Senior life insurance for seniors
"Senior life insurance" almost always means small whole-life final expense coverage — enough to pay for a funeral and final bills, with no medical exam and a rate that's locked in for life. Here's what it costs and how it works.
Senior life insurance is whole-life coverage of roughly $5,000-$25,000 that pays out fast for final expenses. For $10,000, seniors pay about $17/mo at 50, $31/mo at 65 and $54/mo at 80 (female non-tobacco). No medical exam, available to age 85.
Senior life insurance rates by age (2026)
Real $10,000 whole-life monthly premiums from our book, non-tobacco. Toggle gender.
| Your age | Monthly premium | Annual |
|---|
Whole-life final expense coverage — premiums never increase and it never expires. Tobacco users pay 30-50% more.
How senior life insurance works
Whole life, not term
Coverage never expires and the premium never rises — unlike term policies that get expensive or end just when seniors need them.
No medical exam
Issued on health questions alone. Guaranteed-issue plans ask no health questions at all, for ages 50-85.
Pays out fast
Benefits are typically paid within days, so family can cover the funeral and final bills without dipping into savings.
Best senior life insurance companies
| Carrier | Issue ages | Waiting period | Best for |
|---|---|---|---|
| Mutual of Omaha | to 85 | Day one | Healthy seniors |
| Colonial Penn | to 85 | 2 yrs (GI) | Any health |
| Aetna / Accendo | to 89 | Day one | Higher coverage |
| Gerber Life | to 80 | 2 yrs (GI) | Guaranteed accept |
Frequently asked questions
What is senior life insurance?
How much does life insurance for seniors cost?
Can seniors get life insurance with no exam?
What's the best age for a senior to buy?
See your senior life insurance rate
Free, no exam, no obligation — locked in for life. Takes 60 seconds.
Related guides: cost by age · over 65 · best carriers · no-exam plans
About these figures: the premiums and averages shown are estimates based on our own placed-policy data (our internal systems) — not official carrier-published quotes. Your actual rate depends on age, gender, tobacco use, health and coverage amount, and is confirmed by the carrier at application.