Life Insurance for an 84 Year Old

Life insurance provides financial security to you and your loved ones from unforeseen death.

Join us as we review life insurance for 84-years-olds. We will provide an overview of the types of life insurance available and the factors influencing their rates.

(Note: If you want to see what rates would have been like last year, see our piece on 83 year old life insurance, and if you want to see what’s coming up, check out our article on the best life insurance for 85 year olds.)


Navigating the options for life insurance for 84 year old individuals reveals a surprisingly flexible and accommodating market. The question circling among many, “can an 84 year old get life insurance,” is met with affirmative responses from numerous insurance providers. These companies offer solutions tailored toward senior citizens, ensuring both life insurance for 84 year old male and life insurance for 84 year old female are within reach. This inclusivity speaks volumes about the industry’s recognition of the need for financial security across all ages.

Choosing the best life insurance for 84 year old individuals requires an understanding of the different policies available, whether it’s a comprehensive life insurance policy for 84 year old clients looking for extensive coverage or specialized offerings like va 100 percent life insurance 84 for veterans seeking particular benefits. Additionally, unique cases such as life insurance 84 year old dimensta female million dollars show that there are options for high-value policies even in complex health situations.

For those seeking personal assistance or wishing to inquire about specific agents such as Farmers New World Life Insurance off 84th Giles, contacting an agent like Shelly Ferantee directly can provide tailored advice and solutions. While the specific contact information like a phone number isn’t provided here, reaching out to the insurance company directly or visiting their official website could offer the necessary details to connect with a representative.

The need for appropriate coverage is especially significant when considering life insurance 84 year old female or male policies, as this not only provides peace of mind but also financial security for the beneficiaries. The question, “does anyone know life insurance for 84 year old,” frequently arises in discussions involving senior financial planning. The assurance that there are indeed viable and beneficial options available underlines the importance of conducting thorough research or consulting with insurance experts to find the perfect fit for one’s needs.

In conclusion, the availability of life insurance for individuals at the age of 84 showcases the insurance industry’s commitment to offering solutions that cater to the senior segment of the population. Whether it’s obtaining life insurance for 84 year old male, securing a policy for an 84-year-old female with specific health conditions, or finding the best overall coverage, there’s a clear pathway to obtaining life insurance, reinforcing the principle that it’s never too late to seek financial security and peace of mind.

Choose kindness.

You never know what battles people may be fighting.

Can an 84-year-old Get Life Insurance?

If you want to avoid taking a medical exam, final expense insurance is your only option as an 84-year-old. While final expense insurance payouts can be used for anything, they are often used to cover end-of-life expenses, including funerals, outstanding debt, and medical bills, eliminating the burden that these expenses may put on loved ones.

Key features of final expense whole life insurance include:

  1. Looser underwriting standards make getting coverage easier for those with pre-existing conditions.
  2. Coverage amounts between $2,000 and $50,000, ideal for covering end-of-life expenses.
  3. Add-on benefits (also known as riders) offer an extra layer of protection from the costs associated with, for example, accidental death and critical illness.
  4. Ash value, which you can borrow to pay for urgent expenses.

Note that 84-year-olds are not eligible for the following types of life insurance:

  1. Term life insurance
  2. Accidental death life insurance
  3. Guaranteed acceptance life insurance

Life Insurance Rates For 84-Year-Olds

Whole Life Insurance Rates For 84-Year-Old Male

Life insurance rates for 84-year-olds vary depending on your smoking status, your policy’s coverage amount, and the severity of your health conditions. Let’s look at male rates.

Coverage Male (Non-Smoker) Male (Smoker)
$2,000 $40 $65
$5,000 $94 $158
$10,000 $185 $313
$15,000 $275 $468
$20,000 $366 $623
$25,000 $456 $778

An 84-year-old male non-smoker can buy a $2,000 burial insurance policy for $40 per month, while a smoker would pay $65 per month. A $25,000 life insurance policy goes for $456 per month for non-smokers and $778 per month for smokers (71% more).

We recommend not waiting until your next birthday. At 85 years old, your rates will be roughly 6% more for non-smokers and 7% more for smokers.

How Much Is Life Insurance For An 84-Year-Old Female?

Women who are 84 years old can buy coverage at a 55% lower rate than men.

Coverage Female (Non-Smoker) Female (Smoker)
$2,000 $29 $43
$5,000 $67 $103
$10,000 $130 $203
$15,000 $193 $303
$20,000 $256 $403
$25,000 $319 $502

A $2,000 final expense life insurance policy costs $29 per month for non-smokers and $43 per month for smokers. A $25,000 policy goes for $319 monthly for non-smokers and $502 monthly for smokers.

We recommend buying life insurance before age 85 as the rates do rise. Non-smokers will see an increase of 4% and smokers 6%. For example, a $25,000 policy would cost $336 per month for non-smokers and $531 per month for smokers.

Check Out: Life Insurance Advice for People Over 60

Choose kindness.

You never know what battles people may be fighting.

Top Life Insurance Companies for an 84-Year-Old

We recommend the carriers for final expense insurance: Transamerica, Mutual of Omaha, and Aetna.

  • Transamerica offers coverage between $1,000 to $25,000 for 84-year-olds and has an “A” rating from A.M. Best.
  • Mutual of Omaha has an A+ rating from A.M. Best and offers a slightly wider range of coverage ($2,000 to $40,000).
  • Finally, Aetna offers face amounts between $2,000 and $25,000, with an “A” rating from A.M. Best.

A.M. Best rates insurance companies based on their financial stability and capacity to pay claims.

All three carriers offer convenient payment options. For example, all three carriers can align your monthly payments with your Social Security direct deposits. However, you can opt for a bank draft if you want to choose a specific day. Finally, Transamerica is the only one of these carriers that accepts credit cards.

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