Low cost life insurance for over 55

What is lowest cost life insurance for people over age 55?

There are two basic types of life insurance: Term and Permanent.

Term life insurance is the lowest cost life insurance available for a period of 30 years or less. It is pure life insurance protection and provides temporary coverage for a "term" of 10, 15, 20 or 30 years.

Permanent life insurance costs a lot more than term life because it is guaranteed to last your entire lifetime and it builds up some cash vale inside your policy. You may take a loan from the cash value in your policy.

The lowest priced term life insurance would be a term life policy with the shortest "term" for coverage. So, a 10 year term life policy would cost less than a 15 or 20 year term life insurance plan.

Here's how you can learn more about low cost life insurance for over 55 years of age.