What life insurance is best for seniors?

The best life insurance for seniors will depend on what goal you want your life insurance to accomplish.

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

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

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

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

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