As an overall demographic, senior citizens are the group that’s most likely to need life insurance in the next decade, yet those without coverage will find slim pickings when they start to shop around. Many life insurers only offer policies to younger age groups — up to age 65, or in some cases only up to age 55 — and those who do offer life in insurance for seniors charge much higher premiums to account for the increased risk.
Fortunately, you can get life insurance as a senior citizen if you’re flexible and know where to look. In fact, the best life insurance for seniors may even be more affordable than you think, and it’s possible to purchase coverage that lasts until the day you die.
Our guide aims to explore the options for the best life insurance for seniors, as well as the limitations you’ll find with each kind of plan. So if you’re a senior who’s hoping to leave money to your heirs for final expenses or another reason, keep reading to learn more.