Seniors are still being encouraged to buy life insurance. Despite the initial impression that they don’t need it, it’s important to know that many widows are left without a cent when their spouses die.
That’s why seniors life insurance is still a wise finance decision because their loved ones can still benefit from the lump-sum they’d receive by their death.
But aside from that, financial legacy is something many consider important. And by leaving behind something for their kids, these senior parents are more confident that their children will at least have something to help them when their gone.