It’s often easier to buy life insurance when you’re young than when you’re getting on in years. Even so, seniors in and around Naples, FL, aren’t out of options for this form of coverage. 

Term Insurance

As the name implies, term insurance only provides coverage for a set period of time. It’s ideal if you’re still paying off loans and don’t want your family to be burdened with these if you pass on before the term is up. However, it’s not an ideal option if you want to make sure your funeral expenses are covered, as the coverage may expire before you pass on. You’ll then either have to buy another term policy or purchase a different type of life insurance, both of which may be harder and more expensive to do when you’re over 70 years old.

Permanent Life Insurance

This policy covers you to the end of your days. It’s expensive and requires you to undergo a medical exam, but it can be well-worth the cost if you want to cover expenses and leave money for your beneficiaries. 

Guaranteed Issue Insurance

You can purchase guaranteed issue insurance no matter how old you are or how many health issues you have. Even those who have been denied life insurance coverage due to age and/or medical issues can buy a guaranteed issue policy. However, it’s a last resort for many people, as policy premiums are high, and the payout is lower than that for other policies.

Need Life Insurance? Call Pro America Insurance to Find Out More About Your Options

Pro America Insurance is proud to serve seniors in and around the Naples, FL, area. We offer a range of life insurance options and are happy to explain the pros and cons of any policy you’re considering. Call us to learn more, get price quotes, or buy coverage.