Yes, there is life insurance for the elderly. A number of No Exam, Final Expense policies can be purchased by persons up to age 80, and a handful are available to applicants up to age 85. There is quite a bit of leniency on the health questions for these policies, but it is possible to be declined. The maximum face amount offered is often $25,000 for this type of policy, although some come in higher face amounts.
Persons up to age 90 can apply for life insurance that requires medical exam and records. These are harder to get but for an elderly person with relatively good health, it is possible to get this type of policy. Here, the minimum face amount is usually over $25,000 and the only maximum limit is what the applicant can afford.
.JPG){kind=avatar}
So if you are elderly, naturally, the premium is going to be higher than a younger person would pay.
There are many reputable carriers that offer moderately-priced plans for the elderly.
Persons up to age 90 can apply for life insurance that requires medical exam and records. These are harder to get but for an elderly person with relatively good health, it is possible to get this type of policy. Here, the minimum face amount is usually over $25,000 and the only maximum limit is what the applicant can afford.