The Best Life Insurance for Seniors in 2025

Highlights

• Maximum issue age: 80 (85 with final expense)
• Policy types: Term, whole, universal, final expense
• Coverage amounts: Up to $150,000 for seniors
• Availability: All 50 states plus Washington, D.C.
• Medical exam required: No

Founded in 1909, Mutual of Omaha is a reputable insurance company with strong financial credentials. They offer a range of life insurance products, and their intuitive website makes it easy to choose between perks and benefits such as premiums that never increase, cash value policies, lifelong protection, and no medical exams. Additionally, their whole life policies give you the option to pick your coverage in increments of $1,000, although we wish they offered higher coverage amounts for whole life insurance, like Fidelity Life and Corebridge Direct do.

» Avoid Medical Exams: Best Life Insurance for Seniors Without Medical Exams

Plans and Pricing

We researched Mutual of Omaha life insurance plans for 65-year-old applicants living in Austin, Texas.

*Plan availability, monthly premiums, and coverage limits may vary based on your age, gender, health, and location.

Unlike AARP, which offers double the death benefits for whole life insurance, Mutual of Omaha’s plan is comparable to a modest final expense plan. The coverage amounts range from $2,000 to $25,000. We like that you can increase or decrease the whole life coverage in $1,000 increments, ensuring you get exactly the amount of coverage you need and can afford. It’s also a big plus that the premiums never increase, and you won’t have to worry about medical exams.

As for term life and universal life, it’s impossible to get a quote online, which is a drawback. Based on our research, 65-year-olds in Austin, Texas, should expect to pay premiums between $40 and $60 per month for a 20-year term life insurance plan with Mutual of Omaha. That’s more affordable than a comparable term life plan from Northwestern Mutual. Mutual of Omaha’s universal life plans are similar in cost to their term life plans. However, the premiums are more difficult to gauge because universal life allows you to adjust your premiums and death benefit to meet your needs.

Customer Feedback

Like many carriers, Mutual of Omaha gets mixed reviews from customers. Many praise the company for offering affordable insurance products and a fast claims process. Based on our experience speaking with agents, they seemed well-informed and friendly. Some customers, however, have complained that the company charged them more than the agreed-upon premium and took months to issue a refund. Others said they’ve had to play phone tag for weeks with the company just to get someone on the line.

» For Whole Life Plans: The Best Whole Life Insurance for Seniors

Highlights

• Maximum issue age: 80
• Policy types: Term, whole, final expense
• Coverage amounts:Up to $150,000 for seniors
• Availability: All 50 states plus Washington, D.C.
• Medical exam required: No

AARP is dedicated to the betterment of adults over the age of 50, and they’ve teamed up with New York Life to provide some of the most valuable and affordable life insurance plans for older adults. Not only are the rates competitive, but none of the plans require medical exams. Add in relatively high coverage limits (more than double Mutual of Omaha’s), and you’ve got one of the top contenders for life insurance carriers. Just remember that the plans are available only to AARP members, but you can sign up for a membership when you apply for an insurance policy.

» Becoming a Member: A Guide to AARP Memberships

Plans and Pricing

We researched AARP life insurance plans for 65-year-old applicants living in Austin, Texas.

*Plan availability, monthly premiums, and coverage limits may vary based on your age, gender, health, and location.

We really like the pricing transparency that AARP offers. You have to enter a bit more information to get an online quote than you would with Mutual of Omaha or Fidelity Life, but you get quotes for every plan type. AARP also offers some of the most affordable life insurance plans for seniors, with death benefits that can go as high as $150,000 (term life) or $100,000 (whole life). The only downside is that you need to be an AARP member to get a plan, which costs an additional $20 per year. AARP members, however, have access to tons of resources and discounts you couldn’t get through a traditional insurance carrier.

» Reap the Rewards: AARP Travel Discounts

Customer Feedback

Both AARP and New York Life are trusted companies, but reviews of their life insurance products are mixed. Many reviews praise the ease of getting an online quote, with most seniors appreciating that no medical exams are required. Many customers, however, feel misled about certain plans, claiming they missed details hidden in the fine print. Others complain that the claims process can be quite slow, taking weeks or months to resolve.

Highlights

• Maximum issue age: 85
• Policy types: Term, whole, universal
• Coverage amounts: Up to $1 million for seniors
• Availability: All 50 states plus Washington, D.C.
• Medical exam required: No

Northwestern Mutual operates in all 50 states and Washington, D.C. They’re best known for whole life insurance plans that pay dividends and build cash value, but they also offer term life plans with far higher coverage amounts than most carriers on this list.

There are, however, some caveats to consider. The company provides little information about costs, coverage amounts, or plan benefits on their website, so you’ll need to call a representative to get a quote and find out more about your plan options. Adults 65 or over also have access only to certain plans and reduced death benefits compared to younger applicants.

Plans and Pricing

We researched Northwestern Mutual life insurance plans for 65-year-old applicants living in Austin, Texas.

*Plan availability, monthly premiums, and coverage limits may vary based on your age, gender, health, and location.

Like Mutual of Omaha, Northwestern Mutual doesn’t offer pricing transparency or much information about plan benefits on their website. We had to call a sales representative to learn about their plans. We would have liked to see online quotes and easier access to whole and universal life premiums.

After a little digging, we got quotes for some of the carrier’s term life plans. The downside is that, for those who are 65 or older, the only available term life span is 10 years. But the coverage amounts are far higher than Fidelity Life, AARP, and Mutual of Omaha.

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Northwestern Mutual reduces the maximum death benefit substantially for older adults looking for a whole life or universal plan. Based on our research, 65-year-olds can expect to pay between $400 and $600 per month for a $100,000 whole or universal life insurance policy with Northwestern Mutual.

Customer Feedback

One of the biggest advantages of Northwestern Mutual is their feedback from consumers. Some reviewers have complained about high premiums and poor communication with customer service, but the majority have been happy with their overall experience. According to past and current customers, Northwestern Mutual offers valuable plans, fast claims processing, and no misleading fine print. Overall, Northwestern Mutual got the best customer feedback of any carrier on our list.

» Learn About: The Best Term Life Insurance for Seniors

Highlights

• Maximum issue age: 85
• Policy types: Term, whole, final expense
• Coverage amounts: Up to $150,000 for seniors
• Availability: 48 states (not New York or Wyoming)
• Medical exam required: No

Fidelity Life has been around for over a century, and they are among the best life insurance carriers for older adults. They’re great for older seniors who are just now thinking about life insurance, because they offer a maximum issue age of 85. The premiums are lower and the benefits are higher than carriers like Mutual of Omaha. It’s important to consider that some plans require medical exams, and seniors ages 65 or over cannot access term life plans that exceed 20 years.

» Also Check Out: Best Travel Insurance for Seniors

Plans and Pricing

Below are estimates for Fidelity Life insurance plans for 65-year-old applicants living in Austin, Texas.

*Plan availability, monthly premiums, and coverage limits may vary based on your age, gender, health, and location.

Fidelity Life is a solid choice for seniors because they have plans specially for older adults. The only whole life plans are final expense policies, but Fidelity Life offers various term life plans that are affordable and don’t require medical exams. As the names imply, the RapidDecision plans give you approval in minutes. Applicants just need to answer a few medical questions. That makes Fidelity Life ideal for seniors who may worry that their health would make them ineligible for a good policy.

» Also Check Out: The Best Cheap Life Insurance for Seniors

Customer Feedback

Similar to Northwestern Mutual, Fidelity Life gets positive feedback from most of their policyholders and plan beneficiaries. Most reviews praise the affordable plans for people of all ages, with particular emphasis on the senior-specific offerings. As with many large companies, however, interactions with customer service are mixed. We’ve gotten some feedback that the company acts slowly when making changes to existing policies and is not always quick to resolve issues over the phone.

Highlights

• Maximum issue age: 80
• Policy types: Term, whole, universal, final expense
• Coverage amounts: Up to $10 million for seniors
• Availability: 48 states (not New York or Vermont)
• Medical exam required: Yes, in most cases

Corebridge Direct, formerly known as AIG Direct, was founded in 1995. That makes it the newest insurance company on our list. They offer some of the highest coverage amounts of any carrier, though, with some seniors able to get plans with death benefits of up to $10 million. Unlike AARP and Northwestern Mutual, however, Corebridge Direct isn’t available in every state. Except for their guaranteed-issue plan, all Corebridge Direct life insurance plans also require a medical exam.

Plans and Pricing

Unfortunately, Corebridge Direct is not as transparent as AARP or Fidelity Life about their premiums. That can make it challenging to get an estimate unless you go through with an application. Fortunately, we found some information on rates for different term life insurance plans for 50-year-old applicants.

*Plan availability, monthly premiums, and coverage limits may vary based on your age, gender, health, and location.

The prices above are not for 65-year-old applicants, so premiums would likely be substantially higher. You’ll need to call Corebridge Direct to get a more accurate quote. The company’s website offers plenty of information about their plans, but they don’t offer online quotes. If you want whole, universal, or final expense insurance, the company doesn’t provide any pricing info. That makes it difficult to know if Corebridge Direct is the best choice for your wallet without beginning the application process.

» Helpful Guide: A Guide to Finance for Seniors

For seniors who don’t want to take a medical exam, the only option is a guaranteed-issue policy. Corebridge Direct offers plans with maximum death benefits of $25,000.

Customer Feedback

Like Mutual of Omaha, Corebridge Direct gets mixed reviews from customers. Those who praise the company often report positive interactions with friendly, well-informed customer-service agents, but many reviews say the claims process is very time-consuming and convoluted.