Affordable senior life insurance
Getting life insurance is one of the best ways to financially preserve the efforts of your hard work and make those funds available for your family in the future. Later in life, you may look back and say, “I have something to pass on to my kids when I die”. That kind of peace of mind will make you sleep better at night. No worrying about how your funeral will be paid for and where is the money to pay for all your final expenses and bills. Also, if you have a large policy, you will feel even better knowing that you will be leaving a legacy for your family.
How Senior Life Insurance Benefits Are Paid
If you pass away suddenly, your family members could be responsible for some major expenses, especially if as a senior you don’t have life insurance to help shoulder the burden. Your life insurance benefits are paid in the form of a lump sum payment to the beneficiary and are generally non-taxable, so your beneficiaries can use those funds as they choose. The proceeds are not paid to the funeral parlor unless it is listed as the beneficiary.
Life Insurance Protect Your Family
A life insurance policy can protect your family from funeral and death expenses, medical bills, and other outstanding debts such as mortgage payments, credit card bills and personal or business loans. Even if you are a senior up to age 85, you can get life insurance to protect your family. When you are considering buying a policy it is important to compare prices and find the right fit for you. Having your family depend on social security death benefits is not a good idea, as many survivors discover, it takes time to amend the Social Security benefits and begin receiving assistance. In reality, life insurance is simply an excellent way for seniors to protect their families from becoming financially burdened with end of life expenses.
How You Can Get Life Insurance at Senior Care Life
Can you get life insurance if you are age 65, 75 or even 85?
All life insurance companies that sell policies to seniors have qualifying age requirements. The age requirements can vary from company to company. In other words some companies will not sell you a policy if you are older that 75. While other companies will sell you a policy up to age 85. For most life insurance companies marketing to seniors, you can get a policy if you are at retirement age 65. If you are seeking a term policy, you can buy the policy for a specified time period if you meet the age requirements. Both term and permanent life insurance policies are available for seniors if you qualify.
Keep in mind that if you reach the cut-off age for a term policy, there are permanent whole life insurance options available for you. Some companies can provide you with life insurance coverage – qualifying age up to 85. There are varieties of age-limited universal life insurance policies you can purchase that have similar features to a term life insurance policy. It is very important to remember that there are limitations when it comes to buying term life insurance. As after the term guaranteed period has expired, you may no longer have coverage and if an extension is available, you may get it at extremely high premium cost.
How Important Is Life Insurance For Seniors
Life insurance for senior citizens can be very important if you’re planning your estate or family trust. If you have business obligation, you may need funds readily available for the business to continue operation when you are gone. If there is insufficient retirement savings available to your survivors, they may experience the impact from your loss of income. You may have kids in college who are dependent on you. They will need financial protection, that can be made available with a life insurance policy.
One of the most important reason for life insurance is Income Replacement. If you’re retired, your spouse may be financially dependent on your pension income. If you pass away, your pension could cease as well, leaving your spouse in a difficult financial situation. Your life insurance benefits may also be required to pay off any existing debts such as medical or funeral expenses or outstanding loans. If you have children, you may want to leave behind a financial legacy. Life insurance can help to provide that legacy for your dependents.
If you need an affordable life insurance policy with NO Medical Exam, fill out the contact form above for a Quick Quote from a Licensed Senior Life Insurance Professional in Your State. Your policy can cost as little as $1 a day.
Please Note: At Senior Care Life we are Licensed Life Insurance Agents who specialize in affordable senior life insurance. Your agent will know about the best insurance companies that can provide you with affordable coverage that require No Medical Exam to qualify. We do our best in getting you the lowest cost coverage for your condition with a policy. If you have been diagnosed with a life threatening Disease and need affordable life insurance, one of the most important steps you can take toward getting coverage is to work with a life insurance agent who specializes in obtaining life insurance coverage for people with your condition.
We can get you an affordable Level Benefit policy that only require you to answer a few health questions with no medical exam for an even better rate – saving you money. The agent will assist you in obtaining the coverage you need at a rate you can afford. Even If your health condition is deteriorating and you are concerned that you will not qualify life insurance, you can still get life insurance coverage.
Regardless of your Disease treatment you can get coverage with a low cost Whole Life insurance policy. Remember, you can always get affordable coverage with a Guaranteed Acceptance Whole Life Insurance Policy with no health questions or medical exam. Our job is to save you money which will help in reducing your over all monthly expenses as you managing your condition. Our Agents at SeniorCareLife specialize in Knowing the most affordable coverage options with the best life insurance companies for your condition Remember, you will not have any medical exam and for some policies, no medical exam to qualify..
Features of our Affordable Senior Whole Life Insurance Policy:
You Get Affordable Life Insurance Coverage
With No Health Questions
We can also get you a Whole Life Insurance Policy with No Health Questions or Medical Exam even if you have other major illnesses. You may qualify for:
If you have already requested your senior whole life insurance quote, our agents will call you back soon as possible to discuss your condition and give you a free no obligation quote on your whole life insurance policy.