Best Life Insurance for Seniors Over 60 (No Medical Exam Needed)
Finding the right life insurance in your 60s can be challenging, especially if you’re looking for coverage without a medical exam. The good news is that many top-rated life insurance companies now offer simplified or guaranteed issue policies designed specifically for seniors—making it easier than ever to get the protection you need without the hassle of medical testing.
This guide will help you compare the best life insurance options for seniors over 60 with no medical exam required, so you can make a confident, informed decision.
Why Choose No-Medical-Exam Life Insurance After 60?
As we age, traditional life insurance policies can become harder to qualify for or more expensive. No-medical-exam policies offer a solution by:
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Skipping lab tests and doctor visits
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Providing fast approval—sometimes same day
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Offering peace of mind, even with health concerns
These policies are ideal if you have pre-existing conditions, want a quick approval process, or simply prefer a no-hassle approach.
Top 5 Life Insurance Companies for Seniors Over 60 (No Medical Exam)
| Company | Type of Policy | Age Range | Coverage Amount | Approval Time |
|---|---|---|---|---|
| Mutual of Omaha | Guaranteed Issue Whole Life | 45–85 | $2,000 – $25,000 | Within days |
| AIG (Corebridge) | Guaranteed Issue Whole Life | 50–80 | $5,000 – $25,000 | Within days |
| Ethos | Simplified Issue Term | 20–85 | $20,000 – $2,000,000 | Instant (online) |
| Colonial Penn | Guaranteed Acceptance | 50–85 | Varies by age | Within days |
| Globe Life | No Exam Term & Whole Life | 60–90 | $5,000 – $100,000 | Same-day approval |
1. Mutual of Omaha – Best Overall for Seniors
Policy Type: Guaranteed Issue Whole Life
Why It Stands Out: Offers affordable, no-medical-exam coverage with permanent benefits and no health questions asked.
Highlights:
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Available for ages 45–85
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Lifetime coverage (not term)
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Fixed premiums that never increase
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Coverage starts immediately after 2-year waiting period
Best For: Seniors looking for a trustworthy provider with competitive pricing and permanent coverage.
2. AIG (Now Corebridge) – Best for Flexibility
Policy Type: Guaranteed Issue Whole Life
Why It Stands Out: Offers flexible premiums and includes chronic and terminal illness riders at no extra cost.
Highlights:
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No medical exam or health questions
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Riders for early access to benefits
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Simple application process online or by phone
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2-year graded death benefit (full benefit after 2 years)
Best For: Seniors with existing health conditions who want extra living benefit options.
3. Ethos – Best for High Coverage Amounts Without a Medical Exam
Policy Type: Simplified Issue Term and Whole Life
Why It Stands Out: Fully online process with instant decision for qualified applicants.
Highlights:
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Coverage up to $2 million (age-dependent)
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No medical exam for most applicants
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Term and permanent policy options available
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Fast and tech-friendly process
Best For: Seniors in good health looking for higher coverage with zero paperwork.
4. Colonial Penn – Best for Affordability
Policy Type: Guaranteed Acceptance
Why It Stands Out: Famous for offering $9.95 per unit pricing—though actual benefit varies based on age and gender.
Highlights:
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No health questions
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Acceptance guaranteed for ages 50–85
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Flexible coverage amounts
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2-year limited benefit period
Best For: Budget-conscious seniors wanting small final expense coverage.
5. Globe Life – Best for Immediate Coverage
Policy Type: Term and Whole Life
Why It Stands Out: Offers same-day approval with no medical exam and minimal health questions.
Highlights:
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Low starting rates
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Multiple policy types
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Quick approval process
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Coverage up to $100,000
Best For: Seniors who want coverage right away without delays.
What to Look for in a No-Medical-Exam Life Insurance Policy
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Type of coverage: Term vs whole life
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Age eligibility: Varies by insurer
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Waiting period: Most guaranteed issue policies have a 2-year limited benefit period
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Company reputation: Choose a provider with strong financial ratings and customer reviews
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Premiums: Fixed vs increasing premiums over time
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Benefit amount: Enough to cover final expenses, debts, or legacy gifts
Final Thoughts
The best life insurance policy for seniors over 60—without a medical exam—depends on your health status, budget, and goals. Whether you’re looking for final expense coverage or a larger death benefit, there are trustworthy companies offering easy, fast, and affordable options.
By comparing multiple providers and reading the fine print, you can find a plan that offers peace of mind to you and financial protection to your loved ones.
Frequently Asked Questions
Q1: Can seniors over 60 get life insurance without a medical exam?
Yes. Many companies now offer no-exam policies specifically for seniors.
Q2: Are no-medical-exam policies more expensive?
Generally, yes. But they offer faster approval and guaranteed acceptance in many cases.
Q3: How much coverage should a senior get?
It depends on your goals. Many seniors choose policies between $10,000 and $100,000 to cover final expenses, debts, or to leave a legacy.
