Having life insurance is one of the most important things a person can do for their loved ones.

Taking the financial burden off of those around you in the event of your passing is a wise move. This is especially true given how expenses are rising in today’s economy.

Some people purchase life insurance in retirement, while others take on this task earlier. If you’re a senior who’s shopping around now, you may be wondering how your age or health conditions will impact your options.

These insurance policies may cost a bit more for older individuals, but they don’t require medical exams, and provide some good coverage that can shield your loved ones from added stress when you pass on.

For more content focused on seniors, retirement, and Social Security, follow NORA on Facebook and Twitter.