2007-01-08 12:22:50 · 10 answers · asked by Anonymous in Business & Finance ➔ Insurance
Yes, but its going to very expensive. I mean, people at that age or over might be paying $10/month for every $1000 of coverage.
So, if the person wanted $10,000 coverage, it would cost $100/month. Term insurance maybe a little cheaper, maybe $5/month per $1000 coverage.
I don't know anyone who has life insurance at age 70 still. I mean, if I was age 70 or older, I wouldn't need it. My mortgage would of been paid off by then, my kids are all grown up, and I have plenty of money in my investments.
2007-01-09 10:08:33 · answer #1 · answered by Anonymous · 2⤊ 1⤋
Yes, life insurance is offered by many life insurance companies for people over 70 years of age.
Each insurer has their own set of underwriting guidelines stating how much coverage they will offer you based on your age and health, and at what price.
You may need to take a medical exam in order to qualify for the life insurance policy.
However, Globe Life Insurance offers life insurance protection for people age 78 and under. You don't need to take medical exam. You just answer a few simple health questions online and find out instantly if you qualify for coverage.
If you want, you can start your policy today. With Globe Life, $1 pays your premium for the first month. You have a 30 day money-back guarantee. To learn more go to http://www.term-life-online.com/globe-life-insurance.html
I hope that helps! Take care and best of luck to you.
2007-01-09 02:05:38 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It is available from nearly every life insurance company, assuming one can qualify based on health and reason for the insurance. There are also "guaranteed issue" policiesthat include older folk where it makes no difference what your health is like, but is very expensive per dollar of coverage and comes with a lot of restrictions as to how much will be paid out in the first few years. Try bestquote.com; Gerber Life, Transamerica Life, Aviva.
2007-01-08 12:52:07 · answer #3 · answered by domers13 2 · 0⤊ 1⤋
Hey i will like to share my view about the "Life Insurance for People Over 60" It is very essential to select a plan you can afford. However, you should be careful to prevent buying a protect that leaves you uninsured. If you are over aged 70 years or over and looking to find reasonably priced policy with adequate cover, it is critical that you take the time to compare a range of different policies from different insurers. An insurance consultant can use their knowledge of the insurance industry to find insurers that are willing to provide cover. Increased competition among life insurance providers has meant that many providers are willing to make adjustments to policies in order to provide cover. Such adjustments include:
Increase premium pricing
Exclude certain events from cover
In any event, working with an insurer can greatly increase the chances of finding cover.
Learn more about “the Life insurance for people above 60” on : http://lifeinsuranceguideline.com/life-insurance-for-people-over-60
2014-09-18 09:06:13 · answer #4 · answered by Anonymous · 0⤊ 0⤋
there are many companies that will offer coverage for someone over 70. i would stick with the best rated companies like GE, Metlife, Pru, John Hancock etc. In most states, you will have to buy a permanent policy, like universal or whole life. a universal life policy with a deathbenefit guarantee can be used like a term policy that lasts forever. you will pay the least amount possible and have a death benefit forever but little or no cash value.
2007-01-09 06:28:42 · answer #5 · answered by ny2fl 2 · 0⤊ 0⤋
I would recommend one to try this web site where onel can compare quotes from the best companies: http://COVERAGE-FINDER.NET/index.html?src=5YAqqC1AOR8gjm1
RE :Is life insurance for people over 70 available?
Follow 13 answers
2017-03-08 07:32:10 · answer #6 · answered by ? 6 · 0⤊ 0⤋
It certainly is available. Try working with a local independent agent - one that represents several different companies. Be prepared with your medical history and medications when you meet with the agent. Discuss what you want to accomplish with this purchase of life insurance. You are buying a 'tool' to accomplish a task. Make sure you buy the right kind of tool.
Good Luck
2007-01-09 00:14:12 · answer #7 · answered by insuranceguytx 5 · 0⤊ 1⤋
Get insurance quotes
2014-12-26 14:36:09 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Get and compare quotes from different companies at - INSURERATESME.INFO-
RE Is life insurance for people over 70 available?
#EANF#
2014-08-13 21:32:54 · answer #9 · answered by Prisca 1 · 0⤊ 4⤋
yes and if you would like more information please email me and i can give you great options....also if you have money you are leaving to your children they will have to pay tax on this about 45-55% life insurance can help with this as well
2007-01-08 13:08:15 · answer #10 · answered by Kellie S 1 · 0⤊ 0⤋