Age 62 is not too old to secure life insurance coverage, though the types of available policies and their pricing change significantly compared to younger years. While 10-, 15-, or 20-year term life insurance policies remain accessible, many individuals in their early sixties choose whole life, universal life, or specialized final expense insurance to cover retirement debts or legacy goals. Premiums are higher due to age-related mortality risks, but healthy applicants easily qualify.
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