Well, the most affordable type of senior life insurance policy would be Term Life Insurance, because it is temporary coverage lasting for a specific number of years.
However, no exam life insurance policies usually charge a higher rate per $1,000 of coverage compared to life insurance that requires a health exam.
In addition, for seniors with health issues, there are guaranteed issue whole life insurance plans available which offer guaranteed approval for anyone between the ages of 45 to 85 years old.
But, these plans are more expensive, compared to term life insurance policies for seniors with no exam required.
Here's how to find affordable senior life insurance with no exam required.