Written by Lindsay Frankel and updated on October 17, 2022; reviewed by Eric Estevez; verified by Michael Rosenston. Advertisers do not have any influence over our recommendations.
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You might be concerned about the policy’s cost or quality if you’re looking for life insurance for yourself or a senior member of your family.
Not only does insurance get more expensive as you get older, but it also gets more expensive if you have health problems. But don’t worry—even if you’ve been denied coverage before, you still have options.
The best companies for seniors’ life insurance offer policies to applicants over the age of 80, have excellent customer service, offer coverage with no-cost-of-living benefits, and have a stable financial outlook. Remember that the best way to get quotes is to contact an agent directly, and if you’re buying for someone else, they’ll need to be involved.
Due to its wide range of policy options, low complaint rate, stellar dividend-paying history, high policy issue age, and high financial strength rating, New York Life is our top choice for senior life insurance. However, applicants seeking a quick online quote and coverage may want to consider Nationwide due to the fact that you must speak with an agent to apply or obtain additional information. For benefit riders with no cost-of-living benefits, nationwide is also the preferred option.
John Hancock may be the best option for older seniors looking for term insurance, while Pacific Life is a good option for those who value a company with few complaints. Try Mutual of Omaha for a final expense or guaranteed issue policy if you have health issues or only need a small policy.
