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Can One Still Get Life Insurance Over 80 Years Old?

by Brian M on December 19, 2012 · 1 comment

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Life Insurance Over 80 Years Old |Seniors Term & Estate Policies

If you were born in 1928 or later, there are a few A+ rated companies that will offer you insurance, as long as you’re in average to good health.   You may be eligible for up to $1,000,000 or more of coverage depending on various factors.  However, many people will opt for a final expense policy in the neighbored of $5,000 to $15,000 since it is less expensive.  Fyi–the typical funeral costs in the United States range from about $7,000 to $15,000.

How much is permanent coverage –Universal Life Policy No-Lapse Guaranteed to Age 121 cost?

 

80 year old male in good health for a $25k universal life policy rate guaranteed to age 121 with an A+ rated company would be $122.73 per month.

81 year old male in good health for a $25k universal life policy rate guaranteed to age 121 with an A+ rated company would be $131.78 per month.

82 year old male in good health for a $25k universal life policy rate guaranteed to age 121 with an A+ rated company would be $141.33 per month.

83 year old male in good health for a $25k universal life policy rate guaranteed to age 121 with an A+ rated company would be $151.40 per month.

84 year old male in good health for a $25k universal life policy rate guaranteed to age 121 with an A+ rated company would be $162.15 per month.

85 year old male in good health for a $25k universal life policy rate guaranteed to age 121 with an A+ rated company would be $174.03 per month.

How much does term life insurance cost for someone 80 (eighty) years old and up?

 

80 year old male in good health for a $100k level term life policy with an A+ rated company would be $391.30 month.

81 year old male in good health for a $100k level term life policy with an A+ rated company would be $541.59 month.

82 year old male in good health for a $100k level term life policy with an A+ rated company would be $642.37 month.

83 year old male in good health for a $100k level term life policy with an A+ rated company would be $748.74 month.

84 year old male in good health for a $100k level term life policy with an A+ rated company would be $857.54 month.

 

Life insurance for seniors over 80 years of age is still available.  Choosing the correct policy is going to come down to your needs and budget.  Whether you are looking for a term policy, estate planning or a small final expanse policy make sure you work with an agent who is knowledgeable and can offer you the most cost effective and highest rated companies tailed for your situation.  You can call the life insurance agent hotline at (888) 788-1052 to speak to a licensed agent to answer all your questions free of charge.

You can use the free quoting engine on this site to compare rates and find the best policy for your situation.  If you need more information after you find the policy you’re looking for, press the “Request Application” button to have more information sent over.

*Rates as of 12/19/2012 at the preferred rating class. The information in this post is for informational purposes only and is not a guarantee of rates and insurability.  Rates and eligibly are subject to the underwriting guidelines of the insurance companies and state in which you live.

 

 

 

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