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Term Life Insurance for over 65

Term Life Insurance for over 65 is an alternative for seniors who are interested in ensuring their life and opt out of enrolling in Whole Life or Universal Life Insurance plans. The choice in this case can be predetermined by the fact that Term Life Insurance is normally cheaper, though as you grow older the premiums increase, and it is advantageous in terms of offered benefits. Besides, nowadays there is a pronounced tendency on the part of insurance companies to accept more applicants over 65 to Term Life Insurance. Some "senior-friendly" insurance companies work specifically with people over 65.

It should be borne in mind that rates and plans vary considerably by location. In most cases you will be required to provide the insurer with the record of your medical condition and in case of serious illnesses or surgeries you may be rejected as an enrollee to a Term Life Insurance plan. If an illness develops after you have received a Term Life policy, your insurer may refuse to increase your coverage. However, in some cases no medical examination at all is necessary for obtaining Term Life Insurance. It will be rather difficult, if not altogether impossible, to obtain a 30 year policy if you are over 65, but a 10 year Term Life policy is quite feasible.