Life Insurance For Seniors Over 60. Term life insurance is available through age 80, although. Life insurance companies will not allow you to apply for new life insurance for seniors over 80, except for funeral insurance cover only.
Therefore, unless you want to leave an inheritance for your family members, you should opt for a term life insurance policy. For seniors over 60, whole life insurance can be affordable depending on the provider you choose. Top reasons why seniors over age 60 need life insurance.
He had no particular loyalty to any one insurance company, so he was able to shop all major insurance carriers.
So, it could be something to consider if you want to leave a gift for your loved ones or contribute towards your funeral costs. However, you can also find the best term life insurance for seniors over 60 years old if that is the type of policy that you would prefer. Life insurance companies will not allow you to apply for new life insurance for seniors over 80, except for funeral insurance cover only. If you want the guarantee of whole life death benefits, you.