Life Insurance for Seniors over 80 in South Dakota
Life Insurance for Seniors over 80 in South Dakota
Securing life insurance at age 81, especially for someone who smokes and has had recent health issues like strokes, can be challenging—but not impossible.
If you’re exploring options for a loved one in South Dakota, here’s what you need to know, including realistic pricing and the best available carriers for high-risk applicants.
Health Profile: What Insurers Consider
For an 81-year-old male smoker who’s had two strokes in the past year, underwriting will be strict. Most carriers will want to know:
- Current medications (especially for stroke, blood pressure, or blood thinners)
- Height and weight
- Any other diagnosed conditions (heart disease, diabetes, etc.)
- Cognitive status and ability to perform daily activities
Since this information isn’t fully available yet, we’ll show you the most flexible and realistic insurance options based on typical high-risk scenarios.
Option 1: Day-One Coverage – Transamerica
Transamerica stands out as one of the few insurance companies that may still offer immediate, full coverage (no waiting period) at age 81—even with a complex health history, depending on medications.
Coverage Amounts & Monthly Premiums:
- $20,000: $634.65/month
- $25,000: $792.40/month
Pros:
✅ No waiting period – full benefit is active as soon as policy is issued
✅ Top-tier option for seniors who qualify
Cons:
❌ Higher premium
❌ Approval is not guaranteed – depends on prescription list and stroke recovery
Option 2: Two-Year Waiting Period Plans – GTL and Great Western (Wellabe)
If Transamerica doesn’t approve the application, don’t worry. There is guaranteed issue or graded benefit plans available that don’t require a medical exam.
These come with a two-year waiting period due to the applicant’s high-risk profile.
Guarantee Trust Life (GTL)
- $20,000 Coverage: $504.48/month
- 2-Year Waiting Period Benefits:
- Year 1: Refund of premiums paid + 5% interest
- Year 2: 50% of the death benefit paid
- Year 3 and beyond: Full coverage in force
Great Western (Wellabe) – Graded Benefit Plan
- $20,000 Coverage: $564.48/month
- $25,000 Coverage: $704.70/month
- Graded Benefits:
- Year 1: 30% of death benefit paid
- Year 2: 70% of death benefit paid
- Year 3+: 100% of death benefit paid
Pros of GTL and Great Western:
✅ Easier approval – often no medical questions
✅ Designed for seniors with serious health concerns
Cons:
❌ No full benefit until after 2 years
❌ Still a considerable monthly expense
How to Choose the Right Plan – Life Insurance for Seniors over 80 in South Dakota
Here are some quick tips for choosing the best path forward:
- If health permits and he’s not on disqualifying medications, Transamerica is worth applying to due to the no-waiting-period advantage.
- If medications or overall health lead to a decline from Transamerica, GTL or Great Western will likely approve without medical questions.
- Budget matters – Premiums for $20,000 to $25,000 in coverage can run $500–$800 per month, so it’s important to only apply for an amount that fits comfortably into your monthly finances.
- If you’re unsure of which direction to go, start by requesting a no-obligation quote and gathering a list of current medications. This will help determine eligibility more precisely.
While getting life insurance at age 81 with recent strokes and a smoking history is not cheap or easy, you do have options. Whether you’re trying to cover final expenses, burial costs, or just leave something behind for loved ones, the key is working with an advisor who understands how to navigate high-risk applications.
If you’d like a personalized quote based on exact medications and needs, we can help you evaluate the best options confidentially and quickly.
Here’s a call-to-action with the clickable phone number in a yellow box:
—
**Are you over 80 and living in South Dakota?**
Securing life insurance is more important than ever. Mintco Financial specializes in providing life insurance options tailored to seniors, offering peace of mind for you and your loved ones.
**Get a free quote now:**
– **No Medical Life Insurance**: Get coverage without exams.
– **Simplified Issue Life Insurance**: Quick coverage with minimal health questions.
– **Guaranteed Issue Life Insurance**: Coverage without health questions for final expenses.
– **Funeral and Burial Insurance**: Protect your loved ones from funeral costs.
Get Free Life Insurance Quotes at:
Or call us at: