As we age, taking care of our loved ones financially is a major priority. Seniors’ life insurance can give you peace of mind, covering final expenses, medical bills, or leaving a legacy behind. But with so many companies and policy types, it can be hard to know which policy is right for you. In this guide, we cover the best life insurance for seniors in 2025—focusing on affordability, reliability, and ease of access.
What Seniors Need to Find in a Life Insurance Policy Prior to selecting an insurer, consider the main points to find:
Policy Type: Term life insures you for a specified length of time, whereas whole life insures you for your entire life.
Medical Exam Requirement: Certain policies ask for a medical exam; others have simplified or guaranteed acceptance.
Premiums: Find reasonable monthly premiums, particularly if you are on a fixed income.
Payout Flexibility: Ensure the policy payout can be used to pay for funeral costs, debts, or inheritances to heirs.
Here are out top picks for 6 Best Life Insurance Companies for Seniors in 2025
1. AARP Life Insurance (Underwritten by New York Life)
Pros: No medical exam; well-respected senior brand
Cons: Premiums can be more than other no-exam policies
Best For: Seniors over 50 who want low-fuss coverage with a respected senior brand
Pros: Both term and whole life insurance; competitive premiums
Cons: Medical questions are needed even with no-exam policies
Best For: Older adults looking for flexible term and whole life policies
Pros: Guaranteed issue for ages 50–85; no medical exam
Cons: Low policy limits and premiums are high
Best For: Seniors with health issues who want assured coverage
Pros: Seasoned provider; adjustable whole life policies
Cons: Agent consultation required
Best For: Seniors who want personal service and adaptability
5. State Farm
Pros: Offers term, whole, and universal life; excellent customer service
Cons: Limited online application opportunities
Best For: Seniors who want ample policy options from a trusted name
6. Ethos Life
Pros: Simple online application; no medical exam for most seniors
Cons: Coverage caps may be lower for older applicants
Best For: Tech-savvy seniors who want a fast, digital process
Seniors’ Tips When Buying Life Insurance
Skip Costly Agents: Get multiple quotes from various companies.
Be Aware of Fine Print: Look for waiting periods, exclusions, and automatic renewal clauses.
Request Discounts: Non-smokers, veterans, and package deals with other insurance products qualify for reduced premiums.
Life insurance is still a smart choice for seniors in 2025, as long as it’s tailored to your budget and goals. Start by comparing prices and examining policy information closely—and choose the best one for your goals.
