Top 15 Best Life Insurance Companies for Seniors

Best Life Insurance Companies for Seniors

Welcome to InsureChance! If you are looking for a list of the best life insurance companies for seniors then look no further because we are here to help! As a senior, you probably think you don’t have any options when it comes to life insurance but in all reality, you still do! You either had a term life policy in which expired and are now looking for a new plan or never had life insurance and are realizing now as your family keeps growing how important it is for you to buy a life insurance policy. Either way, you made it to the right place because here we have made a list of the top 15 best life insurance companies for seniors. We will be providing you with a short review of each company with their rating and a chart of possible quotes from these companies. Stay tuned for some ways to get cheap life insurance because as you will see your life insurance premiums are not super high but they are no comparison of premiums of a 20-year old. Don’t worry there are still ways of getting cheap life insurance and we will get into that after our top 15 best life insurance companies for seniors.

 

As you can see the list above are the top 15 best life insurance companies for seniors but they are in no other order than alphabetical. This is because we cannot tell you which one exactly is the best. Since everyone has different lifestyles and health we cannot tell you which one of the 15 is the best for you. That is for you to find out depending again, on your health and lifestyle. However, this list we have provided are the best life insurance companies available for seniors and some are even more lenient to only their seniors like Transamerica. Stay tuned for a couple things you should keep in mind for finding the best life insurance company for you and how to get a cheap life insurance policy afterward. 

 

Visit this link if you’re looking for the cost of supplemental health insurance for seniors.

AIG Best Seniors Life Insurance

AIG- American General Life Insurance Company

AIG, American International Group Inc, is also known as American General and have been in business for over 160 years and have served over 12 million customers. AIG has one of the best GUL (Guaranteed Universal Life Insurance) product from American General because they offer the most flexibility and benefits.

GUL policies have premiums that always stay the same and most companies issue GUL through age 80 as long as you submit to a physical exam with blood and urine testing. A GUL policy basically functions like a term insurance and typically expires when you reach a certain age. The best part of GUL is that you can get your rates locked in if you’re 65 now you will be able to have the same level rate until your policy expires.

For more information read our AIG review!

A.M Best Rating of AIG or American International Group/American General: A

Sample quote for a 50 year old male with perfect health. 

Face Amount10-Year15-Year20-Year30-Year
$250,000$29.54$35.16$42.73$77.11
$500,000$47.92$59.60$78.20$135.29
$750,000$69.11$86.63$114.53$200.16
$1,000,000$90.31$107.61$146.53$256.39

Ameritas Best Seniors Life Insurance

Ameritas Life Insurance Company

Ameritas Life Insurance Company has been around for 130 years and is one of the many top “A” rated companies we work with. They are known for their high face amount coverage up to $1.5 million for a no medical exam policy! They are head to head with their competitors because of their no medical exam policy. They also offer amazing retirement funds and help with investments and will even give you general financial advice. If you are looking for a no medical exam you should put Ameritas on your top three because it’s rare that you will be getting such a high coverage amount for a no medical exam!

For more information read out Ameritas Life Insurance Company Review.

A.M Best Rating for Ameritas Life Insurance Company: A

Sample quote provided may vary depending on health and lifestyle. This sample is a 50-year old male with a preferred rate and is a non-smoker.

Face Amount10-Year15-Year20-Year30-Year
$250,000$29.24$37.20$81.70$88.58
$500,000$49.02$65.36$79.12$165.98
$750,000$70.09$94.60$119.11$245.53
$1,000,000$87.72$122.12$154.80$319.06

Assurity Best Seniors Life Insurance

Assurity Life Insurance Company

Assurity Life Insurance Company has been around for over 120 years serving their customers. Assurity offers a variety of products but has one of the best whole life insurance for seniors. If you are 65 and up the maximum coverage amount is $25,000 but if you are under 65 your coverage can go up to $50,000. Either way, the coverage amount would be able to cover your funeral and burial expenses since funerals cost $10,000-$15,000. Assurity is also one of the best companies who offer amazing no medical exam life insurance policies. If you need an excellent no medical exam option then Assurity may be the right company for you.

For more information read our Assurity Life Insurance Company Review

A.M Best Rating of Assurity Life Insurance Company: A-

Sample quote provided may vary depending on health and lifestyle. This sample is a 50-year old male with a preferred rate and is a non-smoker.

Face Amount10-Year15-Year20-Year30-Year
$250,000$42.41$53.94$68.51$113.97
$500,000$78.74$101.79$130.94$221.85
$750,000$115.06$149.64$193.36$329.73
$1,000,000$151.38$197.49$225.78$437.61

Banner Life Best Seniors Life Insurance

Banner Life Insurance Company

Banner Life Insurance Company has a long history in the insurance industry and its parent company has been around for about 180 years, known as Legal & General Group. Banner Life is almost in all of our lists like our top 15 cheap life insurance companies. They are known to be the king of standard and substandard table rate classes for a few years now. They keep themselves asking for all of these years because of their competitive life insurance rates for high-risk clients as well as their competitive life insurance rates for seniors. Being a high-risk client is not something life insurance companies love to have and that’s terrible to say but high-risk clients are more of a gamble than healthy clients. 

For more information read our Banner Life Insurance Company Review!

A.M Best Rating for Banner Life Insurance Company: A+

Sample quote provided may vary depending on health and lifestyle. This sample is a 50-year old male with a preferred rate and is a nonsmoker.

Face Amount10-Year15-Year20-Year30-Year
$250,000$26.25$33.25$42.66$73.00
$500,000$44.62$59.76$78.18$136.85
$750,000$64.31$87.02$114.64$203.44
$1,000,000$80.50$110.25$146.30$262.50

Foresters Best Seniors Life Insurance

Foresters Financial Life Insurance Company

Foresters Financial Life is a company who has been around for over 140 years and have more than 2 million clients all over the world. Their name may not be as relevant as Gerber Life but they provide one of the best life insurance policies for seniors. They are very competitive with their rates especially if you have a really complicated medical history. Which is pretty amazing because most companies deny you for having a complicated medical history, not Foresters! They also offer one of the best plans for retirement and they also offer one of the best whole life insurance policies.

For more information read our Foresters Life Insurance Company Review!

A.M Best Rating for Foresters Life Insurance Company: A

Sample quote provided may vary depending on health and lifestyle. This sample is a 50-year old male with a preferred rate and is a nonsmoker.

Face Amount10-Year15-Year20-Year30-Year
$250,000$28.22$38.50$42.66$72.25
$500,000$50.31$70.88$79.19$144.38
$750,000$72.41$103.25$115.72$213.50
$1,000,000$91.88$134.75$150.50$259.00

Lincoln Best Seniors Life Insurance

Lincoln Financial Life Insurance Company

Lincoln Financial Life Insurance Company has been around for over 100 years which is remarkable since 95% of all companies that start close down within the first 5 years. Lincoln Life is one of the very few life insurance companies who cater to clients 70 and older. You can even buy a whole and term life insurance policy if you are over 80! Lincoln Life offers definitely one of the top three best rates for those who suffer from diabetes, high/low blood pressure, or high/low cholesterol. They are even on the top ten when considering people with high-risk conditions or occupations. Just keep in mind that this option may not be available for those who have not seen a physician in the past 12 months.

They are even on the top ten when considering people with high-risk conditions or occupations. For example, a veteran came to us after being turn down for PTSD and we tried out Lincoln National and with great success, they get approved! Just keep in mind that this option may not be available for those who have not seen a physician in the past 12 months.

For more information read our Lincoln Financial Life Insurance Company Review!

A.M Best Rating for Lincoln Financial Group: A+

Sample quote provided may vary depending on health and lifestyle. This sample is a 50-year old male with a preferred rate and is a non-smoker.

Face Amount10-Year15-Year20-Year30-Year
$250,000$39.16$32.38$41.78$72.41
$500,000$48.56$59.06$77.83$137.38
$750,000$68.91$86.49$114.12$203.44
$1,000,000$75.51$110.16$147.70$259.26

Metlife Best Seniors Life Insurance

Metropolitan Life Insurance Company

Metropolitan Life Insurance Company, also known as Metlife, was named the #4 “World’s Most Admired” life insurance company by Fortune in 2016. Metlife outshines the competition with their amazing underwriting in regards to blood pressure, especially for their older clients. Someone between the ages of 55-69 with a blood pressure reading of 140/85 can still qualify for their MetLife’s Elite Plus rate class, or if you have a reading of 70/90 you can qualify for a standard rate class. If you suffer from diabetes type 1 or type 2 then Metlife might be the company for you because they are superior when it comes to rates for their diabetic clients. Many life insurance companies deny their clients with the slightest medical condition, so it’s good to know that there are a couple companies out there who admire all their clients the same like Metlife. They are also a part of our top 15 cheap life insurance companies. 

For more information read our Metropolitan Life Insurance Review!

A.M Best Rating for Metropolitan Life Insurance Company: A+

Sample quote provided may vary depending on health and lifestyle. This sample is a 50-year old male with a preferred rate and is a non-smoker.

Face Amount10-Year15-Year20-Year30-Year
$250,000$20.11$22.00$35.78$39.00
$500,000$37.15$42.90$48.36$52.78
$750,000$69.45$72.45$75.35$100.34
$1,000,000$85.98$97.12$101.43$120.93

Mutual of Omaha Best Seniors Life Insurance

Mutual of Omaha Life Insurance Company

Mutual of Omaha Life Insurance Company has been around for over 90 and you might have recognized their name for those of you who grew up watching Mutal of Omaha’s Wild Kingdom show. They set themselves apart from their competitors with their interesting niches. Their best niche is definitely the Company’s Fit Underwriting Credit Program who benefits the clients who normally would be rated below standard with a chance to bump their rate class just by staying healthy! Something that can benefit seniors is the fact that they DON’T use your life insurance age to determine rates, they take your current age compared to life insurance age which dates you 6 month forward. So basically, don’t wait until tomorrow because you’re at your youngest today!

For more information read our Mutual of Omaha Life Insurance Review!

A.M Best Rating for Mutual of Omaha Life Insurance Company: A+

Sample quote provided may vary depending on health and lifestyle. This sample is a 50-year old male with a preferred rate and is a non-smoker.

Face Amount10-Year15-Year20-Year30-Year
$250,000$28.17$37.36$46.55$82.86
$500,000$46.55$67.55$85.49$155.92
$750,000$67.11$98.61$125.52$231.18
$1,000,000$83.30$123.55$163.80$296.80

North American Company Best Seniors Life Insurance

North American Life Insurance Company

North American Life Insurance Company has been around for over 130 years and is one of the cheapest life insurance companies on the market. They are privately owned which allows the company to invest in more secure assets, unlike AIG. They are among the best life insurance companies for seniors. North American is great for those who are 60 and above because they have a solid product offering. North American Life also insures clients up to age 85 which is amazing because the most cut off ages for life insurance companies are 70! If you have cholesterol levels up to 300 you may qualify for the best rate class same with clients with high blood pressure. They also offer extremely competitive rates on older clients which is amazing because for seniors it can be rare to find an affordable life insurance policy!

For more information read our North American Life Insurance Company Review!

A.M Best Rating of North American Life Insurance Company: A+

Sample quote provided may vary depending on health and lifestyle. This sample is a 50-year old male with a preferred rate and is a non-smoker.

Face Amount10-Year15-Year20-Year30-Year
$250,000$25.74$33.66$43.56$75.24
$500,000$45.32$60.28$79.20$145.20
$750,000$65.12$87.56$115.72$214.94
$1,000,000$79.64$113.08$150.92$277.64

Phoenix Best Seniors Life Insurance

Phoenix Life Insurance Company

Phoenix Life Insurance Company has been around for 166 years, which makes them among one of the oldest life insurance companies still on the market. If you are looking for a no medical exam policy add Phoenix Life as one of the companies on your list. They have a no exam term life insurance product called Safe Harbor Term Life Express, and face amounts are between $25,000 and $500,000! This product is so amazing because most no medical exam policies only provide a death benefit protection but this one provides life insurance with living benefits. Phoenix Life has been granted a decent rating (B) but honestly, they aren’t the highest ranking life insurance company out there. 

For more information read out Phoenix Life Insurance Company Review!

A.M Best Rating for Phoenix Life Insurance Company: B

Sample quote provided may vary depending on health and lifestyle. This sample is a 50-year old male with a preferred rate and is a non-smoker.

Face Amount10-Year15-Year20-Year30-Year
$250,000$72.88$91.43$115.60$193.27
$500,000$139.55$176.66$224.98$380.32
$750,000$178.98$189.54$245.67$350.70
$1,000,000$201.00$223.43$230.87$277.64

 

Principal Best Seniors Life Insurance

Principal Life Insurance Company

Principal Life Insurance has been around for about 125 years and if you haven’t heard of Principal Life then you should know that it’s a global company that specializes in insurance, investment, and retirement planning for both individuals and businesses. They are neck to neck with their competitors when it comes to providing one of the best no medical exam product. They have an innovative underwriting process in which they use “Big-Data” to determine ca lient’s eligibility for the Accelerate Underwriting program. The amazing part is that their face amounts available for this no exam life insurance policy are up to $1,000,000! The absolute best part of this product is that you can qualify for a preferred plus rate class which makes Principal Life very competitive with the top companies in terms of price. However, this product wouldn’t be ideal for anyone who has type 2 diabetes or some other pre-existing condition.

For more information read our Principal Life Insurance Company Review!

A.M Best Rating for Principal Financial Life Insurance Company: A+

Sample quote provided may vary depending on health and lifestyle. This sample is a 50-year old male with a preferred rate and is a non-smoker.

Face Amount10-Year15-Year20-Year30-Year
$250,000$26.03$33.82$43.09$73.06
$500,000$45.50$61.07$79.63$139.56
$750,000$64.97$88.33$116.16$206.06
$1,000,000$78.31$111.19$149.63$263.09

Prudential Best Seniors Life Insurance

Prudential Life Insurance Company

Prudential Life Insurance has been around for over 140 years and is definitely one of the oldest life insurance companies out there today. Prudential Life excels in their underwriting for their clients. If you have high cholesterol with HDL levels up to 6 you are still eligible for a preferred rate class. If you have asthma, atrial fibrillation, bladder and breast cancer, hepatitis C, mood disorders, prostate or thyroid cancers then Prudential would offer one of the best rates available. This is all super helpful for our senior crowd! Considering the fact that most life insurance companies rate people with any of these conditions as standard which results in higher premiums. 

For more information read our Prudential Life Insurance Company Review!

A.M Best Rating of Prudential Life Insurance Company: A+

Sample quote provided may vary depending on health and lifestyle. This sample is a 40-year old male with a preferred rate and is a non-smoker.

Face Amount10-Year15-Year20-Year30-Year
$250,000$33.07$38.03$48.15$75.83
$500,000$58.50$68.40$84.22$144.00
$750,000$83.92$98.78$129.15$212.18
$1,000,000$101.25$126.45$166.05$278.55

Sagicor Life Best Seniors Life Insurance

Sagicor Life Insurance Company

Sagicor Life Insurance has been around for over 60 years and is available in 45 states and the District of Columbia. Sagicor definitely is one of the best no medical exam life insurance company and is one of the best life insurance companies in the U.S. If you have a health condition Sagicor Life is an excellent choice for certain health conditions such as diabetes. You can even receive a preferred rate for those of you who haven’t smoked in 24 months. However, if you are a smoker you should look into this company because they offer two tobacco rate classes, preferred tobacco, and standard tobacco. Sagicor is known for their fast approval times you can be done with everything in as little as fifteen minutes whether it’s for a simplified issue no medical exam term or universal life insurance. 

A.M Best Rating of Sagicor Life Insurance Company: A-

Sample quote provided may vary depending on health and lifestyle. This sample is a 40-year old male with a preferred rate and is a non-smoker.

Face Amount10-Year15-Year20-Year30-Year
$250,000$55.35$70.74$93.62N/A
$500,000$100.40$135.18$180.94N/A
$750,000$93.51$126.94$150.76N/A
$1,000,000$116.68$164.78$195.03N/A

SBLI Best Seniors Life Insurance

SBLI- The Savings Bank Life Insurance Company

Over 100 years ago was when SBLI, or The Savings Bank Life Insurance Company, was founded. SBLI are one of the most affordable life insurance companies for smokers and nontobacco users. If you have high blood pressure or high cholesterol, then SBLI is one of the best choices for you. However, don’t go to SBLI if you are a diabetic.It is very important to look into a company’s unique niches because each company has their own unique niches. For example, one company may specialize in diabetes but another (like SBLI) don’t specialize in diabetes, they specialize in high blood pressure and high cholesterol. 

For more information call us at 888.492.1967!

A.M Best Rating of SBLI-The Savings Bank Life Insurance Company: A+

Sample quote provided may vary depending on health and lifestyle. This sample is a 50-year old male with a preferred rate and is a non-smoker.

Face Amount10-Year15-Year20-Year30-Year
$250,000$107.01$27.67$51.68$77.94
$500,000$45.70$67.62$96.06$141.99
$750,000$63.94$87.96$116.41$201.23
$1,000,000$77.95$111.19$147.73$257.61

TransAmerica Best Seniors Life Insurance

Transamerica Life Insurance Company

Transamerica Life has been around for over 100 years and they own Stonebridge Life Insurance Company. Transamerica is one of the best life insurance companies and especially for our seniors. if you are 71 or older you will benefit from this company 100%. You can be eligible for a preferred rate class if you have a cholesterol ratio of 5.0 or less and if you are over 71 you are eligible for a preferred rate class if you have a cholesterol ratio of 5.5 or lower. If you are 71 or older you can qualify for the best rate class with a blood pressure reading of 145/85. If you have Hepatitis C you also have an opportunity to receive a standard rate class. As you can see they love their seniors and it’s unbelievable how liberal their guidelines are for their clients 71 and older because 71 is usually the age where many life insurance companies stop writing life insurance at.

For more information read our Transamerica Life Insurance Company Review!

A.M Best Rating for Transamerica Life Insurance Company: A+

Sample quote provided may vary depending on health and lifestyle. This sample is a 50-year old male with a preferred rate and is a non-smoker.

Face Amount10-Year15-Year20-Year30-Year
$250,000$29.67$35.26$44.29$78.69
$500,000$49.88$61.06$79.12$148.35
$750,000$73.53$90.30$117.39$221.24
$1,000,000$91.16$111.80$147.92$286.38

 

How To Get Cheap Life Insurance

Getting cheap life insurance is not a secret that is withheld by the government! If you are reading this then you already know being a senior really changes your premiums for the worse but it isn’t the end of the world at all. As a matter of fact, all of these tips would be relevant for you to be able to get the cheapest life insurance policy humanly possible. As long as you do all of these tips you will be getting a chunk of discounts off your life insurance policy because let’s face it, life is expensive and you already have to pay for car insurance and health insurance, the last thing you want to add to your never ending expenses is an expensive premium for your life insurance policy. The following are 10 steps to ensure that you get the cheapest life insurance possible!

Step One: Work with an Independent life insurance broker

Working with an independent life insurance broker will really save you some money in the long run. If you consider yourself a senior and your health is not up to par you really need to work with an independent agency. If you have a health condition such as high blood pressure or diabetes you will find it difficult getting coverage from a life insurance company, and if it isn’t difficult it will be super expensive. The key is knowing the company’s unique niche. Every life insurance company have their own unique niche. If you have diabetes then you should look into getting coverage from a life insurance company who specializes in diabetes because they will have the most understanding of your health condition. If you get coverage from a company who specializes in sleep apnea you will more than likely get rated up the wall because that isn’t their specialty. Independent life insurance agencies, like us, know all of the companies we work with niches so if you are looking for affordable life insurance give us a call and let us find the best life insurance company who will offer the best premium for you!

Step Two: Determine your health rating

Health ratings are the way life insurance companies base their quotes on. If you know your health rating then consider yourself ahead of the game, if you don’t well don’t panic because we will provide you withthe list of health ratings. Knowing your health rating will help you make sure they don’t look at you as a fool and rate you something completely unfair.

  • Preferred Plus: This health class is for those who are in absolutely perfect health. You will attain this rating if you also don’t have a family history of death before age 60 due to illness and a perfect height to weight ratio. You also need to have a clean rap sheet with no serious history of serious driving violations and you also cannot partake in any dangerous activities such as race car driving or rock climbing. If this describes you then you will be receiving the cheapest quote possible!
  • Preferred: This health class is a more common rate to attain for healthy individuals. This rate is ideal for those clients who have either a minor or temporary health issue and has other than ideal build but not extreme. You also cannot have a family history of heart disease or breast cancer that have caused any deaths in your family before the age of 60.
  • Standard Plus: If you are between perfectly healthy and having a health problem then you will probably get this health class. You may get this rate if you have health conditions that are not threatening and are under control but also have other than ideal build. If you have a family history of death before age of 60 you may receive this health rate.
  • Standard: If you are not where you should be as far as health then you may be put in this category. You will also be put in this health class if you have multiple health conditions, less than favorable medical exams, are overweight, less than a perfect background, and your occupation is hazardous.
  • Substandard: If you have a serious illness, criminal history, are an alcohol or drug abuser, or in the high or low-end extreme of the build chart, you will be given this rate. This rate class does not stand alone, it is broken down into 10 tables that range from 1 to 10 or A through J depending on the company. If you are given this rate class you will end up paying much more for life insurance than average people because you are considered a high risk to life insurance companies. Each table will cause a 25% increase in premium. If you receive this class you may be better off going with a company who offers a guaranteed issue which means you will not have to take a medical exam or get asked any health questions. A guaranteed issue will offer the maximum coverage amount of $25,000 but we have had a client who stacked 3 guaranteed issue policies from 3 different companies and got a total coverage amount of $75,000.

Once you figure out your health rating write it down so you don’t forget and when it comes down to applying use it as a reference to make sure you are not getting fooled into a rating that is completely inaccurate because everyone makes mistakes but don’t let someone else’s mistake affect your money!

Step three: Consider buying term life

If you have amazing to decent health you should consider buying a term life insurance policy. Term life is a form of temporary life insurance that provides coverage for a short and specified period of time. Most companies offer term lengths such as 10, 15, 20, or 30-years. We recommend you buy a term life insurance policy because it happens to be the most affordable type of life insurance available in the entire market. If by any reason you have bad health but haven’t visited the doctor or have any prescription for a health condition you have then you should consider buying a no medical exam term life insurance policy. If you do have a health condition and have seen a doctor about it we recommend to not buy a no medical exam policy because even though you will not be taking a medical exam you will be asked a couple health questions and they will look into RX files and see if you have prescriptions and they may even go as far as looking at your medical records and see that you have seen a doctor for that condition. This will cause your premiums to be super expensive which is the opposite we are trying to do.

Step four: Pay Annually

Another great way to get a discount is by paying your premiums annually. The savings are not huge but it is better than nothing. You can shave off 3%-5% off of the annual premium. For example, if you want to buy a 20-year term life insurance policy with a $250,000 face amount, your lowest monthly premium would be $65.90 and annually it would be $757.50. Take a second and let’s do quick math when you multiply $65.90 x 12 months = $790.80 which gives you a total annual saving of $36.30. Again, not the biggest discount in the world but if you combine all tips you will in return receive a huge discount.

Step five: Don’t buy riders or add-ons!

It can be very tempting to buy an add-on or rider for your policy because they can look so much more appealing to you. However, staying away from them is the best thing you can do in order to get cheap life insurance. A rider can be super expensive such as the “Return of Premium Rider”, which is a great investment because it returns all the premiums you have paid when your policy expires but it will increase your monthly premiums by a whole bunch. For instance, we will use the same $38.80 20-year term example from above and we will add on the “Return of Premium Rider”. With that rider, the policy jumped to $143.12 a month which is an extra $104.32 extra that you will have to pay for this rider.

Step six: Save Age

Something pretty sweet that some life insurance companies do is that they will allow you to go back in time to save you a little money! Which sounds amazing but again we emphasize the word SOME. Some life insurance companies determine your life insurance rate at the age you are nearest too. So basically if you are 59 and your birthday is in January but it’s October, you’re 60 in their eyes. In order for you to be able to get a discount, you will have to pay all the months that bring you closer to 59 and you will be able to qualify for a younger person’s rate for the next 20 years.

Step Seven: Raise your coverage amount

You know how shopping at some big chain stores you have the option of buying in bulk or individually? Well if you have ever done the math it most of the time is a better buy to buy things in bulk because you are getting a discount instead of buying individually. Think of your life insurance coverage the same way because you can end up having lower premiums and save more money just by going to the next band up. You can take a look for yourself and see how different your premiums can be when you move your coverage around by completing our simple quote engine below.

Step eight: Ace your medical exam!

Something super crucial is to ace your medical exam because the better you do on your medical exam the less you will have to pay in premiums. You can avoid a medical exam by buying a no medical exam policy but if you have bad health you are better off completing a medical exam because companies will look into your medical records regardless and if you choose a no medical exam and they see on your records that you have a health condition they will rate you higher than they would if you did a medical exam. To get the most bang out of your buck you will need to ace your medical exam to attain the best health rating possible. You need to avoid nicotine or anything that will cause your blood pressure to shoot up the day before your exam. You should also consider scheduling your medical exam in the morning before your first meal that way your levels are ideal after the overnight fasting. Try and avoid strenuous activities the day before and make sure you eat all your veggies and drink a ton of water. The morning of your exam we recommend for you to drink at least two glasses of water because it will improve your lab work.

Step Nine: Get healthy!

A way for you to get an amazing discount is by getting healthy! One of the best things that life insurance companies do is that they re-evaluate your application which is good news for those who decide to change their lifestyle for the better because you can get bumped up a health rating. For example, if you decide to quit smoking for two years you could get re-evaluated by your life insurance company and get a chance to get rated as a non-smoker which can lower your premiums drastically! In this case, Cindy bought a 20-year term life insurance policy for $500,000 and she paid $109.86 a month. She decided to quit smoking and a year later she got a quote for $38.80 a month as a non-smoker!

Step Ten: Buy now!!

There is no better time than today to buy life insurance. Don’t wait another day because then you will be forced to wait another day after that and so on and so forth. You will never be as young as you are right now, today, so getting coverage now will mean lower rates. You never know what can happen tomorrow because life is an everyday gamble.

Final Thoughts

In conclusion, today you have learned that there are still options for life insurance being a senior. There are also ways for you to get amazing discounts for your premiums to be lower. There are a lot of steps for getting a cheap life insurance policy but it certainly isn’t impossible! This is nothing you can’t handle and we are here with a free service to help you achieve this goal. InsureChance is the first online life insurance marketplace and independent agency who work with over 60 top rated companies. We are here to make sure you get the cheapest premium with the maximum coverage whether you are 20 or 70 just give us a call today!

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About Mack Dudayev

Mack is owner and life insurance expert at InsureChance. On a mission to create a way everyone can understand, afford and attain the right life insurance coverage to protect their financial responsibilities.

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