Is It Possible To Be Too Old For Life Insurance?

Rachel Garland | Death, Financial, Insurance, Life Insurance | 8 Sep, 2015 | No Comments

We can’t tell you how many times this question has come up. One of the biggest concerns people have regarding life insurance is the possibility that they are too old to be approved. If you’ve ever had thoughts like this, don’t worry you’re not alone.

In fact, countless people as young as 40 wonder whether their time has passed for getting affordable life insurance. While you can certainly save big by being insured at a younger age, old age by no means disqualifies you completely. In fact, you may be surprised at just how low your rates can be.

Discover some quick facts and tips regarding life insurance after 50. From how old is too old to what will increase or lower your rates, we cover all of these topics and more.

The Quick Answer

In general, as long as you are under the age of 85 you can still qualify for life insurance. While there are some exceptions to this rule, you can rest easy knowing that as long as you are not over 85 you can still be insured. However, keep in mind that the older you are and the worse your health is, the more you will be facing in terms of cost.


Questions You Need To Ask Yourself

As noted, there is more than one factor at play when it comes to life insurance. If you’re over the age of 65 there are a few things that you’ll want to keep in mind. While you may still be able to get life insurance, the process you face is going to be a little bit different than say someone who is 25.

Before making any major decisions, you need to ask yourself the following questions. Not only will they help you better gauge your current state of health, but they can help you better prepare yourself when it comes time to getting insured.


What is the state of my health?

It’s important to have a thorough understanding of your current state of health, not only for personal wellness, but also for your bank account too. If you’re facing any serious illnesses or conditions, the cost of life insurance can increase substantially. In addition, in order to apply for life insurance you will need to have an accurate record of your health. This is not the time that you want to come across any unexpected surprises. Go ahead and schedule an appointment with your doctor before applying. This will give you a much better idea of where you stand and what to expect.


Is this financially feasible?

Once you’ve determined your current level of personal wellness, it is now time to consider the financial logistics. Are you in a place where you can afford to pay a premium and possibly paid-up addition? If so, you are not too old for life insurance and can still qualify. However, if you are struggling to make ends meet you may want to wait before applying. However, keep in mind that the more you age the higher expense you can expect to pay. Thus, if you can afford to start paying a premium it is in your best interest to do so.


Do I want to leave a legacy?

Do you hope to one-day leave a legacy for your loved ones? If so, you’re not alone. In fact, many seniors report that one of their number one goals is to leave a legacy with a loved one or charity. Luckily, life insurance is one of the best and safest ways to do this. Life insurance benefits are income-tax free. Meaning, you are able to give someone or something you care about a head start in life. Between taxes and inflation there is enough to worry about, rest easy knowing that your loved are protected through your legacy.


What You Need To Do Today

Now that you have a better idea of what kind of options are available to you, it’s time to make a decision. While life insurance may not be feasible for everyone, the benefits far outweigh the risks. In fact, just take a look at this report via ValuePenguin.



As you’ll notice, each year that you age, the cost increases. In addition, if you’re a smoker you can expect to pay higher rates as well. Meaning, the longer you delay becoming insured the more you can expect to pay out of pocket. While life insurance may not seem feasible in the moment, avoid putting it off forever. Life insurance is too important to ignored. Not to mention your rates may not necessarily be as high as you may be anticipating.

The best thing that you can do for yourself today is learn about your options. Understanding what you potential rates can help you make more informed decisions regarding your health and your future. Take action of your health today not only for your sake, but for your loved one’s sake as well.

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