Top 4 Life Insurance For Seniors

senior couple looking over life insurance policy

If you’re an older individual with a need for life insurance, you might think that your options in that regard are limited. Truth is, though, that even if you’re well into your golden years and spending your days at assisted living in Lakewood, there are insurance products available for individuals in your age range. 

There are so many options, in fact, that you might need a bit of help narrowing them all down, Read on, and learn about some of the best plans for seniors that are available today.

Mutual Of Omaha

If you’re looking for an all-around great standard term policy, Mutual of Omaha is a pretty good choice. They also have above-average offerings for various kinds of specialty policies as well, which brings us to the major strength of this insurance provider — flexibility.

They’ve got a wide range of policies — term insurance, whole life insurance, etc. —  and those policies are available for individuals up to 85 years of age. What’s more, they even provide coverage against specific ailments, like cancer, heart attack and stroke insurance.

These factors combined make them a great first choice when you’re researching insurance options, just as long as you’re comfortable with the fact that you’ll likely need to purchase larger policies from this provider directly through an agent.

New York Life

If you’re looking for an insurance company with experience and staying power, you’ll find that with New York Life. They’ve been around since 1845, and they’re still going strong with their term, whole life, and universal life insurance policies.

In regards to that whole life policy, it’s available for individuals up to age 90. Their term life policies are available for those up to age 75, so if you were worried that being beyond retirement age might be an impediment to getting a policy, you can rest easy.

Principal Life

If you’re planning on getting life insurance as part of your estate planning measures, you’d do well to take a look at Principal Life as one of your first options.

They’re a leader when it comes to permanent life insurance options like universal life, indexed universal life, variable universal life, and survivorship insurance. They’ve also got experience dealing with large policies — the types that run several hundred thousands dollars and beyond.


Sometimes you need things done quickly, and if that’s your view on life insurance, you’ll want to check out Transamerica. They’re known for helping seniors up to age 85 purchase policies expediently, and even though most of their policies require medical exams, they know how to get the process moving without too many extraneous hurdles.

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