There is no definite answer as to which insurance is best for seniors. However, some factors to consider include the seniors' age, health condition, existing coverage, and budget.
Seniors aged 80 years and above are generally not advisable to purchase new insurance policies. This is because most insurance companies would not entertain applications for new insurance coverage for people in this age bracket, owing to the increased risk of mortality.
Health condition is another important consideration. If the senior is suffering from any chronic illnesses or has any pre-existing medical conditions, it is best to find an insurance policy that covers these. Existing coverage is also something to take into account – if the senior already has some coverage in place, it might not make sense to switch to a new policy.
Finally, affordability is an important factor to consider. Many seniors live on a fixed income, and it is important to find an insurance policy that fits within their budget. There are a variety of insurance policies available, so it is important to compare and contrast different options before making a decision.