Which Life Insurance is Best for Seniors?

The best life insurance for senior citizens will depend on what goals you want your life insurance to accomplish.

If you need the maximum amount of life insurance protection at the lowest cost, for a temporary period of time of 20 years or less, then a term life policy may offer the most affordable life insurance for a senior.

However, if you need guaranteed lifetime protection a permanent life insurance policy may offer a good option for you to consider.

Term life insurance will end if you outlive the "term" (duration) of your policy, while permanent life insurance provides lifetime protection.

In addition, if you have health problems there are guaranteed approval life insurance plans that will accept you even if you have poor health.

Learn more about finding the best life insurance for seniors