If you are looking for information about life insurance after 60 then the internet is a good place to start. You should however only use the information that you find searching the internet as a basis to ask further questions of a qualified insurance advisor.
No matter where you buy a policy from it is going to cost you more compared to taking out a policy earlier in your life. There are different types of life insurance that you can take out and it will depend on your particular requirements and circumstances. You could take out a term life policy that will last until die or you may want to take out a temporary term life policy that will cover you for the period specified. If however you outlive the term of the policy you will need to take out another one. Conversely a short term policy will cost less than getting a whole life policy.
A life insurance policy isn't particularly going to benefit the person it is covering but those of the beneficiaries. People take out life insurance for many reasons, one such reason is to pay out a lump sum to the beneficiary to cover the cost of funeral arrangements and settling the estate after they are gone.
When you take out a policy in later life, to put not too finer point on it, you will more than likely be paying fewer premiums towards the policy. To counteract this the life insurance companies have to charge more for the premiums the older a person is. They also have to take into account the health and history of the person seeking to be insured. You should consider the potential cost of premiums compared to the financial benefits to any beneficiaries once the policy matures.
