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 $34/mo at 50–54, $54/mo at 65–69 and $108/mo at 80+ (median of real policies, women). No medical exam, available to age 85.
Senior life insurance rates by age (2026)
Medians of real purchased policies (all health classes), July 2024 – July 2026. 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 |
Looking beyond burial coverage? Our sister comparison service publishes real placed-policy rates for larger life insurance plans for seniors — including the $25,000–$50,000 whole-life tiers most buyers choose.
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 real purchase data from our own systems (policies bought through our partner carriers) — 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.