Term life insurance is the cheapest form of life insurance coverage compared to permanent life insurance.
However, the older you are when you buy term life the closer the premiums compared to a permanent life insurance policy.
The cheapest term life policy is one year annual renewable term life insurance, but the rate increases each year if you renew the policy.
Next cheapest would be a 5 year term life insurance plan, then a 10 year term life policy.
But, your age and health will determine whether or not you qualify for a 10 year term life policy.
There are several life insurance carriers that offer life insurance for elderly people, including Globe Life, Colonial penn, and Mutual of Omaha, among others.
Here's how you can learn more about term life insurance for elderly and compare life insurance rates online.
However, the older you are when you buy term life the closer the premiums compared to a permanent life insurance policy.
The cheapest term life policy is one year annual renewable term life insurance, but the rate increases each year if you renew the policy.
Next cheapest would be a 5 year term life insurance plan, then a 10 year term life policy.
But, your age and health will determine whether or not you qualify for a 10 year term life policy.
There are several life insurance carriers that offer life insurance for elderly people, including Globe Life, Colonial penn, and Mutual of Omaha, among others.
Here's how you can learn more about term life insurance for elderly and compare life insurance rates online.
RSS Feed
