Best life insurance types for truck drivers:
Term life insurance is the right choice for the overwhelming majority of truck drivers. It provides a fixed death benefit for a set term (10, 20, or 30 years) at the lowest possible premium. For a driver with dependents and a mortgage, a 20-year term policy ensures the family is protected through the years when the financial obligation is highest.
Final expense insurance is a simplified issue whole life policy requiring no medical exam. SelectQuote and similar brokers recommend it for drivers who are 60 or older or who face underwriting challenges. Coverage amounts are typically lower ($5,000 to $50,000) but approval is near-guaranteed.