What insurers look at after 70
By your 70s, most people have some health history, and insurers expect that. The health questions are not meant to turn everyone down. They sort applicants into the type of plan that fits. Issue ages vary, but many final expense plans accept new applicants up to 85, so there is usually more than one option in your 70s. Many insurers ask about the same core topics.
- Heart, lung or kidney conditions, and when they were diagnosed
- Hospital stays or surgery in the last 2 to 5 years
- Medications, including insulin, and oxygen use
- Tobacco or nicotine use
- Whether you need help with daily activities, such as bathing or dressing
Accurate answers protect your family
Many insurers also check prescription history and medical records, so answer each question as accurately as you can. An answer that does not match the records can delay the application or change the plan you are offered. If you are not sure of a diagnosis date, say so and look it up rather than guess.
Talk to a licensed agent: (949) 807-3995
Level or graded: what the difference means
If your answers fit a level benefit plan, the full face amount is usually paid from the first day. If they point to a graded benefit plan, the first two or three years work differently. During that time, if death comes from natural causes, the benefit is reduced or limited, for example to a percentage of the face amount or to the premiums paid plus interest. After that period, the full benefit applies. Accidental death is usually covered in full from the start.
A graded plan is not a bad plan. For someone with a recent heart event or a serious condition, it can be the right way to get coverage in place. What matters is knowing which type you are buying, so your family is not surprised.
Picking a face amount in your 70s
Many people in their 70s choose an amount close to the funeral they want rather than a large policy. The National Funeral Directors Association's 2023 General Price List Study put the national median cost of a funeral with viewing and burial at $8,300, not counting the plot or marker. Some add a little more for final medical bills or travel for family. The face amounts you can choose may get smaller as your age goes up, and they depend on the insurer and your state.
How the call works for someone over 70
The agent asks your date of birth, tobacco use and the health questions, so it helps to have your medication list in front of you. They check which insurers you may qualify with and compare level and graded options for your amount side by side. If an adult child is helping, they can stay on the line. If you choose a plan, you can apply by phone on the same call. The quote is free and you are under no obligation.
