What is the best non term life insurance coverage for people over 60 years old?
The only option for non term coverage would be permanent life insurance.
Permanent insurance provides guaranteed lifetime protection as long as you pay your premiums on time.
These plans provide a death benefit, and they build cash value inside the policy from which a loan may be taken in the future.
However, permanent life insurance usually costs up to 5-10 times more than the same amount of term life insurance.
In addition, there are guaranteed issue permanent life insurance policies available that guarantee your approval if you are between the ages of 45-85.
With guaranteed life insurance there is no exam required and no health questions asked.
Learn more about
permanent life insurance coverage.
