Are you over 50 and wondering if it’s still possible to get affordable life insurance without a medical exam? You’re not alone. Many older Americans are surprised to discover that even in their older years there are still life insurance options that are both accessible and affordable. Whether you’re looking to protect loved ones, cover final expenses, or leave a small legacy, finding low cost life insurance can be easier than you think.
Why Life Insurance Still Matters as You Age
For many seniors, life insurance isn’t about building wealth—it’s about ensuring loved ones aren’t left with debts or financial burdens. Whether you’re aiming to cover funeral costs, pay off remaining debts, or simply give your family peace of mind, the right policy can make a big difference.
Life Insurance Over 50 With No Medical Exam
If you’re over 50, the idea of undergoing a medical exam might be enough to stop you from applying for coverage. Fortunately, many insurers now offer no medical exam policies.
- Simplified issue life insurance: Only a few health questions, no exam required.
- Guaranteed issue life insurance: No health questions at all—acceptance is virtually guaranteed, though these policies may have graded benefits for the first two years.
These options are especially popular with seniors because they remove the stress and uncertainty of medical testing.
Life Insurance for Seniors Over 60, 70, and 80
The good news? You can still get life insurance quotes for seniors over 60, 70—even 80. While your premium will depend on age and health, affordable options are still available, especially for lower coverage amounts.
Popular Policy Types for Seniors
- Final expense insurance: Offers $5,000–$50,000 in coverage, often with no exam required.
- Term life insurance: Available for shorter terms like 10 or 15 years, ideal if you need coverage for a specific period.
- Whole life insurance: More expensive, but lasts for life and builds cash value.
Companies like Colonial Penn, AARP/New York Life, and Mutual of Omaha are well-known for providing senior-friendly life insurance policies.
Term Life Insurance Quotes: Short-Term Protection That Fits Your Budget
Term life insurance is one of the most affordable types of coverage and can be ideal for seniors in relatively good health. It provides coverage for a specific period—typically 10, 15, or 20 years—and pays a benefit only if you pass away during that term.
Why It’s Popular
- Premiums are lower than whole life policies.
- You can select a coverage period that matches your needs.
- Some insurers offer instant decisions online, no medical exams required.
You can get term life insurance quotes in minutes from providers like Haven Life, Ethos, and Bestow, which specialize in instant online approval.
Life Insurance Quotes For Low-Income Seniors
If you’re on a fixed income, life insurance for low income seniors is still within reach. Some insurers offer policies starting as low as $13/month depending on your age, state, and desired coverage.
How to Get Low Cost Life Insurance
Many providers offer low-cost policies in most states.
How To Find One
- Use comparison sites like Policygenius, SelectQuote, or NerdWallet.
- Choose a final expense or simplified issue plan.
- Enter your zip code and age to see instant quotes.
- Filter for policies starting at low cost and read the fine print—some may start low but increase over time.
Instant Life Insurance: Protect Your Loved Ones Today
In today’s digital world, you no longer have to wait weeks for an underwriter’s decision. With instant life insurance, you can do several things.
- Apply online in 10–15 minutes
- Receive approval immediately
- Get coverage that starts same day in many cases
These policies are great for anyone who wants to get life insurance quickly without paperwork, long wait times, or in-person meetings.
Why Now Is the Right Time to Get Life Insurance
Delaying life insurance doesn’t make it cheaper—it makes it more expensive. The older you get, the higher your premiums. But locking in a rate today could give you years of peace of mind at a cost that fits your budget.
Whether you’re 50, 60, or even 80+, life insurance is still within reach. And if you’re worried about affordability, there’s likely a policy out there that works for you.