Getting Life Insurance Over 70: What You Should Know?

Life insurance is available for individuals over 70, although premiums will be higher, and coverage amounts may be lower for shorter periods.

When seeking life insurance as a senior, it is crucial to find insurance providers specializing in coverage for older individuals and to disclose any health conditions and medications honestly.

Seniors over 70 can purchase life insurance policies that do not require a medical exam, but these policies typically come with higher premiums.

The cost of life insurance for individuals over 70 varies based on the desired coverage amount and the type of policy chosen, with term life policies generally offering more affordable rates.

The best type of life insurance for people over 70 depends on their circumstances. Still, policies with level premiums and living benefits are often preferred for their ongoing benefits during the insured's lifetime.

Before you settle on a policy, do some comparison shopping. You can find almost anything you are looking for if you do the right amount of research.  Contact the agents at J. Archer Insurance Group today. We can answer all your questions and make sure you get the right policy for your personal needs. Click on the link below  to contact us!