What life insurance options are there for seniors ?
Life insurance is such an important thing to have for your own peace of mind. The benefit of having life insurance is that it can provide you with cover for your family or for debts should you die during the term of the policy.
What is senior life insurance?
Senior life insurance is a policy that has been created for those over the age of 50 and differs slightly from the standard life insurance. Many of the leading insurers will be able to provide senior life insurance cover but it is worth bearing in mind that there are also many companies that specialise in this alone. It is therefore always worthwhile searching and comparing quotes before settling on the first one. By choosing specialist cover you may not have to have a medical either and not all of these companies will need to know about your medical history or if you have any pre-existing conditions. Senior life insurance will still pay out a lump sum should you die.
Factors that will affect your quote
The quote you receive will also depend on a number of factors. In the main, the older you are, the more likely it is that your premiums will be higher. This is usually as there is a greater risk then covering a younger person. As with all types of life insurance your lifestyle and gender will also affect the quote and the premium you will pay.