term life insurance for seniors

Can You Still Buy Term Life Insurance After 60?

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A confident senior man in his early 60s reviewing a life insurance policy document at his home desk

Quick Answer Yes. Most insurers sell term life insurance to applicants in their 60s, and some offer new term policies up to age 75 or 80. Coverage typically costs more than it did at 50, terms are shorter (10, 15, or 20 years instead of 30), and many insurers cap the maximum death benefit available … Leer más

Term Life Insurance vs. Whole Life Insurance: Which Is Right for Seniors?

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A senior man thoughtfully comparing life insurance policy documents at his home desk

Quick Answer: Term life insurance is usually the cheaper option for seniors who need coverage for a specific period, like paying off a remaining mortgage or supporting a spouse for a set number of years, while whole life insurance costs more but lasts for life and builds cash value, making it a better fit for … Leer más