The life insurance available for elderly people may be permanent life insurance or term life insurance.
Permanent life insurance provides lifetime coverage so it would cost a lot more than term life insurance protection, which for a senior citizen may only provide up to 10 years of life insurance protection.
Your life insurance coverage for an elderly person will cost quite a bit, and the amount of life insurance available may be limited since life insurance is based on life expectancy.
And, your rate for life insurance will depend on your age, health, and the amount and type of life insurance you need.
Depending on your age and health, you may or may not be able to qualify for life insurance coverage.
However, some insurance companies offer guaranteed acceptance life insurance coverage for people of a certain age.
Learn more about life insurance for elderly people and find out how you may qualify for life insurance coverage without any health examination.