The best way to choose a senior life insurance policy is to decide how much coverage you need. You’ll need to consider how large of a death benefit you need and if you want a policy with an accumulated cash value. To figure this out, think about what your loved ones will use the policy funds for. They may need the money for one or more of the following: Final expenses: With the average cost of a funeral being $9,000 or more and because most cremations cost at least $2,000, it’s helpful to have funds that cover your memorial service, funeral, burial or cremation, and other associated costs. Medical bills: Older adults often leave behind medical bills their family members must pay when they...
Continue reading...
Popular PSM Guides Getting Started in Medicare Sales - View How to Sell Medicare Advantage Plans - View 14 Ways to Generate Medicare Leads - View Social Media Tips for Insurance Agents - View & lt ;a href =" https:// www. olark.com/site/2970-253-10-5882/contact" title="Contact us" target="_blank">Questions? Feedback?& lt ;/a> powered by & lt ;a href =" http:// www. olark.com?welcome" title=" Olark live chat software"> Olark live chat software& lt ;/a> Quick Links View our senior product portfolio - View Learn to sell Medicare products online - View Check out current agent incentive trips - View Review our Top Flight Lead Program - View & lt ;a href...
Continue reading...
If you're an older adult, you might think life insurance is beyond your grasp, simply too expensive, or too difficult to qualify for. It turns out, that's not always the case. In fact, there are a variety of life insurance policies that accommodate seniors. This article explains some of the key points you need to know when deciding which policy is right for you. Life insurance policies for seniors When selecting life insurance at any stage in life, it's important to keep in mind the many factors involved, such as age, financial goals and overall health. If the insurance company considers you a higher risk based on health conditions and lifestyle factors, you could be rejected. So you should...
Continue reading...
APPLY NOW Get rates that are LOCKED-IN for life NO MEDICAL EXAM, no blood test Benefit goes to YOUR BENEFICIARY, not a funeral home If you are age 90 or younger, YOU CAN GET COVERAGE! LOCK-IN your rate today! You don’t know what’s going to happen tomorrow, but one thing you know for sure is that your family will probably have a hard time coming up with $10,000 on a day’s notice, if the worst was to happen. “Yes, you can get this coverage for a parent/relative. Nobody is turned away**” You’re here because you care about your family. We’re here to help you provide peace of mind. In a difficult time for your loved ones, you could offer stability...
Continue reading...
We may receive payment from affiliate links included within this content. Our affiliate partners do not influence our editorial opinions or analysis. To learn more, see our Advertiser Disclosure. Choosing life insurance for seniors has considerations that go beyond the cost of a policy. You’ll want to have confidence in the financial strength of your life insurance company, and you should understand how well a company’s policy illustrations–examples of how a policy’s costs and benefits may develop over time—line up with their historical performance. We analyzed the best senior life insurance companies based on their cash value products using data provided by...
Continue reading...
Over 50s Life Insurance At a certain stage in life, the nature of your insurance requirements could begin to change. Your children may have flown the nest and you may no longer need a policy that covers your mortgage. Instead, certain expenses you might not have thought about before – such as funeral costs – suddenly become a dawning reality. Our Over 50s Fixed Life Insurance is for UK residents aged 50 to 80 to provide your family with a fixed cash sum once you’ve passed away. Your loved ones can use this money to help cover funeral expenses, unpaid bills or even use it for a small gift. There’s no requirement for a medical with this policy so regardless of your...
Continue reading...
Senior life insurance 101 It seems that every time you turn on the television there is an advertisement for how senior citizens can get affordable life insurance. But what exactly is, "senior life insurance" and what is it typically used for? As you become older, your needs for life insurance change. Generally, by this time in your life, your children are grown and have families of their own, you're carrying less debt, and either in or getting ready to enjoy your retirement years. The fact is, the type of coverage and the policy amount you need at age 35 can be very different than when you reach milestone ages of 50, 60, 70, and older. Senior life insurance: What is it? "Senior life...
Continue reading...
What is Life Insurance through superannuation? This means paying for Life Insurance with the money that sits in your super fund. You’ll generally get the default level of cover your super fund offers. You can choose this option through your employer or when you set up your super fund. As long as your employer, or you, contributes super to your account regularly, you will have some level of Life Insurance cover. What am I covered for under Life Insurance through superannuation? Life Insurance through a super fund usually includes one or more of three different kinds of cover: Death cover, which pays a lump sum or an income stream benefit amount to your beneficiaries if you die. Total and...
Continue reading...
When you are born, your parents nurture you. From taking care of your health, to your food, your schooling and higher education -- they aren't told what they have to do for their child. Most importantly, they do it alongside securing their own future -- buying insurances, investing in short-term or long-term plans etc. However, there are times when amidst the chaos of life, they might have skipped to keep in check their own life. That is when you as a child should step in and ensure the well being of your parents by buying them a senior citizen health plan. What mainly this plan consists of is a coverage for your parents when they are old. Senior citizens, over the age of 65 years, are...
Continue reading...
Today the European Insurance and Occupational Pensions Authority (EIOPA) published its updated Risk Dashboard based on the first quarter of 2020 Solvency II data. The results show that the risk exposures of the European Union insurance sector remain generally high compared to April as a result of the COVID-19 outbreak. The pandemics continued to cause disruptions in all financial sectors and economic activities. Insurers are particularly exposed to very high levels of macro risk, while market, credit, profitability and solvency risks are at high level. With regard to macro risk, Gross Domestic Product (GDP) growth as well as inflation forecasts have been revised significantly downwards for...
Continue reading...
