Just want to see quotes on life insurance for 89 year olds? Use the quote tool on this page, and you’ll instantly see prices from companies available at this age.
Wondering if life insurance for someone who is 89 is even possible?
Yes it is possible and no we’re not putting you on.
Granted, there are VERY FEW options, but it can be done.
Keep reading to learn all the details or click on a link below to skip to a specific section of the article.
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- What Options You Have At Age 89
- 89 Year Old Quotes
- Medical Underwriting Criteria
- How To Submit An Application
There are many different kinds of life insurance.
Just know this.
For an 89 year old, whole life insurance is the only kind available.
Truthfully, whole life coverage is the only kind of life insurance for folks in their 80’s.
So if you buy a policy at this age, here’s how it will work:
- Prices can’t increase ever
- Coverage can’t ever decrease
- Policy lasts forever and can’t expire
As you can see, these plans are quite simple to understand.
Since it’s life insurance, the policy will simply pay out a tax free cash benefit to your beneficiaries. What they do with that money is up to them.
There are no restrictions how the money is used. The policy paying out cash is ideal because every single funeral home in America will take cash.
Should your family have money leftover after they pay off final expenses, they get to keep the remaining amount.
Let’s Talk About Waiting Periods
What many people want to know about final expense insurance for 89 year olds is if there is a two year waiting period or not.
Well there isn’t.
At this age, the companies that offer coverage will only approve someone for their immediate benefit plan. They don’t offer plans that have a waiting period.
So again, if you are approved for a life policy at 89, it won’t have a waiting period. However, the policy will still have the incontestability clause (all life insurance companies have this clause).
Below you will burial insurance rates from Aetna. They offer age 89 life insurance coverage.
As you browse these prices, we encourage you keep these things in mind:
- All prices are subject to formal underwriting approval.
- These rates are for a no waiting period immediate benefit policy.
- Aetna does not have this plan approved in every state.
- In Montana, females will be priced at whatever males pay.
- You are not relegated to only these face amount options. With that, the most you can buy is $10,000.
- The prices are on the high side because you’re 89. At this age, you’re well beyond the average life expectancy. The insurance company must charge this much to cover the enormous risk they are absorbing.
GENDER & RATING $5,000 $10,000 $15,000 $20,000
Female No Waiting Period $139.39 $275.27 $411.16 $547.05
Female Tobacco & No Waiting Period $193.59 $383.69 $573.78 $763.87
Female Guaranteed Acceptance N/A N/A N/A N/A
Male No Waiting Period $180.51 $357.52 $534.54 $711.55
Male Tobacco No Waiting Period $287.87 $572.25 $856.62 $1141.00
Male Guaranteed Acceptance N/A N/A N/A N/A
You won’t need to take a medical exam as part of the application.
All you must do is answer some health questions (listed below).
Outside of the health questions, Aetna will take a look at your prescription history. The way they do this is just like how car insurance companies check your driving record.
It’s done electronically and takes them about two minutes. You won’t need to go to your pharmacy or doctor to get your medication history.
They’ll care of it 😊
To qualify for life insurance at 89, you must be able to say no to all the health questions below.
If your health would dictate a yes answer to any of these, you will be declined.
Also, Aetna will be on the lookout for any medications in your past that would suggest treatment for these conditions.
Bear in mind as you read these, many of them are tied to a specific period of time.
1) Right now are you:
- In a hospital, nursing home, hospice or other medical facility?
- Confined to a bed?
- Using oxygen?
- Have an aneurysm that hasn’t been fixed via surgery?
2) Have you ever had:
- Been advised to have a stem cell, bone marrow or organ transplant?
- Had dialysis from renal disease?
- Dementia, Alzheimer’s Disease,
- A mental incapacity?
- Lou Gehrig’s Disease (ALS)?
- Been told you have 12 months or less left to live?
- AIDS, HIV, or any AIDS related complex?
- Diabetes prior to age 40?
- Diabetes along with a heart condition or circulatory condition (excluding high blood pressure)?
- Used more than 40 units of insulin daily?
- Parkinson’s disease?
- Congestive heart failure?
- Permanent paralysis of any part of your body?
- Part of your body amputated due to a disease?
- Require a mechanical mobility device or wheelchair?
3) In the last 12 months have you had:
- Stroke or mini stroke (TIA attack), valve disorder, blockage, or heart attack?
- Used a nebulizer for any lung condition?
- A lung condition while still using tobacco
- Any form of internal or external cancer (excluding basal cell), systemic lupus SLE, hepatitis, cirrhosis, or chronic pancreatitis?
- Treatment or counseling for the abuse of drugs or alcohol?
- Pending surgeries, diagnostic test or other procedures that haven’t yet been completed?
4) In the last 24 months have you had:
- Circulatory disorder, stroke or mini stroke, aneurysm or heart attack?
- COPD, chronic bronchitis, or emphysema?
- Any form of internal or external cancer (except basal cell)?
- Neurological conditions such as, but not limited to, multiple sclerosis, muscular dystrophy, cerebral palsy?
- Connective tissue conditions such as Crohn’s or ulcerative colitis?
Between age 86-89, there are just two life insurance companies in the nation that will offer coverage.
You can only purchase their coverage by working with an agency licensed to sell their products. You cannot buy it directly from them.
The first carrier is called Security National Life.
Full disclosure, we do not represent them. The reason we don’t is because they force their agents to meet with clients in their home in order to take an application.
It can’t be mailed or done remotely. Their agents must meet with people face to face.
We don’t operate that way. We assist all of our clients remotely via phone, email, and regular mail. At no point do we in person meet with our clients. You can maintain your privacy with us 😊
Should you want to apply with Security National Life, you’ll need to contact them directly.
The second company that offers life coverage at 89 is Aetna. They own a company called American Continental Life Insurance which is the actual company that issues the coverage.
We do represent Aetna and can assist you in applying with them.
You’ll need to speak with one of our agents to do so.
The best thing to do is call our toll-free number which is 1-800-644-2926. One of our agents will assist you from there.
Your other option would be to submit an application request via our website. Simply run quotes and then hit the apply button. Afterwards, one of our agents will contact you to take of everything.
When applying with Aetna, there are three possible ways we can actually submit an application.
Regardless of which process is utilized, we generally get an official underwriting decision from Aetna within 2-5 business days.
Once approved, you’ll get a printed policy in the mail in less than two weeks.
Below are the three processes.
Telephone Voice Signature
Your Choice Mutual agent would gather start by gathering all your information to fill out the whole application. After that, your agent will patch in Aetna to complete a brief phone interview. Basically, they’ll ask you the health questions and seek your authorization on a few disclosures. On that brief call, they will issue you a pre-approval or a notice of decline. In almost every scenario, a pre-approval will result in an official approval. The final step would be to obtain your voice signature. This voice signature will act as an equivalent to you physically signing the application. Once that’s done it gets submitted for formal processing.
Electronic Email Signature
Your agent would completely fill out the application with you over the phone. Then they would initiate a 3 way phone call with Aetna. Aetna would ask you the health questions that appear on the application and get your approval to a couple of disclosures. Once this is done, they’ll either let you know that you’ve been declined or pre-approved. To sign the application, Aetna would send you an email where you can sign it by clicking a few buttons. At that point, it would go to underwriting where we wait for it to be officially approved.
Via phone, your agent would collect your information to complete 100% of the application. At that point, we would mail you the completed application for you to sign and return to us. Once we get it, we would call you back so Aetna can complete a brief phone interview with you where they ask you the health questions and get your authorization to a couple of things. They’ll issue you a pre-approval or let you know that you’ve been declined. Assuming we get a pre-approval, we would submit it to underwriting and wait while they process it.