Usually, seniors may choose from Term, Permanent, or Guaranteed Issue life insurance plans.
Term life offers temporary coverage lasting up to 30 years; however, seniors may be limited to term options of 5, 10, 15, or 20 years of protection with term life.
Whereas, permanent life insurance provides lifetime protection, as long as your premiums are paid on time. Permanent life insurance usually costs a lot more than term lie.
In addition, there are guaranteed issue life insurance plans that guarantee apprvoal for coverage for anyone who meets the age requirements - for example, for people ages 45 to 85.
Learn more about getting senior citizens life insurance.