If you’re a senior citizen, it’s a mistake to buy a life insurance policy before you weigh the costs of coverage against the benefits it will provide for you and your heirs. When you’re an adult with a spouse, young children or others who depend on you, it makes sense to have a policy that will replace your income if you die. As you age, however, life insurance quotes can become prohibitively high.

Is there ever a point when life insurance is so expensive that it’s no longer is appropriate?

“The short answer is yes,” says Matt Rowles, a director in advanced marketing for individual life insurance at Prudential Financial. “Old age and poor health will certainly drive up the cost of insurance. If it drives it to a point where it makes little financial sense, that is probably the point where life insurance is not appropriate.”

Sometimes its best to take a step back, take a deep breath, and totally assess the situation. Luckily for you, were here to help you in every sense of the word. Contact us to review your life insurance plans and any other questions you may have regarding the insurance industry.