Whole Life Insurance Age 76
Are You Age 76 and Looking to Buy a Whole Life Insurance Policy?
If so, you’ve come to the right place. And you may find it to be easier than you expected.
If you’re age 76 you may be looking for life insurance coverage for any number of reasons.
Maybe you think you’re too old for life insurance, you’re worried about the medication you take, or a pre-existing health problem which may make it difficult for you to get insured.
If so, Mutual of Omaha is the best place to start. They offer guaranteed life insurance for individuals up to 85 years old without evidence of insurability.
That means, you are guaranteed approval for coverage if you are between the ages of 45 to 85.
Get a Free Life Insurance Quote
Whether you are in good health, take medication for high cholesterol or diabetes, or you have a chronic health problem that makes you uninsurable, you can get whole life insurance with guaranteed approval.
Common Reasons to Buy Whole Life Insurance at Age 76
There are many reasons seventy-six year olds may choose to purchase a whole life insurance plan.
- To provide money to cover your final expenses including burial and funeral costs
- To cover any outstanding medical bills or other debts
- To leave money for your spouse/partner, children or grandchildren
- To help fund your grandchild’s college education
Whatever your reason for buying whole life insurance, if you’re age seventy-six you can get insured.
Senior Whole Life Insurance Plans
- Whole Life Insurance – Offers guaranteed lifetime protection for your entire life no matter how long you live. Whole life builds cash value inside your policy, from which you may take a loan.
- Guaranteed Life Insurance – Guaranteed issue life insurance is available for people ages 45 to 85 (50-75 in NY). You cannot be denied coverage even if you have pre-existing health issues. You won’t have to take any medical exam and there’s no health questions asked.
What to Consider:
- Coverage Amount – How much life insurance do you need?
- Duration of Coverage – How long do you need life insurance to last?
- Budget – What can you afford to spend each month on your coverage?
- Health Exam – Do you want to take a health examination or not?
Level Premiums
Whole life policies usually come with level premiums each year for the life of your policy. However, make sure to ask whether or not your premium will ever increase.
Full Coverage Immediately
Also, ask about when you have full death benefit coverage. Some senior life insurance plans offer limited death benefits the first two years you are insured.
These are called "Graded Death Benefits", which means you don’t have full coverage until after the graded period ends – that’s usually after you have been insured for 2 years.
Features of Guaranteed Issue Whole Life Insurance for Seniors:
- People Ages 45 to 85 (50-75 in NY) Cannot Be Turned Down
- Up to $25,000 of Coverage
- No Medical Examination Required
- No Health Questions Asked
- Amount of Coverage Never Decreases
- 30 Day Money Back Guarantee
- Cash Value Builds Up Inside the Policy
- Loans Available from Cash Value
- Premiums Never Increase
Life Insurance Quotes
Top Pick – Mutual of Omaha
Mutual of Omaha offers guaranteed acceptance whole life insurance for people age 45 to 85. Choose $2,000 up to $25,000 of coverage. Rates start as low as $8.84 per month. There’s no medical exam and no health questions. You cannot be turned down. You can get a quote and apply online now. START HERE to get a FREE Quote.
Disclosure: Compensated Affiliate