However, many seniors do buy life insurance for a number of different reasons.
For example, seniors may not have the money saved tom pay for their own final expenses, including the cost of a funeral and burial.
Or, seniors may want to provide for the financial security of their spouse, after they have passed.
In addition, many seniors want to leave money behind to help their grandchildren with education costs, or to help pay off debt they leave behind.
Learn more about whether or not seniors need life insurance protection.