Seniors may benefit from reviewing insurance options to cut costs and boost protections.
Price-coverage ratio: premiums for six-figure protection can be under $100/mo in mid-60s, but ↑ cost at 70.
Delaying purchase leads to higher premiums, limited coverage, and possible denial if health worsens.
Assess if you need coverage for end-of-life expenses or if savings suffice; choose term or whole life accordingly.
No universal answer; consult a financial advisor or insurer to make an informed decision.