For instance, the premium will be lower each year for a 5 year term life policy, than you would pay for a 10 year term policy, because the chances of you dying are greater in the next 10 years compared to the next 5 years.
For seniors, term life plans may be available for a period of up to 10 years or less, depending on your age and health.
Also, there are no exam life insurance plans for seniors that offer a limited amount of life insurance with no physical check-up required. These plans may cost more than life insurance that does require you to take a medical exam.
One way to save on your life insurance is to compare senior term life insurance rates online among several of the highly-rated life insurance companies to help you find the most affordable plan to meet your life insurance needs.