A single quote tells you little. Here's how to get and compare senior life insurance quotes the smart way.
What affects your life insurance quote as a senior?
Your quote depends on age, health, gender, tobacco use, the policy type, and the coverage amount. Age is the biggest factor — premiums rise every year. Health matters for underwritten and simplified-issue policies, while guaranteed-issue ignores it but costs more. Larger coverage amounts and permanent policies cost more than smaller or term policies. Because each carrier weighs these factors differently, the same person can receive widely different quotes. That's why comparing several insurers, rather than accepting the first quote, is essential.
How to compare quotes accurately
To compare fairly, request quotes for the same coverage amount, policy type, and term length from each carrier. Look beyond price to the carrier's financial-strength rating (A.M. Best A or higher), the graded-benefit terms, and whether premiums are level. Beware of teaser quotes that change after underwriting. The most reliable way to get apples-to-apples comparisons is to work with an independent agent who pulls quotes from many carriers at once. Call 1-800-MEDIGAP for honest, side-by-side quotes — we never advertise fake guaranteed rates.
Why use an agent for quotes?
An independent licensed agent can pull quotes from many carriers in one conversation, saving you from filling out form after form and fielding sales calls. They also know which carriers tend to price favorably for your age and health, so you're more likely to land a competitive rate. Because senior life insurance pricing is so variable, this guidance often finds better coverage for less. Call 1-800-MEDIGAP to get multiple quotes compared by a licensed agent at no cost to you.