What is the best life insurance policy for people 65?

Question

need life insurance

Answer 1

What's the GOAL you're trying to acheive?  If it's funeral expenses, it's going to be cheaper, at your age, to just save the money yourself.

The insurance company figures your premium, based on your age, gender, and relative health.  The premium vs payout is the odds on your death.  And the odds will ALWAYS favor the house.

Answer 2

It depends on your how healthy you are, whether you have a family history of cancer, diabetes heart disease, if you smoke. There are many consideration they look at.

Answer 3

If you are looking to cover burial expenses, then there are specific policies for that. If it is to support dependents after your death, then term life will be the most affordable. If you are looking to pass on wealth tax-free to your heirs, they you might consider a single-premium life insurance policy. With a single premium, the premium is paid upfront in a lump sum. The policy covers you until death. Depending on your age (and how much time the insurer has to insure you premium) the death benefit can be two or more times the amount of the single premium and is exempt from estate taxes. Some single-premium policies can include a provision to pay for certain kinds of medical care, such as nursing home care or hospice care, should it be needed. In this sense, the policy functions as a kind of long term care insurance. Any money remaining in the death benefit at the time of the policyholder’s death is passed on to the beneficiary.