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September 8, 2021
Life Insurance at Age 70 (And Beyond)

Life Insurance at Age 70 (And Beyond)

There comes a point in every senior’s life where they start thinking about the end. They want to make sure their affairs are settled and that plans are put into place to help loved ones after their passing.

One of the best ways to prepare is to get life insurance. But is it possible to get life insurance when you’re older?

Today, we’re going to answer some popular questions those in their 70s and beyond may have about life insurance.

How much life insurance should a 70-year-old have?

No one can answer what level of coverage is right for you but you. We all have different needs for life insurance. Those needs change for every person, depending on a variety of factors. But life insurance should be sufficient to cover your affairs and leave some support to your family on your passing, if needed.  

Final expense life insurance is a good start for many people. The average funeral costs nearly $10,000 in the United States. If you want help calculating what you need, we are here to help figure out what’s right for you.  

Medical exams vs. no medical exams  

For many life insurance plans, a medical exam is required as part of the application. This is to establish your health. Those with life-threatening medical conditions are not eligible for most insurance policies.  

However, there are plans that do not require medical exams. These are called GI plans, or Guaranteed Issue plans. GI plans often have higher premiums and may cost you more money over time. We can help you get life insurance coverage, regardless of your medical background.

What is the best life insurance for a 70-year-old?

There are several different types of life insurance. It’s important to understand what type is best for your needs. We suggest looking at these two options first:

Each option has pros and cons based on your individual circumstances. If you want to read more about why you should consider life insurance, check out this blog post about life insurance in retirement.  

What is a good life insurance option for men?

Men often worry about taking care of their affairs with policies while leaving a legacy for those they leave behind. This means that plans with additional cash payouts might appeal to men more often than women.  

What is a good life insurance option for women?

According to AARP research, women are more likely to need long-term care than men. Because of that, life insurance with a long-term care rider might be good option for women. Of course, there’s no cookie-cutter answer. It’s important to find the plan that works best for you.

How much is life insurance for a 70-year-old?

Premiums vary based on a whole host of different factors. Race, gender, smoking, overall health, geography and finances can all affect how much you pay for life insurance. But the general rule is that the healthier you are, the less you’ll pay.  

The best way to answer this question for yourself is for you to get a life insurance quote. We offer no-obligation consultations for free to anyone wanting to explore their life insurance options.

What age is too late to get life insurance?

There’s a myth that you can’t get life insurance if you’re over 70, but it’s not true. While age limits vary by carrier, many carriers offer life insurance plans until age 90.

As long as you are in good health, you have life insurance options. Although prices might go up, you can still get insurance. Life insurance over 70 is possible, but you should think about looking into it sooner than later.

What is the best life insurance option for seniors?

Everyone has unique circumstances. Prices or quality in general terms mean nothing if it’s not the right plan for your needs.

As a brokerage, we can help you explore plans from the nation’s top insurance agencies. If you qualify for it, we can help you find it. We’ll search for the best option for you.


No matter when you sign up for life insurance, your family will benefit from it. At Medicare Allies, we are here to help you navigate through life insurance policies and find something that will give you the peace of mind that you are leaving your loved ones in good hands.  

If you already have life insurance, call us for a life insurance policy review to make sure that your plan still meets your needs.

If you are looking for new life insurance coverage, please reach out for a free consultation. We are happy to help you determine what insurance is best for you and provide pricing quotes to help you get started. Our consultations require zero commitment or obligation. We are here to help you make the best decision for you.

Luke Hockaday
Luke Hockaday
Luke Hockaday is a Customer Success Rep here at Senior Allies. Luke has been helping Medicare-eligible clients with their insurance and retirement-planning needs since 2011. Luke is passionate about 3 things, and 3 things only: senior insurance, football, and food!

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