One thought on “What Is the Cost of Life Insurance for Seniors?

  1. Arti says:

    They can take your information and get a comprehensive list of quotes. Once the term expires, the policyholder has to apply again and purchase a new policy. Term life insurance, like its name, is designed to last for a specific time frame, usually ranging from 10 to 30 years. How much you pay for life insurance as a senior will depend on the type of coverage you decide to purchase. For example, at age 60, you can expect to pay between $100 and $200 a month for $250,000 of term life coverage on a 20-year term. To get the best whole life insurance quotes, you should contact an independent insurance broker. If you wait until age 75 to buy coverage, your premium will likely increase to between $550 and $876 per month.

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