There is no one-size-fits-all answer to this question, as the best insurance for old age depends on many factors, including your health, lifestyle, and financial situation. However, some things to keep in mind when considering insurance for old age include:
Whether you want coverage for long-term care or not. Long-term care insurance can be expensive, but it can be a good option if you are worried about the cost of long-term care in the future.
Whether you want whole life or term life insurance. Whole life insurance provides coverage for your entire life, while term life insurance only covers you for a set number of years. Whole life insurance is typically more expensive, but it can be a good option if you want to leave a death benefit to your heirs.
How much coverage you need. This will depend on your financial situation and your family's needs. Make sure to get quotes from different companies to find the best rate.
What rider options you need. Riders are additional features that you can add to your insurance policy for an additional cost. Some common riders include coverage for inflation, critical illness, and disability.
There are many different insurance companies and policies to choose from, so it's important to do your research and compare different options before choosing a policy. You may also want to consult with a financial advisor to help you make the best decision for your needs.