There are two basic types of senior life insurance - Term and Permanent.
Term life costs much less because it's temporary coverage for a period of 5, 10, 15 or 20 years, compared to permanent life insurance which is guaranteed to last your entire lifetime as long as you pay your premiums.
The lowest priced life insurance would be a term life policy for the shortest term available, which may be 5 years or 10 years of coverage.
Here's how you can compare senior term life insurance rates online from several of the most trusted insurance companies with the highest financial strength ratings.