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.
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:
Being 70 years of age, there's a chance you are afflicted, or have been afflicted, by any of the following medical conditions:
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.
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 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.
Here's an example of a 10-year term policy for a woman non-smoker, in good health.
|70 years old female||$56.55||$59.22||$65.30||$105.26||$130.10||$245.15|
Here's an example of a 10-year term policy for a non-smoker man, with a good health status.
|70 Year Old Man||$70.75||$92.47||$117.63||$229.69||$245.30||$405.15|