Truth be told, it is costly to buy a life insurance policy at the age of 60 than buying it at the age of 30. This is because life insurance actually might have to pay out sooner than they want to. There are many term life insurance quotes for seniors to choose from keeping in mind their budget constraints.

It is important to focus your attention on getting health insurance as your retirement approaches. It can give you the peace of mind knowing that your health is covered. Retiree health insurance is when you are retired and have Medicare and group health plan (retiree) from a former employer. In such a scenario, Medicare covers your bills first followed by your group health plan.