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Term insurance for retired senior citizen

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04 May, 2021 by  Rahul G

Hi, I would appreciate if you can let me know if there is any insurance company who can provide term insurance policy for retired senior citizens.


Regards,

Rahul

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Term Life Insurance
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06 May, 2021

Hey Rahul,

Hope you are doing well and safe! Regret to inform you that as of now, there are no online term insurance products available in the market which can be purchased by retired senior citizens.

Thanks!

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07 May, 2021

Hello Rahul,


Could you please elaborate on the need for term insurance for a retired senior citizen?


Term Life Insurance is a product that provides financial security to dependent family members in case of the death of an earning family member. We don't recommend term insurance to people who have 1) retired 2) who have accumulated enough wealth to take care of their dependent family's future expenses 3) who do not have financial dependents.



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