These senior citizens depending upon their actual age factor can either take up the term or whole life insurance policy. In this type actually there will not be any exam plans. Depending upon the coverage length period, the older people can go in for the term life instead of taking up the whole life one, the decision is absolutely at the discretion of the one who wants to buy the policy. If the requirement is for a longer period like say 15 years or above, then it is ideal to go in for the whole life scheme.
The low premium life policies may seem to be tempting mainly for the older generation people, but actually this is not at all advised. Suppose one takes a ten year plan and survives above the period, the plan either ends at the tenth year or this will become expensive later and so you will have to cancel the same to realize the value of it. The amount of the policy should be in par with your needs and situations mainly. So in this scenario it is better to settle in for the term insurance policy with high coverage instead of the low value amount as this will meet better your insurance motives. Find out in detail by visiting http://www.lifeshelter.co.uk/
The next factor that constantly comes into mind while insuring for the older people is the health issue. Health issue is a major factor as people above 60 tend to have a fluctuating health issue as compared with the youngsters. Depending upon your health issues, you have got a number of plans, if you want to pick out the traditional ones, then you can consider the whole life plan.