This is a generic term often given to life insurance or funeral insurance for those aged 50 and over. Some insurance plans have branded this name too.
If you are in the age group 50 plus, the type of life insurance needed could vary significantly based on your age. If you have debt you may still require a reasonable size life insurance but if aged 65 plus a simple funeral plan to help with your funeral expenses may be all you need. For a fuller explanation as to whether life insurance or funeral insurance is best for you click here.