Where to Buy Life Insurance for Seniors?

Can a senior buy life insurance? If so, what will it cost and how much life insurance can a senior buy?

Yes, a senior citizen may be able to purchase life insurance.

The amount available will depend on your age and health, the insurance carrier's guidelines for approval.

The cost of a senior's life insurance policy will also depend on the insurer's pricing guidelines, the amount of life insurance, and the risk factors of the applicant for life insurance.

Your risk factors may include your age, health, height-to-weight ratio, if you smoke or not, your hobbies, occupation, driving record, any prescriptions you may be taking for your health, if you have high cholesterol or diabetes, etc.

Seniors may have the option of buying a term life insurance policy which provides coverage for a set number f years, or a permanent life insurance policy, which provides lifetime protection and costs more.

In addition, there are graded death benefit life insurance plans that offer a limited amount of life insurance the first 2-3 years, then provide the full life insurance protection. These plans usually require no medical exam and provide a limited amount of life insurance.

Learn where to buy life insurance for seniors and request a free quote today.