Life Insurance at Age 78. If you are shopping for life insurance quotes at age 78, then you should know that you are getting very close to the maximum age to attain life insurance coverage. There are several highly rated carriers who will insure you at this age, but if you don't get coverage soon, then it will be too late.. Yes, there are quite a few No Exam Life Insurance policies that will issue up to $25,000 for a 78 year old person. They are often advertised as funeral policies, burial policies, or final expense policies..
Term Policy–75 year old female, good health/preferred rating class, $100k 10 year level term life policy =$118.25 month. Permanent policy–76 year old female, good health/preferred rating class, $25k universal no-lapse guarantee to age 121 policy=$94.83 month.. Companies tend to become extremely selective when offering life insurance to someone who is very quickly approaching the average life expectancy (78.5 years of age). Often, a group like AARP is your biggest ally when it comes to finding affordable insurance..
If you are looking for term insurance as opposed to permanent life insurance, then probably the maximum length of the guaranteed premiums on the term life insurance would be 10 years. Another life insurance option for someone in their 80’s would be a Single Premium Life insurance policy.. At this age, many policy options are still available, including 10 and 15 year term life insurance. Permanent policies such as whole life or universal life insurance coverage are available as well. Let’s take a look at the cost of life insurance for 70 to 75 year olds, as well as the best policy options available for seniors over 70..
Here are our picks for the best life insurance for seniors. ... The estimate is for a 55-year-old woman in good health with a healthy BMI. ... This short-term life insurance policy can be renewed .... The cost of life insurance can average more than $126 per month for a standard 20-year term policy. Insurers will primarily base your life insurance rate on your health and age. Some additional factors include your weight, whether you smoke, your occupation and even your family health history.. If you find an old life insurance policy, how you go about determining if it's worth anything depends on whether it belonged to you or someone else. You'll need to first contact the insurer and see if the policy is of any use. The unclaimed property office may help if the insurer won't..