critical illness benefit rider (access the death benefit for a heart attack or bypass surgery, cancer, stroke)

Assurity Life has a great online application process that speeds up the process.  You can get no medical exam term life insurance quotes instantly and then have a policy issued in just a few days.


American National 

American National, also known as ANICO, is another great option for no-exam life insurance for seniors.  We use their no-lapse guarantee universal life insurance policy that has a return of premium feature most of the time.

Unfortunately, their term issue age stops at age 70.  At least you can purchase a 10-year term policy at age 70 that will cover you until you are age 80.


ANICO Signature Guaranteed Universal Life Insurance

ANICO Signature Guaranteed Universal Life Insurance can be purchased up to age 80.  The Signature Plus Indexed Universal Life policy can be purchased up until age 85.

Since the minimum face amount is $25,000, this could be a great alternative to a simplified issue whole life policy and much cheaper life insurance.

Some of the unique riders to take a look at are:

  • Guaranteed Cash-Out Rider (You can get your money back)
  • Disability Waiver of Stipulated Premium
  • Children’s term rider
  • Accelerated Benefits Rider
  • Overloan Protection Benefit Rider (Yes, you can borrow from your policy)
  • ANICO Signature Term Rider for UL (You can add 10, 15, or 20-year level term)



Transamerica life insurance is great for seniors needing life insurance without a medical exam.

Transamerica has a final expense, no medical exam, a whole life insurance plan for seniors, and it has three levels of coverage:

  • Immediate Solution
  • 10 Pay Solution
  • Easy Pay Solution

The immediate solution

The Immediate Solution has a minimum face amount of $1000, so this makes the plan ideal for those just wanting minimal coverage or they may be on a limited budget.  The maximum face amount is $50,000.

Since this is a whole-life policy, the product endows at age 121.

Some of our favorite riders are:

  • Accelerated Death Benefit Rider
  • Accelerated Death Benefit Rider with Nursing Home Option
  • Accidental death benefit rider
  • Children’s and Grandchildren’s Benefit Rider

The 10 Pay Solution 

The 10 Pay Solution only has premiums for ten years, which makes it a very convenient life insurance policy to have.  Once you finish your 10th year, you pay no more premiums. This policy is also available up to age 85.

The ten pay also has a $1000 minimum face amount and a $50,000 maximum face amount limit.  It also has the same great riders:

  • Accelerated Death Benefit Rider
  • Accelerated Death Benefit Rider with Nursing Home Option
  • Accidental death benefit rider
  • Children’s and Grandchildren’s Benefit Rider

The Easy Solution

The Easy Solution is very similar to the above-mentioned life insurance policies except that there is a limited death benefit for the first two years.  The minimum face amount is still$1000, but the maximum is just $25,000, making guaranteed life insurance for seniors possible.

About the limited death benefit:

For the first two years of the policy, the death benefit is only 110% of the premiums paid into the policy.  After two years, you will be fully covered.  If death is an accident, the full face amount is paid to your beneficiary.

This policy is offered to less-than-healthy applicants.  If you have had trouble getting life insurance because of a health issue, this may be a no-medical exam life insurance policy to consider.

Also, note that there are no policy riders available with the Easy Solution life insurance policy from Transamerica.


American Amicable

American Amicable offers many life insurance plans with no medical exams.  Here is a quick list of their offerings.

Simplified Issue Term Insurance

American Amicable offers the following no-exam life insurance policies.

  • Term Made Simple
  • Easy Term
  • Home Protector
  • Survivor Protector, which is a decreasing term policy
  • Security Protector

No Exam Universal Life Insurance

American Amicable offers the following no-exam universal life insurance policies.

  • Easy UL
  • Ultimate Life Performer
  • SecureLife Plus

Modified Life Insurance

Modified life provides a death benefit guarantee along with cash value, and premiums are locked in for life.

Final Expense Life Insurance

American Amicable offers three top-notch no-exam final expense life insurance policies.

  • Golden Solution
  • Senior Choice
  • Legacy Builder


Colonial Penn

The only way to purchase the Colonial Penn $9.95 plan is through Colonial Penn directly.  They are known for their long-time spokesman, Alex Trebek, who claims that you can’t be turned down, and they offer guaranteed life insurance for seniors.


Calculating Your Life Insurance Needs

Before you buy a medical exam whole life insurance, it’s vital that you calculate your life insurance needs to ensure that your family is going to have the money that they need when you die.

There are a couple of basic calculations that you need to make to find out how much you need.  After all, you want your no-medical exam policy to be large enough when tragedy strikes.

  • The first number is to add up all of your final expenses and debts you want to be paid off when you pass away.

The primary goal of your life insurance policy is to give your loved ones the money that they would need to pay off all of your major expenses when you die.  The vast majority of policyholders who have a life insurance plan are drastically underinsured, which means that when they pass away, their loved ones are going to have additional expenses that they don’t have money to cover. As a senior, you may have reached a stage of life where you don’t currently hold a massive amount of debt, which means that you should be fine with a smaller life insurance policy.

  • The next number that you should look at is your annual income.

The second goal of your life insurance policy is to give your family the money that they need to replace your salary, especially if you’re one of the main income earners in your home. If something tragic were to happen to you, and your family no longer had that stream of income, your family could struggle to pay for any necessary expenses. Your life insurance plan will give your family the money that they need to replace your paycheck without sacrificing their standard of living. As a senior, you may be retired or have nobody who relies on your paycheck, which means that you can exclude this portion for your life insurance needs, which means that you can buy a smaller policy.

These are just two of the categories that you’ll need to calculate when looking to purchase life insurance coverage.  This is the case for the majority of seniors, and you may have different needs.  We can help assist in calculating your life insurance needs. Our agents can help walk you through the process to ensure you get enough coverage for your loved ones.

You can start by using the life insurance calculator on this page to see your rates.


Frequently Asked Questions


Do I need life insurance at 75?

Yes, and here’s why. The costs of both funeral and burial expenses are increasing at a rapid rate.  Presently, it’s quite difficult to purchase a burial package for less than $10,000.  No one wants to be a burden to their family after they have passed on.

Should seniors buy Term or Whole Life insurance?

Life insurance at 30

The advantage of whole life insurance is that you will not need to renew it.  Most insurance companies will not approve coverage for anyone over 89 years of age.   So, if you decide on a 20-year term policy and you survive it, you’ll likely not be eligible to renew it.

Do I have to have a medical exam?

pass a life insurance medical exam

A medical exam is not required by every insurance company. In fact, there are many insurers that offer whole life and term insurance without requiring a medical exam.

Which are the best companies for no medical exam life insurance?

direct vs non-direct recognition

We have found that the following companies offer affordable no medical exam life insurance for seniors.
1. Fidelity Life
2. Assurity Life
3. American National
4. American Amicable
5. Transamerica

author avatar
Doug Mitchell, CLU Independant Advisor
Doug Mitchell, CLU holds a BA degree in Finance from Auburn University as well as having obtained a Chartered Life Underwriter (CLU) designation from The American College in Bryn Mahr, PA. Doug has spent almost 30 years in the life insurance industry and has also held licenses to sell securities, long-term care insurance and home and auto insurance. Doug is a Top of the Table Million Dollar Round Table member (MDRT).  MDRT is a global, independent association of the world's leading life insurance advisors.  For two years, Doug served as President of the Auburn Opelika Association of Financial Advisors and has been a member of the Million Dollar Round Table. He obtained Life Millionaire status at Horace Mann Insurance Company and was awarded the Life Agent of the Year Award. Later in his career with New York Life he was an Executive Council Member. Doug currently serves as President of Ogletree Financial, a managing general agency serving life insurance agents and clients in all parts of the United States. Today, Doug’s main focus is servicing 1000s of policyholders and growing the agency through the reach of

4 Responses

  1. I’m trying to help my parents find affordable life insurance to pay for final debts and burial cost . They are both in their late 70s. With so much information out there it’s quite confusing. Thank you in advance

  2. Hi Cindy,
    We can certainly help you find life insurance policies for your parents. You can call for life insurance quotes.

  3. I'm do not have life insurance and I want my wife to be able to carry on when I pass on

  4. Joseph – We can help. Just give us a call with your details or complete the quote request form on this page.

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