Burial & Life Insurance For Veterans Over 60 (2022 Update)

Seniors Mutual is an independent insurance agency that works with all of the top insurance companies to find the best price and product for all veterans nationwide. Fill out our quoter to compare prices.

Life Insurance For Veterans

The VA will only pay $796 if you are in a VA hospital when you die, and only $300 to a veteran’s family if they die outside of the VA hospital. Furthermore, they will only pay you $796 for a plot, hardly enough to cover burial expenses these days.

Life insurance or burial insurance can cover the remaining expenses, and lock in a low rate while you’re young.

This article will cover sample rates and how much life insurance coverage to get for veterans of any age.

Table Of Contents

Whole Life Vs Term Life For Veterans

For most people middle-aged and older, a small final expense whole life insurance plan is usually the best option. These whole life plans are very small and are made to cover final expenses such as the funeral, burial, or cremation.

However, some veterans still have mortgages or other debt of some kind that they don’t want to leave as a burden on their families when they pass.

Here is a breakdown of each option.

Final Expense Whole Life (Burial Insurance)

  • Rates locked in for life (never increase)
  • Guaranteed payout (never expires)
  • No medical exam
  • Small coverage amounts ($2,000-$50,000)
  • Builds cash value

Term Life

  • Rates locked in for the term length
  • Renewable up to age 95 (rates increase annually after the term ends)
  • Medical exam and non-medical exam available
  • Larger coverage amounts ($25,000-$1,000,000+)
  • No cash value
  • Cheaper than whole life

Does USAA Offer Life Insurance For Veterans?

Yes, USAA does offer life insurance for members.

I am actually a USAA member myself, thanks to my family.

However, the rates I have seen from USAA are pricey and they will not offer coverage to people with serious health conditions or disabilities. I recommend looking at the companies we offer at Seniors Mutual to save hundreds or even thousands a year instead.

Best Burial & Life Insurance For Veterans Over 60, 70, or even 80

Many companies such as USAA do not offer life insurance to veterans over a certain age. This can be very frustrating if you are looking for coverage!

However, working with an independent agency gives you access to all of the top companies that will accept you.

For final expense whole life insurance for veterans, you can get coverage up to age 90 with the companies we work with, such as Aetna, Mutual of Omaha, and others.

This can be a breath of fresh air for people who have been denied in the past or only get super high-cost life insurance.

Burial & Life Insurance For Veterans Cost

Cost will ultimately depend on your current health, age, and lifestyle like smoking or not, but here are some sample rates for you.

You can compare rates for free among all of the top companies in your area by filling out our quoter as well.

Note: These monthly rates are for non-smoking females.

Final Expense Whole Life & Burial Insurance

Age$10,000$15,000$20,000$25,000
50$24$34$45$55
60$32$47$62$77
70$53$78$102$128
80$97$144$191$238

It’s important to lock in your rates early.

Note: Term rates are for a healthy non-smoking female for 10-year term.

Term Life

Age$100,000$150,000$200,000
50$13$16$20
60$25$35$44
70$56$81$106



Burial & Life Insurance For Disabled Veterans

If you have a disability of any kind, finding burial or life insurance as a veteran can be difficult.

This is only because you don’t know where to look!

For example, USAA will deny many people life insurance if they have a disability.

But not every company.

There are many companies out there that won’t raise rates whatsoever depending on your disability. The key is you must work with an independent agency that will look at many different companies to find your best option.

No matter your disability, it’s important to let us shop the market for you and find the best price and product! We help people with disabilities find the best burial and life insurance every day.

Summary

Burial and life insurance for veterans is possible no matter your age or health conditions.

If you want to compare quotes among all of the top companies you can fill out our quoter to see rates instantly online for free.

And if you have any serious health conditions or disabilities please contact us to see what changes.

Our goal is to find the best price and product for every veteran and help them save hundreds or even thousands a years on your insurance.

We look forward to speaking with you!

FAQs