If you are a senior citizen without life insurance you may be worried about how your loved ones will be able to afford your final expenses.  Getting senior life insurance may not be as easy as it would have been had you obtained it in your youth; however, it should still be obtainable if you know how and where to look and what to look for.

As a senior citizen, it is likely that your income has decreased due to retirement and the possibility of living on Social Security.  For many, the thought of being able to afford life insurance on a small or limited budget may seem out of reach.  However, there are options that may be available to seniors wishing to obtain life insurance.

One of these options is seniors term life insurance.   Term life insurance means that you will typically be purchasing life insurance for a specific amount of time which could be anywhere from five to twenty years depending upon the company, the policy and your preference.  This type of life insurance is typically cheaper than other types of insurance as well and is one of the reasons many seniors may turn to this option.

Term life insurance may be one of the lowest priced life insurance policies; however, your rates will typically vary depending upon several factors.  Factors that may increase or reduce your rates include the term time, your age and gender, your exercise routine and even your weight.  It is generally a good idea to make sure that you get several term life insurance quotes from reputable companies so that you will have an idea of insurance costs, benefits and what you can afford.