What is the best life insurance for seniors?

The best life insurance for seniors takes a few things into account: entry age, maximum cover and funeral benefit. Entry age is likely the most important factor for those who are taking out new policies or looking to switch as age can be a barrier to acceptance for a few providers.

Is senior life insurance worth it?

Only you can decide this. If your family wouldn't be okay without a lump sum payout after your passing, then life insurance is probably going to be worth it . If they have other funds to depend on, then a policy may not be as worthwhile. What's 'worth it' really depends on your personal circumstances and what you need out a policy.

Seniors Life Insurance

Compare life insurance for seniors

9 of 22 results

Finder Score	Maximum Entry Age	Maximum Cover	Funeral Benefit	Optional TPD Cover
Finder score 9.9 Excellent TAL Accelerated Protection Life Insurance Finder Award	Finder score 9.9 Excellent	Maximum Entry Age 74	Maximum Cover No set limit	Funeral Benefit $25,000	Optional TPD Cover $3 million (maximum cover)	Get up to 15% off your TAL Life, Trauma or TPD insurance policy for life - if you have a Body Mass Index (BMI) between 19 and 28 at the time of your application. T&Cs apply.	Our verdict: One of Australia's leading life insurers. Automatically includes child critical illness cover. Plus, it comes with a level premium option (e.g. costs remain similar as you get older).	Get Quote View details Compare product selectionCompare	loading
Finder score 9.3 Excellent Medibank Life Insurance	Finder score 9.3 Excellent	Maximum Entry Age 70	Maximum Cover $2.5 million	Funeral Benefit $15,000	Optional TPD Cover $1.5 million (maximum cover)	Discount: Get your first 2 months free when you apply and get cover by 03 Aug 2026, using promo code MB2MF. T&Cs apply.	Our verdict: Medibank offers a higher payout limit ($2.5 million) than 15 other providers. It also won Most Loved, Best Value and Legendary Service categories in the Finder 2025 Customer Satisfaction Awards.	Get Quote View details Compare product selectionCompare	loading
Finder score 9.5 Excellent NobleOak Life Insurance	Finder score 9.5 Excellent	Maximum Entry Age 74	Maximum Cover $25 million	Funeral Benefit $25,000	Optional TPD Cover $5 million (maximum cover)	Discount: Get 2 months free on eligible NobleOak cover. For new customers and offer ends 14 Jun 2026. T&Cs apply.	Our verdict: Highly commended in the 2026 Finder Life Insurance Awards, offering up to $25 million in life cover, one of the highest payouts available.	Get Quote View details Compare product selectionCompare	loading
Finder score 7.5 Great Zurich Ezicover Life Insurance	Finder score 7.5 Great	Maximum Entry Age 69	Maximum Cover $1.5 million	Funeral Benefit $15,000	Optional TPD Cover	Discount: Get your first month free, plus a complimentary legal will. For policyholders who purchase an eligible Ezicover Life Insurance or Income Protection policy from 27 Jan 2023 and maintain cover for at least 12 months. Offer must be redeemed while the policy remains active. T&Cs apply.	Our verdict: Good if you want a cheap policy from a well-regarded insurer – its 98% claims acceptance rate is higher than any other provider on Finder. Zurich keeps things simple: unlike others, it doesn’t go in for optional add-ons such as TPD or trauma cover.	Get Quote View details Compare product selectionCompare	loading
Finder score 6.8 Standard AAMI Life Insurance Most Loved	Finder score 6.8 Standard	Maximum Entry Age 65	Maximum Cover $1.5 million	Funeral Benefit $10,000	Optional TPD Cover	Save up to 10% on premiums every year for the life of your AAMI Life Insurance policy. T&Cs apply.	Our verdict: There’s flexibility with AAMI as you can add another adult to your cover, with a competitive limit of $1.5 million. Easy application process with no medical exams.	Get Quote View details Compare product selectionCompare	loading
Finder score 7.5 Great Real Life Insurance	Finder score 7.5 Great	Maximum Entry Age 74	Maximum Cover $2 million	Funeral Benefit $20,000	Optional TPD Cover $1 million (maximum cover)	Get 10% cash back of the premiums you've paid after your 12-month anniversary with The Real Reward™. T&Cs apply.	Our verdict: The application is simple; it can be done with 1 phone call and there are no medical exams.	Get Quote View details Compare product selectionCompare	loading
Finder score Not scored yet Australian Seniors Life Insurance	Finder score Not scored yet	Maximum Entry Age 79	Maximum Cover $0.2 million	Funeral Benefit	Optional TPD Cover	Our verdict: Australian Seniors lets you take out cover up to the age of 79. No medical exams or blood tests needed to apply. Keep in mind: Low cover limit of up to $200,000 and no option to add TPD or Trauma cover.	Get Quote View details Compare product selectionCompare	loading
Finder score 8.5 Great ahm Life Insurance	Finder score 8.5 Great	Maximum Entry Age 55	Maximum Cover $1.5 million	Funeral Benefit $15,000	Optional TPD Cover $1 million (maximum cover)	Discount: Get 15% off in the first year. For customers who purchase by 03 Aug 2026. T&Cs apply.	Our verdict: ahm offers a simple application process. Be approved online or over the phone. No medical or blood tests needed to apply.	Get Quote View details Compare product selectionCompare	loading
Finder score 4.8 Basic Real Term Life Cover	Finder score 4.8 Basic	Maximum Entry Age 79	Maximum Cover $0.1 million	Funeral Benefit $20,000	Optional TPD Cover	View details Compare product selectionCompare	loading

Showing 9 of 9 results

Finder Score - Life Insurance

Life Insurance is a little complicated and a lot overwhelming. That's why we made the Finder Score, to make it easier to compare Life Insurance products against each other. Our experts analysed over 30 products and gave each one a score out of 10.

But a higher score doesn't always mean a product is better for you. Your situation is unique, so your policy choice will be too. Don't think of Finder Score as the final word, but as a good place to start your life insurance comparison.

Read the full methodology

Life insurance for seniors - what to keep in mind

When looking for life insurance as a senior, the first thing to look at is the maximum entry age. This refers to how old you need to be for an insurer to accept your application. As a senior, you'll want to narrow down your search to policies that have a higher maximum entry age.

From there, you might like to consider a few other factors:

Maximum cover limit: How much cover do you need? If you're not looking to insure yourself for millions of dollars then you might be fine with a policy that has a lower cover limit.
Funeral benefit: This is a cash advancement that comes out of your total payout to allow your beneficiaries to pay for your funeral. Some offer around $5,000, other offers up to around $15,000.

Life insurance policies with a higher maximum entry age

We found 10 policies with a maximum entry age of 70 or above. Those providers are:

Provider	Maximum entry age
TAL	74
Medibank	70
NobleOak	74
RAC	74
Neos	75
ClearView	75
Westpac	74
Australian Seniors	79
MetLife	73
St George	74

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Written by

Peta Taylor

Publisher of Insurance

Peta Taylor is a publisher at Finder, working across all of insurance. She's been analysing product disclosure statements and publishing articles for over 2 years. Peta is passionate about demystifying complex insurance products to help users make well educated decisions with confidence. Peta is part of Finder's insurance awards team and works alongside editorial and insights experts to bring users the best insurance products every year. See full bio

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Seniors life insurance – May 2026