Buying life insurance can become more difficult as you get older, but it’s certainly doable. This is partly because life insurance gets more expensive as you age. But it’s also because you may have developed health issues that make life insurers less inclined to approve your application. But if you’re over 50 and need a new life insurance policy or additional coverage, you still have plenty of options. Best not to wait, though.

While having a golden answer to the question of which life insurance company is best would certainly be easier, the truth is that the best life insurance company for people over 50 will depend on a number of factors. In addition to deciding based on preferences, a person will need to carefully consider what it is they need and want out of a life insurance policy tofind the bestoption for them!

Before deciding on a life insurance company, it’s important to determine the type of coverage needed. It can be challenging to narrow down and select life insurance for seniors, so this process is essential.

Three life insurance policy options include whole, term, and final expense life insurance.

  • Whole Life Insurance – Also known as a permanent life insurance policy, whole life insurance lasts from the point of purchase until death. This policy type can be pricey for seniors as factors like health and age are taken into account when determining the premium amount.
  • Term Life Insurance – A term life insurance policy is one that lasts for a certain, pre-determined span of time. This can be a 10 to 30-year term , depending on what is best for the individual being insured.
  • Final Expense Insurance – A third common option for life insurance coverage is a final expense, with a smaller benefit to cover end-of-life expenses.

What to Look for When Choosing a Life Insurance Company

When choosing senior life insurance, there are a few factors to consider. As individuals hit the 50-year mark, finding a life insurance policy that works for them can become more complex. To avoid this, start the search as early as possible with these considerations in mind.

  • Medical exam or no medical exam
  • Budget
  • Coverage length
  • Purpose of life insurance
  • Benefit amount
  • Policy type
  • Financial needs

How to Choose a Life Insurance Company If over 50

Choosing senior life insurance can be a challenge – it doesn’t need to be. There are a few key characteristics to look out for when choosing a life insurance company.

Customer Service

A life insurance company’s service can make all the difference in taking out a policy. They should be able to answer any questions that arise and guide potential customers to understand a plan’s ins and out’s. With so many life insurance companies out there, there is no need to tolerate a subpar company.


No one’s life is built the exact same as another person’s. Because of this, life insurance policies are unique and require flexibility to fit an individual’s needs. In other words, life insurance policies are not one size fits all. A reputable company will help work through the options and determine the plan specifics that best align with a person’s unique needs.

While there are many companies out there, not all offer the customer service and flexibility required to help prospective individuals find the policy for them. Fidelity Life offers affordable senior life insurance options that can fit any lifestyle, accommodating those over 50.

The bottom line

Those in their 50s will need to carefully consider what they need and want out of a life insurance policy to find the best option for them. Consider getting a policy like a term life, whole life, universal life, or final expense insurance.

Fidelity Life offers term life policies and makes it easier for people to get them. Consumers can get a quote and buy online or a licensed agent can help match consumers with a life insurance policy that meets their needs and guide them through the application and purchasing process.

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