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Over 38 million Americans are members of AARP, many of whom look to the organization for trusted advice on retirement and financial products. For those seeking coverage, the question, **what life insurance company does AARP recommend?**, is a common starting point for finding a reliable policy.
While premiums increase with age, it's a misconception that it's too late for seniors to secure life insurance. We address this common concern by answering, can a 70 year old get term life insurance? Yes, it is often possible, especially for shorter terms, though premiums and options will reflect your age and health.
While most term life insurance policies expire without any refund, certain plans offer a unique feature that can return your premiums. This raises the important question, does senior life insurance really give all your money back?
According to the National Funeral Directors Association, the median cost of a funeral was $8,300 in 2023. This makes understanding **what kind of insurance is senior life insurance** a critical part of financial planning for your later years, ensuring your loved ones are not burdened with final expenses.
According to the Insurance Information Institute, life insurance benefits and claims in 2024 totaled over $965 billion, demonstrating its continued importance across all age groups. Many people wonder, “what age is too late for life insurance?” The reality is that there is no single cut-off, as a variety of life insurance options exist for older adults, even into their 80s and 90s.
