If you are 70 years old (or older) and looking for term life insurance, you'll probably want to get coverage lasting for a term (duration) that meets your specific needs.
Level term life insurance offers coverage that remains level in premiums, and provides the same amount of life insurance each year, for the entire duration (term) of your life insurance policy.
However, you may be limited to term options of 5, 10 or 15 years due to your age.
In addition, you may want to consider permanent life insurance, if you want or need coverage that is guaranteed to last your entire lifetime.
There are even Guaranteed Issue life insurance plans offering guaranteed approval for people ages 45 to 85.
Learn more about term insurance for 70 year olds.
Level term life insurance offers coverage that remains level in premiums, and provides the same amount of life insurance each year, for the entire duration (term) of your life insurance policy.
However, you may be limited to term options of 5, 10 or 15 years due to your age.
In addition, you may want to consider permanent life insurance, if you want or need coverage that is guaranteed to last your entire lifetime.
There are even Guaranteed Issue life insurance plans offering guaranteed approval for people ages 45 to 85.
Learn more about term insurance for 70 year olds.
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