Is it advisable to take a life insurance for a senior citizen at the age of 62 years?






Dear 

It is not advisable as mortality cost becomes very high . Moreover, by age 62 all financial liabilities are over. You should buy if you have dependants on income generated by you.

But if you are taking a loan then loan liability must be covered through Group Term Insurance.

Please declare all medical facts before taking insurance at age 62 .

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