What Is The Best Life Insurance For Over 60? 
The best life insurance for persons over age 60 is usually some sort of Permanent life insurance policy . Of course , some 60 year old 's have temporary needs , such as wanting to be able to pay off a mortgage . For those needs , Term insurance is fine . But if there is any desire to use the life insurance proceeds for final expense , or to leave money to the grandchildren , or other purposes that would require that the life insurance still be in effect when death occurs at any age , then Permanent life insurance is needed . When younger , an Insured person might count on the convertibility feature of Term life insurance to provide Permanent coverage , if needed , later on . But most Term policies are only convertible to permanent policies to between age 65 to age 75 , depending on the policy . If a 60 year old person purchases a 20 year Term policy and does not pass away before age 80 , the policy will jump sky high in premiums and there will no opportunity to convert it to a permanent policy at that time . 