What is the most affordable life insurance for people age 50 and over?

The most affordable life insurance for people ages 50 and over will depend on the type of life insurance you need - and what your goal is for your life insurance plan.

If you need short term life insurance for a period of 30 years or less, then a term life insurance policy may offer the most affordable prices.

If you need lifetime life insurance protection, then a whole life insurance policy (which costs more) will be the type of plan to meet your goals.

If you have health problems, you may only be able to qualify for a guaranteed issue life insurance policy, which costs a lot more than term life, but guarantees your acceptance for life insurance if you meet the age requirements (45 to 85).

Here's how to compare life insurance quotes for people over 50 to help you find affordable life insurance coverage.