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5 Best Life Insurance for Seniors in September 2025

MassMutual, Guardian and Northwestern Mutual top our list of the best life insurance companies for seniors.
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5 Best Life Insurance for Seniors in September 2025
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Aug 29, 2025
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The best life insurance companies for seniors at a glance

The cost of life insurance coverage can increase with age, but many insurers will accommodate older adults, even if they're not in the best of health. 

Here are NerdWallet’s picks for the best life insurance companies for seniors based on factors such as maximum issue age, flexibility and medical exam requirements.

NerdWallet's life insurance content, including ratings and recommendations, is overseen by a team of writers and editors who specialize in life insurance. We follow strict editorial guidelines to ensure the content on our site is accurate and fair so you can make financial decisions with confidence and choose the products that work best for you.


Best overall: MassMutual

Best overall

MassMutual Life Insurance

MassMutual

Bottom line: Few providers issue whole life products to applicants over age 85, which makes this insurer a good bet for older seniors looking for permanent coverage.
Financial strength rating Exceptional
Online purchase Yes
NAIC complaints Far fewer than expected
Policies offered Term & permanent

💰 MassMutual sample monthly rates

  • Male: $228.33

  • Female: $156.25

Pros

  • Wide range of term and permanent life insurance policies.
  • Supports online claims.
  • Low number of complaints.

Cons

  • Most policies require a medical exam.

Why we picked it: MassMutual gets top marks on NerdWallet’s life insurance scoring system based on our analysis of financial strength, complaint rates and transparency. The company issues policies at high maximum ages, so MassMutual whole life insurance might remain accessible to older applicants even after many competitors’ policies are no longer available due to age.

MassMutual term life policies for seniors

  • Max issue age: 75.

  • Coverage: $100,000+.

MassMutual whole life policies for seniors

  • Max issue age: 90.

  • Coverage: $25,000+.

» Read the full review: MassMutual life insurance review

Best for payment flexibility: Guardian Life

Best for payment flexibility

Guardian Life Insurance

Guardian Life

Bottom line: Depending on your age, you may have the option to pay off your whole life policy in 10, 15 or 20 years.
Financial strength rating Exceptional
Online purchase No
NAIC complaints Far fewer than expected
Policies offered Term & permanent

💰 Guardian sample monthly rates

  • Male: $235.18

  • Female: $154.93

Pros

  • Flexible payments for whole life insurance.
  • Very few complaints from customers.
  • Offers unique coverage options, such as policies for HIV-positive applicants.

Cons

  • Minimal policy details on the site.
  • Can’t buy a policy online.

Why we picked it: Guardian offers several options for when and how you pay for whole life insurance. For example, you can choose to pay premiums for a period of 10 or 20 years, after which the policy is paid up — it stays active, but you no longer owe any money for it. (You can also do regular, continuing payments if you’d prefer.)

Choosing a paid-up option could be helpful if you expect to have lower or less flexible income in later years.

Guardian term life policies for seniors

  • Max issue age: 75 (1-year and 10-year terms), 70 (15-year term), 65 (20-year term).

  • Coverage: $100,000+.

Guardian whole life policies for seniors

  • Max issue age: 90.

  • Coverage: $25,000+.

» Read the full review: Guardian Life insurance review


Best customer experience: Northwestern Mutual

Best customer experience

Northwestern Mutual Life Insurance

Northwestern Mutual

Bottom line: With far fewer complaints than expected for a company of its size, Northwestern Mutual is a trustworthy choice.
Financial strength rating Exceptional
Online purchase No
NAIC complaints Far fewer than expected
Policies offered Term & permanent

💰 Northwestern Mutual sample monthly rates

  • Male: $198

  • Female: $165.83

Pros

  • Lower complaint ratio than expected for a company its size.
  • Highly rated for customer satisfaction in J.D. Power study.
  • Consistently pays a dividend to eligible customers, which is common among mutual life insurance companies.

Cons

  • Company website doesn’t give specifics about coverage amounts or riders.
  • Limited riders available.

Why we picked it: Northwestern Mutual has better complaint rates than any other life insurance company NerdWallet reviewed, on average. It’s also consistently a top performer on J.D. Power studies of customer satisfaction with individual life insurance policies.

Northwestern Mutual term life policies for seniors

  • Max issue age: 70.

  • Coverage: $100,000+.

Northwestern Mutual whole life policies for seniors

  • Max issue age: 85.

  • Coverage: $50,000+.


Best for coverage flexibility: USAA

Best for coverage flexibility

USAA Life Insurance

USAA

Bottom line: USAA allows you to convert your term policy to permanent coverage before it expires, which can be useful if you think you’ll want lifelong coverage at a later date.
Financial strength rating Strong
Online purchase No
NAIC complaints Fewer than expected
Policies offered Term & permanent

💰 USAA sample monthly rates

  • Male: $222.90

  • Female: $185.40

Pros

  • Low number of complaints from consumers.
  • Some policies include free perks for military personnel, such as a $25,000 severe injury payment.
  • Option to add $100,000 coverage to its term life policy after a major life event.

Cons

  • Some policy types are issued by partner companies rather than USAA.
  • No live chat or email options for customer service.

Why we picked it: For anyone looking to skip the medical exam, USAA offers a guaranteed issue policy, underwritten by Mutual of Omaha. You’re not required to answer any health questions or take a life insurance medical exam to qualify for coverage. Plus, unlike some of its other financial products, USAA's life insurance isn't limited to military families.

USAA term life policies for seniors

  • Max issue age: 70.

  • Coverage: $100,000 to $10 million.

USAA whole life policies for seniors

  • Max issue age: 85.

  • Coverage: $25,000 to $10 million.

» Read the full review: USAA life insurance review


Best for burial insurance: AARP/New York Life

Best for burial insurance

AARP Life Insurance

AARP

Bottom line: AARP’s policy is available to its members and their spouses, and the insurer has a relatively low complaint volume for a company of its size.
Financial strength rating Exceptional
Online purchase No
NAIC complaints Fewer than expected
Policies offered Term, permanent & no-exam

Pros

  • No medical exams required.
  • Fewer than the expected number of complaints to state regulators.
  • Anyone age 50 and up can get access through AARP membership.

Cons

  • Limited benefits for the first two years of coverage.
  • Higher coverage amounts may not be available.

Why we picked it: AARP is one of our top picks for best burial insurance. Any AARP member can qualify for up to $30,000 in guaranteed acceptance life insurance from New York Life.

This coverage is permanent and doesn’t require a medical exam or health questions. AARP members and their spouses up to age 85 are eligible in most locations, but a few states and territories have lower age limits to apply.

If you might not qualify or be able to afford other life insurance coverage due to age or health, guaranteed issue burial insurance could be an option worth considering.

AARP/New York Life guaranteed acceptance life insurance for seniors

  • Max issue age: 85 (80 in certain states and territories; 75 in New York).

  • Coverage: Up to $30,000. You may be able to request a higher coverage amount by calling New York Life.


How we rate the best life insurance companies

✅ 441 life insurers reviewed

📝 185 policies assessed

🔢 1,315 data points analyzed

📊 Star rating categories

When NerdWallet evaluates life insurance companies, our editorial team considers the insurer's strengths and weaknesses, as well as the things that matter most to customers buying a long-term financial product. We then weigh these factors carefully:

💰 Financial strength (40%). We use AM Best ratings to confirm an insurer’s financial stability and ability to pay claims far into the future. The top life insurance companies have an exceptional financial strength rating of A+ or A++ (Superior).

🗣️ Consumer complaints (40%). Our top-rated life insurance companies have fewer than the expected number of complaints to state regulators over a three-year period, according to the National Association of Insurance Commissioners — so you can expect a smoother customer experience.

👀 Policy detail availability (10%). Our methodology gives higher scores to transparent insurers who clearly display information about their policy options, coverage amounts and term lengths (if applicable) on their site.

☎️ Ease of communication (10%). Insurers who allow consumers to contact them by email, phone and live chat earn the highest scores.

What our star ratings mean

Companies with 5 stars are exceptional, with strong financials, diverse policy lineups and great reputations for customer service.

Companies with 4.5 stars are excellent, with solid financials and policy offerings, and good customer service track records.

Companies with 4.0 stars are good, and potentially great for people looking for niche coverage options.

Companies with 3.5 stars or fewer could do better in certain categories, like financial strength and customer complaints.

NerdWallet does not receive compensation for our star ratings or our reviews. Read more about our life insurance ratings methodology and editorial guidelines.

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More about buying life insurance as a senior

Term and whole life insurance are widely available, and can be good life insurance options for seniors in many cases.

If you can’t find a traditional term or whole life policy, look into guaranteed issue life insurance. These policies don't require a life insurance medical exam, and acceptance is guaranteed. Alternatively, you may want to consider burial insurance, sometimes referred to as final expense insurance. These are small whole life policies that can help cover end-of-life costs like funeral expenses.

Learn more about life insurance options for seniors:

More about top-rated life insurance companies

Looking for a specific type of life insurance policy? Check out NerdWallet’s top picks across these categories:

*Sample rates are based on a $500,000, 20-year term life insurance policy for a healthy, nonsmoking 60-year-old man and woman. If rates are not displayed, that means the insurer didn't supply them to us or doesn't offer term policies with that coverage amount.