Life Insurance Quotes

Term Life Insurance for Seniors

Many of today's seniors are obliged to work later in life than their predecessors did.  Not only are people simply living longer, it turns out that pensions, savings, etc. just aren't living up to the rising cost of living and runaway fiscal policy.

In these times, it makes good sense to shop for term life insurance for seniors who are still providing for a spouse or other loved ones.

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What is term life insurance for seniors?

Term life insurance for seniors works like any ordinary term life insurance policy (in fact, it usually is an ordinary term life insurance policy):

It is a financial product that provides life insurance coverage for a set number of years (usually between 5 and 30).  If the covered individual dies while the life insurance policy is in force, the senior life insurance company pays a death benefit to the decedent's beneficiary.

To keep a senior term life insurance policy in force, you periodically pay a fixed premium.  (Depending on the senior life insurance company and your preference, it may be monthly, quarterly, semi-annually, or annually.)  The premium required at the start of your coverage shall be the same size as the premium required at all other periods in your policy's existence.

The challenge of senior term life insurance

Senior term life insurance is not distinct from ordinary term life insurance, but as a senior, you may probably face challenges getting it affordably, particularly if your health is poor.  Health issues aside, term life insurance for seniors is more expensive than term life insurance for younger people because the older one gets, the greater his mortality risk becomes.  That means it costs more for the senior life insurance company and more for the customer (you).

How to buy senior term life insurance

Fortunately, you've given yourself a great advantage in coming to Wholesale Insurance.  Here, you can use our online quoter to instantly obtain and compare term life insurance quotes online (including senior life insurance quotes) from dozens of reputed, well-known life insurance companies.  All in one place, all for free.  If you'd rather speak to a friendly, licensed advisor, pick up a phone and get in touch with one for free: (800) 823-4852.

Start by finding the quote form on this page, or click HERE to visit our main life insurance quotes form.  Supply information about yourself (age, height, weight, etc.) and about the coverage you want (how much and how long).  If you are in doubt as to how long you need coverage or how much to buy, visit our life insurance information library for instruction on these and other topics.

Your options for senior life insurance

Even if you've been declined coverage elsewhere, we at Wholesale Insurance may be able to get you approved—and at a price you can afford.  However, ordinary term life insurance is not the only option for seniors.  Examine our Life Insurance for Seniors page for further options.

Talk to an Advisor

A licensed insurance advisor can explain your options and help you choose the right life insurance for your needs.

Call: 1-800-823-4852

Chat: Live Advisor Chat

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A few of the carriers we quote