Is there life insurance for people over 50 years old?
Yes, in fact, there are several types of over 50 life insurance plans available, including term life insurance, permanent life insurance and guaranteed issue life insurance.
The cheapest type of over 50 life insurance plan is term life which offers temporary coverage for a duration of 10, 15, 20, 25 or 30 years.
Permanent life insurance cost a lot more, and provides lifetime protection, as long as you pay your premiums. It also builds some cash value inside the policy.
Guaranteed-Issue plans offer a limited amount of coverage for seniors, usually from ages 45-75, 40-80, or 45-85. If you meet the age requirements for approval, you cannot be denied coverage.
Here's how to get affordable life insurance over 50.
