Yes, it is possible to get life insurance after the age of 65. While the availability and options may vary depending on the insurance company and individual circumstances, there are insurance providers that offer coverage specifically designed for seniors. Here are some key points to consider:
1. Guaranteed Issue Life Insurance: This type of life insurance does not require a medical exam or health questions. It is typically available to individuals between the ages of 50 and 85, making it a viable option for seniors over 65.
2. Simplified Issue Life Insurance: This type of life insurance also does not require a medical exam, but may ask a few health-related questions. It is generally available to individuals between the ages of 18 and 80, including seniors over 65.
3. Fully Underwritten Life Insurance: This type of life insurance requires a medical exam and a more detailed health assessment. While it may be more challenging to qualify for fully underwritten life insurance as a senior, it is still possible depending on your health and other factors.
It's important to note that the premiums for life insurance coverage may be higher for seniors, as the risk of mortality increases with age. Additionally, the coverage amounts available may be lower compared to what younger individuals can obtain. It's recommended to compare quotes from different insurance providers to find the best options for your specific needs.
Please keep in mind that this information is a general overview, and it's always a good idea to consult with a licensed insurance professional who can provide personalized advice based on your individual circumstances and goals. They can help you navigate the available options and find the most suitable life insurance coverage for you.
I hope this helps! Let me know if you have any other questions.