It's Never Too Late to Protect Your Legacy
Whether you want to cover final expenses, leave an inheritance, or protect a surviving spouse — there are affordable options at every age. We compare 48+ carriers to find the best rate for your situation.
It's Not Too Late to Protect Them
Coverage available up to age 85 — find your rate in 60 seconds.
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Life Insurance Options for Seniors
The right type depends on your age, health, budget, and goals. Here are the four main options:
Final Expense / Burial Insurance
Ages 50-85 • $5,000–$50,000 • $30–$80/month
Covering funeral costs, medical bills, and small debts so your family isn't burdened
- No medical exam required
- Guaranteed acceptance options
- Premiums never increase
- Coverage never decreases
Guaranteed Universal Life
Ages 50-80 • $50,000–$500,000+ • $150–$600/month
Permanent coverage at a lower cost than whole life, with guaranteed death benefit to age 90-121
- Guaranteed death benefit
- Level premiums for life
- No cash value (lower cost)
- Coverage to age 90, 95, 100, or 121
Whole Life Insurance
Ages 50-75 • $25,000–$500,000+ • $200–$800/month
Legacy planning, estate tax coverage, and leaving a guaranteed inheritance for your family
- Guaranteed cash value growth
- Tax-free death benefit
- Policy loans available
- Dividends (with participating carriers)
Term Life Insurance
Ages 50-70 • $100,000–$1M+ • $80–$400/month
Covering a specific need like a mortgage, business loan, or income replacement for a surviving spouse
- Lowest cost per dollar of coverage
- 10, 15, or 20-year terms
- Convertible to permanent
- Level premiums during term
Why Seniors Get Life Insurance: It's About Who You Love
Protect Your Surviving Spouse
If your spouse depends on your Social Security, pension, or retirement income, life insurance replaces what they'd lose. Many pensions reduce by 50% or more when the primary recipient dies.
Leave a Legacy for Your Family
Life insurance creates an instant, tax-free inheritance for your children and grandchildren. It's the most efficient way to transfer wealth to the next generation.
Cover Final Expenses
The average funeral costs $10,000-15,000. Add medical bills and outstanding debts, and your family could face $20,000-50,000+ in expenses. Don't leave them with that burden.
"I'll Get a Better Deal Going Direct"
This is especially untrue for seniors. All life insurance premiums are regulated and identical — direct or through a broker. But seniors have the most to gain from a broker because health conditions matter more at older ages. We know which of our 48+ carriers are most lenient for specific conditions — saving you from overpaying or being declined.
Resources for Seniors
Senior Life Insurance FAQ
Can I get life insurance at 65 or older?
Yes. Many carriers offer coverage for people up to age 85. Options include guaranteed acceptance whole life (no health questions), simplified issue (limited health questions), and fully underwritten policies for those in good health. We work with 48+ carriers to find the best option for your age and health.
Is life insurance worth it for seniors?
It depends on your situation. If you have a surviving spouse who depends on your income, outstanding debts, or want to leave an inheritance, life insurance is absolutely worth it. Even a small final expense policy prevents your family from paying $10,000-15,000+ in funeral costs out of pocket.
How much does life insurance cost for a 60-year-old?
Costs vary widely based on health, coverage type, and amount. A healthy 60-year-old might pay $80-120/month for a $250,000 20-year term policy, or $50-70/month for a $25,000 final expense policy. The price is the same whether you buy direct or through us.
What is guaranteed acceptance life insurance?
Guaranteed acceptance policies require no medical exam and no health questions — you cannot be denied. They're designed for seniors who have been declined elsewhere. The tradeoff is higher premiums and a 2-3 year waiting period before the full death benefit kicks in.
Should I replace my employer life insurance after retirement?
If your employer coverage ends at retirement (most do), you should absolutely get personal coverage before you retire. Applying while you're still working and potentially healthier will get you better rates. Don't wait until your employer coverage lapses.
Can I use life insurance for estate planning?
Yes. Life insurance is one of the most powerful estate planning tools. The death benefit is income tax-free, can be structured to avoid estate taxes with an irrevocable life insurance trust (ILIT), and provides immediate liquidity for your heirs to pay estate taxes, debts, or equalize inheritances.
Protect Your Legacy. Start Today.
Coverage is available up to age 85 — including guaranteed acceptance options. Get your free quote now.
Leave a Legacy, Not a Burden
No-exam options available — 48+ carriers compared for your best rate.
What brings you here today?
By submitting this form, you agree to be contacted by a licensed insurance advisor via phone, email, or text message. Standard messaging rates may apply. You may opt out at any time. Your information is protected and never sold or shared with third parties. See our Privacy Policy.
Important Disclosure
This content is for informational purposes only and does not constitute financial, tax, legal, or insurance advice. Individual circumstances vary. Consult with a licensed insurance professional or financial advisor before making any insurance or financial decisions. Policy features, benefits, and availability may vary by state and carrier.
Sources & References
- NAIC Consumer Guide to Life Insurance(Accessed Feb 2025)
- 2024 Insurance Barometer Study — LIMRA & Life Happens(Accessed Feb 2025)
- IRS Publication 525 — Taxable and Nontaxable Income(Accessed Feb 2025)
All sources cited are publicly available and were verified at the time of publication. Evolve Legacy Group is committed to providing accurate, up-to-date information. See our Editorial Standards for more information.