If you are over the age of 50, you may not be aware that you may be able to sign up for a term life insurance policy. As time progresses, it’s normal to start thinking about the economic prospects of your loved ones. Term life insurance for senior citizens may help to deal with some of these issues.
Life insurance for seniors may help cover costs in the future that your retirement funds may not cover, such as:
- pay off a loan
- cover estate assessments
- have enough money to cover final expenses
- transfer a business