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Last Verdict Every company in this list has exceptional alternatives for life insurance coverage for individuals 50 and older. Which business works best for you will depend upon your needs and your age. Regrettably, some policy types, like term, become unavailable the older you get. In  Keep Checking Back Here , you'll struggle to find 30-year term protection if you're 55 or older.

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Another is that its quotes were the least expensive for this age. Nevertheless, other good alternatives for term are Penn Mutual and Guardian, which both provide inexpensive coverage to 55-year-olds. If you're in the marketplace for long-term life insurance coverage, you'll find more options in your 50s, as the majority of insurance coverage providers provide whole and universal life insurance policies to individuals as much as age 80 or 85.

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Those two business (along with Penn Mutual) likewise provide dividends and have exceptional A++ AM Best ratings. However have a look at which living benefits each company provides. If getting an early payout due to a chronic, crucial, or terminal disease is essential to you, Nationwide policies consist of the most living benefits at no additional cost.

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If you're over 50, examine out Penn, Mutual, which provides to $7. 5 million in coverage to applicants approximately age 65, and Nationwide, which provides up to $1 million in protection if you're between 50 and 60. However if you have health problems and simply require a small policy for which approval is really likely or ensured, try Mutual of Omaha.

The 7 Best Life Insurance Companies for People Over 50

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At what age can you no longer buy life insurance coverage? 90 years old is the greatest problem age we have actually seen from any life insurance company. But many companies won't provide policies to individuals older than 85. That said, various policy types have different age cutoffs; if you're trying to find term insurance, problem ages are even lower.

: Permanent life insurance describes universal and entire life policies. Most companies make these offered to applicants up to age 85, however some business have a maximum issue age of 80 or 90.: Term life insurance is available in different lengths. Thirty years is the maximum length offered with the majority of business, though some offer 35- and 40-year term policies.