After 75, life insurance can help cover final expenses, medical bills, debts, or legacy goals when savings may not fully close gaps.
Available choices include term, whole life, universal life, final expense, simplified issue, and guaranteed issue, each with different costs and eligibility rules.
Coverage is often more limited at older ages, with many applicants facing caps from $25K to $250K depending on policy type and insurer.
Before choosing, estimate funeral costs, debts, final medical bills, and legacy wishes, then subtract existing coverage and earmarked savings to identify gaps.
Shopping multiple insurers can matter because identical coverage may vary by ~30% to ~50%+, and independent guidance can compare options across carriers.
