Best Life Insurance for 84 Year Old: Secure Your Legacy Now

Best Life Insurance for 84 Year Old

Life insurance is an important financial tool that can provide peace of mind and financial security for both you and your loved ones. It is never too late to consider purchasing life insurance, even at the age of 84. While it may be more challenging to find coverage at this age, there are still options available that can meet your needs. In this article, we will discuss the best life insurance options for 84-year-olds.

Term Life Insurance

Term life insurance provides coverage for a specific period, typically ranging from 10 to 30 years. While it may be more challenging to obtain term life insurance at 84, some insurance companies still offer coverage for this age group. However, you may face higher premiums and limited coverage amounts.

One advantage of term life insurance is that it tends to have lower premiums compared to permanent life insurance policies. This can be beneficial if you are on a tight budget but still want coverage to protect your loved ones financially.

When considering term life insurance at 84, it’s essential to evaluate your specific needs and health condition. Some insurance companies may require a medical exam or ask detailed health-related questions to determine your eligibility. As you age, the likelihood of pre-existing medical conditions increases, which can impact your insurability and premiums.

Guaranteed Universal Life Insurance

Another option for 84-year-olds is guaranteed universal life insurance (GUL). GUL is a type of permanent life insurance that offers coverage for the rest of your life, as long as premiums are paid on time. It provides a death benefit and can also accumulate cash value.

GUL policies are often more accessible to obtain compared to traditional whole life insurance policies at this age. They typically offer lower premiums and more flexibility in terms of policy customization. Some insurance companies might not require a medical exam but may ask a few general health questions.

It’s important to note that GUL policies may not provide the same level of cash value accumulation or investment opportunities as traditional whole life insurance policies. However, if your primary goal is to secure a death benefit for your loved ones, GUL can be a suitable option.

No Medical Exam Life Insurance

If you prefer to avoid medical exams, there are also options available for no medical exam life insurance. These policies have simplified underwriting processes, meaning they typically do not require a medical exam or extensive health questionnaires. Instead, the insurance company will evaluate your eligibility based on your age and answers to a few basic health-related questions.

No medical exam life insurance policies can offer quicker approval times and easier accessibility for individuals with certain health conditions. However, it’s important to note that these policies usually have lower coverage amounts compared to traditional life insurance policies.

Final Expense Insurance

For 84-year-olds who are primarily looking for coverage to cover funeral and burial expenses, final expense insurance can be an ideal choice. Final expense insurance, also known as burial or funeral insurance, is a type of whole life insurance policy with a lower coverage amount specifically designed to cover end-of-life expenses.

Final expense insurance policies are often easier to qualify for and do not require a medical exam. Premiums are typically more affordable, making it a popular choice for older individuals who wish to ease the financial burden on their loved ones.

Frequently Asked Questions Of Best Life Insurance For 84 Year Old: Secure Your Legacy Now

Can An 84-year-old Get Life Insurance?

Yes, many insurers offer life insurance options for individuals up to 85 years old.

What Are The Benefits Of Life Insurance At 84?

Life insurance for an 84-year-old provides financial security to loved ones, covers funeral expenses, and can leave a legacy.

How Much Does Life Insurance Cost For An 84-year-old?

The cost of life insurance for an 84-year-old varies depending on factors like health condition, coverage amount, and policy type.

What Types Of Life Insurance Are Available For 84-year-olds?

There are various life insurance options for 84-year-olds, including term life, whole life, and burial insurance.


While it may be more challenging to find life insurance coverage at the age of 84, there are options available that can meet your specific needs. Whether you opt for term life insurance, guaranteed universal life insurance, no medical exam life insurance, or final expense insurance, it’s important to carefully evaluate each option’s pros and cons.

Consider your budget, health condition, and desired coverage amount when making a decision. Consulting with a knowledgeable insurance professional can also help you navigate the different options and choose the best life insurance policy for your needs.

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