Life Insurance For Seniors Over 60
On average we found that a 65 year old male could expect to pay anywhere from 60 to 85 per month for term life insurance with 100 000 in coverage and a 10 year term length.
Life insurance for seniors over 60. This includes term life whole life and universal life insurance. The best life insurance for seniors over 60 is an insurance policy that pays a lump sum amount if you die. Seniors have access to the same types of life insurance as anyone else. One of the main reasons why you should have life insurance is to offset retirement income loss.
However it is a misconception as many insurance companies offer policies that cover people over 60. Term life insurance is available through age 80 although. Reasons to get a life insurance for seniors over 60. Typically this product is used for end of life expenses to pay for outstanding debts or to provide an inheritance to your children.
As a senior you may think that you have limited opportunities to avail of life insurance policies. Many people experience problems when they retire.