Being over 75 does not close the door on coverage. Burial insurance is made for older seniors. Here is how to qualify.
Can you buy burial insurance after 75?
Yes. Burial insurance is specifically designed for older seniors, and most carriers accept applicants up to 85, with some guaranteed acceptance plans going to 89. Two routes exist. Simplified issue plans ask a short health questionnaire and reward good health with lower premiums and immediate coverage. Guaranteed acceptance plans ask no health questions and accept nearly everyone, with a two- to three-year graded benefit period. For a healthy 75-year-old, simplified issue often offers better value; for those with serious conditions, guaranteed acceptance ensures coverage no insurer can decline.
What to expect on price and coverage at 75+
Premiums are higher at 75 and above because life expectancy is shorter, so benefit amounts are often kept modest, commonly $5,000 to $15,000, to keep payments affordable. A non-smoking 76-year-old might pay roughly $90 to $170 a month for $10,000 in coverage, varying by health and carrier. Rates climb every year you wait, making prompt application important. Because carriers price older applicants very differently, comparing several is the best way to find an affordable rate. Call 1-800-MEDIGAP (1-800-633-4427) and a licensed agent will shop carriers for you.