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

Kim Wilhelm CEO of Final Expense Direct Life Insurance

Written by Kim Wilhelm

CEO | Licensed Insurance Agent

CEO | Licensed Agent

Verified! See guidelines

Verified! See our editorial guidelines

Last Updated 25 Apr 2024

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?

ARTICLE TABLE OF CONTENTS (Skip to section)

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

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

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

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

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!

Also See: $50,000 of Coverage for $30/month from Globe Life: Fact or Fiction

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.