Guide to the Best Senior Life Insurance for Seniors
You may be able to pay as little as $15 a month, or you could end up paying over $1,000 a month.
When looking for the best life insurance for seniors, it’s important to ask the following questions:
How much coverage do I need? What kind of life insurance should I get?
What kind of policy is best for my family? How much can I afford? Can I get approved for the policy I want?
Two things in mind: your age and your budget.
Term insurance pays benefits only if death occurs during the term of the policy
Healthy men over 70 can expect to pay $122 to $435 for a ten-year term life insurance policy with a $200,000 death benefit
Healthy women will pay between $66 and $194 for the same policy.
When buying whole life insurance for seniors, healthy men should expect to pay between $1,122 and $2,089 a month for a $250,000 death benefit
Healthy women will pay $934 to $1,801 for their whole life insurance policies.
men will pay roughly $43 to $286 for a $10,000 policy, while women will pay about $33 to $211.