Life insurance
Life Insurance for Seniors: Main Options
Seniors can still buy life insurance. The right type depends on why you want it, your health and your budget.
Main types
- Term: coverage for a set number of years
- Whole life: coverage for life, with a cash value
- Final expense: smaller coverage meant for funeral and end of life costs
Questions to ask
- Does it cover me for life or only for a time?
- Do rates stay the same?
- Are there waiting periods or health questions?
- What happens if I miss a payment?
Before you buy
Think about who you want to protect and what they would need. A licensed agent can compare options and explain the details in plain words.
General information only, not financial, legal or insurance advice. Rules, prices and benefits vary by state and by policy. A licensed professional can explain what applies to you.