The average cost of Senior Life Insurance is around $127/month. Compare personalized quotes from top providers in 3 minutes. More Choice. More Savings., Compare the best life insurance companies. We evaluated costs, coverage, customer satisfaction, and more. Expert-rated picks include Nationwide, Lafayette Life, and MassMutual., Senior life insurance is usually any type of life insurance coverage available to people age 62 and older. Term life, whole life, guaranteed issue, and final expense policies are all options for seniors. State Farm, Mutual of Omaha, Northwestern Mutual, Prudential, and MassMutual all offer life insurance products for seniors., Read this comprehensive Guide to Life Insurance for Seniors Over 80 and learn about your best options for no medical exam, term life, whole life, cost of insurance, and more., Find the best life insurance options for seniors. Explore policies designed to provide peace of mind in retirement., The Best Cheap Life Insurance for Seniors in 2025 AARP earned our top spot for their affordable life insurance plans. The brand scored well in our testing categories, including average premiums, age limits, medical exam requirements, customer service, and nationwide availability..