Life Insurance Options for Adults Over 60
Your coverage needs change as you get older. Whether you are planning for final expenses, protecting your home, or building retirement income, Asurgo shops 25+ carriers to find the best rate for your age and health situation.
WHY IT MATTERS
Why Life Insurance Matters After 60
Coverage needs shift as you age. Employer-provided life insurance typically ends at retirement, leaving a gap that many families do not realize exists until it is too late. Medicare and Social Security do not cover funeral or burial costs.
Without a plan, your family could face thousands of dollars in unexpected expenses. The average funeral in the United States costs over $8,000, and that does not include outstanding medical bills, credit card debt, or other final obligations.
The good news: coverage is still available and affordable for most seniors. Many plans require no medical exam, and rates can be locked in for life. Whether you are 55 or 80, there are options designed specifically for your situation.
MOST POPULAR FOR SENIORS
Final Expense Insurance: Coverage for Funeral and End-of-Life Costs
Final expense insurance is a type of whole life coverage with smaller face amounts, typically $5,000 to $50,000. It is designed to cover funeral costs, medical bills, and other end-of-life expenses so your family is not left with a financial burden. Rates are locked for life and coverage never expires.
This is the most common type of life insurance purchased by adults over 60. Most plans do not require a medical exam, and approval can happen the same day you apply. Asurgo shops 25+ carriers to find the lowest rate for your health situation.
Final Expense for Seniors
A detailed guide to final expense coverage for adults over 60, including costs, eligibility, and how to apply.
Final Expense Costs
See what final expense insurance costs by age, coverage amount, and health status. Real rate data from 25+ carriers.
QUALIFYING WITH HEALTH CONDITIONS
Life Insurance for Seniors with Health Conditions
Many seniors worry that health conditions like diabetes, heart disease, or COPD will disqualify them from coverage. In most cases, coverage is still available. Asurgo works with carriers who specialize in covering people with pre-existing conditions.
Simplified issue policies skip the medical exam and use a short health questionnaire instead. If your health situation is more complex, guaranteed acceptance policies accept every applicant regardless of health history. These plans typically include a graded benefit period during the first two years, after which the full death benefit applies.
No-Exam Final Expense Insurance
Skip the medical exam entirely. Most applicants are approved the same day based on a short health questionnaire.
Guaranteed Acceptance Life Insurance
No health questions, no exam, no denial. Available to adults 45 to 85 regardless of health history.
PROTECT YOUR HOME
Mortgage Protection Insurance for Older Homeowners
Many seniors still carry a mortgage, whether from a recent refinance, a late-in-life home purchase, or a reverse mortgage. If something happens, the surviving spouse or family could lose the home they have lived in for decades.
Mortgage protection insurance pays off the remaining mortgage balance so your family stays in their home. Most plans offer simplified underwriting with no medical exam, and coverage amounts are matched to your outstanding mortgage balance.
WHAT YOU'LL PAY
How Much Does Life Insurance Cost After 60?
Rates vary by carrier, health, gender, and tobacco use. These are representative monthly ranges from Asurgo's carrier partners to give you a starting point.
| Age | Final Expense ($10K) | Final Expense ($25K) | Term Life ($100K) |
|---|---|---|---|
| 60 | $25-40/mo | $55-90/mo | $45-80/mo |
| 65 | $30-50/mo | $65-110/mo | $70-120/mo |
| 70 | $40-65/mo | $85-140/mo | $110-200/mo |
| 75 | $55-85/mo | $110-180/mo | Limited availability |
| 80 | $70-110/mo | $150-240/mo | Rarely available |
These are estimated monthly ranges based on rates from Asurgo's carrier partners. Your actual rate depends on your age, health, gender, and tobacco use. Contact us for a personalized quote.
Costs in Your 60s
Detailed rate tables and cost breakdowns for adults in their 60s.
See costs in your 60sCosts in Your 70s
What to expect for coverage pricing in your 70s by policy type.
See costs in your 70sCosts Over 80
Coverage options and pricing for adults over 80, including guaranteed acceptance.
See costs over 80RETIREMENT PLANNING
Guaranteed Income in Retirement
For seniors focused on retirement income, fixed and indexed annuities convert your savings into guaranteed monthly payments you cannot outlive. Tax-deferred growth and principal protection make annuities a popular complement to Social Security and pensions.
Asurgo compares annuity options from multiple carriers to find the best rate and payout structure for your situation. Whether you are looking for immediate income or want to grow your savings before taking distributions, we can help.
Not sure which coverage is right for you?
A licensed specialist can walk you through your options in minutes.
COMMON QUESTIONS
Frequently Asked Questions About Senior Life Insurance
Can I get life insurance after 65?
Do I need a medical exam to get coverage?
How much does life insurance cost for a 70-year-old?
What is the difference between final expense and term life?
Is life insurance worth it for seniors?
What is guaranteed acceptance life insurance?
Can I get life insurance with diabetes, heart disease, or COPD?
How fast can I get covered?
Find the right coverage for your stage of life.
Our licensed specialists compare rates from 25+ carriers to find the best option for your age and health situation. No obligation, no pressure.