The lowest priced plans on life insurance for seniors would be Term Life Insurance.
Term life is cheapest because it is temporary coverage and has no cash value, only a death benefit. So, you're only paying for the life insurance, not an investment.
With term life, seniors may be able to choose coverage lasting for a duration of 5, 10, 15 or even 20 years, depending on your age and health.
You can shop online and compare free, instant term life premium quotes from several insurers to help you find the more affordable policy.
Here's how to learn more about term life insurance for seniors over 70.