Life Insurance for People Over 60
Are you over age 60 and in need of life insurance coverage?
If so, you may want to consider several things before starting your search for the right life insurance policy.
First, what do you want your life insurance to accomplish?
How much life insurance do you need?
What can you afford to pay for your life insurance?
And, what type of life insurance is right for you?
When it comes to buying life insurance there are two basic types of plans – term and Permanent.
Term life insurance offers the lowest priced option and provides coverage for a specific period of time.
Permanent life insurance costs more, because it provides lifetime life insurance protection.
So, if you need life insurance for 20 years or less, term life may be an option to consider.
If you want to make sure you have lifetime coverage, permanent or whole life insurance may be right for you.
Also, there are life insurance plans that do or do not require you to take a physical exam to qualify. The no exam life insurance plans may cost more since they may accept some applicants who might not otherwise qualify for life insurance.
Learn more about life insurance for people over 60 and compare plans online.