Term life insurance for seniors offers the gift of a financial safety net for your loved ones as it can provide funds to cover your end-of-life expenses after you’ve passed. In this post, we’ll examine some of the ways that life insurance for seniors can help your loved ones while they grieve your passing.
How Term Life Insurance for Seniors Works
Like all term life insurance, term life insurance for seniors offers financial security for the loved ones of the policy owner, providing a cash payout upon their passing, called a death benefit.
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There are two different ways that life insurance can help seniors—either by you, as an elder in your family, getting a policy on yourself, providing a death benefit to your beneficiaries, or by your