Life insurance can offer valuable financial protection, even for applicants age 65 and older. stockphotodirectors/Getty Images

With open enrollment season underway, many seniors now find themselves combing through their Medicare supplementa l and health insurance options. Finding the right policy now can both improve coverage options and potentially save significant sums of money. So it's worth shopping around to find the right, cost-effective policy for your needs.

But savvy seniors may also want to use this current open enrollment period as a starting point to review all of their insurance protections overall, not just ones directly related to their health. And that could mean taking a second look at life insurance , specifically. While not something that many seniors aut

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