He has a soon to expire term life insurance policy at the present and wants the best life insurance for his money.
Is a term life insurance policy still the best type of policy or would another policy be better?
For someone age 55 you may want to consider term life insurance or whole life insurance. Term life may provide temporary life insurance for up to 20 years. Whole life can provide lifetime protection but will cost a lot more.
It really depends on what the goal of the life insurance policy is, what does the person want the life insurance to accomplish?
If he has money saved for his burial he may want term life insurance coverage. But if he needs life insurance for his final expenses, he may want whole life insurance protection.
Here's how you can learn more about Over 50 Life Insurance plans and request a free quote online today.