If you are a senior over the age 70, life insurance policies are pretty much widely available. When you choose your life insurance at this age, you should not get term life insurance as your premiums may increase significantly over the course of the next decade.
The best life insurance for seniors over 70 is called the Guaranteed Universal Life Insurance (GUL), as it does not have costly management fees. You can keep your premiums at a reasonable level and still be protected.
You will get your policy guaranteed until a certain age, which you can select. It is also very affordable, and you get lifelong coverage.
If you want a closer look at some of the best insurance providers who can offer you this, have a look at some of our posts on senior life insurance plans. Visit Senior strong today to learn more!
William Rivers is an editor with a master’s degree in Human Services Counseling at Maine State University. He has more than 20 years of experience working in the senior healthcare industry.