When you are over 70 years of age, finding good life insurance for seniors can be tough. It does depend on your health history and any chronic conditions you may have. Life insurance for seniors over 70 can be found. Pre-existing conditions are still strongly affecting life insurance coverage, but there are some companies who will give you life insurance with a simple questionnaire and no medical exams. However, getting life insurance at this age really does vary a lot. For some, they have completely different lives than the relaxed and retired seniors that many people think of. So it does make a huge difference and you can get a good policy, but you might have to look around.
If you are pretty healthy and don’t have any pre-existing conditions, you could get pretty decent premiums and better coverage. Companies who are issuing life insurance for seniors can help you get great rates if you meet these conditions. Some pre-existing conditions do not create that big of a problem as others for getting a reasonable life insurance rate when you are over age 70. If you shop around, you can find good rates, even if you have some minor health issues affecting you.
If you do have some more serious and chronic health conditions, such as heart disease, diabetes, or lung problems, you are going to encounter much higher rates than those who do not have these pre-existing conditions. However, it is possible to still get a life insurance policy. When checking out companies who offer senior life insurance who do accept pre-existing conditions that are more serious, you will need to get a good number of quotes to be sure you are getting your best possible deal. Some carriers actually specialize in providing policies to those who suffer from chronic health concerns.
Many companies who offer life insurance to seniors don’t require a medical exam, which is a huge benefit for you. There are often just a few very basic questions. Whether or not you have pre-existing conditions should not change the outcome of whether or not you can get a policy, but if may affect the price. Whether you just want a policy geared towards your final expenses or if you have young children in the home and need more coverage, your insurance company should write a policy based on your lifestyle. Shopping around is a great way to compare rates and get the best policy that will suit both your budget and your lifestyle.