Here are some examples of tips you can use to lower the cost of your life insurance coverage if you are over 60 years old:
- Choose term life insurance
- Select a term that fits your needs
- Use a needs calculator to help you determine how much coverage to buy
- Buy now instead of waiting since rates increase with age
- Get healthy - People who smoke, are overweight or have health issues may a higher rate on their policy
- Choose annual premium payments
These are just some of the ways you can lower the cost of your life insurance.
Learn more about finding the best deal on life insurance over 60.