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:

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• pay off a loan
• cover estate assessments
• have enough money to cover final expenses
• transfer a business

Term Life insurance is temporary, and it ends at a pre-determined term. Cash is paid-out from a term life policy only if the person covered passes away during the term (or if they have special riders like Return of Premium). So why should you invest in Term Life Insurance? Is it really worth it?

Yes. Yes it is.

This guy ponders if dying during his life insurance term is worth it to have the policy pay out. How silly...

BUT WAIT-you say; term life doesn’t build cash value like a Whole Life policy does. So, if I don’t die, it’s kind of not worth it, right?

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