Can seniors buy life insurance coverage?
Yes, there are life insurance policies available for senior citizens.
In fact, seniors may have the option of choosing permanent life insurance, term life insurance or guaranteed issue life insurance coverage.
The most affordable type would be term because it is temporary, usually lasting for a period (term) of 20 years or less, depending on your age and need for coverage.
Permanent life insurance provides lifetime coverage and offers a death benefit; as well as, building some cash value inside the policy over time.
Whereas, guaranteed issue life insurance guarantees your approval for coverage if you meet the age requirements for acceptance. One highly-rated insurer offers guaranteed approval for people ages 45 to 85 years old.
Learn more about buying senior life insurance plans.
Yes, there are life insurance policies available for senior citizens.
In fact, seniors may have the option of choosing permanent life insurance, term life insurance or guaranteed issue life insurance coverage.
The most affordable type would be term because it is temporary, usually lasting for a period (term) of 20 years or less, depending on your age and need for coverage.
Permanent life insurance provides lifetime coverage and offers a death benefit; as well as, building some cash value inside the policy over time.
Whereas, guaranteed issue life insurance guarantees your approval for coverage if you meet the age requirements for acceptance. One highly-rated insurer offers guaranteed approval for people ages 45 to 85 years old.
Learn more about buying senior life insurance plans.
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