Signing up for life insurance could be pivotal in protecting the family after one’s passing. However, seniors may find it daunting to choose the ideal plan. This is because buying life insurance requires more research, with various factors coming into play, such as one’s overall health and budget. But that does not mean one needs to settle for less. Here are nine tips to help seniors pick a reliable life insurance policy. Understand the types available People must never sign up for any insurance plan without understanding the options available. The type of plan one should pick will depend on their budget and priorities. Below are some examples: – Term life insurance is a low-cost option if someone is in great health for their age and willing to undergo a healthcare exam. – Whole life insurance offers lifelong coverage on the condition that one continues to pay their premiums. – A guaranteed issue life insurance does not require healthcare examinations, so it works well for those who do not qualify for coverage from other policy types. – Another option is funeral insurance, where the amount received from the insurance company goes directly to a funeral home to cover the expenses associated with prearranged funeral services.