1. David RacichPRO
    Fountain Hills, Arizona
    The best life insurance for seniors is the company, who offers the most benevolent underwriting for older insured’s.  As you grow older, your health could become an issue. Favorable underwriting can really make a difference whether you purchase term or permanent life insurance. There are several spreadsheet services that rank the best the best life insurance companies by premium. If any of those are known as benevolent underwriters, you have a good opportunity securing a deal.  
     
    Answered on June 6, 2013
  2. Peggy MacePRO
    COO and Senior Agent, Outlook Life, All 50 States
    There is no one best life insurance company for seniors, although some are certainly better for older persons than others. The one that is best for you will depend on your age, what face amount you desire, what type of policy you want, your health, and even the state in which you reside.

    If you are over 60 and looking for something to cover your funeral, you will most likely find your most affordable rate in a "final expense" or "burial" policy. These usually refer to small, permanent policies that can be obtained with a minimum of underwriting (usually no exam is required). You can also get them under age 60, but sometimes there is some savings to taking an exam at younger ages.

    If you are looking for a policy over $100,000 there are very few No Exam options available to older persons. So you will want to apply with a life insurance company that caters to senior health for a policy like that. Some life insurance companies allow higher blood pressure readings above a certain age, disregard family history if the applicant outlived his/her parent, or provide other concessions to seniors. Shopping with an agency that carries many options will help.
    Answered on June 6, 2013
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