you are elderly and looking for life insurance then you can feel secure knowing that there are still options available to you.
are different types of plans that will cover you to age 95, as well as plans that cover you for the duration of
your life. The type of life insurance you qualify for will depend on your age, your health, and your overall
seniors start shopping for a policy without considering the right company because not every carrier is the
same. This is what you don’t want to do.
life insurance gets more costly as you age, it is important to be strategic when shopping for a policy in your
golden years. This is where this website will come in very handy.
You can compare rates from dozens and dozens of companies all in one place.
this will save you time and money. Understand that some carriers are more friendly towards seniors and the
elderly because they have a history of working with that age group and there is an understanding of the needs of
that age group. Older men and women have different reasons for obtaining life insurance and because of those
different needs you should really consider how important it is to work with a company that understands those
more about your options for protection below or compare rates for elderly life insurance now.
Protection for Burial and Final Expenses
many cases, seniors are simply looking for enough coverage to protect their family from the financial burden
that comes with funeral expenses - A simple and affordable policy. Burial
insurance coverage is the best way to cover those types of costs.
burial life insurance policy is a permanent whole life insurance policy
specifically designed to cover the costs of your funeral, as well as other expenses that often surround the
death of a loved one – even expenses we don’t typically think about such as final bills, debts, medical bills,
taxes, and probate fees and court costs.
type of policy is issued very simply, which is why it is referred to as simplified issue. All this means is that
there is no medical exam necessary to qualify. You just answer a health questionnaire that is typically
comprised of yes or no health questions. An insurance company will want to understand your unique health history
in order to give you the appropriate policy. Some companies may also want to do a phone interview in order to
determine your eligibility.
expense overage, also known as burial life insurance, is available for seniors age 50 to 85 and the death
benefit ranges from $2,500 to $50,000. Your premium remain level for life and your policy accumulates cash value
over time. Read more...
Acceptance for Those With Health Issues
many seniors are in great health, the chances are likely that you have developed some health issues as you've
gotten older. This is another factor that affects policy rates for senior citizens. Because insurance policies
are based off of your life expectancy, any type of adverse health
condition will be considered when calculating the rate that you pay.
have different categories based on the health of the applicant. Someone who is in excellent or perfect health
would be grouped in a category like “premium plus.” Someone who has controlled high blood pressure and nothing
else may be grouped in the category “standard” and those who have additional health concerns could be placed in
a group with substandard rates.
thing to consider is that there are many, many insurance carriers out there and all have varying criteria. This
is a very important thing to understand if you are elderly and you need life insurance or if you have an elderly
family member who you are trying to assist. Figure out which company has
the most favorable rates for your particular situation and you will end up paying less. It’s that
seniors have some type of high blood pressure or high cholesterol. Many have controlled diabetes or even a
history of heart attack, stroke or cancer. Even with these conditions and other more serious health issues, you
can still qualify for a guaranteed acceptance policy. This type of coverage has graded benefits, which means
that the death benefit will not be paid out in full if you die within the first 2 years. Read more...
Life Insurance for Temporary or Short-Term Coverage
option that seniors and the elderly can consider is term life insurance. A term policy can be used to cover
burial expenses as well as mortgage debt and other obligations. It is important to understand and keep in mind
that term life insurance is temporary coverage, hence the name term. This means that the policy will only last
for a fixed number of years.
is a very simple form of coverage but you want to make sure that it is the right policy for your
If you are looking for an affordable way to cover your debts or replace income, then term may be a suitable
you want a life insurance policy that will cover you for the rest of your life, then a term policy would not be
your best bet and that’s because it will expire at a certain age so you could actually outlive your policy.
Imagine being 85 years old and your term policy ends and then you are unable to qualify for insurance with any
other company because of your age and your health.
are many insurance carriers in the market and each has differing policies for seniors. The premium that you pay
as well as the term you are able to qualify for will depend on the
company, your age at the time of application, as well as your overall health. There are term life insurance
plans for that will cover you to age 95 and others that only provide coverage until age 85.
is another reason why it is so essential to shop around and compare rates from several different companies. Once
you purchase a term policy, whether it is a ten year term, 20 year term, or 30 year term, you are going to be
paying a rate for that many years so you want to get the most affordable
policy that you can.
now and compare rates or Read
Goal Is to Help You Find the Best Policy for Your Needs
have been working with senior citizens and the elderly for many years and my goal is to assist you in making an
informed decision when shopping for insurance coverage.
all want the best for our loved ones, while at the same time we want to be able to afford that coverage.
This is how this website is able to help. You can compare rates from
multiple carriers all in one place and educate yourself about what affects the rates on a life
insurance policy for a senior.
I want to assist you in getting approved for the most affordable rate for
your situation. I think it is important to get multiple quotes so you can compare your options. That is the
beauty of the internet.
can spend hours picking up the phone and calling company after company.
you can spend just as much time going to each insurance company’s individual website.
you can compare rates that are tailored for seniors and the elderly all in one place!
is the why I have partnered with companies that specialize in policies for those who are over age 50. So you can
compare policies that are specific to your age group and work with companies that understand the needs, the
goals, and the uniqueness of the senior market.
first step is to shop around and compare several
rates from companies that specialize in coverage for those age 50 to 85.