There's a few ways to shop for life insurance for seniors:
1. Contact a local life insurance agent or broker.
2. Call life insurance companies direct for a free quote.
3. Visit a life insurance website and request multiple life insurance quote comparisons online.
The lowest rates on senior life insurance will be for term life insurance, since it is temporary coverage for a term of 10, 15, 20 or 30 years.
Term life costs less than permanent life insurance because permanent coverage builds some cash value and provides lifetime life insurance protection.
The shorter the term for senior term life insurance, the lower the cost of your life insurance policy. So, a 10 year term life plan will cost less per year compared to a 15 or 20 year term life plan.
Here's how you can compare low life insurance rates for seniors from several of the leading life insurance companies in America.