There are several different types of life insurance policies available for seniors, including Term life insurance, Permanent life insurance and Guaranteed Acceptance life insurance.
Term life offers you temporary coverage lasting for up to 30 years, depending on your age and health.
Permanent life insurance offers lifetime protection as long as you pay your premiums on time.
Guaranteed acceptance life insurance is a type of policy that offers guaranteed approval for anyone who meets the age requirements, and lives in a state where the insurer is licensed to offer the plan.
Guaranteed issue policies may be well-suited for seniors with health problems, or those who have been turned down for life insurance by other insurers.
Learn more about finding the best life insurance for seniors.