Life insurance is the insurance that pays out a sum of money either on the death of the insured person or after a set period.
For seniors, it can be an important safety net, providing them with greater peace of mind and financial security for loved ones.
While choosing the best type of life insurance for seniors, find a plan that meets both your needs and your budget. Let’s check out the types:
Perfect for seniors who need coverage for a set period of time, usually between 10 to 30 years.
A permanent type of life insurance that includes a cash value component that is built over a period of time.
An alternative for people who may have trouble qualifying for a traditional life insurance policy as it allows you to apply without taking a medical exam.