Life Insurance for 70 Year Old Woman or Man
Despite what you've heard, seventy years of age is not too old to get life insurance. Many companies still insure people in their seventies.
Typical Life Insurance Amounts For 70 year olds:
| $10,000 | $15,000 | $20,000 |
| $25,000 | $30,000 | $40,000 |
| $50,000 | $75,000 | $100,000 |
| $250,000 | $500,000 | Other Amount |
So, you are a 70 year old female or male and are not sure if you can still get life insurance coverage. The good news is, you still can, but, there are a few caveats.
The insurance company will look into the following:
- Any health issues you have had
- Your present health
- Do you use tobocco products
- Are your overweight or obese
- Do you engage in any risky activities
Your Health
Being 70 years of age, there's a chance you are afflicted, or have been afflicted, by any of the following medical conditions:
- Dementia / Alzheimer's Disease
- Cancer
- Heart problems
- Diabetic
- Pneumonia
- High blood pressure
- Kidney or Liver disease
- Respiratory diseases
- Parkinson's
- Anxiety
- Depression
- Stroke
- Sleep Apnea
- Obesity
If this is the case, it may be difficult to get a life insurance company to issue you a policy. Make sure to speak on the phone with a life insurance specialist.
Final Expenses
Most likely the reason you may be looking for life insurance, is that you want to cover your final expenses, like your funeral and burial expenses. With costs being anywhere from $5,000 to $15,000, you sure don't want to leave your family with all that debt.
If You Get Denied
If you get denied for a regular life insurance policy with a medical exam, you still have the option of going with a no-medical exam policy, also called, a Guaranteed Acceptance Life Insurance Policy.
Get a senior life insurance quote!
Here's an example of a 10-year term policy for a woman non-smoker, in good health.
| AGE | $25,000 | $50,000 | $100,000 | $200,000 | $300,000 | $500,000 |
|---|---|---|---|---|---|---|
| 70 years old female | $56.55 | $59.22 | $65.30 | $105.26 | $130.10 | $245.15 |
Get best 70 year old life insurance rates today!
Here's an example of a 10-year term policy for a non-smoker man, with a good health status.
| Age | $25,000 | $50,000 | $100,000 | $200,000 | $300,000 | $500,000 |
|---|---|---|---|---|---|---|
| 70 Year Old Man | $70.75 | $92.47 | $117.63 | $229.69 | $245.30 | $405.15 |
