Life Insurance For 72 Year Olds – Get Help Here!

If you have come to this page, it is probably because you are 72 years old and looking for more information about how to purchase life insurance. 

We can help!

In this article, you can read everything you need to know about choosing the right life insurance for your age and health condition. 

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I am 72 years old. Why do I need life insurance?

All senior citizens need life insurance. There are several reasons why you may want to take out insurance if you are 72 years old: 

  • You may want to cover your final expenses. This is the most common reason why people purchase life insurance when they are 72 years old. Many seniors have little or no savings when they retire. At the same time, they don’t have adequate insurance coverage to pay for funeral and other final expenses. Life insurance can help them take that burden off the shoulders of their loved ones. 
  • You need to pay off debt. At the age of 72, you may want to buy life insurance to pay off debt such as mortgage or credit card debt.
  • You need to compensate for lost income. Many 72 year old seniors buy life insurance because they need to replace income after the loss of their spouse who was the primary earner in the family. 
  • You wish to leave a legacy for your loved ones. You may want to buy life insurance so that you can leave money behind to your family members, like helping your grandchildren when they start college, for example. 

What are coverage options for 72 year olds?

You have several different options to choose from:

Whole Life Insurance

If you are 72 years old and looking for life insurance, whole life insurance is what we would usually recommend. As long as you are paying your premiums, this type of insurance will never cancel because of your age or your health. This means that you can’t outlive whole life insurance. 

Our whole life insurance options offer “simplified issue” underwriting. In other words, you qualify without having to take a medical exam or give blood. You will only be asked a few simple health questions.

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What’s more, whole life insurance rates never increase, and you qualify for a first day full coverage. Of course, this is especially important if you are on a fixed income. 

Universal life insurance

Universal life insurance is an excellent life insurance option if you are 72 years old and in good health. You should keep in mind that, if set up incorrectly, guaranteed universal life insurance for seniors may cancel prior to death. But if it is set up right, universal life is permanent life insurance coverage that you can’t outlive. 

Term life insurance

Term life insurance for seniors is often considered to be the best form of life insurance. It guarantees coverage for a certain number of years. The insurance has lower premiums compared to whole life insurance, but it doesn’t build any cash value. 

There are several downsides to this type of insurance that you may want to keep in mind if you are 72 years old.

First of all, this insurance is difficult to qualify for. Most seniors over 60 years applying for term insurance get denied due to their age or health issues.

Secondly, you may end up outliving the policy and then you’ll be left with no insurance. These are the reasons that most 72 year olds prefer not to get term life insurance.

What if I still want term insurance?

If you still want term insurance, we can help you find a suitable policy for your needs. We can choose an insurance carrier who is easier on underwriting and find you a quality term life insurance suitable for 72 year olds.

Will I Need A Medical Exam?

You don’t necessarily need to have a medical exam to qualify for life insurance if you are 72 years old. 

You should consider the coverage called “simplified issue coverage”. With this type of life insurance, you don’t need to undergo a medical exam. You only have to answer a couple of questions about your medical history. 

Unlike other life insurance programs, this option for 72 year old men and women is very quick and simple. You will have your application approved almost immediately. 

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Can I qualify for a life insurance policy if my health is not good?

Yes, even if your health is not the best, you can qualify for a life insurance policy. 

At Buy Life Insurance For Burial, we’ve got plenty of life insurance options for 72 year olds regardless of your health condition. We can help you find a good policy if you have one of the following illnesses or conditions: 

  •  Heart issues
  •  Cancer 
  •  Mental health disorders
  •  Lung diseases such as COPD
  •  Diabetes
  •  Neurological disorders like Parkinson’s or lupus
  •  etc.

And even if you suffer from any advanced pre-existing conditions, you can still qualify. We can offer something called no questions asked whole life insurance. This type of life insurance is available for policyholders until they turn 80. 

Can I afford life insurance if I am on a fixed income?

If you are a 72 year old on a fixed income, you’ve come to the right place. Many Buy Life Insurance For Burial senior customers have limited resources and can’t afford expensive premiums.

If this is your case, we’ll work with you to adjust the price to fit your budget. We’ll make sure to get you exactly the policy you need at a price that suits your financial situation. 

What insurance carriers do you recommend for coverage on 72 year old seniors?

The carrier we will recommend depends on your particular situation. Every life insurance company is different and has unique health and other requirements. Not every carrier or policy will suit everyone’s needs equally. 

At Buy Life Insurance For Burial, we represent several top-rated national insurance carriers. This is why we can always recommend the best coverage options for your needs and help you get great coverage at a low price. 

Can I get coverage for my 72 year old parents?

Yes, you can get life insurance for your parents who are 72 years old and make payments for the policy premiums from your account. We have helped many customers get burial insurance and life insurance coverage for their parents. 

However, you can get insurance only under the condition that your parents can sign the policy. You must have your parents’ consent unless you have power of attorney. 

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I get mail from AARP, Colonial Penn, and see many television commercials about burial insurance. Why shouldn’t I buy life insurance from them?

AARP and Colonial Penn have been advertising their final expense burial insurance for seniors on television and by mail. However, before you decide to buy their insurance, there are a few things you need to know. 


AARP life insurance offers mostly term life insurance. This type of life insurance policy cancels at age 80. So if you get to be over 80 years old, you risk losing your AARP term life insurance coverage. Clearly, this may not be the ideal life insurance for you. 

And that’s not all. The term life insurance plans proposed by AARP go up in price every 5 years. By the time you are 72 years old, the coverage will become very expensive. Many seniors drop their AARP plans because the premiums get too high over time. 

Colonial Penn 

Colonial Penn life insurance is a life insurance company endorsed by Alex Trebek, the host of Jeopardy! 

If you read the fine print of their policy, you’ll see that the “guaranteed acceptance” doesn’t cover for a natural death in the first two years. This may clearly not be the best product for your needs. 

We can help you get you a much better policy that starts immediately without the need to wait or risk outliving the coverage.

How can I get a free life insurance quote from you?

Getting a free quote from us if you’re a 72 year old man or woman interested in taking out a life insurance policy is very simple. 

All you need to do is call us toll-free at 888-626-0439. If we’re unavailable, leave us a message and we’ll get back to you as soon as possible. It will take us just a few minutes to give you a free quote.

Or you can request a quote online. If you’re on your smartphone, click the button at the top to request a free quote. If you’re on your desktop computer, fill out the information to your right and click “submit”. You’ll receive several price options and we’ll follow up with you to make sure that you’re happy with the quote.