Yes. In fact, seniors may be able to choose from several types of life insurance plans, including:
- Term Life Insurance.
- Permanent Life Insurance.
- Guaranteed Acceptance Life Insurance.
The most affordable type of life insurance for seniors over age 60 would be term life insurance, which provides temporary coverage for up to 20 years, for people over 60.
Even if you have health problems or have been turned down for life insurance, you may still be able to buy a guaranteed issue life insurance policy.
Learn more about life insurance for seniors over 60 years old.