Life Insurance for Elderly

 

   
   
 
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Life Insurance for Elderly


Types of Elderly Life Insurance Coverage

Types of Elderly Life Insurance

  1. Burial Life Insurance
    - Permanent whole life insurance.
    - Premiums never increase & benefits never decrease.
    - Available for ages 50 to 85.
    - Face amounts range from $2,000 to $30,000
    - No medical exam is needed to qualify.
    - Builds cash value over time.
    - Learn more about burial life insurance 

  2. Traditional Whole Life Insurance
    - Permanent insurance coverage.
    - A medical exam may be necessary for coverage.
    - Most suitable for ages 20 to age 50.

  3. Term Life Insurance
    - Temporary insurance coverage.
    - Term depends on your age.
    - Cheaper than whole life insurance.
    - Does not build cash value.
    - Coverage ends at a certain age unless renewed at a higher rate or converted to whole life insurance.
    - Learn more about term life insurance
 




Life Insurance for Elderly

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