Understanding the Types of Life Insurance
There are primarily two types of life insurance: term and permanent.1 Term insurance provides coverage for a specific period whereas permanent, or whole life insurance, lasts your entire life. One is more costly so researching the types and how much they cost can help you pick an insurance policy that fits your budget.

Get Low-Cost Life Insurance
Contrary to common perceptions, life insurance can be more affordable than you think. Policies tend to be lower cost when you’re younger and without health issues, but that doesn’t mean affordable options to older adults aren’t out there. The key is to take the time to compare all of your options before choosing the right one for you.

Exploring Affordable Life Insurance Options for Seniors
When it comes to senior life insurance options, there are several choices worth considering. Guaranteed universal life insurance offers lifelong coverage with a guaranteed death benefit, and the premiums can be much lower compared to other permanent policies. Guaranteed whole life insurance, on the other hand, is ideal for seniors with health conditions as it doesn’t require a medical exam, provides lifelong coverage, and builds a cash value over time.

Further, for those looking to cover end-of-life expenses, final expense life insurance offers a wide range of coverage. And let’s not forget about universal life insurance, which provides flexibility, a guaranteed death benefit, and the option to grow cash value or add a long-term care rider. With so many options available, it’s important to keep exploring to find the policy that suits your needs best.

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