Some life insurance policies for seniors allow you to pay the premium all at once (Single Premium), or for a limited time, while other senior life insurance plans may require that you pay the premiums until you reach age 100.
Some term life insurance plans are available for seniors, and some senior whole life insurance policies do not guarantee that the premiums will remain level the entire life of the policy. With both types of life insurance plans there may be a risk of the policy becoming too costly before death of the insured person occurs.
However, senior citizens are not restricted to getting only burial insurance policies.
Some elderly people may qualify to buy any amount of medically underwritten life insurance coverage for which they qualify financially and meet the health requirements.
Senior Life Insurance policies may not be as affordable as life insurance for younger persons (since rates increase with age), but by shopping with a number of life insurance carriers and comparing plans you can find the most affordable life insurance coverage available.
Here's how you can learn more about seniors life insurance and compare rates online from several highly-rated life insurance companies in just a few minutes.