If you are a seventy five year old male or female, you may be wondering if it is still possible to get a life insurance policy.
The good news is, it may be!
There are a few things the insurance company will take into account:
If you are 75 years old, and have any health issues like the following, it may be difficult to get a policy:
But, like everything, it depends. Make sure to speak on the phone with a life insurance agent specializing in older ages.
Often, the reason that seventy five year olds get life insurance coverage, is to cover final expenses, like their funeral and any outstanding debts they may have.
They do not want to leave their family in a financial bind.
If you get denied for a regular insurance policy, you still have the option of going with a no-medical policy, also called, a Guaranteed Acceptance Life Insurance or Guaranteed Issue Life Insurance.
Here's an example of a 10-year term policy for a woman non-smoker, in good health.
|75 year old female||$96.26||$92.67||$118.52||$192.69||$258.30||$456.85|
Here's an example of a 10-year term policy for a non-smoker man, with a good health status.
|75 Year Old Man||$119.10||$176.55||$220.25||$435.35||$494.40||$819.62|