How to Find the Best Over 60 Life Insurance

best over 60 life insurance

If you’re looking for the life insurance cost over 60 life insurance, you should know that your options will differ depending on your personal situation. In general, however, you can expect to find affordable options if you shop around and compare quotes. You may also need to consider what type of policy you want. The most common option for people over 60 is term life insurance, which provides coverage for a set period of time, such as 10 or 15 years. Other policies, like whole life or universal life insurance, have no specific expiration date but require you to pay premiums for the rest of your life.

Generally, term life insurance is more affordable than permanent policies. This makes it an attractive option for older adults, as they can protect themselves against large debts such as mortgages and other obligations. However, if you have substantial assets, you might consider purchasing a permanent policy so that your family can benefit from those investments if necessary.

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A good choice for seniors over 70 is MassMutual, which offers a range of coverage options that build cash value over time. This money can be used as collateral if needed. Additionally, they offer flexible payment plans and have a high customer satisfaction rating.

Another option is Pacific Life, which offers a no-exam life insurance policy until age 69. This policy is ideal for people who do not want to take a medical exam but need more than a $500,000 death benefit.