There’s no sugar-coating it — purchasing life insurance policies over 55 is much more high priced than purchasing it whenever you’re 35. That’s because there’s a greater risk that the insurance coverage business will already have to cover down. There are numerous policy choices to pick from, and they’re all perfect for something. That will help you navigate, I’ll walk through each kind.
Also at 55, term life is a great choice — it is a straightforward product therefore the premiums are usually less than along with other choices. Continue reading