Life Insurance for Seniors with Health Problems

Can a senior citizen with a pre-existing health condition get life insurance?

It depends on your health issues, how old you are, and the life insurance company you apply to for a policy.

There are companies offering fully underwritten life insurance policies that require a medical exam for people who are seniors with health problems.

In addition, there's guaranteed approval life insurance available for seniors. These guaranteed issue plans do not require any physical exam or health questions to be answered. And, you can't be turned down because of any health problems.

However, guaranteed approval life insurance has graded benefits the first two years you are insured. That means, you won't have full coverage until after being insured for two years. That's how they can accept everyone who applies.

Some of the leading providers of guaranteed issue no exam life insurance policies for seniors include United of Omaha, MetLife and Colonial Penn, among others.

Here's how to buy life insurance for seniors with health problems