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Mortgage Protection Insurance For Over 65 (2024 Update)

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Mortgage Protection Insurance For Over 65

Mortgage protection insurance for seniors over 65 is obtainable, you just need to know where to look.

This article will cover all of the top companies, rates, and term lengths for mortgage protection insurance policies for people of this age.

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Mortgage Protection Insurance For Over 65

Mortgage protection insurance is no different for people over 65 than people younger, it’s just not offered by as many companies.

In fact, most mortgage protection insurance companies stop offering this protection around 50-60.

But there are others that offer coverage to people all the way up to age 80!

So who are these companies?

Best Mortgage Protection Insurance Companies For Over 65

Click here to read our article on the best mortgage protection insurance companies.

The best mortgage protection insurance company for you will depend on many factors, such as health conditions, age, gender, etc.

However, 9 times out of 10, there is a top 3 that beat out the rest.

From term length to monthly premiums, these companies will always be a great option for anyone over the age of 65.

  • Foresters Financial Foresters Insurance

  • Mutual of Omaha Mutual Of Omaha Insurance

  • American Amicable American Amicable

Term Lengths For Mortgage Protection Over 65

The two biggest differences for people over 65 in regards to mortgage protection insurance are the term lengths available and the price.

For anyone 65+ you can only get 10, 15, and 20-year terms. And the older you get the fewer options you have.

AgeTerm Length
6510, 15, 20 Year Term
7010, 15 Year Term
7510 Year Term
8010 Year Term

For mortgage protection insurance policies, the monthly premiums will remain level for the term length.

Once the term ends, you can renew coverage with most carriers up to age 95, but the monthly premiums will start to increase.

It is generally recommended to get the term length for however long you need it for as if you start to renew the policy after the term ends the monthly premiums start to go up very quickly.

Mortgage Protection Insurance Quotes For Over 65

Raters for seniors over 65 will depend on many factors, but here is a general range of what you can expect to pay. You can also fill out our quoter to compare rates online for free.

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


Another option for seniors is to buy a whole life insurance policy. These are used to pay for the final expenses and give family members a few months or years of mortgage payments to sell the home. These are not designed to pay off the mortgage completely.

They also go up to age 90, and never expire, giving you a guaranteed payout.

Note: these rates are for a non-smoking female.



Mortgage Protection Insurance for over 65 is definitely possible, you just need to know where to look.

We at Seniors Mutual work with 25+ of the top insurance companies to find the best price and product for you, no matter your age or health conditions.

If you want more information or just want to compare quotes, please fill out our quoter or contact us to get in touch and see your options.

We look forward to speaking with you!