What to Do When You Can’t Afford Traditional Life Insurance – Tips for Seniors on a Fixed Income
Life insurance is a crucial investment, especially for seniors on a fixed income. It provides financial security and peace of mind to the policyholder and their loved ones. However, traditional life insurance can be expensive and unaffordable for many seniors. Fortunately, there are alternative options available that are equally effective and affordable. Alternative Life Insurance Options for Seniors One such option is term life insurance, which provides coverage for a specific term or period, typically ranging from one to thirty years. It is a cost-effective option for seniors who require coverage for a specific amount of time, such as to