Life Insurance for Seniors Over 85 [No Medical Exam Or Waiting]

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  • Post last modified:April 10, 2021

Age is just a number, it can’t deprive you of life insurance.

Life insurance for seniors over 85 is available and you don’t have to take any medical exam. Plus, there will be no waiting period.

We will explain how to get it in a few quick steps.

Agenda Of The Article

3 Best Life Insurance Options for Seniors Over 85

options for seniors above 85

To be honest, there are lots of options for young people. But, with age the options get limited.

There are only three (3) life insurance options available for seniors over 85:

  • Whole life insurance
  • Burial/Final expense insurance
  • Universal life insurance

Now, let’s see what you can expect from these policies.

Too lazy to read? Watch the video.

Whole Life Insurance for Elderly Over 85 [Best Option]

Whole life insurance is the best option for over 85 because it takes the money from you as premiums and builds cash value.

No worries of the expiry date. No medical exam and becomes active in few hours.

The policy gives you a guaranteed amount of money every year that it is continually growing.

This means that you do not have to guess or wonder as the interest rate will grow your money.

The money also relies on compounded growth which is why this option is great as life insurance for 85 and older.

Mutual funds, money market accounts, and stocks cannot give you any type of guarantee.

Also, these types of investments are too risky for someone who is older and has to depend on their money growing each and every year.

No Tax Penalties!

Another reason why whole life insurance is a good choice is that you can access your money at any time without any penalties, including no tax penalties.

This is a unique feature that can benefit anyone when life’s unexpected events happen.

Also, this type of policy adds flexibility by allowing you to borrow money against the cash value.

The Bottom Line

Here are the features you get from whole life insurance.

  • Covers entire lifespan
  • No medical exam
  • No waiting period
  • Medical questions asked
  • The monthly premium never increases
  • Fixed coverage amount
  • Builds cash value
  • Never expires
  • Has tax benefits

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Funeral or Burial Insurance (Second Option)

Burial insurance, funeral, or final expense insurance all are the same thing.

The motto is to cover the funeral expenses after passing away.

No confusion!

To be clear, these are nothing but whole life insurance with a few specific rules.

Insurers mark these plans as burial or funeral insurance because they only cover the cost of funeral expenses which is $10,000+.

You will never find burial insurance that covers a lot like an ordinary policy.

Specifying once again, any of these plans don’t need any medical exam or waiting period.

Why Burial Insurance Is Growing In Popularity?

increasing popularityBurial insurance is an inexpensive way of obtaining financial protection. It is designed to give people coverage until one hits the 100-years mark.

This is essentially one of the methods used to help people pay for their funeral expenses in advance.

It helps to save money and lessen the grief when one dies.

Also, it gives one the option to choose whether to be cremated or, buried in a casket.

The policy gives the insured a chance to share out their estate and plan for events to take place when they die.

Benefits Are

  • You have very few questions to respond
  • You will not be subjected to urine or blood tests
  • The payout is immediate
  • You can have additional underwriting to help increase your benefits
  • It is the most inexpensive method to obtain a life insurance

Note that the policy may vary depending on the insurance company you are dealing with.

The benefits vary from $5,000 to $25,000.

However, there are few companies that offer as much as $75,000.

The good thing about it is that the benefits are paid immediately.

This is vital since it allows the beneficiaries to use the funds to cater for funeral expenses.

The extra money can be used to pay for outstanding debts like medical bills.

A Few Drawbacks

Despite the many benefits, burial insurance comes with a few drawbacks. Continue reading to update yourself on the drawbacks.

  • Firstly, some insurers will not put you in their programs immediately. They have a waiting period which may take between 1-3 years. It reduces benefits and you may not get any benefit if you die before the end of the waiting period.
  • Secondly, most of the policies are overpriced. In some cases, it may cost more than the cost of your funeral. So, it does not make sense to buy such policies. Luckily, it can be avoided easily.
  • Thirdly, a burial policy is not an investment. Anyone who chooses to take the policy may not have control of how the funds will be endowed. Besides, many companies charge high premiums.

Universal Life Insurance [No One Talk About It]

The third popular option is universal life insurance. To start off, the policy is higher than whole life insurance, read this.

This can offer more savings which can be a deciding factor for seniors but the cost will be higher.

Unlike a fluctuating interest rate that comes with other plans, universal life insurance comes with a minimum interest rate.

Universal life insurance is also very flexible. If your insurance needs ever waver, then you can change your policy to regulate those deviations.

Another great feature of universal insurance for over 85 years old is that you have options to take out loans on insurance with some great terms.

[Whole life also has this loan feature]

This can range from using the money to pay off debts to taking a vacation.

If you ever find yourself in a bad financial situation, you can also use this policy as a way to supplement your monthly income.

Which Of These 3 Is The Best Option For You

best optionAgree with us or not, whole or burial life insurance is the best option that you can get at 85+.


There are three (3) reasons behind this.

First of all, term life insurance is not available at this age.

Second, universal life insurance is going to cost you a lot because of its flexible premium rule.

Insurers don’t expect someone of 85 to live for a long period of time and can adjust the premium later.

You have to pay a higher premium at the beginning of the policy which is often a total waste.

Third, burial or funeral insurance is one kind of whole life insurance. [the most commonly available one at this age]

On the other hand

With whole life insurance, you can get a bit more coverage than burial insurance.

However, you can’t expect huge coverage. Insurers always decide the maximum coverage amount considering the applicant’s age.

And, you also don’t need a big amount of money. The main target is to cover the funeral costs and leaving some money for the family.

No Medical Exam Life Insurance Is The Easiest

This one is the easiest and the quickest way to attain a life insurance policy. You can buy such a policy at any stage of your life irrespective of your age or health background.

Although such policies are quite expensive, there are many benefits that make them a great business churner for life insurance companies.

Those who are worried about their policy acceptance because of medical issues or, age factors can easily buy guaranteed acceptance life insurance.

You get them very quickly. As the application is processed hand in hand there is no long period to wait.

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Is There Any Eligibility Requirement?

Here are some factors insurers look at when determining eligibility.

The Age

Many seniors believe that because of their advanced age, they may not qualify for the policy.

This is not true as far as burial insurance plans are concerned. Any healthy person even those above 90 can buy the policy.

Medical Exam

Rarely, a provider will ask for a medical exam.

But, you may be asked to answer just a few questions concerning your health. Most insurers will want you to fill a basic medical questionnaire form.

Once it is done, you will be on your way to signing the contract.

So, Are You Eligible At 85+?

Yes, any person irrespective of age is eligible.

But, it is best for people who are advanced in age.

Also, anyone who has tried to seek the traditional policy but has not succeeded may be eligible for a no medical exam life insurance.

People with health issues and those believed to be at high risk can also find solace in this one.

The only problem is that the amount of premium one may be required to pay could be high because of the risks.

Besides, the payment structure may vary depending on the company in question.

Sample Rates For Life Insurance Over 85

Through this article, we will not be able to tell you the exact price because it changes every day and different in every state.

We recommend using the box below to find out the present rate by requesting quotes.

However, for your assumption, we are giving you an approximate monthly rate for both males and females aged between 85 to 89 years [don’t take the price too seriously, they may change anytime].


Once again, the price may vary depending on the person, state, and special conditions.

Use our price comparison tool to find the exact rate.

Is There Any Waiting Period?

As we have mentioned before, there is no waiting period.

Just, for your knowledge.

A few companies may offer the policy only with 2 years waiting period. If the insured person dies within this timeframe, there will be no death benefit.

However, for accidental death, the death benefit is offered.

If it’s not an accidental death, the insurer will pay only the premium already paid and a 10% interest.

The interest rate may vary depending on the agreement with the insurer.

Health Records and Credit Scores

There are some seniors who maintain a considerably healthy lifestyle and body even at this age. For them, it is possible to attain a policy with comparative ease.

At the time of application do not forget to present the reports of your good health along with your credit rating history.

Both of these factors will play a significant role in helping you in attaining an affordable policy.

A good credit rating score is a reflection of your duty-bound citizenship and your appreciative health cards reflect the increased chances of survival.

If you own some latest fitness certifications such as marathon winning or any other sports in your age group, these can work as add-ons in your favor.

Questions Asked by the Insurers

Before issuing a policy, every insurer asks a few basic questions. You don’t need to worry; we will give you a glimpse of the questionnaires.

There is no medical exam for policies at 85, hence, the question-answer session is really important.

Here are a few sample questions.

Do You Use Tobacco?

The use of tobacco matters a lot to the insurers. We all know that tobacco has a huge negative impact on our bodies.

If you are a tobacco user, no problem, you can qualify for smoker’s policy rates.

So, say the truth. Never try to hide it.

Have You Been to the Hospital in the Last 3 Months?

The insurer wants to get a clear idea of your health condition and wants to find the health class. Hence, they may ask this question.

It may also include the use of oxygen, aneurysm issues, limited to the bed or not.

Do You Have any Medical Condition?

For seniors over 85, it is a common issue. Having some medical condition doesn’t harm your policy a lot.

The insurer may also ask about heart issues, recovering from a stroke, diabetics, renal diseases, mental disorders, HIV, blood pressure, etc.

Don’t panic.

Stay with the truth. You will get your desired policy.

We frequently get clients who are looking for life insurance after a stroke. And, guess what? They never failed.

What Kind of Medicines Do You Take?

It’s a wise decision to take all the medicine prescriptions with you. This will help you to specify everything easily.

It is just to confirm that your health issues are getting the right treatment and under control.

Do You Ever Have Any of the Following?

    • Organ transplantation.
    • Alzheimer’s Disease.
    • Amyotrophic lateral sclerosis.
    • Glaucoma
    • Lung disease
    • Cataracts
    • Osteoporosis
    • Enlarged prostate
    • Kidney dialysis and bladder problems
    • Macular degeneration
    • Depression
    • Cardiovascular disease

How You Pass Your Day?

Wondering why it is!

Your daily lifestyle impacts a lot on your health.

For example, if you are active and do regular exercises, it suggests that you have less chance to face major health problems.

Staying connected with the senior’s community, social works will help you to refresh your mind.

And, we all know that a fresh mind is a fresh body.

Use of Drugs or Alcohol?

We hardly find a senior citizen to take drugs or, alcohol regularly.

However, taking it occasionally doesn’t matter but regular use could be harmful to health and life insurance policy as well.

You may not pass the drug test for life insurance.

How to Apply for Life Insurance Above 85

The application process is really simple and we will show you how.

Here are the 4 SIMPLE steps:

  1. Choose Your State from the Quotes Comparison Tool Box on this page (Just below).
  2. Click On Get Quotes.
  3. Click on At Least 3 Insurer’s Link (Get Quotes).
  4. Fill in the form and Request Quotes.

The insurer will do the rest of the work, they will contact you. You can buy the policy that offers the best deal to you.

Note: If you request a quote doesn’t mean that you have to buy that policy. Buy only if that suits you.

Compare and Shop

When you have decided to invest in a life insurance policy, be more watchful of the options that are available in the market.

At times people make buying decisions out of initial 2-3 offers that are first available to them.

However, the advertising campaigns can overlap the actual good offers from the highlighted ones.

You need to make a comparative analysis of most of the options available in the market and then make a decision on buying.

We have a comprehensive guide on life insurance for dummies, don’t forget to read.

Why Do Seniors Over 85 Need Life Insurance?

Considering the current economy, there are several reasons for getting a life insurance policy for the elderly over the age of 85.

In order to understand the needs, you should read the following points.


Life Insurance for Seniors Over 85Until the age of 85, they must have lived a life of self-reliance.

When they approach the later stages of life, they realize that things are not very much in their own control.

Such as illness (personal or that of any other member of the family), rituals, traditions, family expenses, etc everything keeps on running at its own pace.

With a lack of income or no income, it is not possible to live independently. A life insurance policy helps senior citizens to become self-sufficient.

They can borrow some loans on their policy and repay them later at a comfortable pace.

Thus, their requirements can be easily met and they do not have to look around for support in the time of need.

Supporting the Younger Ones

The mortality of life is very well known. When the seniors understand that their life can end anytime soon, they wish to leave some precious gifts for their younger ones.

They want to be remembered as the “provider” by their children throughout life.

Only a life insurance policy can help in fulfilling their wishes.

Ensuring The Life Of The Partner

When the couples realize that one of them will be the first one to decrease, they naturally get worried about their better halves.

In order to ensure the financial future of their surviving partner- they buy a life insurance policy.

At times both the partners are seen to be purchasing the life insurance given to the uncertainty of life.

They nominate each other in their policies. If any of them dies first, the other one can have enough to survive considerably.

Dignified Funerals

We often meet people with their last wishes of being cremated in a particular manner.

Some of them do not want their families or anyone else to bear the burden of their funerals and last medical expenses.

They buy policies so that their funerals can be done in the expressed way without having to worry about money.

Frequently Asked Questions

Here are the most common questions asked by people. Hope this will clear all the doubts and questions.

How Do You Tell When You Need Life Insurance?

Knowing whether you will need life insurance is simple. Just ask yourself a few questions.

First, do you have enough resources to cater to your final expenses?

If you don’t, then life or burial insurance could be the best option for you. It will protect your loved ones from unexpected costs.

Even when you think that you may afford the cost, consider the terms of the funeral home you are dealing with.

Can I Control The Benefits?

Yes, it all depends on the type of policy you buy.

Luckily, the pre-paid funeral insurance allows you to control what should be done at your funeral. It also allows you to pay more to cater to more expenses.

But, you will need to put your intentions in writing.

One copy should be kept with the attorney. Another copy should be kept with a trusted person who you want to take charge of the arrangements.

Can I Get Burial Insurance With Bad Health?

Yes, you can definitely qualify for a policy.

However, the cost may be on the higher end.

Is There Any Way To Get Discount?

It may not be possible for you to get a discount at this age. The regulations do not allow for such discounts.

What Is The Main Role Of A Burial Insurance?

It is a branch of life insurance that offers a pre-determined amount of money upon the death of the insured. Typically, this type of life insurance is cheaper.

The policy is designed to offer coverage to people who may not be allowed to access traditional life insurance.

Do The Premiums Change In The Burial Insurance?

Luckily, with burial insurance, the premiums do not change.

The amount of money you pay as premiums will mostly depend on your age and health status. Once it is determined it will not change.

After you buy the policy, you will be required to continue paying the same amount until the payout.

How Do I Choose The Best Company?

Many companies offer different types of policies. The policies are priced differently to give you many options.

Thus, it may be necessary to do some research and find one that offers one that best suits your needs.

Luckily, we offer free quotes service. It gives you a chance to sample them before choosing the best.

Can I Cancel The Policy Later?

A burial or whole life insurance canceled once you stop paying the premiums.

Unfortunately, you will not be entitled to get back the money you had paid.

Also, the beneficiaries will not receive benefits upon your death.

In some cases, when you stop paying the premiums, the policy becomes invalid.

If you are lucky, you may be refunded some fraction of the paid premiums.


Life insurance policy has opened the ways of self-dependence and financial safety for elderly parents. Hence, a little bit of planning can make life simpler and tension-free.

Three of these options we have discussed above are capable to accommodate the needs and can give peace of mind.

So, no more waiting.

Apply for free quotes and find out which one is the best for you!