Life insurance best life insurance for over 60s  becomes more expensive as you enter your 60s. This is because most life insurance companies consider you a high risk applicant due to your age.

This is why it’s important to compare rates. Not all life insurance companies will view you in the same way. Some may decline you for a particular policy, while others will offer more competitively priced plans.

Unveiling Life Insurance Costs in the UK: What to Expect

As you get older, you should also reevaluate your needs and financial goals. For instance, you may want to cover funeral expenses or pay off your mortgage. Or maybe you want to leave an inheritance for your children or grandchildren. Whatever your reason, you’ll need a life insurance plan that will meet your specific requirements.

Term policies are the most affordable options for seniors over 60, but they only last for a set period of time. Alternatively, if you’re looking for permanent coverage, you can purchase a whole life or guaranteed issue permanent life policy that doesn’t require a medical exam.

New York Life is one of the few life insurance companies that will issue a policy to applicants up to age 90 (most will stop at 85). They have been around for 170 years and have an A++ rating from AM Best. This is the highest rating available. Additionally, they have low complaint ratios and can offer more competitive prices for senior citizens. They also have a large selection of policy types to choose from.