However, the quickest way to build cash value in a senior life insurance policy is to buy single premium whole life insurance.
With single premium whole life policies you make only one premium payment your entire life. That way, you have lifetime life insurance coverage with only one premium payment, and you have cash value inside your whole life insurance policy from the first day you are insured.
Some single premium life insurance plans offer coverage to seniors age 80 and under, with no health exam required.
Here's how you can request a fee quote for senior life insurance that builds cash value.