What is the age limit for life insurance? | Ep.47
Georgia Safe Retirement Planners · Georgia Safe Retirement Planners
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Show Notes
Are you or a loved one wondering if it’s too late to secure life insurance? In this episode, we explore the age limits for life insurance policies, typically capped at 85. We break down the options available for seniors who may not qualify for traditional policies requiring medical exams, such as simplified issue and guaranteed issue life insurance.
Learn about the simplified issue policies that skip the medical exam and rely on a quick health questionnaire, offering coverage up to age 85. We’ll also dive into guaranteed issue policies, which offer nearly automatic approval for those aged 50 to 85, regardless of health status—perfect for those facing health challenges.
We'll discuss the trade-offs, like higher premiums and limited coverage amounts, and explain how these policies can still offer financial peace of mind through final expense coverage. If you’re approaching 85 or have a loved one who is, this episode will help you understand the options and make an informed decision about life insurance later in life. Tune in and get the clarity you need!