You are a little older now and wondering if buying life insurance is a good idea. It does depend on individual circumstances, but for the most part, the answer is a resounding yes. Deciding on the type of policy you purchase will also depend on your needs and health situation. Taking a look at the types of life insurance you have to choose from is the first step.
What Types of Life Insurance Are There?
There are two basic types of life insurance: Whole life and term life insurance. Each has benefits for seniors to consider, and there are reasons why one type might be better for individuals in this age group. Speaking to an expert, like the personal advisors at IntelliQuote, can help you decide on which type of policy might work best for you.