You may discover after turning 65 that life insurance may be more expensive. This may be due to the fact that life insurance companies may view life insurance over 65 as riskier. Life insurance may focus primarily on age and health status when determining eligibility and setting their rates. Based on your current health status, you may not get approved for term life insurance over 65.
However, you may be able to get guaranteed life insurance over 65. Guaranteed over 65 life insurance may be a little more expensive, but it may not require a medical exam or extensive medical questionnaire. If you are considered high risk, this may be your only option for over 65 life insurance.
Whether you choose term life insurance or guaranteed life insurance, you may still be able to get affordable life insurance over 65 by shopping around. Life insurance companies may base their rates on a wide variety of factors and those factors may vary from company to company. Collected several quotes for over 65 life insurance may allow you to find the policy with the lowest price.
For more information on life insurance over 65, you may want to read “Guaranteed Life Insurance vs. Term Life Insurance for Seniors”. You may also benefit from reading life insurance for senior citizens. For a free, no-obligation quote on life insurance over 65, go fill out the quote form provided. This may allow you to compare rates from different companies.