term life insurance

Is It Worth It for Seniors to Get Term Life Insurance?

Many retired households wonder if they need to get life insurance now. After all, while employees’ savings and 401(k)/IRA accounts follow them after they stop working, their employer-sponsored life insurance doesn’t. A whole life policy, however, is too expensive. Even the best term life insurance for seniors over 60 years old would cost less than a quarter of the premiums…