If you need the maximum amount of life insurance coverage available at the lowest cost, for a temporary period of time of twenty years or less, then a term life policy may offer the most affordable life insurance.
However, if you need guaranteed lifetime life insurance protection a permanent life insurance policy may offer a good option for seniors to consider.
Term life insurance will end if you outlive the "term" of your policy, while permanent life insurance provides lifetime protection.
In addition, if you have health issues there are guaranteed issue life insurance plans that will accept you even if you have health problems.
Learn more about what life insurance is best for seniors