best life insurance for seniors

Best Life Insurance Companies for Seniors in 2022

When it comes to life insurance for seniors, there are a few things you’ll want to take into account. The first is the type of policy you’re looking for. Final expense insurance, for example, is designed to pay out a lump sum in the event of your death. This type of policy is a great option for seniors who want to make sure their loved ones are taken care of financially after they’re gone.

The best life insurance companies for seniors in 2022 may not be the same as the best companies for other age groups.  Seniors have different life insurance needs than younger people, and they also have more options to choose from.  


There are many factors to consider when choosing a life insurance company, but seniors should pay special attention to financial stability, customer service, and coverage options. 

We knew we wanted to make sure our list included life insurance policies for seniors with a range of features so that consumers could find the perfect policy for them. We took into account what age you can get Life Insurance at and how much coverage there is in total – which includes both premiums as well as benefits such as accidental death or disability coverages!

Here are our top picks for the best life insurance companies for seniors in 2022.

Best Overall For Seniors: Mutual of Omaha

First on our list is Mutual of Omaha. When it comes to Life insurance for seniors, Mutual of Omaha is a great option. The company offers a wide range of life insurance products, including whole and universal policies as well as guaranteed issue whole life policies for people between the ages of 45 and 85 (50 and 85 in New York). Policies are available with coverage up to $25,000, and all policies must be purchased through an agent.

You can also get your estimate online if it’s convenient; however please note that only some products give estimates on their website which may make choosing difficult without talking directly to someone knowledgeable about what exactly meets one’s needs best.

Why We Chose Mutual of Omaha?

✔Excellent customer service ratings

✔Coverage continues until 85

✔A broad range of products

✔Coverage up to $25,000

✔Purchased through an agent

✔Been in business since 1909.

Life insurance is one of the main products offered by Mutual of Omaha, so you can be confident that the company knows what it’s doing when it comes to life insurance.


Best Final Expense Insurance: AIG

AIG Afriendinsurance

What’s the most important thing to consider when shopping for Final Expense life insurance? It may sound silly, but your final expense coverage will determine how much peace of mind you have in case something happens.

AIG has some great options that can help cover funeral costs and other end-of-life expenses with low enough limits so they’re perfect if this concern matters most! They also offer guaranteed whole life policies starting at $5k up through 25K – which means there’s plenty available without having any major gaps or restrictions on what kind would be best suited based on age alone (aside from ages 80+).


Why We Chose AIG?

✔Final expense life insurance with guaranteed whole policies starting at $5,000

✔Low maximums compared to some other providers

✔Rated poorly for customer satisfaction, due to bad support experiences

If you’re looking for a good Final Expense insurance policy, AIG is a great option. Their policies are affordable and have low maximums, which makes them a good choice for those looking for peace of mind. However, AIG is rated poorly for customer satisfaction, due to bad support experiences. So, if you’re considering buying a policy from AIG, be sure to read the reviews first to see if you’re comfortable with the customer service.


Also check out, our review on Best Final Expense Insurance For Seniors

Best Term Life Insurance: Legal & General

Legal & General offers a limited selection of policies, but for seniors looking to get the best price on term life insurance, they are worth checking out. You must be 75 or younger before signing up with this provider though as your coverage will continue beyond that point unless it ends early due to other conditions like death from accidents while driving etc… 

Why We Chose Legal & General?

✔Lowest price for those aged 75 and under

✔Coverage continues until age 85

✔No Exam Needed

✔Easily compare quotes online

If you’re looking for Term Life insurance in California, be sure to check out Banner. They offer the lowest prices for people aged 75 and younger, and coverage continues until age 85. Plus, no exam is needed to sign up. You can easily compare quotes online.


Best Whole Life Policy: MassMutual

Mass Mutual Afriendinsurance

Mass Mutual is a company that offers insurance and financial services nationwide. Massmutual’s A+ (Superior) AM Best rating makes them one of the best companies in their field, with an excellent track record for customer satisfaction which was apparent when they won “Best Company” at last year’s edition!

They also provide whole life coverage on seniors up to 64 years old through this new policy called Direct Term — what makes it so unique? Well simply put: buyers don’t need any documents required from other providers because all requirements are done online before purchase begins. 

Once you hit 64 years old, the convertible term life insurance policy automatically becomes a whole life policy without any extra fees. This company also offers guaranteed issue policies but no living benefits are available as of now.


Why We Chose Mass Mutual insurance?

✔Highest customer satisfaction ratings

✔Offers whole life coverage for seniors 64 and under

✔No medical exam is required for Direct Term policy

✔Automatic conversion to whole life at age 64 without extra fees


Best for AARP Members: New York Life

New York Life Afriendinsurance

New York Life offers several different types and amounts in their coverage, depending on your needs. For example, they have whole life insurance for those that want to be covered from birth until death as well as term plans which can cover you during retirement years when income may decline due to age or disability; additionally, there’s a universal service option available to ensure no one goes uninsured!

AARP members get exclusive pricing with this company by using an agreement between them called the “Partnership Program.” This allows seniors over 50% off regular rates – so if someone is only interested in small amounts such as $10K

New York Life is a one-stop-shop for all your life insurance needs with great ratings. It earned an A+ rating from AM Best and hasn’t had any issues paying claims in the past, which makes them seem like a really safe company to do business with!

Why We Chose New York Life?

✔Above-average ee customer satisfaction 

✔Outstanding customer service ratings

✔A wide range of policy options

✔Flexible payment plans

✔When it comes to finding the best life insurance company for seniors, New York Life is a clear frontrunner. Their policies offer above-average payouts, and they have excellent


Best For No Medical Exams: Gerber

Gerber Afriendinsurance

The Gerber Grow-Up Plan is an exciting way for grandparents to provide financial security and peace of mind. It allows seniors who have grandchildren that are ages 0-18 years old with them, or out on their own already (without children), the option to buy life insurance in those kids’ names! Premiums start when they’re young – say at age three–and then double every other year up until 18; after which time you can keep paying into it if desired but either cash all benefits out OR continue coverage forever as long as your grandchild remains dependent upon.

Why We Chose Gerber Life Insurance?

✔There are no medical exams required

✔You can choose $10,000, $25,000, or $50,000 worth of coverage

✔Your premiums will never go up for as long as the policy is in effect

✔The company has been in business for over 50 years


Most Senior-Friendly: Transamerica

TransAmerica Afriendinsurance

Transamerica has a reputation for being more accepting of senior citizens than most life insurance companies.

Transamerica offers a variety of life insurance policies, including term and final expense coverage. They also offer senior citizens up to 85 the opportunity for high-quality death benefits with limits above most competitors’ maximums–$40K vs., say $25k from another company!


While it is easy to find the information you need on this site, there are some limitations when using their website because the website is very basic with limited functionality. You will have better luck calling an agent directly instead of going through all these clicks and more complicated processes online!

Why We Chose Transamerica?

✔They are more senior citizen-friendly than most life insurance companies

✔Offers a variety of life insurance policies, including term and final expense coverage

✔Offers up to $40K in death benefits, compared to other companies who only offer $25k or less.

✔They have been in business for over 100 years

✔Their premiums are very affordable


Best Affordable Premiums: Prudential

Prudential Afriendinsurance

Prudential offers a wide range of living benefits with both term and universal life insurance policies. One advantage is that many senior-specific plans include accelerated death benefit options, also known as “living” or cash value riders for those who need additional funds at their disposal in case something happens to them before retirement age; this can be especially helpful if you’re planning on staying healthy!

Prudential offers the most extensive living benefits package of any insurance company. With up to 100% access depending on your condition and age, they’ll always have an option for you when it comes time to plan financially in retirement or while being sick!

Why We Chose Prudential?

✔They offer the widest variety of living benefits

✔Up to 100% accelerated death benefits, depending on your age and health condition

✔Very affordable premiums across all policy types

✔Extensive experience, being in business for over 170 years

So, these are the best life insurance companies for seniors in 2022. All of them offer a wide variety of plans and benefits, making it easy to find one that will fit your specific needs. They also have years of experience, providing you with the assurance that your policy will be handled fairly and accurately.


How we chose Life Insurance companies for Seniors in 2022

We looked at 25 different insurance companies to find the best life coverage for seniors. We compared policy premiums and options available, like medical exams that are required of applicants age 65 or older; we also considered other factors which might affect your chances of being approved such as an applicant’s age limit (65 years old) and


We read through customer reviews and walked you through the process of getting a quote. After that, we looked at available support options to evaluate your overall experience with us! Finally–we considered an insurance company’s financial stability rating which gives them enough time before they’re rated again so it will be accurate when next updated in 2032…


When choosing a life insurance company, it is important to consider all of your options and make sure you are getting the best deal possible. We tried our best to give you the best possible life insurance options for seniors in 2022, but it is always important to do your research before making a final decision.


Wanna know how to generate Cheap final Expense leads?

Leave a comment