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Senior Life Insurance Company provides small life insurance policies that are intended to cover final expenses. Coverage is available up to $50,000, and no medical exam is required.

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However, the company does not have an AM Best financial strength rating and receives a large number of customer complaints.

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Senior Life provides life insurance without requiring a medical exam. When you apply, you may be asked a few health-related questions.

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Senior Life offers small whole life plans, including a guaranteed issue policy, for people with moderate to severe health conditions.

Guaranteed issue whole life insurance:

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Senior Life provides a return of premium term policy, which means that if you outlive the 20-year term, you can get 100% of your premiums back.

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This kind of policy is more expensive than a standard term policy, but insurers do not typically make it available to their customers very often.

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By purchasing a term policy from Senior Life, you can receive up to a maximum death benefit of $50,000 should you pass away during the policy's term.

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By purchasing a term policy from Senior Life, you can receive up to a maximum death benefit of $50,000 should you pass away during the policy's term.

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Whole life caps at $30,000. These coverage amounts may be enough to cover final expenses, but not lost income.

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Senior Life only has two policy options: whole life and term. Other types of coverage, such as universal life insurance and indexed policies, are available from many companies.

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Using the average 15-year mortgage rate, choose a 15-year term. If you want low monthly payments and a shorter term, use this section of the calculator.