A. Your senior term life insurance policy may expire at a time when it is tough to get a new policy. However many mature adults can find good Senior Life insurance coverage at age 60, 75, or even 85, even if they have developed some health issues.
Senior Term life insurance is simple to understand, and allows for personal choice. You pay a (low) monthly premium based on the term length and amount of coverage you choose. You can choose term lengths such as 10, 20 or 30 years, and coverage amounts anywhere from $100,000 to several million dollars. Senior Term life insurance is a life insurance policy with a definite period of time you are insured. Senior Term life insurance is a good type of plan if you are young and healthy and are looking for a plan that protects your beneficiaries in case of death. A senior term life insurance policy will usually have a very low monthly cost, sometimes as low as $10.00 a month, and can protect you for several hundred thousand dollars.