Life Insurance for People over 55

Which is the best life insurance for someone over the age of 55?

It really depends on what you need your life insurance to accomplish.

Many people over 55 buy life insurance to replace their income, pay off the mortgage, provide for their child’s college education, pay for their final expenses, maintain their family’s lifestyle, provide for their spouse’s retirement, or pay off debt.

No matter what your reasons for life insurance, you’ll want to consider how long you need coverage to accomplish your goals. If you need life insurance for 30 years of less, term life insurance will offer lower annual premiums lock-in for a period up to 30 years.

Term life offers you life insurance protection for a “term” of 5, 10, 15, 20, 25 or 30 years.

If you need life insurance guaranteed to last your entire lifetime, then a permanent life insurance policy can help to accomplish your goal.

If you are having trouble getting insured due to health issues, there are guaranteed approval life insurance policies available.

Learn more about Over 55 Life Insurance plans.