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Life Insurance Policies For Seniors. Life insurance for seniors, namely those in their 50s and 60s, may be more expensive than a policy for someone younger. Affordable, flexible term life insurance at your pace.
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Yes, life insurance for seniors is convertible to permanent coverage. Term policies are the least costly, but whole life coverage offers peace of mind, no matter how long you live. You can also get death benefits that range from $5,000 to $25,000.
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Guaranteed universal life insurance is the cheapest way for seniors to get permanent life insurance coverage, as policies typically have little to no cash value component. Since life insurance premiums for seniors can vary so much, you should not assume these premiums will represent your own quotes. Life auto home health business renter disability commercial auto long term care annuity. 1.1 life insurance over 50.