Life insurance plans for seniors
A life insurance policy for seniors can help pay for funeral and final expenses, medical bills, and other outstanding debts such as mortgage payments, credit card bills and personal or business loans. Life insurance for senior citizens is available, but it’s important to compare prices to find the right fit.
If you are looking to cover specific financial responsibilities, like a mortgage, at a reasonable price, consider term life insurance. Typically, term life insurance for seniors is available in increments of five or 10 years.
Seniors who are looking for life insurance for estate planning, a means to maximize your pension, cover business responsibilities, or set up a trust should consider a permanent life insurance policy such as Whole Life.
Universal life insurance for seniors offers options to help you create a more specific plan for your future with the monthly premium building cash value within the policy.
An affordable way to provide the financial resources necessary to help cover your funeral costs and other final expenses or outstanding debts.
There are pros and cons for every type of life insurance plan. Your local, licensed insurance agent is a valuable resource to help you determine which policy type is best suited for your family’s needs and budget.
To speak to a licensed insurance agent
Call 1-855-398-5904