There is no one best life insurance company for all seniors, although some are certainly better for older people than others.

The one life insurance carrier that is best for you will depend on your age, what amount of life insurance you need, what type of life insurance plan you want, your health, and even the state in which you reside, among other factors.

If you are over age 60 and looking for life insurance to cover your funeral costs, you will most likely find your most affordable rate in a "final expense" or "burial" insurance policy. These usually refer to small life insurance policies that can be obtained with a minimum amount of underwriting (usually no medical exam is required). You can also get them under age 60, but sometimes there is some savings to taking a medical examination when you are younger.

If you are looking for a life insurance policy over $100,000 of coverage there are very few No Exam Life Insurance options available for people over 50.

Make sure you check to see of the coverage provided by the life insurance policy is immediate, or of you have a graded death benefit the first 2-3 years, before buying your life insurance.

Here's how to learn more about life insurance for seniors.