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Life Insurance for Elderly Seniors Over 80 – Burial Insurance

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As you might have already discovered, it can be difficult to find life insurance for seniors over 80. Even though there are tons of life insurance companies out there that advertise whole life and term life insurance policies, your options can be very limited. For example, you might be looking for insurance with no medical exam because you are dealing with some health issues, but you might have found that many companies do not offer any no medical exam option. You might have discovered that it’s very tough to find term life insurance for seniors over 80. You might have even discovered that it’s hard to find life insurance for elderly parents over 80 or life insurance over 80 at all.

Here at seniorlifeinsuranceplans.com, we understand your frustration. We work with seniors like you all the time, and we know that finding life insurance for seniors over 80 can be difficult. Many companies do not even offer over life insurance over age 80. Many of the ones that do over age 80 life insurance charge high premiums. This does not mean that all is lost, however, and it also does not mean that you can’t get insurance to help with final expense purposes. There are no medical exam options that are perfectly tailored for older seniors, and we can help you find them. Many of them are even from some of the top providers. Buying life insurance over 80 does not have to be as hard as you think.

Our goal is to help you find no medical exam life insurance over 80. As a senior, you can compare rates from the best providers in the business right here on our website, and we will even help you get started with the application process for your affordable plan. You can do all of your comparison shopping online with our website, or you can give us a call so that we can help you through the process. Regardless, if you are looking for no medical exam life insurance for elderly parents over 80 or life insurance for yourself, we can help.

What are Your Options for Life Insurance for Seniors Over 80?

A lot of people who are shopping for life insurance for elderly parents over 80 or who are looking for life insurance over 80 for themselfs are overwhelmed and a bit confused about the different types of coverage that are available. For younger adults who are shopping for life insurance, there are countless options available. For those who are looking for life insurance over age 80, however, options are very limited. This does not mean that you can’t find life insurance for elderly individuals, however. Instead, it means that you should learn a little more about the types of life insurance for elderly individuals over 80 so that you’ll know what to look for.

  • Senior Term Life Insurance: For younger adults, term life insurance is one of the most popular options. This is true for a few reasons; for example, younger adults can purchase a large policy for reasonable monthly payments in many cases. Unfortunately, term life insurance usually is not an option for senior citizens, particularly those who are 80 years old or older. This is because many of the life insurance providers that offer term life insurance use stringent underwriting. Term life insurance for seniors over 80 often is not available at all. If you can find term life seniors over 80, the chances are good that you are going to have to go through a very strict medical exam and underwriting process. If you can secure term insurance for seniors over 80, you might find that premiums are very high. Because of these reasons,
    we often do not suggest term life insurance for seniors over age 80.
  • Whole Life Insurance: Even though they are more expensive than standard term life policies, many younger adults opt for whole life coverage because it lasts for their whole life and can build up a cash value. Because of age and health complications, it is often difficult for older seniors to secure traditional whole life insurance policies with larger face values. Providers that offer life insurance for people over 80 with higher face values often charge prohibitively expensive rates or do not offer a no medical exam option. This means that if you are looking for life insurance for elderly parents over 80 or life insurance over 80 for yourself, you may want to bypass most whole life options.
  • Burial Insurance: Even though it’s a type of whole life insurance,
    burial insurance for seniors over 80 is a different type of whole life insurance for seniors over 80. The policy has a lot of similarities, such as the fact that it will cover you for your entire life, unlike a term life policy. However, the difference is that face values are usually much smaller. Rather than the higher face values that you might see with some plans, funeral insurance for seniors over 80 often has face values that range from $5,000 to $25,000. A simplified issue policy, whole life insurance for seniors over 80 is often offered with guaranteed acceptance, so you will not have to worry about getting turned down. For many senior citizens who are in the later stages of the life, this is the best — if not the only — option. Luckily, these policies do have a lot of benefits, and you can find one and start the application process online with the help of our handy website.

Answers to Common Questions About Life Insurance for Seniors Over 80

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  • Will the policy ever expire? – No. Whole life insurance for seniors over 80 is designed to cover you until the day that you die. You do not have to worry about outliving your policy. This is one of the main things that many people look for when shopping for life insurance for seniors over 80, whether they are shopping for themselves or looking for life insurance for thier elderly parents over 80.
  • Is there a waiting period before I am fully covered? – This depends. If you are approved for standard level burial insurance as a senior over 80, you will be covered from the day that you buy your policy. If you work with us, we will help you find a guaranteed policy that does not have a waiting period. However, in some cases — such as for much older senior citizens or those with more severe health issues — there might be a waiting period. Regardless, we can still help you find guaranteed issue burial insurance for seniors over 80.
  • What happens if there is a waiting period? – There are different types of waiting periods for burial insurance for seniors over 80. With some policies, you might have no choice but to go through the waiting period, which can sometimes last for 24 months. Other types of over age 80 life insurance have modified or graded waiting periods. This means that you will not be fully covered by the death benefit for final expense purposes until you have had the policy for a couple of years. However, if you do happen to pass away during the first year, your beneficiary may get a small percentage of the face value to help with final expense needs, such as 25 percent. If death occurs during the second year, your beneficiary may get 60 percent of the face value. Then, after that, you should be fully covered. It pays to compare no medical exam final expense over age 80 life insurance policies; then, you can hopefully find one that does not have a waiting period or that at least has a modified or graded benefit. Then, if something does happen, your beneficiary will not be fully on the hook for your final expense costs.
  • How can I keep costs reasonable? – Many of the seniors that we work with are concerned about how their families will cover their final expense needs and want to buy life insurance over age 80 to ensure that they are covered. However, many of them worry about being able to afford the premiums on life insurance for people over 80. After all, you might be living on a fixed income, and paying high premiums for life insurance over 80 might not be an option. Luckily, we can help you find life insurance over 80 that is designed just for people in your situation. By choosing a smaller face value and doing a comparison of your options for no medical exam final expense coverage, you can find an affordable policy through a top provider.

What are the Benefits of Funeral Insurance for Seniors Over 80?

 

  • Avoid Getting Turned Down – Burial insurance for seniors over age 80 is designed to help you cover final expenses. You don’t have to worry about being turned down because of your age or past health issues.
  • Find Life Insurance That You Can Afford – Life insurance for seniors over 80 does not have to be costly. Funeral insurance is designed to be affordable for someone who is on a fixed income.
  • Make Sure Your Funeral is Covered – Funerals are getting more and more expensive as time goes on. Securing life insurance can help you protect your family from the burden of paying for your funeral.
  • Ensure Your Final Expenses are Handled – You may leave behind some bills when you pass away. Life insurance for seniors over 80 can help you family take care of these debts.
  • Leave Something Behind for Your Family – You may want to leave a little something behind for your loved ones when you’re gone. Life insurance can help you do just that. Even though face values for life insurance for seniors over age 80 often aren’t very high, it can be enough to leave behind a little something for the people you care about the most.

How Much Does Life Insurance for Seniors Over 80 Cost?

The cost of life insurance for seniors over 80 can vary. The state that you live in can affect how much you’ll pay for life insurance for seniors over age 80. Men and women often pay different rates, and your exact age can have an impact. You will also generally be asked if you are a tobacco user, which can have an effect on premiums for life insurance for seniors over age 80.

To help you get an idea of what others are paying for burial insurance for seniors over 80 in your state, we decided to run the numbers for a female non-smoker in each of these states and at each of these ages. All of the options that are listed below are from top providers and are for $10,000 in coverage. If you want to know exactly how much you will have to pay for funeral insurance for seniors over age 80, however, we suggest that you enter your information into our website. Then, you’ll instantly be shown your options for funeral insurance for seniors over 80 with accurate quotes.

Pennsylvania

  • Age 80 – $98.43
  • Age 81 – $106.21
  • Age 82 – $113.96
  • Age 83 – $121.31
  • Age 84 – $128.55
  • Age 85 – $135.90

Illinois

  • Age 80 – $98.43
  • Age 81 – $106.21
  • Age 82 – $113.96
  • Age 83 – $121.31
  • Age 84 – $128.55
  • Age 85 – $135.90

Arizona

  • Age 80 – $98.43
  • Age 81 – $106.21
  • Age 82 – $113.96
  • Age 83 – $121.31
  • Age 84 – $128.55
  • Age 85 – $135.90

New York

  • Age 80 – $98.43
  • Age 81 – $106.21
  • Age 82 – $113.96
  • Age 83 – $121.31
  • Age 84 – $128.55
  • Age 85 – $135.90

Texas

  • Age 80 – $98.43
  • Age 81 – $106.21
  • Age 82 – $113.96
  • Age 83 – $121.31
  • Age 84 – $128.55
  • Age 85 – $135.90

California

  • Age 80 – $98.43
  • Age 81 – $106.21
  • Age 82 – $113.96
  • Age 83 – $121.31
  • Age 84 – $128.55
  • Age 85 – $135.90

Florida

  • Age 80 – $98.43
  • Age 81 – $106.21
  • Age 82 – $113.96
  • Age 83 – $121.31
  • Age 84 – $128.55
  • Age 85 – $135.90

Which Providers Offer Life Insurance for People Over 80?

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  • Aetna – Aetna was established in 1853 and has an A financial rating. It offers Medicare supplement and Advantage plans as well as life insurance products, including life insurance for people over 80.
  • Cigna – Cigna is a health services organization that was established in 1982.
    It has a financial rating of A. It offers dental and medical coverage, life insurance for people over 80 and more.
  • Mutual of Omaha – Based out of Omaha, Nebraska, Mutual of Omaha offers services for individuals all over the United States. It has an A+ financial rating and provides life insurance for people over 80.
  • AARP – AARP is a trusted name for retired individuals all across America and can be an excellent choice if you are shopping for life insurance for elderly individuals over 80. This well-known organization was established in 1958 and has teamed up with NY Life to provide life insurance coverage, including life insurance for seniors over 80.
  • Colonial Penn – Colonial Penn has a financial strength rating of “excellent.” It is a life insurance-specific company that offers life insurance for seniors over 80.
  • Transamerica – Transamerica is a holding company for investment firms and life insurance providers. It is one of the top providers that offers life insurance for seniors over 80, and it has been in business since 1928.
  • Royal Neighbors of America – Royal Neighbors of America was founded in 1895 with the goal of empowering women, who were not able to vote or buy their life insurance at the time. Now, this company offers many life insurance products for both men and women and is a top choice for those who are shopping for funeral insurance for seniors over 80.

How Can You Shop for Life Insurance Over 80?

We know how important it is for you to find life insurance for elderly individuals over 80 from a company that you can trust. Therefore, we pull quotes from all of the top names in the business. You can always count on us to help you find burial insurance for seniors over 80 from a company that is well-known, well-respected and reliable.

We also help people from various states to find life insurance for elderly individuals over 80. Sometimes, we work with seniors who are shopping for themselves. In other cases, we work with adult children who are shopping for their parents. Whether you’re looking for over age 80 life insurance for yourself or your senior parents, we can help. These are some of the states that we help clients in:

  • Pennsylvania
  • Illinois
  • Arizona
  • New York
  • Texas
  • California
  • Florida

It’s true that finding life insurance for seniors over 80 can be difficult. However, we have made shopping for life insurance as easy as possible. If you call us, we would be more than happy to talk to you about your options for life insurance for seniors over age 80. You can also use our website to shop for it all on your own. Either way, we feel confident that we can help you find coverage that you can count on and that you can afford.