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Life Insurance For People Over 50. Life insurance may also be useful in paying estate taxes after you die, so that your heirs won’t be saddled with high taxes on your estate. If you are 50 years old and you buy a 30 year term policy you will be 80 years old at that time.
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The lower coverage amounts, between $5,000 and $35,000, make it affordable and easy to qualify. Below is a list of some of the most highly rated and affordable insurance policies available for individuals over 50. If you are 50 years old and you buy a 30 year term policy you will be 80 years old at that time.
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Those companies offer term life, whole life, and other types of coverage. Do people over 50 need life insurance? The 5 best life insurance providers for people over 50 best overall: Numerous companies offer life insurance to older people.
