As an older Australian, it’s only natural to worry if your family’s needs will be met when you eventually pass away. This is why it’s a good idea for seniors to consider a life insurance policy to protect their loved one’s financial future.
While there’s no product available called ‘seniors life insurance’, there are policies out there designed with seniors in mind. Here are a few things to keep in mind when taking out cover as a senior:
- While your age will likely affect the premium you pay, depending on your lifestyle, life insurance may not cost as much as you think.
- There are a few things you might like to consider when deciding if you need life insurance after retirement, such as you and your family’s financial status.
- There’s more than one type of life insurance available, and the right type for you will depend on your own financial situation and personal circumstances.