Agent, Rural Mutual Insurance Co., Union Grove, WI
There are carriers out there that will write a life insurance policy for persons up to one day before the persons nintyith birthday. These policies will typically have stricter requirements for issue and be costly. Call a local agent to find out about availability of coverage and pricing for that coverage.
Yes, there are quite a few No Exam Life Insurance policies that will issue up to $25,000 for a 78 year old person. They are often advertised as funeral policies, burial policies, or final expense policies. Most are Whole Life and have lenient health questions.
If looking for a policy over that amount, there are many companies that offer medically underwritten policies to persons that age. The health requirements are fairly stringent, but some companies are much more friendly to seniors than others. Contact an agency that specializes in life insurance for seniors can help you get the best price.
The short answer is yes, there are plans available.I recommend contacting an Independent agent who specializes in insurance for seniors.Typically this agent will be able to offer the most options to suit your specific needs. It is time well spent having this conversation to determine your specific needs...
.JPG){kind=avatar}
If looking for a policy over that amount, there are many companies that offer medically underwritten policies to persons that age. The health requirements are fairly stringent, but some companies are much more friendly to seniors than others. Contact an agency that specializes in life insurance for seniors can help you get the best price.