If you’re a senior, you likely think that life insurance isn’t readily available for you. As you get older, life insurance options become more limited, expensive, and difficult to qualify for. However, if you start a search online right now, you can find life insurance policies made just for those age 70 and older.
You don’t have to give up on securing a life insurance policy. There are options available. Even better, there are even some insurance companies that offer policies just for seniors. No matter your age, you may still have time to secure life insurance with financial benefits for your loved ones.
The following are some of the top life insurance options for seniors.
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AIG Direct offers a special kind of life insurance that’s designed just for seniors: guaranteed issue senior life insurance. It’s easier for seniors to qualify for, offers quick coverage, and can help you cover everything from medical bills to funeral costs to your remaining bills in the event of your passing.
Starting at the affordable price of $19 per month, AIG Direct’s guaranteed issue senior life insurance can get you covered in just 48 hours. Since there’s no medical exam or any health questions to worry about, you can complete the application entirely online. The policy offers up to $25,000 in coverage and is guaranteed for those up to age 85. You won’t be turned down because of your health. Moreover, you can get insurance that truly covers you through the end of your life.
You can even customize your coverage with AIG Direct guaranteed issue senior life insurance. You can add options like living benefits and chronic illness and terminal illness coverage. These benefits actually kick in if you’re diagnosed with a chronic illness like Alzheimer’s or dementia, or if you need to accelerate your death benefit because you have a terminal illness.