Are Older People Covered?

When researching life insurance for older people I came upon an interesting statistic! According to a 2002 article in the Wall Street Journal:

“[i]ndividuals age 65 and over have a total of $492 billion of life
insurance in force.”

That total may seem like a lot of money, but it is only four percent of the total US life insurance policies that are in force. Meanwhile, the age group over 65 makes thatlmost 75% of all deaths. It does seem odd that an age group which should be most concerned about passing away is not covered.

Older People Can Find Life Insurance

If you are over 65, you can find life insurance, and you can even find term life insurance for older people! Rates are dropping because people are living longer. In addition, insurers are marketing many simplified issue policies, so you can even find no medical exam life insurance for seniors.

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