Life Insurance For 73 Year Olds: Get A Quote Here!
Are you 73 years old and looking for information about life insurance? Or perhaps you would like to know more about insurance options for your 73 years old parent? In any case, you’ve come to the right place!
In this article, we’ll tell you everything you need to know about the best policies for 73 years olds. The good news is, regardless of your health condition and financial situation, we have a solution for you.
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I am 73 years old. Do I need life insurance?
The short answer is yes. We believe that all senior citizens need life insurance. Here are the main reasons why you would want to have life insurance if you are 73 years old:
- You want to cover your final expenses. In our experience, many seniors have little or no savings when they retire. In this case, good life insurance can help them take the burden off the shoulders of their loved ones to pay for funeral costs, burial or cremation, and other final expenses.
- You want to compensate for lost income. Seniors often buy life insurance because they wish to compensate for income after the loss of their spouse who was the primary earner.
- You want to leave a legacy for your loved ones. Buying life insurance at the age of 73 will allow you to leave money behind to your family. For example, you may want to help your grandchildren with their college expenses.
- You want to pay off debt. If you are 73 years old, you may want to use your life insurance to pay off debt including mortgage or credit card debt.
What coverage options do I have as a 73 year old?
There are several different options 73 year olds can choose from when it comes to life insurance:
Whole Life Insurance
At Buy Life Insurance For Burial, we usually recommend whole life insurance to senior citizens of your age.
One of the main advantages of this type of insurance is that it will never cancel because of your age or your health, as long as you are paying your premiums. In other words, you can’t outlive whole life insurance.
And that’s not all.
Our whole life insurance options offer something known as “simplified issue” underwriting. This means that you qualify for insurance without having to take a medical exam. You will only be asked a few simple health questions when you apply.
What’s more, whole life insurance rates never increase, and you qualify for first day full coverage. This is especially important if you are on a fixed income and want to make sure that premiums don’t get too expensive after a while.
Universal life insurance
Universal life insurance is a great option if you are a 73 years old man or woman in good health. If set up right, guaranteed universal life insurance for seniors is permanent coverage that you can’t outlive.
Term life insurance
Many consider that term life insurance for seniors is the best form of life insurance for seniors. The insurance has lower premiums compared to whole life insurance. But on the downside, it guarantees coverage only for a certain number of years.
Besides, if you are 73 years old, this type of life insurance may be difficult to qualify for. Most seniors over 60 years who apply for term insurance get denied due to their age or health issues or refuse coverage due to high premiums.
Plus, you may end up outliving the policy and then you will be left with no insurance at all. This may not be the optimal life insurance for you.
What if I still want term insurance?
If you still want term insurance, we’ll be happy to work with you to find a suitable policy for your particular needs. We will choose an insurance carrier who is easier on underwriting and can help you get quality term life insurance suitable for 73 year olds.
Can I qualify for a life insurance policy if my health is not good?
Yes, even if your health is not great, you can still qualify for some life insurance policies. At Buy Life Insurance For Burial, we’ve got several life insurance options for 73 year olds regardless of their health condition.
We can help you find good life insurance if you have heart issues, cancer, mental health disorders, lung diseases, diabetes, neurological disorders like Parkinson’s or lupus, and some other illnesses and conditions. And you can still qualify even if you suffer from any advanced pre-existing conditions.
Insurance known as no questions asked whole life insurance is available for policyholders until the age of 80. You can’t be turned down due to your health, and once you are insured, your rate will never go up.
Will I need a medical exam?
You are not always required to have a medical exam to qualify for life insurance if you are 73 years old.
With “simplified issue coverage”, you don’t need to undergo a medical exam. You only have to answer a couple of questions about your medical history in the application form.
Unlike other life insurance programs, this option for 73 year olds is very quick and simple and your application will be approved almost immediately.
Can I afford life insurance if I am on a fixed income?
If you are a 73 year old on a fixed income and can’t afford expensive premiums, we can help you. We’ll work with you to adjust the price to fit your budget and 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 73 year old seniors?
We can recommend various carriers depending on your particular situation. Every life insurance carrier has unique health requirements and won’t suit everyone’s needs equally.
At Buy Life Insurance For Burial, we represent top-rated national insurance carriers. We will always recommend the best coverage options for your needs and help you get a great policy at the lowest price.
Can I get coverage for my 73 year old parent?
Yes, you can get life insurance for your parents who are 73 years old. We have helped many customers get burial insurance and life insurance coverage for their parents. You can make payments for the policy premiums from your account.
The only condition is that your parents sign the policy. You must have their written consent to take out insurance in their name unless you have power of attorney.
Why shouldn’t I buy life insurance from AARP and Colonial Penn?
Perhaps you have been receiving mail from AARP and Colonial Penn or saw television commercials advertising burial insurance for seniors.
But before you consider buying insurance from AARP and Colonial Penn, there are a few things you need to know:
AARP life insurance offers mostly term life insurance. However, this may not be the ideal life insurance for you if you are 73 years old.
The reason for this is that their life insurance policy cancels at age 80. This means that if you get to be over 80 years old, you risk losing your AARP term life insurance coverage.
Plus, the term life insurance plans proposed by AARP go up in price every 5 years. So by the time you are 73 years old, your coverage will become very expensive. Many seniors have to drop their AARP plans because the premiums get too high after a while.
Colonial Penn life insurance company is endorsed by Alex Trebek, the host of Jeopardy. If you read the fine print, you’ll see that their “guaranteed acceptance” life insurance actually doesn’t cover natural death in the first two years. This may not be the best product for a 73 year old senior.
In fact, at Buy Life Insurance For Burial, 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?
If you are a 73 year old man or woman interested in a free life insurance quote from us, all you need to do is call us toll-free at 888-626-0439.
If we’re unavailable, leave a voicemail and we’ll get back to you as soon as possible. It will take us just a few minutes to get you with a free quote.
If you would rather not call, you can also request a quote online. On your smartphone, click the button at the top to request a free quote. On your desktop computer, fill out the information to your right and click “submit”. We’ll get in touch to follow up with you and see if you’re happy with the quote.