Which senior-focused life insurance plans are known for no medical exam and low face amounts?

Senior-focused life insurance plans that are commonly known for no medical exam and low face amounts are usually final expense or burial insurance policies. These are designed to be easier to qualify for and to cover end-of-life costs.

Common types include:

• Guaranteed issue life insurance

  • No medical exam
  • Usually no health questions
  • Often offers low face amounts such as $2,000 to $25,000
  • Popular with seniors who may have health issues

• Simplified issue life insurance

  • No medical exam
  • Few health questions
  • Often available in small to moderate face amounts
  • Usually cheaper than guaranteed issue

• Final expense insurance

  • Specifically marketed to seniors
  • No medical exam in many cases
  • Typically low coverage amounts to help pay for funeral, burial, and medical bills

Well-known examples of senior-oriented plans in this category often include:

• Mutual of Omaha Living Promise
• AARP/New York Life simplified issue products
• Globe Life final expense policies
• Gerber Life burial/final expense options
• AIG / Guaranteed issue final expense plans from various carriers

If you want, I can also give you a comparison table of popular no-exam senior life insurance plans by age range, coverage limits, and waiting period.