What Is The Best Life Insurance For A 60 Year Old? 
Most people expect a life insurance policy to pay a death benefit when they die . If that concern is limited to a specific period of time , like the term of the mortgage , then term insurance that matches that period of concern is appropriate . Otherwise permanent insurance is the best option , if you can afford it . Permanent insurance is less expensive in the long run but the initial cost is higher than term insurance because term policies normally end before the insured dies -LRB- without any benefit . -RRB- 