Term 15 Life Insurance for Seniors

Unity Life of Canada joined the Foresters family in April 2008 and as of Jan 23 2012 changed their name to Foresters Life Insurance Company.

Term 15 Life Insurance policies provide coverage, which is level for the first 15 policy years. Most plans are guaranteed convertible and renewable. However, seniors may have limitations on those conversion options, as most Term life policies only offer a conversion plan up to age 65.

The following is a list of the top four carriers for $150,000 of Term 15 coverage for a 65-year-old, male non-smoker:

AXA Assurance Term 15 loan insurance – $197.78 a month

Assumption Life Flex-Term – $198 a month*

Industrial Alliance‘s Term 15 – $202.50 a month

Unity Life Term 15 – $207.45 a month.

* The Assumption Flex (Level) Term and Flex (Decreasing Term) Option policies are available without medical tests for insured 18 to 65. For amounts up to $250,000, there are still a series of health questions.

For more details, you can contact us at 1-866-899-4849, or visit our Term Life Insurance Instant Quote Page.

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  • Monica
    April 1, 2014 at 11:39 am

    Hi there,
    Can you please let me know options for funeral insurance for 78 year old male of $10 to $15,000?
    Also if you carry any 10-15years insurance for a 65 years old female.

    • LSM Insurance
      April 1, 2014 at 2:24 pm

      Hi Monica,

      Thanks for the email. Yes you can 10 or 15 year Term policy on a 65 year old and we are happy to work out quotes for a 78 year old male on $10,000 and $15,000. It would depend on his age nearest age, smoking status and whether you would like quotes on a traditional life insurance plan with a medical or a no medical simplified issue plan.

  • Charles C.
    January 3, 2014 at 4:29 pm

    I am looking for life insurance for a 78 year old man in good health, non smoker, 15000. or 25000. I need prices.
    Thank you,

    • LSM Insurance
      January 3, 2014 at 4:42 pm

      Thanks Charles. A Term 15 would not be available but we will be in touch with some other potential solutions.

  • LSM Insurance
    April 21, 2013 at 8:47 am

    Thanks John. At 78 you would be outside the issue limits on a Term 15 policy. But you would qualify for a Permanent plan. The rates would depend on the amount of coverage and type of plan as well as your smoking status.

    We will be in touch by email. Regards,

  • John Pollock
    April 20, 2013 at 9:08 pm

    I am looking for a quote on term to 100 (funeral type. My age is 78, in good health. and would like a quote for $25,000 and $50,000 if available. Thank you.

  • david cochrane
    December 31, 2012 at 9:34 pm

    I am looking 10-15 term insurance for my mother of 78 yrs old. Is it available and what is the cost?

    • syed
      January 3, 2013 at 7:15 pm

      Hi David,

      Thanks for the message. I’ve sent you a separate email. Hopefully we can help you out. Thanks

  • LSM Insurance
    October 21, 2012 at 6:38 pm

    Thanks for the note. Based on your ages a Term 15 plan would not be available. But a Permanent plan would be. We will be in touch by email soon.

  • Carl
    October 21, 2012 at 3:53 pm

    Do you offer $10,000 coverage? mainly for funerals
    I would be for my wife and I and what would it cost per month.we are both 80 and in very good health. Thank you.

  • LSM Insurance
    June 23, 2012 at 12:11 pm

    Thanks for the note. The premiums are based on the amount of coverage and type of plan. We will send you a separate email now.

  • HL
    June 23, 2012 at 10:55 am

    insurance quote for senior 77 yr old lady

  • LSM Insurance
    January 24, 2011 at 8:02 pm

    Thanks Luci. Yes we work with carriers who offer plans to insured 85 and under. We’ll send you an email now.

  • Luci Sozio
    January 24, 2011 at 6:48 pm

    Do you offer funeral insurance for 78 and 80 year olds of $10 to $15,000 ? Please let me know… thank you.