Adults age 65 and older shouldn't automatically dismiss the benefits of a robust life insurance plan. Here's why.

You can typically buy life insurance well into your senior years, but your options and costs will change with age.

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

Learn which insurer provides the best whole life insurance policy.

Your choice depends on your budget, timeframe and investing needs.

Cassidy Horton is a finance writer covering banking, life insurance and business loans. She has worked with top finance brands including NerdWallet, MarketWatch and Consumer Affairs. Cassidy first ...

Daniel Mattia is a researcher and writer for MarketWatch Guides with nearly 10 years of experience writing about auto insurance, warranties, lending and personal finance. A former licensed insurance ...

Term life insurance locks in your rate and coverage for a specific timeframe. Whole life insurance usually lasts a lifetime and includes a cash value component. Your budget, family needs and financial ...

Term life insurance expires after a predetermined time frame but, so long as you keep paying your premiums, whole life insurance will always remain in force. That makes it more expensive, but a whole ...