What is the best type of life insurance for seniors?
A guaranteed issue life insurance policy is often the best option for seniors in poor health. This is a type of life insurance that does not require a medical exam or answer any health questions, and you can't be turned down in any case.
Who has the cheapest term life insurance for seniors?
Companies With the Cheapest Term Life Insurance for Seniors by Age. MoneyGeek found that Transamerica offers the most affordable life insurance for seniors in their 60s, while State Farm is the lowest-cost option for 70 and 80-year-olds.
What is the best life insurance for over 60?
The cost of AARP life insurance varies greatly because they offer different policy types. A healthy nonsmoking 65-year-old male seeking $25,000 in coverage will pay a monthly rate of $67 for term, $158 for permanent whole life, and $225 for guaranteed acceptance.
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