Many people believe life insurance becomes impossible or too expensive as they grow older. But here’s the truth: you can get final expense insurance after 70, and in many cases, it makes more sense than traditional policies. For those who want to ease the financial burden on loved ones without undergoing a full medical exam, final expense insurance offers peace of mind.
In this guide, we’ll explain how final expense insurance works after age 70, what coverage to expect, and the best tips for securing a policy that meets your needs without breaking the bank.
Final expense insurance, also known as burial insurance or funeral insurance, is a type of whole life policy designed to cover costs like:
- Funeral and burial expenses
- Medical bills
- Legal paperwork
- Outstanding debts
Coverage typically ranges from $2,000 to $25,000 and is ideal for those who want a simple, no-fuss plan.
Why It’s Still Possible After 70
Insurance companies know that people over 70 still want financial protection for their families. That’s why many offer final expense policies specifically for older adults.
Even in your 70s, you can:
- Apply without a medical exam (many plans offer simplified issue policies)
- Get accepted with preexisting conditions
- Lock in rates for life once approved
So yes, you can get it after 70, and it’s often easier than you think.
What to Expect in Terms of Cost
Rates do go up with age, but the cost depends on factors like:
- Your health status
- Gender
- Tobacco use
- Desired coverage amount
On average, someone in their early 70s might pay between $40 and $90 per month for a $10,000 policy. Women usually pay slightly less than men, and tobacco users will pay more.
Simplified vs Guaranteed Issue Policies
There are two main types of final expense insurance for seniors:
Simplified Issue
- No medical exam required
- Health questions included
- Better pricing if you’re in fair to good health
Guaranteed Issue
- No medical exam or health questions
- Everyone gets approved
- Higher premiums
- 2-year waiting period before full payout
If you’re relatively healthy, a simplified issue plan can save you money. But if you have serious health issues, a guaranteed issue policy ensures you’re covered.
Benefits of Getting Final Expense Insurance After 70
- Quick approval: Most applications are approved within days.
- Fixed premiums: Rates never increase.
- Lifelong coverage: Policy won’t expire as long as premiums are paid.
- Eases burden on family: Helps avoid financial stress during difficult times.
It’s a simple way to leave a thoughtful financial plan behind.
Tips to Find the Right Policy
If you’re wondering can you get final expense insurance after 70, these steps can help you shop smart:
- Compare quotes from multiple insurers.
- Decide on coverage needs (funeral only or broader expenses).
- Work with a licensed agent who specializes in senior insurance.
- Check for hidden fees or policy exclusions.
- Avoid overbuying – a modest policy may be all you need.
Final Thoughts
So, can you get final expense insurance after 70? Absolutely. It’s not only possible—it’s a practical step for many seniors. Whether you’re healthy or managing medical conditions, there are options available that provide the financial cushion your family may need during a tough time.
By choosing the right policy, you take a proactive step toward peace of mind and responsible planning.
