I am 61 years old and healthy. I am cashing out an old life insurance policy that I have to get rid of.
Is there a 30 year term life insurance plan? I have been quoted on 20 years but women in my family tend to live beyond 81 years.
If you are age 61, you may find that 20 years is the longest term life plan available, but permanent life insurance will provide lifetime coverage, and cost more than a 20 year term plan.
You could buy a 20 year term life policy and add some money to your savings for final expenses, in case you outlive the 20 year period.
Your cost of term life insurance coverage will depend on several factors, including your age, gender, health, family health history, occupation, hobbies, if you smoke or not, driving record, credit history, height-to-weight ratio, etc.
In addition, there are some life insurance plan for people over 60 that may provide coverage without you having to take a physical exam. Here's how you can learn more about life insurance for people over 60 and compare life insurance rates online.
Is there a 30 year term life insurance plan? I have been quoted on 20 years but women in my family tend to live beyond 81 years.
If you are age 61, you may find that 20 years is the longest term life plan available, but permanent life insurance will provide lifetime coverage, and cost more than a 20 year term plan.
You could buy a 20 year term life policy and add some money to your savings for final expenses, in case you outlive the 20 year period.
Your cost of term life insurance coverage will depend on several factors, including your age, gender, health, family health history, occupation, hobbies, if you smoke or not, driving record, credit history, height-to-weight ratio, etc.
In addition, there are some life insurance plan for people over 60 that may provide coverage without you having to take a physical exam. Here's how you can learn more about life insurance for people over 60 and compare life insurance rates online.
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