Getting Final Expense & Life Insurance For Seniors Over 80

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Updated August 9, 2022

Senior life insurance plans provide simple and affordable life insurance for the elderly. These plans were specifically designed for seniors, and this insurance coverage comes with permanent benefits and low premiums.

Life insurance for seniors over 80 is also referred to as final expense, funeral, and burial insurance. All of these names refer to the same type of whole life insurance intended to cover funeral expenses or any other bills left behind by the insured.

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How Much Does Life Insurance Cost For An 80-Year-Old?

A senior who is 80 can get a $10,000 policy with no waiting period for $98 – $140 a month. These prices apply to healthy individuals who answer favorably to the medical questions on the application. If your health is compromised, the price will be higher.

Is Life Insurance Worth It After 80?

If you have nothing saved for your funeral expenses, life insurance after 80 should be a top priority. Even if you have some money in savings, assets can be tied up in probate, making your cash hard for loved ones to access after your death.

How to get Life Insurance Over 80 with No Waiting Period

It is possible to get coverage over 80 that begins immediately. However, you must qualify by completing a health questionnaire. A life insurance waiting period is based primarily on health, so your age is not a consideration; this is why most seniors over 80 should apply for immediate coverage.

It would be best to work with a specialized insurance agency with multiple insurance plans because every life insurance company sets its own health and age criteria. Some carriers do not provide burial insurance over 80, but some offer up to 89 and 90 years old. The policy structure and price point will differ depending on which plan someone qualifies for.

No Medical Questions and No Waiting Period

Unfortunately, any company that does not ask health questions will enforce a 2 – 3 year waiting period.

This is known as a guaranteed issue or guaranteed acceptance policy. Applicants can still get this coverage at 80, but most providers do not issue guaranteed coverage over 80; if they do, it is very expensive.

What Plan Can Someone in their 80s Qualify For?

If you have no notable health concerns, it is safe to assume you can qualify for immediate coverage at a low rate. To better understand your best burial coverage options work with an insurance agency with access to multiple plans for elderly seniors over 80. This will ensure you find funeral insurance quotes that are the most optimized for your specific age and health history.

Life Insurance Quotes for Seniors Over 80

The chart below shows a range of actual funeral insurance quotes that a senior over 80 years old can expect to pay. To get personalized final expense quotes for any age, enter your information into the quote machine on this page.

The aspects that most affect life insurance prices are the applicant’s age, health, and gender. The healthier the senior applying is, the lower the monthly premium will be. By contrast, the more pre-existing medical concerns someone has, the higher their price will be.


Non-Smoking Monthly Premiums

Age $10,000 $15,000 $20,000
80 $98 – $179 $146 – $266 $194 – $354
81 $106 – $187 $158 – $279 $209 – $371
82 $114 – $209 $169 – $291 $225 – $387
83 $121 – $204 $180 – $304 $239 – $404
84 $129 – $212 $191 – $316 $254 – $421
85 $136 – $221 $202 – $329 $269 – $437
86 $171 – $237 $255 – $392 $339 – $521
87 $206 – $254 $307 – $456 $408 – $606
88 $241 – $279 $359 – $519 $478 – $691


Non-Smoking Monthly Premiums

Age $10,000 $15,000 $20,000
80 $140 – $206 $208 – $308 $276 – $416
81 $150 – $254 $223 – $379 $297 – $504
82 $160 – $269 $239 – $404 $317 – $537
83 $171 – $287 $255 – $429 $339 – $571
84 $182 – $304 $271 – $454 $361 – $604
85 $193 – $316 $288 – $473 $382 – $629
86 $236 – $337 $353 – $540 $469 – $718
87 $277 – $354 $413 – $613 $550 – $816
88 $317 – $371 $474 – $686 $631 – $913

What Is The Best Life Insurance For Seniors Over 80 Years Old?

Most final expense providers offer plans to seniors above 80, but some companies limit the application age to 85. Luckily, some offer initial coverage up to 90, so working with one of these companies is critical when finding life insurance over 85.

Best Life Insurance Companies for Seniors Over 80

Listed below are our top 3 recommendations for funeral insurance for seniors over 80. To apply for these policies, speak with Willamette Life or any specialized agency representing these carriers.

Mutual of Omaha

This is an excellent company for healthy seniors up to age 85. The Mutual of Omaha burial insurance policy offers some of the lowest rates on the market with no waiting period.

  • New Policy Age Eligibility: 45 – 85
  • Coverage Amounts for 80 – 85: $2,000 – $40,000
  • State Availability: 49 states & DC (excluding NY)
  • Waiting Period: No

Aetna (CVS Health)

Aetna life insurance has two policies that provide immediate coverage for seniors as old as 89. These plans have more lenient qualifying criteria than Mutual of Omaha, still at very affordable rates. So, if you are over 85, this will be your best option.

  • New Policy Age Eligibility: 40 – 89
  • Coverage Amounts for 80 – 89: $2,000 – $25,000
  • State Availability: 48 states & DC (excluding MA & NY)
  • Waiting Period: No

Guarantee Trust Life

This plan is not a guaranteed issue policy but accepts most preexisting conditions. Guarantee Trust Life Insurance has five medical questions that are highly lenient, with a good payout structure during the waiting period, and accepts seniors up to 90. Due to the underwriting criteria, this policy will be more expensive than the two plans listed above.

  • New Policy Age Eligibility: 40 – 90
  • Coverage Amounts for 80 – 85: $2,500 – $20,000
  • Coverage Amounts for 86 – 90: $2,500 – $10,000
  • State Availability: 48 states & DC (excluding CA & NY)
  • Waiting Period: 2-years (partial coverage after year 1)

Senior Life Insurance Plans to Avoid

Suppose it seems like coverage is too easy to obtain. In that case, you should steer clear, including direct promotional materials in the mail or TV commercials advertising burial insurance for seniors over 80 with no medical exam or health questions.

While this might sound appealing, many other options will be more friendly to your wallet and have a better policy structure.

You should thoroughly examine the following policies before moving forward.

Lincoln Heritage

This company only sells burial life insurance, but their Funeral Advantage plan is more expensive than the companies recommended above and is harder to qualify for. Please read our Lincoln Heritage life insurance review to see a complete list of qualifying criteria and quotes.

  • New Policy Age Eligibility: 40 – 85
  • Coverage Amounts for 80 – 85: up to $20,000
  • State Availability: 49 states & DC (excluding NY)
  • Waiting Period: No

Colonial Penn

The flagship product for Colonial Penn is their Guaranteed Acceptance plan. This coverage is overpriced and confusing. Please read our full review of the Colonial Penn 995 plan to understand the pricing and coverage options. Just know that it is overpriced compared to most other guaranteed acceptance plans for seniors over 80.

  • New Policy Age Eligibility: 50 – 85
  • Coverage Amounts for 80 – 85: $620 – $5,724 (depending on age)
  • State Availability: 49 states & DC (excluding NY)
  • Waiting Period: 2 years

happy senior couple on couch

FAQs From Seniors Over 80

This list is the most common questions about burial insurance from seniors over 80.

Can You Get Life Insurance if You are Over 80?

Seniors over 80 are the perfect candidates for final expense life insurance. Smaller coverage amounts found with senior whole life insurance could provide the ideal protection for you and your family at an affordable rate.

Can I Purchase Final Expense Coverage for a Parent or Grandparent?

You can buy funeral insurance for a parent or grandparent. However, there are steps that you and the insurance agent need to take to make the policy valid. Without their knowledge and consent, you cannot take life insurance coverage out on someone else.

The proposed insured senior will need to be involved in the application process. This includes signing the names of the proposed insured and having the mental capacity to understand what they agree to.

Is it Difficult to Find Life Insurance Coverage for Seniors Over 80?

Many of the top funeral insurance companies offer coverage after turning 80. Most life insurance companies provide initial protection to healthy seniors up to 85 years old. However, options are limited when looking for final expense insurance for seniors over 85.

Just because the selection is limited does not mean the elderly cannot get life insurance coverage. To get the best burial insurance for seniors over 80, work with an agent with access to many insurance policies.

Can you get Life Insurance After the Age of 85?

Yes, you can get permanent life insurance after turning 85. A few select companies, including Aetna and Guarantee Trust Life, offer final expense life insurance for seniors over 85. Keep in mind the cost will be higher the longer you wait to take out coverage.

senior over 80 looking at camera

Whole Life Insurance Basics

Since burial insurance is a type of whole life insurance policy, it has three fundamental advantages.

Price Lock: The price will never increase. This is a top priority for many seniors over 80 on a fixed income. Understanding the monthly cost and knowing it will never change significantly benefits senior citizens.

Coverage Lock: The policy amount will never decrease or terminate. The locked-in death benefit guarantees financial protection for your family, so you will not leave them in a vulnerable situation after your passing.

Builds Cash Value: A portion of each payment goes towards the cash value. Over time this amount grows and can be borrowed against if needed.

Final Expense Insurance Benefits for Seniors Over 80

Senior funeral expense coverage is unique because it is easy to get and affordable.

No Medical Exam: Burial insurance is considered simplified whole life insurance, meaning there is an easy application process. Elderly seniors will never be asked to get a medical exam.

Instead, applicants will be asked to answer 10 – 20 health questions over the phone to get immediate coverage. Seniors can expect this process to take roughly 30 minutes.

Smaller Coverage Amounts: The coverage amounts typically range from $2,000 to $40,000. This makes the monthly premium much more affordable while still offering the great permanent benefits of whole life insurance.

Flexible Death Benefit: The beneficiary receives a lump-sum check once the claim is approved, and there are no regulations on what this money can cover. However, it is commonly used to cover the funeral expenses and other outstanding bills of the insured.

elderly senior woman sitting in high-back chair

Final Thoughts On Life Insurance For Seniors Over 80

a. Final expense insurance for seniors over 80 is an affordable and straightforward plan to prepare for funeral expenses. For a low monthly payment, loved ones will have the financial resources to celebrate the policyholder’s life.

b. There are burial plans available with waiting periods and no waiting periods. What someone can qualify for depends on the applicant’s age and medical history.

c. Work with an insurance agency with access to multiple burial insurance plans. This will nearly guarantee that families find the best burial insurance policies for the lowest price.

Willamette Life specializes in final expense life insurance. We find the best plans for seniors of all ages to protect their families. 

Call us at 844-576-0019