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Life Insurance for Senior Citizens in India - Benefits Features A life insurance policy for senior citizens provides financial security for loved ones and helps cover expenses like medical bills or outstanding debts It ensures peace of mind with affordable, tailored plans for older age groups
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7 Best Senior Life Insurance Reviews for Ages 60-85 (2025 Rates) Baby Boomers own life insurance at higher rates than any other generation, with 57% having senior life insurance coverage according to LIMRA’s 2024 Insurance Barometer Study Seniors typically purchase life insurance to cover final expenses, pay off remaining debts, replace income for surviving spouses, and leave a legacy to family members The costs vary considerably by age and gender A 70-year-old woman pays approximately $2,361 annually for a $500,000 term policy, while a man of the