Is there any life insurance available for seniors?
Yes, there are life insurance policies for seniors. Some plans offer permanent life insurance and others provide term life insurance coverage.Permanent life insurance for seniors costs more because it provides lifetime coverage, while term life insurance costs less since it is temporary, usually for 10, 15, or 20 years.In addition, there are some life insurance plans for seniors that do not require you to take any physical examination, but there may be some health questions for you to answer when you apply for your life insurance.
Senior no exam life insurance may cost more since it offers you the opportunity to purchase your life insurance with no exam. Also, some no exam life insurance policies offer a smaller amount of life insurance coverage, and full coverage may or may not start immediately.Graded benefit life insurance offers no exam life insurance but your full amount of life insurance protection is not available until you have been insured for at least 2 years.Here's how you can learn more about seniors life insurance and request your free quote today.
