We all need life insurance even in our old age. Life insurance for seniors over 85 is available and we will explain how to get it quickly. You don’t need to take any medical exam and there will be no waiting period.

In this guide, we will try to explain every detail and answer all your questions.

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To know everything, keep reading or click on any of the links below to find a specific section.

Available Life Insurance Options for Seniors Over 85

Young people have lots of options. But, with age the options get limited.

There are three options available for YOU:

  1. Whole life insurance
  2. Burial/Final expense insurance
  3. Universal life insurance

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

Whole Life Insurance for Seniors Over 85 [Best Option]

options for seniors above 85

Whole life insurance is the best option because it takes the money and puts it into a high-interest savings account.

The interest generates cash value. This option offers the best solution because you only pay the payments while you are living.


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. 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. This type of option adds flexibility allowing you to borrow it out of your policy.

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
  • Monthly premium never increases
  • Fixed coverage amount
  • Builds cash value
  • Never expires
  • Has tax benefits

Funeral or Burial Insurance (Second Option)

Burial and funeral insurance 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 but 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 in the range of $2,000 to $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.

Types of Burial Insurance plan

It is difficult to select a suitable burial insurance plan as there are many options.

Unfortunately, most of the information is always biased. It is to convince you to make a buying decision.

So, we have decided to shed some light on the types of burial insurance policies available. This is to help you make an informed decision.

Pre-Need Funeral Insurance

The policy is suitable to purchase only to pre-arrange the burial and funeral services. Funeral homes and agents sell this.

The benefits:

  • Buy a burial plot
  • Buy an urn or a casket
  • Avail cars and flowers
  • Meet the cost of embalming or cremation

Pre-need is a legal contract where you pay for your funeral cost in advance. The payments can be made monthly or quarterly. It is a whole life insurance plan that stays in effect as long as you live.

It comes with the following benefits.

  • The cost of the funeral is locked
  • Spares your family from the need to make decisions about your burial arrangement
  • The benefits are paid immediately.

Final Expense Insurance

If you want a policy that is not limited to burial expenses, then the Final Expense Insurance is the best. This policy is readily available and can be purchased at any time.

Once purchased, it will remain in force as long as you are paying the premiums. The policy accumulates in cash value and its coverage can range from $5000 -$25,000.

Even though, some companies may offer coverage for $50,000-75,000.


  • Has no restriction so anyone can qualify for the coverage
  • It is a whole life policy, thus it can never expire
  • Covers all expenses and not just the funeral
  • You can document how you wish the benefits to be used

Funeral Trust

It is one of the options you may need to consider if you are 85+. The policy allows you to deposit funds into an interest-earning account. The funds are then distributed to the primary beneficiary after you die. It avails funds to be used to make the final arrangements.


  • The contributions earn an interest
  • Payout is almost immediate

Burial Insurance

It allows payments to be made to the beneficiaries immediately you breathe your last. The benefits range from $5000- $10,000. The money can be used to meet burial costs and any other need.


  • It is an ideal cover for people who do not have other covers. It could be used to cover for final expenses.
  • Covers end of life expenses.


  • It is a term life insurance so the premiums may increase with age and may expire before it is needed.

Guaranteed Acceptance Burial Insurance

The policy will cover the insured irrespective of their age, risk factors, and health. It is the best choice for individuals who cannot qualify for other plans. Such individuals are considered to be high-risk factors.


  • The applicant receives coverage without the need to undergo an exam. Furthermore, they do not need to fill a medical questionnaire
  • There are no medical exams
  • Health, age or risk factors cannot deny one coverage as it is in traditional life insurance.

Why Burial Insurance Are Growing In Popularity?

increasing popularityA burial insurance cover is an inexpensive way of obtaining a life insurance cover. It is designed to give people coverage until one hits the 100-year 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 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 Of Burial Insurance Plan

Although the plan is regarded as a low benefit one, it is valuable coverage that is easy to organize. The insured can choose to pay the premiums weekly or monthly. In some cases, you can be allowed to pay all the premiums in advance.

Buying the plan comes with the following benefits:

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

Note that the policy may vary depending on the insurance company you are dealing with. The benefits vary from $5,000 to $25,000. But there are plenty of insurance companies that offer as much as $50,000-$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.

Why People Choose This Type of Coverage?

The cost of funeral and burial services continues to increase as inflation continues to soar. Thus, in recent days, it is not surprising to see people struggling to give their loved ones a befitting send-off. They collect money from relatives and friends to help them foot the burial cost.

It is a little bit embarrassing and so few people would wish to see this happen when they are gone. Fortunately, the burial cover is designed to provide a solution to this problem. It is an important cover to anyone who wants to pay for the cost of funeral and burial services when they still live.

So, if you do not plan to leave a burden to your loved ones, consider buying a burial insurance policy.

Also, it is interesting to note that most of the policies don’t just cover the cost of burial or cremation. They also avail funds to buy things like a burial plot. They also avail funds to meet many other expenses. Some of the expenses include paying taxes on real estate’s left behind by the diseased.

In some cases, the proceeds could be used to pay medical bills or buy an urn and caskets. Other items that the insurance companies may provide include a car. The car will be available for use throughout the period until the insured is laid to rest.

Also, the family of the deceased could receive a monthly bonus from the insurer. The money may be used to pay out for bills such as utility and food. It also allows the memorial service to be conducted according to the deceased’s will.

A Few Drawbacks

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

  • Firstly, some insurance companies 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, this can be avoided by doing some window shopping before deciding to buy a policy. This way, you will buy a policy that fits your needs.
  • Thirdly, a burial insurance policy is not an investment. Anyone who chooses to take the cover may not have control of how the funds will be endowed. Besides, many companies charge high premiums. It means that some of the policies will cost more. So anyone planning to purchase them may need to pay more.

Universal Life Insurance is an Expensive Option

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

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 life insurance 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.

You can take a loan anytime…

[Whole life also has this loan feature]

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.

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 universal life insurance as a way to supplement your monthly income.

Here 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 this age.


There are three (3) reasons behind this, don’t worry, we will explain everything.

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 will 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 period which is 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

Whole life insurance you can get the coverage you want and the premium is also reasonable.

However, you can’t expect huge coverage as you don’t need a lot of money.  The main target is to cover the funeral cost and leaving some money for the family.

How to Get the Best Life Insurance for Seniors Over 85?

The word “best” doesn’t comply very much when it comes to the life insurance policy at this stage of life. However, we can suggest a few measures that will help you in finding easier ways to have one:

Get No Medical Exam – No Waiting Period Life Insurance Policy

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.

First of all- those who are worried about their policy clearance because of medical issues or age factors can easily buy guaranteed acceptance life insurance.

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

People at the age of 85 years are mostly not in a very good state of health. No medical exam policy can be a good option to consider.

Is There any Eligibility Requirement?

The cost of burial has been on the rise. Currently, it averages at about $9500. This is, certainly, a colossal amount of money that most families will struggle to raise. So, if your family cannot raise such an amount, you need to consider a burial insurance policy.

Here are some factors insurance companies look at when determining eligibility:

The Age

Many seniors believe that because of their advanced age, they may not qualify for the cover. This is not true in as far as burial insurance plans are concerned. Any healthy person even those above 85 can buy the policy.

Medical Exam

Rarely will the provider of burial insurance 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.

Once it is done, you will be on your way to signing the contract. In the guaranteed issue plan, you will neither be asked for an exam nor fill a questionnaire. You will be guaranteed approval as soon as you express your interest and sign a contract.

So, Who is Eligible?

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 cover but has not succeeded may be eligible for the cover.

People with health issues and those believed to be at high risk can also find solace in this cover. 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 insurance company in question.

Life Insurance Over Age 85 Rates

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 you to use the box below to find out the present rate by requesting quotes.

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


Once again, the price may vary depending on the 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

In most of the companies, there are 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 life insurance 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 a life insurance 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 Insurer Before Issuing a Policy

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 policy 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, the use of tobacco has a huge negative impact on our bodies.

Say the truth.

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

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

The insurer wants to get a clear idea of your health condition and want 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.

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

How You Pass Your Day?

Wondering why it is!

Your daily lifestyle impacts a lot to your health. For example, if you are active and take regular exercise, 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 Drug or Alcohol?

We don’t find too many seniors take drugs or alcohol.

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

How to Apply for Life Insurance?

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

Here are the 4 SIMPLE steps:

  • Choose Your State from the Quotes Comparison Tool Box on this page (just below).
  • Click On Get Quotes.
  • Click on At Least 3 Insurer’s Link (Get Quotes).
  • Fill the Form and Request for Quotes.

The insurer will do the rest of the work. They will contact you and 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.

Details of the Process Of Applying For Coverage

Knowing the process of applying for a cover is important. It will help you buy a good cover cheaply.

Continue reading and we will navigate you through the process in a short while.

First, you need to identify the best insurance for you. You can do this by asking for quotes from different companies. Compare the rates and decide which one of them is the best for you.

The next thing you must do is to determine the type of cover that is suitable for your needs. Also, you need to decide the burial insurance cover that you need. Choose the most affordable policy.

Once you have identified the cover and your preferred agent, request for the underwriter. You have to supply information about your medical history by filling a form.

Also, you need to provide info on family history and diseases. Besides, you must update them on incidents that may have led to hospitalization.

Wait for the underwriting results. If you are successful, you accept the policy by signing a contract.

Where to Buy Life Insurance Policy

At this point, you have enough information on the types of burial insurance options you have. You also know how much it will cost to buy one.

But, you need to decide where you will buy the most ideal plan for you. We recommend that you buy a plan through an agent like us. As we only work with the senior citizens, we know which one is the best for you.

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

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.

A few websites offer comparison tools or free software that can help you in simplifying the search. Even the local vendors can also provide help in sorting out the best policy for you in the given budget and specifications.

Why Do Seniors Need Life Insurance Policy?

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 you approach the later stages of life, you realize that things are not very much in your 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. An insurance policy helps senior citizens to become self-sufficient.

They can borrow some loans on their policy and repay it 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 policy given to the uncertainty of life at this stage.

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

Frequently Asked Questions

Burial insurance policies are the list understood covers across the globe. As such, we must consider some of the frequently asked questions. This will clear the air and help you to make up your mind.

How Do You Tell When You Need Burial Insurance?

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

First, do you have enough resources to cater for your final expenses? If you don’t, then burial insurance could be the best option for you. It will protect your loved ones from the unexpected costs.

Even when you think that you may afford the cost, consider the terms of the trust you are dealing with. If the funds will not be available immediately, it may force you to consider a burial insurance cover.

Can The Insured Control What Is Paid As A Burial Insurance Benefit?

Yes, it all depends on the type of cover 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 so as 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 One Get Burial Insurance With Failing Health?

Yes, you may qualify for a guaranteed acceptance even though the premiums may be high. In fact, the final cost of the cover will be determined by your age and your general health status.

Also, you may be required to wait for between 2-3 years before the policy comes in force.

Can One Get A Discount?

It may not be possible for one to get a discount on this cover. The regulations do not allow for such discounts. But, you will be allowed to either buy a cheaper term plan or a more expensive whole-life.

Unfortunately, the term insurance could expire before you die. This is why it may be necessary for you to consider a pre-need plan. It is one of the few plans that lock the current price for the funeral. So, even when the price increases later, the insurance company would still meet the cost.

What Is The Main Role Of A Burial Cover?

It is a branch of life insurance that offers a predetermined amount of money upon the death of the insured. Typically, this type of cover is cheaper than life insurance.

The policy is designed to offer coverage to people who may not be allowed to access the traditional life insurance cover.  Such people are considered high risk. So, they can only be allowed to take a policy that covers the cost of the funeral service.

Do The Premiums Change In The Burial Insurance?

Luckily, with burial insurance, the premiums do not change. Once you buy the cover you will be required to continue paying the same amount of premiums until the payout.

But, 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.

However, if the insured dies before a particular time, the beneficiaries will not receive the full benefits.

How Do I Choose The Best Company?

Many companies offer different types of burial insurance 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, most of them offer free quotes. It gives you a chance to sample them before choosing the best.

Can I Apply For A Cover If I Have A Health Issue?

Yes, burial insurance policies were designed for people who cannot get a cover under the traditional insurance arrangements. But again, it is important to find out if the insurance you have chosen covers the type of health issue you have.

Besides, find out if the policy requires a medical examination or not. If it doesn’t, it implies that anyone can apply and get covered.

Can You Cancel The Policy?

A burial policy stands 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 cover becomes invalid.

If you are lucky, you may be refunded some fraction of the paid premium. But if the policy is found to be fraudulent, you will be entitled to a full refund.


Life insurance policy has opened the ways of self-dependence and financial safety for elderly parents. They no longer look around for “free medical services” or “money lenders” to fulfill their needs at this stage of life. A little bit of planning can make life simpler and tension free.

Both burial and whole life insurance for seniors over 85 are capable to accommodate the needs and can give peach of mind.

To find the best rates you need to apply for free quotes. You can see a box on our site, put on your zip, and search for a suitable policy.