Best Life Insurance Options for Seniors Over 65 (No Medical Exam Needed)

Finding life insurance as a senior over 65 can feel overwhelming, especially if you have health concerns or a tight budget. The good news is that many providers offer life insurance without a medical exam, making it easier than ever to get coverage quickly and affordably.

Why Seniors Over 65 Still Need Life Insurance

Even if you’re retired and your children are grown, life insurance can still serve several purposes:

• Cover final expenses: Funerals can cost $7,000 – $12,000 on average.
• Leave a financial legacy: Support children, grandchildren, or a cause you care about.
• Pay off remaining debts: Avoid leaving burdens behind for loved ones.

Top Life Insurance Plans Without Medical Exams

1. AIG Guaranteed Issue Life Insurance

• Available for ages 50–80
• No health questions or exams
• Coverage up to $25,000
• Premiums never increase

2. Mutual of Omaha – Living Promise

• Up to $40,000 in coverage
• No medical exam, just basic health questions
• Immediate coverage options available

3. Colonial Penn – $9.95 Plan

• Famous for its TV ads
• Affordable pricing per unit
• Guaranteed acceptance for ages 50–85

How Much Does It Cost?

Prices vary based on your age and gender. Here’s a rough estimate:

*These rates are for $10,000–$20,000 coverage with no medical exam.

What to Look for in a Policy

When comparing policies, consider:

• Waiting period (some plans have a 2-year limitation)
• Coverage amount vs. premium
• Customer service and claim process

Final Thoughts

Life insurance over 65 is still accessible and affordable. Whether you’re covering final expenses or leaving a gift behind, the right policy can offer peace of mind for you and your loved ones.

Compare plans online or speak to a licensed insurance agent today.

Disclaimer: This article is for informational purposes only and does not constitute legal, financial, or medical advice. Please consult a licensed insurance agent or professional for personalized recommendations.