If you're a senior looking for low cost coverage, you'll want to consider term insurance.
Because term life is temporary protection, it costs less than permanent life insurance which provides guaranteed lifetime protection.
With term life insurance you select a term (duration) for your life insurance policy to last. The longer the term, the higher your annual cost of insurance.
Seniors may be able to choose a term of 5, 10, 15 or 20 years, depending on their age, health, and the options available from the insurance company.
The easiest way to find the most affordable senior term life policy is compare senior term life insurance quotes online from several of the leading insurance carriers.