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Senior Life Insurance Company review 2020

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Policies can match a variety of health issues with no medical exam required.'s rating: 3.5 / 5


  • Get a quote if… You want an agent’s guidance when choosing a policy. It offers more than senior coverage, covering a range of ages, death benefit needs, tobacco habits and health issues.
  • Pick something else if… You want a seamless digital experience or death benefits of $50,000+. It doesn’t offer an online portal for policyholders, and benefit caps are relatively low for the industry.

20 to 65

Issue Age

$10,000 to $50,000



Medical Exam Required


Free quote Online, Phone
Available states Not available in: Connecticut, Iowa, Maine, New Hampshire, New York, South Dakota, Vermont, Washington, Wisconsin, Wyoming
Policy options Term, Whole
Term lengths 20 year term
Issue age 20 to 65
Coverage $10,000 to $50,000
Medical exam required No
Monthly cost Depends on policy
Claim methods Mail info to: Globe Life Insurance Company of New York, P.O. Box 3125, Syracuse, NY 13220
Customer support Phone, Email
Riders Accidental death benefit rider

Expert review

Amy Stoltenberg

Review by

Amy Stoltenberg writes about lifestyle and money for Finder, researching the best options for shopping, banking, insurance and authentic travel experiences. After studying writing and fashion at Savannah College of Art and Design, she worked designing apparel at a corporate behemoth before opting for a career with unlimited travel time. When her laptop’s closed, she can be found wandering the streets looking for happy hour and hole-in-the-wall eateries.

Expert review

Senior Life’s life insurance products may be right for you if you prefer working directly with an agent who specializes solely in life insurance. But if you prefer a more seamless digital experience, or are looking for a larger benefit amounts, you may want to continue to shop the market.

Before you keep reading…
Senior Life is not currently licensed in:
  • Connecticut
  • Iowa
  • Maine
  • New Hampshire
  • New York
  • South Dakota
  • Vermont
  • Washington
  • Wisconsin
  • Wyoming

What type of life insurance does Senior Life offer?

Senior Life offers whole life insurance coverage, with immediate and delayed benefit payout options. It also offers term policies for those looking for temporary plans.

But read the fine print before signing on — not all benefits are guaranteed and premiums are likely to be more expensive for guaranteed-issue protection.

Immediate benefit whole life

Immediate benefit whole life insurance policies guarantee the full benefit amounts are paid when you die. These tend to be best for people with few to no health issues.

ProductWho it’s meant forDeath benefitHealth statusFeatures
Ultimate Preferred PlanAges 0–80$10,000–$30,000No health issues, no tobacco use for at least 10 yearsN/A
Super Preferred PlanAges 0–85$5,000–$30,000No health issues, no tobacco use for at least 5 yearsN/A
Preferred PlanAges 0–85$1,000–$20,000Minor health issues, no tobacco or nicotine products in the last 12 monthsN/A
Standard PlanAges 0–80$1,000–$20,000N/AMost popular, because more people qualify
20 Pay Standard PlanAges 0–60$1,000–$20,000N/AAfter 20 years, the benefit is completely paid and you won’t be charged another premium
Joint First-to-Die Standard PlanTwo people living in the same home ages 40-85$1,000–$20,000N/AThe benefit goes to the surviving spouse, who also has a chance to purchase an immediate plan within 60 days of the death — no questions asked
Substandard PlanFor residents of MA or MN ages 40–85$1,000–$5,000Moderate health issues are OKIt’s only offered to residents of Massachusetts or Minnesota

Limited benefit whole life

These Senior Life policies are specially formulated for patients with moderate or significant health issues, though the full benefit isn’t guaranteed until a number of years has passed.

ProductWho it’s meant forDeath benefitHealth statusExpected return of premiums
Limited Benefit Modified PlanAges 0–85$1,000–$15,000Moderate health conditions
  • 1–2 years: 10% of premiums paid
  • 3+ years: full benefit amount (in the case of natural death
Limited Benefit Easy Issue PlanAges 0–85$1,000–$10,000People with significant health conditions must answer a couple of questions to determine eligibility
  • 1–3 years: 10% of premiums paid
  • 4+ years: full benefit amount (in the case of natural death)
Limited Benefit Guaranteed Issue PlanAges 0–85$1,000–$10,000No health issues are considered — it’s guaranteed to anyone.
  • 1–3 years: 10% of premiums paid
  • 4+ years: full benefit amount (in the case of natural death)
Limited Benefit Graded PlanFor residents of Missouri who are age 76–85$1,000–$10,000Moderate health conditions are accepted
  • 1 year: 50% of benefit
  • 2 years: 75% of benefit
  • 3+ years: full benefit amount
Limited Benefit Easy Issue Graded PlanFor residents of Missouri who are age 66–85$1,000–$10,000Moderate health conditions are accepted
  • 1–2 years: 50% of benefit
  • 3 years: 65% of benefit
  • 4+ years: full benefit amount

Term life

Each of Senior Life’s term policies last for 20 years. The monthly premium and benefit amount remains set throughout the length of it, so it’s considered level premium term insurance.

ProductWho it’s meant forDeath benefitHealth statusHow it worksWhat to watch out for
20 Year TermAges 20–65$10,000–$50,000For tobacco users and non-tobacco usersThe benefit pays out to beneficiaries if you die before the term length is overIf you outlive the policy, you won’t receive any part of the benefit
Return of Premium 20 Year Term
Ages 20–651
Ages 20-602
Term options include: $10,000, $20,000, $30,000, $40,000, or $50,000
1 – individuals who have used tobacco or nicotine in the last 12 months
2 – individuals who haven’t used tobacco or nicotine in the last 12 months
100% of premiums are paid back at the end of 20 years if you outlive the policyIf you pay monthly, you’ll only get 98% of the premiums returned

What riders can I add to my policy?

Senior Life offers an accidental death rider that you can add to any policy. It doubles the value of the death benefit if a policyholder dies in an accident.

How much does Senior Life cost?

The best way to determine the cost of Senior Life is to call an agent and get a quote. Cost will be customized based on your:

  • Policy type
  • Amount and length of coverage
  • Health and lifestyle
  • Gender
  • Other personal factors

Pros and cons of Senior Life

Senior Life has a relatively expansive product offering which might match up nicely with some circumstances. Before committing, weigh the pros and cons, including:


  • No medical exam required. You’ll be asked a few health questions, but you won’t need a formal exam.
  • Specializes in life insurance. In fact, it doesn’t sell any type of coverage other than life insurance, which means it’s settled into a niche and agents are likely experts in end-of-life protection.
  • Wide variety of products. Senior Life offers protection to people with different health histories. The information is well laid out on its website so you can clearly see what you might qualify for.


  • Limited benefit amounts. The maximum coverage you can get for whole policies is $30,000, and term caps out at $50,000. This may not be enough for some lifestyles.
  • No online quotes. To get a ballpark idea of what a plan might cost, you’ll need to chat with an agent over the phone.
  • Bumpy digital navigation. There’s no portal for policyholders to manage accounts online. To change the beneficiary or transfer ownership, you can call or download a form, fill it out and fax, email or send regular mail to Senior Life.

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Senior Life reviews and complaints

It’s not accredited by the BBB, but still has an A+ rating with the agency. One customer review gave a 5-star shoutout, but there’s not enough feedback to substantiate a reputation. It has 19 listed complaints, and Senior Life has responded to most by explaining or resolving the situation.

It hasn’t been reviewed by any of the major credit rating agencies and doesn’t exist on Trustpilot. However, it’s been in business since 1970 and has almost 50 years of experience in the industry with no major legal cases in the news.

How does Senior Life protect my data?

Senior Life’s website is protected by a secure connection. And like most sites, it uses cookies to track your behavior. It doesn’t store your personal information in an online portal, and the most detailed data it asks you to send over the Internet is your name and contact info — no Social Security number required.

Its agents promise not to discuss the details of your policy with anyone but you.

How do I sign up?

To get a quote, start by:

  1. Going to the Senior Life website and clicking Products
  2. On the left side of the page, click Get A Quote.
  3. Fill out your personal information and click Submit.

Senior Life insurance application process

I’ve signed up. What happens next?

An agent will be in touch to give you a quote and talk about moving forward with a policy.

More about Senior Life

Senior Life is headquartered in Thomasville, GA and has been in business since 1970. In the last 20 years, it expanded to 34 states, serving a total of 40 jurisdictions. Its claim to fame is the fact that it pioneered the use of telesales in life insurance in 2005 — essentially, selling insurance over the phone.

Frequently asked questions

Life insurance ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

Our experts analyze life insurance companies to help you to find the strongest possible policy and premium for your family’s needs. We assess their financial strength, customer satisfaction, policy features and riders. We then give each insurer a score between one and five stars that reflects their offering and reputation in the industry.

Learn more about our methodology here.

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