In addition, your own personal risk factors will effect your cost of life insurance, including your age, health, if you smoke, driving record, height-to-weight ratio, your hobbies and occupation, etc.
Senior Life Insurance is usually referred to as "final expense life insurance" or "burial insurance".
These are smaller life insurance policies that do not require a medical exam. Some allow you to pay the entire premium all at once, or for a limited time, while others require that you pay the premium to age 100.
Some Senior Term Life Insurance is offered, and some Senior Whole Life policies do not guarantee that the premium stays level. With both, there is a risk of the life insurance policy becoming unaffordable before death occurs.
When choosing your plan make sure you find out if you have full coverage immediately, from the start of the life insurance, or if the coverage is graded death benefit, which means you won;t have full coverage until you have been insured under the policy for at least 2-3 years.
Here's how to compare seniors life insurance quotes online.