Finding the right life insurance doesn’t have to be confusing. Many seniors assume they need a guaranteed-issue policy—like those offered by Colonial Penn, AARP, or State Farm—but that’s rarely the case. Guaranteed-issue coverage is only necessary if standard underwriting cannot approve you, either due to serious health conditions (organ transplant, Alzheimer’s, stage 3 cancer) or other life circumstances (recent incarceration, felony record, or other high-risk factors). Most seniors with common conditions such as diabetes or a past heart attack still qualify for standard coverage at a lower cost with full first-day benefits. Don’t self-prescribe guaranteed issue—speak with an independent life insurance professional first.
Recommended Senior-Friendly Life Insurance Carriers
These are some of the most widely available senior-friendly life insurance products across the country. While other options exist in certain states or niche markets, this short list highlights carriers we consistently use because they offer reliable coverage, straightforward underwriting and consistently are budget friendly.
- Mutual of Omaha – Established 1909; strong senior product commitment; very good customer service.
- SBLI – Established 1907; includes Funeral Concierge Service; excellent for seniors.
- Foresters Financial – Established 1874; flexible underwriting, especially for diabetes.
- Royal Neighbors of America – Established 1895; flexible underwriting, senior-friendly policies.
- American Amicable – Established 1910; strong rates for smokers.
These carriers’ final expense policies are specifically designed for seniors. They account for real-life health conditions, medications, and lifestyle factors—not just ideal applicants. An independent advisor compares options, explains eligibility clearly, and helps you find the best value for your dollar, not just the easiest approval.
Ready to see what you actually qualify for? The comparison takes just a few minutes and costs nothing. Review your options with a licensed independent broker and avoid overpaying for the wrong type of policy.
No obligation. Independent advice. Multiple carriers compared.
Licensed • Independent • No Obligation
Stop guessing which company is best for your health and age. Our licensed independent advisors compare top carriers to find the coverage that actually fits.
Full first-day benefits. Personalized guidance. Updated 2026 rates.