Reaching 75 often brings new priorities. At this stage, mortgages may be paid off, children may be financially independent, and retirement income is the main focus. Yet one thing doesn’t change: planning for final expenses and financial security for loved ones.
Many families underestimate how costly it can be when someone passes away. Funeral expenses in the United States average $9,000 to $12,000, not including medical bills or small debts left behind. For seniors without savings set aside, this cost often falls on children or relatives.
This is where life insurance for seniors over 75 without a medical exam becomes important. It allows older adults to leave behind financial support without the stress of health exams or strict medical underwriting.
Key Takeaways
Seniors over 75 can still get life insurance without medical exams.
Main options include guaranteed issue, simplified issue, and final expense insurance.
Coverage is usually $5,000 to $40,000, designed for final needs rather than income replacement.
Premiums are higher, but policies remain accessible and valuable for families.
Comparing quotes is essential to finding the best value.
What Is Life Insurance With No Medical Exam?
Life insurance traditionally requires a medical exam to assess your health, including blood work, urine samples, and a physical check. Insurers use this to determine if you qualify and how much you’ll pay.
But for seniors over 75, this process can be difficult or even impossible due to age and existing health conditions. No medical exam life insurance solves this by eliminating those requirements. Instead, approval is based on:
Age
Basic information (gender, location, lifestyle)
A short health questionnaire (for some policies)
This makes coverage possible for seniors who might otherwise be declined.
Types of Life Insurance Available for Seniors Over 75
There isn’t just one option. Here are the most common types of no medical exam life insurance for seniors:
1. Guaranteed Issue Life Insurance
No health questions, no medical exam, 100% acceptance.
Coverage amounts usually range from $5,000 to $25,000.
Often used for final expenses, burial, and small debts.
Typically comes with a graded benefit period (payouts may be limited for the first 2 years unless death is accidental).
2. Simplified Issue Life Insurance
No exam, but you’ll answer a short list of health questions.
If you’re relatively healthy for your age, you may qualify for slightly higher coverage amounts (up to $50,000 in some cases).
Premiums are lower compared to guaranteed issue since insurers take less risk.
3. Final Expense Insurance
Specifically designed to cover funeral, burial, or cremation costs.
Small coverage amounts ($5,000–$20,000) with guaranteed acceptance in many cases.
Easy to qualify for, even with health issues.
4. Whole Life Insurance for Seniors
Lifetime coverage with cash value accumulation.
No medical exam versions exist, but coverage amounts may be limited after 75.
Premiums remain fixed.
How Much Does It Cost at Age 75 and Above?
Premiums depend on age, gender, type of policy, and coverage amount. Since age 75 is considered high-risk, expect higher monthly payments.
Here’s a rough idea of monthly premiums for a 75-year-old:
| Policy Type | Coverage Amount | Monthly Premium (Male) | Monthly Premium (Female) |
|---|---|---|---|
| Guaranteed Issue | $10,000 | $90 – $120 | $70 – $100 |
| Guaranteed Issue | $25,000 | $200 – $250 | $160 – $220 |
| Simplified Issue | $20,000 | $110 – $150 | $90 – $130 |
| Final Expense | $15,000 | $80 – $120 | $65 – $100 |
Note: These are estimates. Actual rates vary by insurer and state.
How Much Coverage Can You Get After 75?
Coverage is usually limited compared to that of younger applicants. Most seniors over 75 qualify for:
$5,000 to $40,000 with no exam policies.
Higher amounts may require answering health questions or choosing a simplified issue plan.
These policies are not designed to replace income but rather to cover funeral expenses, debts, medical bills, and leave a small inheritance.
The Best Insurance Providers for Seniors Over 75
Several companies are known for offering accessible no-exam coverage:
Mutual of Omaha: Offers final expense policies with simplified issue options.
AIG: Provides guaranteed issue whole life up to $25,000.
Colonial Penn: Known for guaranteed acceptance policies.
Transamerica: Offers final expense coverage with flexible options.
Gerber Life Insurance: Popular for guaranteed issue policies for older adults.
Always compare multiple quotes before committing. Prices and benefits can vary significantly.
FAQs
Can someone over 75 really get life insurance without a medical exam?
Yes. Options exist through guaranteed issue and simplified issue policies.
Is it expensive?
Premiums are higher than for younger people, but plans are designed to be affordable for final expenses.
Will my policy pay out immediately?
Some guaranteed issue policies have a 2-year waiting period. If death occurs during this time, only premiums paid (plus interest) may be refunded unless death is accidental.
Can I get more than $50,000 coverage at 75?
It’s rare without medical underwriting. Most coverage caps at $25,000–$40,000.
How to Choose the Right Policy
Clarify your purpose: Do you want to cover only funeral expenses or leave additional money behind?
Set a budget: Choose a monthly premium that fits comfortably within retirement income.
Compare insurers: Request quotes from at least 3 providers.
Check the waiting period: Some policies don’t pay full benefits immediately.
Work with a licensed agent: They can explain terms and help avoid costly mistakes.
Final Thoughts
Life insurance for seniors over 75 with no medical exam is about protection, not profit. It won’t make anyone rich, but it ensures loved ones aren’t burdened with funeral bills or small debts. For families, that peace of mind is priceless.
So ask yourself: what do you want your legacy to be? Even a modest policy can send a strong message — that you cared enough to plan.