Laura Berry is a former State Farm insurance producer and insurance expert.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com.

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Reviewed by Daniel Walker
Licensed Car Insurance Agent

UPDATED: Jan 16, 2017

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Don't miss these facts...

  • Insurance carriers, if they choose, can sell life insurance to anyone.
  • Some niche insurance carriers may be better equipped to price a life insurance policy for a 90-year-old.
  • There are unique coverage options that you may need as a 90-year-old buying life insurance.


One of the more common questions that insurance companies get is whether or not they offer life insurance to certain individuals. Someone who is 20-years old can go out and buy the life insurance, but what about someone who is up there in age at or around 90?

Can a 90-year-old indeed go out into the life insurance marketplace and buy themselves a policy with the coverage that they need?

The simple answer to that is yes, they absolutely can, but it is up to you as a consumer to do the legwork to find that perfect match of an insurance carrier.

Insurance is a fascinating thing as it is all based on risk and the risk appetite of individual insurance companies.

Some insurance companies may have no issue at all allowing a 90-year-old to buy a life insurance policy, while other companies may not offer this type of policy at all, without any exceptions.

It all depends on the insurance company that you reach out to and what their risk appetite is, as well as their underwriting areas of expertise.

Learn more about life insurance policies below and don’t miss out on our free insurance comparison tool above!

Anyone Can Buy Life Insurance

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Anyone can buy a life insurance policy, that should be put out there clear and at the forefront. The only limit to you purchasing a life insurance policy is your ability to find an insurance carrier to sell you the coverage that you want.

The only limit that insurance carriers have is what they are willing to accept from a risk perspective.

If an insurance carrier trying to sell you a policy, they can find you a customized product to meet your needs and charge you a reasonable premium amount in exchange for that product.

The Internet has made things a lot easier regarding being able to find insurance carriers and link them up with you as a consumer. A quick search online now can help you find all sorts of different insurance carriers in the market.

They all have various policy types, different appetites that they work off of, and so on. Some may offer insurance policies to everyone, while others may be more niche insurance carriers.

Enter your zip code below to view companies that have cheap life insurance rates.

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Finding the Premium Value Point

You need to locate the premium cost point if you are shopping for a life insurance policy for a 90-year-old.

There are going to be many insurance carriers that will allow you to buy such a policy but may charge you such a high premium in exchange for the coverage that it is almost not even worth following through with the effort.

It is all about finding value.

Many insurance carriers will work to get you as a consumer the best price possible.

They will compete with other carriers based on their risk appetite, what they know about you as a risk and how much of a risk you present, and they will try and get you a premium that is representative of the coverage you need and the threats prevalent to them at least breaking even on the sale.

There are plenty of sites out there online that will let you quickly make price comparisons from one insurance carrier to the next to find that right value point.

Niche Carriers Exist

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There are plenty of big carriers in the market, but the niche carriers may be able to provide you with more value and more customized coverage options.

These niche carriers are going to have underwriters that have a lot more expertise in pricing out insurance policies for those that are older in age.

They will understand these risks better, know what premiums can be charged to help maintain their desired loss ratio, and could get you a premium that is much more reasonable.

These niche carriers may also be able to assist you with coverage options. The coverage options they will be able to provide could be more tailored towards your unique needs, far more customized.

As a 90-year-old buying life insurance, chances are you are going to have needs that are unique when compared to someone who is 20-years-old and looking to just buy more of your standard, run of the mill life insurance coverage.

As a consumer it is paramount to do your homework, shop around so that you can find that life insurance policy as a 90-year-old that you truly need.

The insurance coverage options are out there, it is up to you to use the power of the Internet and make price comparisons, find that value point of coverage and premium dollars that you are comfortable with.

The insurance market is one that is extremely competitive, especially in the space of life insurance. Take advantage of this as a consumer so that you can get the best policy possible at a premium price point that elicits genuine value.

Don’t miss out on our free insurance quote tool below! Just enter your zip code below and start comparing rates today!

References:

  1. https://www.newyorklife.com/articles/six-tips-for-first-time-life-insurance-buyers/
  2. http://www.forbes.com/sites/amydanise/2015/12/17/insiders-tips-buying-life-insurance/#429951f17e56
  3. http://www.moneycrashers.com/tips-buying-life-insurance-first-time/
  4. http://www.clark.com/how-shop-term-life-insurance
  5. http://www.investopedia.com/articles/personal-finance/022615/how-age-affects-life-insurance-rates.asp