It Takes Just a Minute to Request a Senior Life Insurance Quote

What is Senior Life Insurance?

Senior Life Insurance is a Whole Life Insurance policy that is customized to meet the needs of Seniors between the ages of 50 - 85. These policies are simple and affordable and designed to cover expenses like:

  • Medical Bills
  • Credit Card Debt
  • Funeral Costs
  • Mortgage & Bills

By purchasing a Senior Life Insurance policy you can save your family from the financial burden of providing for these expenses. This provides a helping hand to your loved ones during a difficult and stressful time.

Benefits of Senior Whole Life Insurance

  • NO Medical Exam
  • Rates are Locked in and Guaranteed to never increase.
  • Coverage within 48 Hours
  • Coverage up to $50,0005
  • Guaranteed Issue Policies Available
  • Affordable Rates

Enter zip code & compare rates to see how much you can save!

Frequently Asked Questions

  • Who Needs Life Insurance?

    Your need for life insurance varies with your age and responsibilities. It is a very important part of financial planning. There are several reasons to purchase life insurance. You may need to replace income that would be lost with the death of a wage earner. You may want to make sure your dependents do not incur significant debt when you die. Life insurance may allow them to keep assets versus selling them to pay outstanding bills or taxes.

    Consumers should consider the following factors when purchasing life insurance:

    • Medical expenses previous to death, burial costs and estate taxes;
    • Support while remaining family members try to secure employment; and
    • Continued monthly bills and expenses, day-care costs, college tuition and retirement
  • All policies are not the same. Some give coverage for your lifetime and other cover you for a specific number of years. Some build up cash values and others do not. Some policies combine different kinds of insurance, and others let you change from one kind of insurance to another. Some policies may offer other benefits while you are still living. There are two basic types of life insurance: term insurance and permanent insurance.

  • Term insurance generally has lower premiums in the early years, but does not build up cash values that you can use in the future. You may combine cash value life insurance with term insurance for the period of your greatest need for life insurance to replace income.

    Term insurance covers you for a term of one or more years. It pays a death benefit only if you die in that term. Term insurance generally offers the largest insurance protection for your premium dollar. It generally does not build up cash value.

    You can renew most term insurance policies for one or more terms, even if your health has changed. Each time you renew the policy for a new term, premiums may be higher. Ask what the premiums will be if you continue to renew the policy. Also ask if you will lose the right to renew the policy at a certain age. For a higher premium, some companies will give you the right to keep the policy in force for a guaranteed period at the same price each year. At the end of that time you may need to pass a physical examination to continue coverage, and premiums may increase. You may be able to trade many term insurance policies for a cash value policy during a conversion period even if you are not in good health. Premiums for the new policy will be higher than you have been paying for the term insurance.

  • Only someone who has an "insurable interest" can purchase an insurance policy on your life. That means a stranger cannot buy a policy to insure your life. People with an insurable interest generally include members of your immediate family. In some circumstances your employer or business partner might also have an insurable interest.

    Insurable interest may also be proper for institutions or people who become your major creditors.

  • Permanent insurance (such as universal life, variable universal life and whole life) provides long-term financial protection. These policies include both a death benefit and, in some cases, cash savings. Because of the savings element, premiums tend to be higher.

  • Read your policy. It has a table of cash values that should provide the answer. Call your agent if you are still not sure of the cash value amount.

  • When you die, the insurance company will pay the death benefit. No matter how much cash value you may have had in the policy the moment before you died, your beneficiaries can collect no more than the stated death benefit. Any loans you have not repaid (plus interest) will be subtracted from the death benefi

    The result: your beneficiary could wind up with less than the face amount of the policy.

    The exception: some whole life policies pay both the death benefit and the cash value when you die.