Best Life Insurance For Seniors Over 75-80: Final Expense & Burial Insurance

Best Life Insurance for Seniors 75-80
Kim Wilhelm CEO of Final Expense Direct Life Insurance
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Written by Kim Wilhelm

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Last Updated 05 Oct 2022

Getting life insurance for seniors over 75 can be hard, but not impossible. The same goes for life insurance for seniors over 80. Most seniors in this age group have long paid off their mortgages, cars, and student loans. The children are all grown and you’re now enjoying your grandchildren after spending your life as a hardworking, God fearing American.

Though you’re limited on coverage amounts and policy options, you can still get quality life insurance. But do you really need it?

Do I Need Life Insurance if I’m 75, 76, 77, 78, 79, or 80 Years Old?

Not all seniors need life insurance, but most find they need at least some coverage. If you have enough savings and assets to cover your end-of-life expenses, final debts, and funeral, you might not need life insurance seniors over 75.

But if you’re one of the many seniors who can’t afford to pay for your funeral or final bills, you need life insurance.

If you don’t get life insurance, what’s the alternative? Your kids, grandkids, or other loved ones would end up having to pay for your funeral and last debts. 

The average funeral with burial and viewing is almost $9,000. Social security only pays $255 towards your burial, which barely makes a dent in the total cost. 

At a time when your family and friends should be celebrating your life and mourning your loss as you move on to meet the Good Lord, the last thing you want is to burden them with your final expenses.

A great way to lift that burden is through life insurance.

How Much Life Insurance Do I Need if I’m 75, 76, 77, 78, 79, or 80 Years Old?

The good news is, most seniors need just a small amount of life insurance for their final expenses. Life insurance for seniors over 80 years old is easy to find when you work with a company like Final Expense Direct.

Not sure how much life insurance you need if you’re 75, 76, 77, 78, 79, or 80 years old? We can help you figure out how much you need and do the shopping for you. Final Expense Direct is an independent agency broker, working with multiple life insurance companies to help you find the best price for the life insurance you need.

So don’t worry if you aren’t sure how much coverage you need. Just call us and one of our agents will help you.

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What Life Insurance Policies Can I Buy if I’m Over 75?

There are two types of life insurance you can buy: term and permanent. Getting term life insurance for seniors over 75 is pretty much impossible. 

Term insurance offers temporary coverage for a certain amount of years. The length of time you qualify for depends on your current age and your mortality risk, or life expectancy. With seniors in this age group so close to life expectancy, term 80 life insurance won’t be an option.

Luckily, there’s a better option. Permanent whole life insurance called final expense insurance is the best option for life insurance for 80 year old, older or younger. 

Also called funeral insurance or burial insurance for seniors over 80, this type of life insurance locks in rates at your current age. The price never goes up and the coverage never goes down — unless you go with a company like Colonial Penn

At Final Expense Direct, we work with the best final expense companies to provide affordable life insurance for 80 year olds, even if you’re 75, 76, 77, 78, or 79. Getting a life insurance policy for seniors over 80 doesn’t have to be hard or time-consuming, especially when you work with Final Expense Direct. 

Our agents work directly with you to help you find the coverage you need based on your age and health. And we can also help adult children get life insurance for elderly parents over 80, too. 

Is There Life Insurance for Seniors Over 75 No Medical Exam?

Yes, seniors over 75 can get life insurance with no medical exam. There is also life insurance over 80 no medical exam. 

When you buy life insurance over 80, it’s expected that you might have health issues. Depending on your health status, you might qualify for a simplified issue burial insurance policy. This policy has a few health questions, but no medical exam.

If you have a few pre-existing conditions or are in poor health, your best option is guaranteed issue final expense life insurance for people over 80. There are no health questions or medical exam for this policy. You are guaranteed to be approved for this policy!

What is the Cost of Life Insurance for 75, 76, 77, 78, 79, and 80 Year Old?

The cost of life insurance depends on your age, coverage amount, and health status. The best company for you depends on these factors as well. By calling Final Expense Direct, you can find out what company has the best policy for your individual needs and health.

Learn more about the companies we partner with at Final Expense Direct:

And find out why we don’t partner with these popular final expense funeral insurance companies:

The costs below are non smoker sample rates for $10,000 life insurance for 75 year old woman and life insurance for 75 year old man. Rates are also available for ages 76, 77, 78, 79, and 80.

Cost of Life Insurance for 75 Year Old

Company

Male

Female

Mutual of Omaha

$100

$72

Liberty Bankers

$100

$76

Prosperity

$114

$80

Baltimore Life

$111

$87

American Home Life

Pioneer American

$138

$99

AIG*

$139

$107

Great Western*

$159

$139

*These carriers offer guaranteed issue life insurance with no health questions

Cost of Life Insurance for 76 Year Old

Company

Male

Female

Mutual of Omaha

$107

$77

Liberty Bankers

$109

$81

Prosperity

$121

$83

Baltimore Life

$120

$94

American Home Life

Pioneer American

$150

$109

AIG*

$160

$120

Great Western*

$172

$149

*These carriers offer guaranteed issue life insurance with no health questions

Cost of Life Insurance for 77 Year Old

Company

Male

Female

Mutual of Omaha

$114

$82

Liberty Bankers

$118

$87

Prosperity

$127

$86

Baltimore Life

$129

$102

American Home Life

Pioneer American

$162

$119

AIG*

$181

$133

Great Western*

$185

$159

*These carriers offer guaranteed issue life insurance with no health questions

Cost of Life Insurance for 78 Year Old

Company

Male

Female

Mutual of Omaha

$121

$87

Liberty Bankers

$127

$94

Prosperity

$134

$90

Baltimore Life

$138

$109

American Home Life

Pioneer American

$174

$129

AIG*

$202

$146

Great Western*

$198

$169

*These carriers offer guaranteed issue life insurance with no health questions

Cost of Life Insurance for 79 Year Old

Company

Male

Female

Mutual of Omaha

$126

$92

Liberty Bankers

$136

$100

Prosperity

$140

$93

Baltimore Life

$145

$117

American Home Life

Pioneer American

$186

$139

AIG*

$224

$160

Great Western*

$211

$179

*These carriers offer guaranteed issue life insurance with no health questions

Cost of Life Insurance 80 Years Old

Company

Male

Female

Mutual of Omaha

$132

$98

Liberty Bankers

$146

$109

Prosperity

$148

$98

Baltimore Life

$156

$125

American Home Life

Pioneer American

$197

$148

AIG*

$246

$175

Great Western*

$223

$190

*These carriers offer guaranteed issue life insurance with no health questions

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FAQs Life Insurance for Seniors 75, 76, 77, 78, 79, and 80 Years Old


How Much is AARP Life Insurance a Month?

The cost of AARP life insurance a month depends on the type of policy, coverage amount, your age, and health status. If you’re buying AARP life insurance for seniors over 80, you can get simplified issue final expense insurance with health questions or guaranteed issue final expense insurance with no health questions. Find out why we don’t recommend AARP life insurance and who we recommend instead.

What is the Best Life Insurance for Seniors Over 80 No Medical Exam?

The best life insurance for people over 80 with no medical exam is final expense insurance. It offers lifetime coverage with locked in rates. If you qualify for simplified issue funeral insurance, your beneficiary gets the full death benefit no matter when you die. If you only qualify for guaranteed issue burial insurance, they may only get part of the death benefit if you die in the first two years of the policy. 

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