How Much Does Life Insurance Cost For Seniors? 
Senior Life Insurance is generally referred to as `` final expense insurance '' or `` burial insurance '' . These are smaller policies that do not require an exam and normally are Whole Life so that they stay in effect until the time of death . Some allow you to pay the premium all at once , or for a limited time , while others require that you pay the premium to age 100 . Some Senior Term Life is offered , and some Senior Whole Life policies do not guarantee that the premium stays level . With both , there is a risk of the policy becoming unaffordable before death occurs . However , Seniors are not restricted to getting burial insurance policies . Persons of advanced age can get any amount of medically underwritten coverage for which they qualify financially and health-wise . Senior Life Insurance will not be as low priced as life insurance for younger persons , but by shopping with a number of carriers you can find the most affordable senior life insurance available . 