Final Expense Insurance

Life & Burial Insurance For Seniors Over 80 Does Exist. Here Are The Facts.

Burial Insurance For Seniors Over 80

Yes life insurance for senior citizens over 80 does exist.

In fact, coverage with no waiting period is still possible even at this age.

In this guide, we’ll lay out all your options, low cost companies, quotes, how to qualify and explain the application process.

Article Quick Navigation Links

  1. Policy Options
  2. Coverage Limits
  3. Age 80-89 Quotes
  4. How To Get No Waiting Period
  5. Low Cost Companies
  6. Over Age 85 Options
  7. Offers Over 80 To Avoid
  8. Getting The Best Plan Over 80
  9. The Cost Of A Funeral
  10. How To Apply
  11. FAQs


For Life Insurance For Seniors Over 80 There Is Only 1 Option

First and foremost, yes life insurance for seniors over 80 does exist.

As you may or may not know, the term “life insurance” is very broad. There are many different types.

Here’s the truth.

Whole life coverage is the only type of life insurance for people over 80.

After age 80, it’s all whole life no matter what company you’re dealing with. If you read or hear otherwise (some websites will falsely claim other types exist), you are being lied to.

Here’s how an over 80 life policy will work:

  • Premiums are fixed and cannot increase
  • Coverage guaranteed to never decrease
  • Policy can’t expire due to age
  • Builds cash value that you may borrow from

Since it’s life insurance, the end result will be a tax free cash payment directly to your beneficiary(s).

Technically the money can be used for anything. There are absolutely no restrictions how the money is spent.

Paying for a funeral? Great great because no funeral home will refuse cash.

Paying off a bill of some kind? Great because no debtor will refuse cash.

We think you get the point by now. Cash is king and that’s exactly what an over 80 life policy will provide!

If there happens to be money leftover, it will remain with your family to use as they see fit.


What about final expense or burial insurance?

Anytime you hear the words “burial insurance”, “final expense”, or “funeral insurance”, know that all these labels mean the same thing.

It’s all still life insurance.

Final expense for seniors over 80 is just a whole life policy.

There is no type of insurance for burial expenses that is not life insurance.


How Much Can You Buy At This Age?

Understand that your exact options depend on your age, state of residence and health.

Having said that, $2,000 is generally the minimum amount of senior life insurance over 80 that someone could buy.

On the opposite end of the spectrum, $100,000 in coverage is generally the maximum (and it wouldn’t be cheap).

Keep this in mind…

To get to higher amounts of coverage ($50K and up) you may need to buy multiple policies from mulitple companies (which is okay to do).

In case you didn’t know, every insurance company has a minimum and maximum amount of coverage they will issue on any one individual.

For the over 80 crowd, most carriers max out at $15-$40k. That’s why if you want a higher amount of coverage you’ll likely need to buy more than one policy.


Life Insurance Quotes For Seniors Over 80

Below you’ll see some actual burial life insurance quotes for the elderly over 80.

Please keep in mind the following as you view these rates:

  • Eligibility is based on your health, state of residence, gender and health.
  • Females in Montana will pay males rates due to a MT state law.
  • You may have any amount of coverage you’d like. You aren’t limited to these options. Use the quote tool on this page to see prices for any face amount you desire.
  • These are no tobacco rates. If you smoke cigarettes, you will pay more.

Female Prices

*** Rates always stay the same & the policy never expires ***


Male Prices

*** Rates always stay the same & the policy never expires ***



How To Get No Waiting Period Life Insurance Policies For Seniors Over 80

It’s possible to get a policy that has immediate coverage even for folks in their 80’s.

Here’s the only way to do it…

To get no waiting period coverage, you must apply with an insurance company where you answer questions about health and are accepted. Also, you must apply via an agent. You cannot get no waiting period coverage by dealing directly with the insurer.

You don’t have to take an exam, but you do need to complete a health questionnaire.

There are no exceptions to this rule.

Any policy from any company where they do not ask about health will always have a 2-3 waiting period.

Understand that some websites will flat out lie to you about this to get you click or call them.

It’s sad but true. They only do this to make money (they get paid when you call or click on their “get quotes” button).

Again, you must apply with a company where you’re answering health questions and are subsequently approved.

You might be wondering…

Why do you have work with an agent versus dealing directly with the insurance company?

Plans that have health questions are only sold via licensed agents. They do not offer these plans direct.

With that in mind, if you ever deal directly with the insurance company (without talking to an agent), it will be a guaranteed acceptance plan that has no health questions.

Again, guaranteed issue plans with no health questions don’t have immediate coverage. They all have a 2-3 year waiting period clause (no exceptions).

If you want immediate coverage, call us at 1-800-644-2926 and one of our friendly agents will figure out if it’s possible in less than 60 seconds.


Get Affordable Life Insurance For Seniors Over 80 Years Old From These Companies

Some companies won’t accept new applicants who are 80 and above.

But not these companies…

Below is a list of all the companies that offer final expense life insurance to seniors who are over 80.

You see quotes from any of these companies by using the quote tool that is on this page


1) Mutual of Omaha

Burial Insurance Over 80

  • New Applicant Age Availability: 45-85
  • State Availability: All States Except NY
  • 80+ Face Amount Limits: $2,000-$40,000
  • 2 Year Waiting Period: No (subject to underwriting approval)
  • How To Apply: Via licensed agencies such as Choice Mutual. It’s not sold direct.

Mutual of Omaha final expense life insurance is the least expensive company for seniors over 80. If you’re able to qualify for their plan, jump on it because you won’t find a better deal elsewhere!

Please note, that if you call Mutual of Omaha directly they will have a different policy they’ll offer you. It will cost more and have a two year waiting period.

This policy they sell is only sold via agencies such as Choice Mutual.


2) Royal Neighbors of AmericaBurial Insurance Over 80

  • New Applicant Age Availability: 50-85
  • State Availability: All States Except AK, AL, HA, LA, MA, NH, NY
  • 80+ Face Amount Limits: $5,000-$25,000
  • 2 Year Waiting Period: No (subject to underwriting approval)
  • How To Apply: Via licensed agencies such as Choice Mutual. It’s not sold direct.

Having been in business for over 130 years, Royal Neighbors of America has a stellar track record as a very stable insurance company. They probably have the most relaxed underwriting for any burial insurance plan on the market.

In addition to their ultra liberal underwriting, they also offer excellent pricing for folks 80 and older.


3) Aetna

Burial Insurance For Seniors Over 80

  • New Applicant Age Availability: 45-89
  • State Availability: All States Except AK, CA, CT, HI, MD, ME, DC, NY, VT, & WA
  • 80+ Face Amount Limits: $3,000-$25,000 ($10k Max above 85)
  • 2 Year Waiting Period: No (subject to underwriting approval)
  • How To Apply: Via licensed agencies such as Choice Mutual. It’s not sold direct.

Aetna offers great underwriting that accepts many different health issues. Not to mention their policy has competitive pricing for this age bracket.

They are incredibly unique because they insure seniors over 85.


4) Transamerica

  • New Applicant Age Availability: 45-85
  • State Availability: All States
  • 80+ Face Amount Limits: $1,000-$25,000
  • 2 Year Waiting Period: No (subject to underwriting approval)
  • How To Apply: Via licensed agencies such as Choice Mutual. It’s not sold direct.

Transamerica is a pretty well known name in the insurance industry given how long they’ve been around.

Their final expense product will accept some very serious health issues that other companies would outright decline.

They aren’t the cheapest but they are fairly close to what other companies charge seniors over 80 for life insurance.


5) Foresters Financial

  • New Applicant Age Availability: 50-85
  • State Availability: All States
  • 80+ Face Amount Limits: $2,000-$15,000
  • 2 Year Waiting Period: No (subject to underwriting approval)
  • How To Apply: Via licensed agencies such as Choice Mutual. It’s not sold direct.

While not a household name, Foresters is a very financially sound insurance company.

Their life insurance over 80 will accept lots of health issues while being on par with what other carriers charge.

They also give each policy holder access to free member benefits at no extra charge.


6) American Amicable

  • New Applicant Age Availability: 50-85
  • State Availability: All States Except CT, ME, MT, NH, NY, VT
  • 80+ Face Amount Limits: $2,500-$20,000
  • 2 Year Waiting Period: No (subject to underwriting approval)
  • How To Apply: Via licensed agencies such as Choice Mutual. It’s not sold direct.

Commonly known as “AmAm”, they are another great company that combines competitive pricing with lenient underwriting.

Their plan also allows you to add on a few different optional riders for a only a few dollars extra.


7) Americo

  • New Applicant Age Availability: 50-85
  • State Availability: All States Except CT, ME, MT, NH, NY, VT
  • 80+ Face Amount Limits: $3,000-$30,000
  • 2 Year Waiting Period: No (subject to underwriting approval)
  • How To Apply: Via licensed agencies such as Choice Mutual. It’s not sold direct.

Americo has some very unique underwriting that allows for many applicants to qualify for immediate coverage where other companies would impose a waiting period.

Their rates are higher than most but that’s only because they accept some health issues other carriers do not.


8) AIG

  • New Applicant Age Availability: 50-85
  • State Availability: All States Except ME, NY, & PA
  • 80+ Face Amount Limits: $2,000-$25,000
  • 2 Year Waiting Period: Yes
  • How To Apply: Via licensed agencies such as Choice Mutual or via AIG Direct (No difference if you buy from them directly)

AIG’s policy is guaranteed issue which means you cannot be turned down due to your health (which is why there is the 2 year waiting period).

Only those with some very high risk health issues should buy AIG’s policy. For those who need it, thankfully it’s there so you can still get coverage.


Companies That Issue New Coverage To Seniors 86-90

There are only two companies that will issue a new life insurance policy to someone who is older than 85.

You need to know the following going into this:

  • You must be in relatively good health. It’s very risky for them to take on applicants at this age, so they can’t afford to accept applications who have serious health issues.
  • $10,000 is most amount of coverage each of these companies will offer to applicants who are 86+.


AetnaBurial Insurance For Seniors Over 80

Most people associate Aetna with health insurance. It’s understandable given the fact that they are one of the largest providers of health insurance in the world.

Aetna has a subsidiary company called American Continental Insurance Company. This company is the one of the two that issues final expense life insurance to folks who are older than 85.

If you’re between 86-89, we can help you buy coverage with Aetna. Call us at 1-800-644-2926.


Security National Life Burial Insurance For Seniors Over 80

Although they are no where as renown as Aetna, SNL is still a very secure and reputable life insurance company.

Moreover, they are the only other carrier that will touch an applicant who is older than 85.

Even more, they are the only one who will issue new coverage to a 90 year old! Aetna stops at 89.

The downside with SNL is they require an agent to physically meet you in order to apply. This is why we don’t represent them.


Watch Out For These Offers For Life Insurance Over 80 Years Of Age

There are many insurance organizations that are tripping over themselves to sell bottom of the barrel senior life insurance over 80 policies to anyone who will buy without doing their research. The reason they do this is simple.

At 80, they know you are probably very willing to take an offer simply because of your age. They are banking on you expecting to not qualify.

Then they come along with these nice “offers”, and boom you scoop it up thinking it’s the best thing since sliced bread.

If you receive any of these “offers”, run because 99% of the time there are much better options available.


Anything through the mail

Anyone who is age 50 and up will forever receive offers via mail to buy life insurance where your acceptance is guaranteed.

While this sure sounds nice, it comes at a big cost.

If you buy a life policy for someone over 80 via mail, it will always have a 2-3 year waiting period. Also, it will almost certainly cost much more compared to buying a policy through a licensed agent.


Colonial Penn

Everyone knows of Colonial Penn because Alex Trebec is featured in their commercials. Sadly, just because they have Alex as the face of their company does not mean their life insurance is superior.

In fact, the opposite is true.

For seniors over 80, Colonial Penn plans all have three major drawbacks:

  1. There is a mandatory two year waiting period
  2. It’s very expensive relative to other options out there.
  3. They won’t allow you to buy hardly any amount of coverage (you can’t even buy $10k).

Simply put, there is no scenario where someone in their 80’s should buy Colonial Penn coverage for those three reasons.

There are significantly better options available from dozens of other insurance companies.


Lincoln Heritage

Lincoln Heritage is a big player in the final expense insurance business. They advertise on TV, through the mail and online.

While they have done a very good job selling a lot of insurance, it’s not because it’s the best out there.

There’s two big reasons why you wouldn’t want to go with Lincoln Heritage if you’re trying to find life insurance for someone who is age 80 or more.

  1. Even for healthy folks, their coverage costs much more compared to other insurers.
  2. Their underwriting is not favorable. Many seniors with common health issues are forced into their plan that is incredibly expensive and has a two-year waiting period.

You can see their prices here along with their underwriting if you want further proof.


AIG Direct

Make no mistake, AIG is a great company. In fact, we represent them.

However, AIG’s final expense insurance for elderly seniors over 80 is guaranteed acceptance. If you’re dealing with AIG directly, then this is what they’re offering you.

That means there is no health questionnaire to fill out because your acceptance is guaranteed.

It has a two-year waiting period and is quite expensive.

While these plans do have their place, nobody should default to them. You should always try to secure a plan that has immediate coverage first. If that isn’t possible that’s when a guaranteed issue plan like this is appropriate.


Mutual Of Omaha Direct

Mutual of Omaha is another great insurance company. Like AIG, we also represent Mutual of Omaha.

The thing to understand is that whenever you deal with Mutual of Omaha directly, you are dealing with their no health question plan.

That means it has a two-year waiting period and in most cases is more expensive compared to a plan with health questions.

The Mutual of Omaha Living Promise immediate coverage plan is only sold via licensed agencies such as Choice Mutual.

It has health questions which means that if you’re approved it comes with immediate coverage. Also, it will generally costs less than their no health question plan.

Now understand this.

Mutual of Omaha does not sell their immediate coverage plan direct. It’s only sold via licensed agencies.

Mutual of Omaha direct only sells a no health question guaranteed acceptance plan that has a waiting period.


How To Find The Best Burial Insurance For Seniors Over 80

If you want to get the best price on a funeral policy for over 80, you have to find which company is most accepting of your health issues.

We say this because it’s extremely common for folks this age to have dealt with some serious health conditions.

For example, blood thinners are unbelievably common especially at this age.

There are many burial insurance companies that will charge you a higher premium (or decline you) because of a prescription for Plavix, Warfarin, or Coumadin.

Ultimately, the goal is to identify a list of final expense companies that sell life insurance for the elderly over 80 that have absolutely no issue with any of the medications you take or any of your health issues.

Once you have that list, it’s just a matter of selecting whichever company is cheapest.

Here’s the thing you must understand…

It’s just not possible for you, the consumer, to determine which carriers will approve you and which ones won’t. Only a licensed agent can do that.

To find the best burial insurance for seniors over 80, you must consult with an experienced final expense agency that represents multiple insurance companies.

An independent agent will collect some basic information about your health so they can determine which companies will approve you.

Once they have the list of all the companies that would approve you, they’ll recommend which one will offer the best rates.


Choice Mutual can help

If you need over 80 senior life insurance, we can help you.

Choice Mutual is a nationwide independent agency that represents over 15 different insurance companies, and our sole focus is final expense life insurance for seniors.

We will shop the market for you to find you the best deal possible.

Look below at what our customers say after working with us.


If you would like some hassle free help, give us a call at 1-800-644-2926. We will assess your situation and compare offers to find you the best deal.


How Much Does A Funeral Cost?

If you’re looking for coverage just to ensure end of life costs are paid for, then it makes sense to ask how much does a funeral cost?

The truth is, they cost a lot!

According to the NFDA, the median cost of a funeral is $8755 which includes a vault.

That’s a hefty bill.

Cremations are cheaper, but even those aren’t cheap. The average cremation in 2019 is $6,260 (which includes the service itself).

Final funeral costs are important to consider when you are getting life insurance quotes for seniors over 80.

Assuming you can afford it, you ideally want to purchase as much coverage as needed to pay for the services you desire.


Other end of life costs to consider

Outside of the cost of the funeral itself, there are other bills might need to be taken into account.

Here are just some examples you should consider when preparing for end of life costs.

  • Credit card debt
  • Medical bills
  • Body transportation
  • Travel expenses for out of town relatives
  • Income loss

In an ideal setting, you will be able to afford as much coverage as it takes to pay for all costs that might occur upon your passing.

However, if your budget will not allow you to buy all the coverage you want, buy what you can afford.

Something is better than nothing.

It’s extremely important to choose a plan that has a comfortable monthly payment. Funeral life insurance for over 80 is no different than health, home, or auto insurance.

Your coverage is only good as long as you can make your monthly payments.


How To Apply For Life Insurance For Over 80 Years Old

Applying for coverage in your 80’s is super simple. In fact, it’s no different than if you were in your 50’s, 60’s, or 70’s.

There is no money due at the time of the application. The insurance companies allow you to decide when your payments begin.

Ultimately, the first step you must take is to contact an independent broker that has free access to multiple insurance companies that are well suited for life insurance seniors over 80.

Whether you contact us or another agency, it’s generally a three step process.

  1. Gathering health data and filling out the application
  2. Submitting the application for approval
  3. Wait for the approval

Every agency will do things differently, but here’s how it works with us.

Burial Insurance For Seniors Over 80


Step# 1

We’ll begin by finding out about your health (or for whoever you are shopping for). Once we know about the health of the proposed insured, we can identify which companies would offer the best burial life insurance for senior citizens over 80 given all the conditions you may deal with.

Please remember this because it’s huge.

There are policies that have no health questions, and they are available to the elderly over 80. However, these policies almost always cost much more, and they won’t pay out benefits if you die within the first 24 months.

To get the best rates and immediate coverage, you must apply with a company that asks about your health.

This is why we begin by finding out about your health. Our goal is to match you with companies that do ask health questions and approve you.

This way you’ll pay less and have coverage that doesn’t have a two year waiting period.


Step# 2

Once we know which companies look at your health the best, we will pull quotes from each of the insurers. Then we would communicate the prices with you, so you can decide which company you want to go with, and how much coverage you prefer.

Generally, we recommend going with whichever life insurance company is offering the lowest rate. However, the decision is yours regarding which company we apply with.


Step# 3

Once you have selected a plan, it’s time to apply. We would begin by going over the formal health questions that the insurance company will ask. After that we would fill out the entire application with you, so we can submit it to the insurance company.


There are three options regarding how you sign the application. The process will vary with each company. With that, here are the three options.

  • Website signature
  • Voice signature
  • Email signature

Regardless of which method the insurance company has in place, there are no medical exams, no papers to fill out, and no agent who will invade your private space.


Website Signature

In this scenario, we would completely fill out your application with you. Then you’ll log on to our website with an access code that we’ll give you.

You type in your code which will display your application for you to review. Then you just click a button to sign it and you’re done.

At this point, it will be 1-3 business days before we get the approval or denial.


Email Signature

There are some companies that have an e-signature process where the entire application is signed via email.

Once we have the application filled out with you, you get an email from the insurance Burial Insurance For Seniors Over 80company to sign it. You click on a link in the email which brings up your application. Then you just click a couple buttons to sign it which will submit it to the insurance company.

Companies that use an email signatures generally come back with a decision within a few business days.


Voice Signature

Some insurance companies have a complete voice signature process where the application can be completely taken and signed entirely by voice.

Essentially, once we have the application filled out with Burial Insurance For Seniors Over 80you, we conference in the insurance company for a three way call. They confirm all the information about the proposed insured, ask the health questions, and obtain some authorizations.

In general, companies that utilize a voice signature process will give you a final decision regarding your eligibility by the end of the call. These calls usually take anywhere from 15-20 minutes to complete.


What to expect after the application

After we have secured your approval, two things will happen.

  1. We send you a welcome packet.
  2. The insurance company you applied with mails you the actual policy that will arrive at your house within 1-2 weeks.

We always send clients a welcome packet that has your agent’s business card, a summary of your coverage and some information on the insurance company.

We send this out immediately, so you would receive it within four Burial Insurance For Seniors Over 80business days.

The policy itself is usually mailed out right away by the insurer. It’s very uncommon for these insurance companies to not send the policy the moment you are approved. You should expect to receive your policy within 10 business days.

Once you get the policy, we urge you to read it and check to make sure nothing is misspelled. If there is anything that needs to be corrected, call us and we will fix it immediately. At the same time, if you have any questions about what is written in your policy, we encourage you to call us, so that we can resolve your questions.

At this point, you don’t need to do anything but store your policy somewhere safe and prepare for your first payment on whatever day you selected.

There is nothing you need to sign and send back.

You can rest easy now because you’ve taken the necessary steps to ensure your funeral expenses never become a financial burden on your family.


Frequently Asked Questions

Below are some of the most common questions we’re asked as it pertains to life insurance for seniors over 80 years old.

If you have a question that is not answered here or somewhere else in this article, email us your question. The email to send it to is info @

We’ll post your question with the answer within three business days.


Q: Can you get term life for seniors over 80?

A: Term life for seniors over 80 does not exist. It’s not available due to the average life expectancy of a U.S. citizen.

It’s just too risky for a life insurance company to offer term life insurance at this age. You can only get whole life insurance when you’re 80 and older.


Q: Can you get life insurance over 80?

A: Yes you can get a new life policy when you’re over 80. Whole life insurance is the only option and there are many insurance companies avaiable.

Coverage amounts and premiums depend upon your age, gender, health and resident state.


Q: Is there life insurance over 80 with no medical exam?

A: Yes there is no medical exam life coverage over 80. In fact, most life insurance policies at this age do no require a medical exam.

Some don’t have any health questions where your acceptance is guaranteed.


Q: Can you buy life insurance for elderly parents over 80?

A: You can purchase life insurance on your parents at any age. Your parents or grandparents will need to consent to the policy, but you can be the owner, payer and beneficiary if they agree to it.

Buying life insurance for mom or dad is quite common.


Q: Does life insurance over 80 always have a waiting period?

A: Some policies at this age have a waiting period and some do not. To get one without a waiting period, you’ll need to medically qualify.

Most seniors who are 80+ can get a policy that has no waiting period.


Q: Does AARP have life insurance over 80?

A: No they don’t. AARP whole life insurance issued by New York Life stops taking new applicants at age 80. If you’re over 80, they cannot help you.