Yes, there are whole life insurance policies offered to senior citizens.
These permanent life insurance plans provide guaranteed lifetime protection as long as your insurance premiums are paid on time.
These plans provide a death benefit payout upon the passing of the insured person. These plans also build up some cash value inside the whole life policy over time, from which you may take a loan if needed.
Your life insurance premiums remain level, and the life insurance coverage does not expire.
There are guaranteed issue whole life insurance policies for seniors age 45 to 85, which means you cannot be turned down for coverage due to any health condition.
Learn more about buying whole life insurance policies for seniors.