Even though you’re older, it doesn’t mean that life insurance policies won’t meet your needs. Although the cost of coverage can rise with age, many insurance companies will still accommodate older adults who are not in the best health. We took into account the company’s star ratings and the various features of its policies to come up with a list of top picks.

Guardian Life

This life insurance company is the best if you’d like payment flexibility. In fact, you can pay off your life insurance policy in 10, 15, or 20 years. This depends on your age. Whole life insurance policies from Guardian can be purchased by paying off at ages 65, 95, 99, and 121. If you’re looking for other permanent solutions, consider the company’s variable and universal life products, which can be issued up to age 85.


If you’re an elderly applicant, this MassMutual is the insurance company for you. There are few providers that offer whole life insurance products to people over 85, making this a good choice for those who are looking for permanent protection. MassMutual offers unlimited term life insurance coverage, which is appealing if you’re looking to provide a substantial payout to your beneficiaries.

New York Life

This company is the best if you’d like to browse many different coverage ranges. New York Life offers a variety of life insurance policies that can meet your needs. You can choose from payout amounts ranging from $25,000 to several million dollars, depending on your needs.

State Farm

Of course, State Farm has the best reputation. In fact, State Farm was named the best life insurance company in the U.S. in a study conducted by J.D. Power in 2022. State Farm offers a wide variety of customizable insurance plans. For instance, you can add additional coverage to your existing policy or for a partner through a term rider. This type of insurance can be useful if you want to avoid buying separate coverage.


USAA allows people to convert their term life insurance policy into a permanent one before it expires. This can be useful if you’re planning on seeking lifelong coverage later in your life. For people who want to skip the medical exam but still need life insurance, this product from USAA is a guaranteed issue policy that’s offered through Mutual of Omaha. Unlike other financial products, this company’s life insurance isn’t restricted to military families.