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I Want To Give You The Resources To Determine The Best Insurance For Somebody In Their Senior Years
Chances are you’re here today because you’re looking for more information on how to find the best life insurance for the elderly. When we say senior years, we mean somebody who’s typically 60 and older.
NOTE: Get the facts on discovering the best life insurance for the elderly in my new video below.
Here’s An Overview Of Today’s Topics:
- What Is Final Expense Insurance?
- What Is Term Insurance?
- What Is Whole Life Final Expense?
- Burial Insurance Rates, Age 40 to 90
What Is Final Expense Insurance?
The first thing that I always ask my clients is, “What do you want your policy to do for you?” Most people –I’d say 90% of them– want to pay for final
expenses. What are final expenses?
Final expenses consist of burial costs, cremation costs, any kind of final expenses that they don’t necessarily want or can’t pay out of savings. A final expense policy can do that so that children and beneficiaries don’t have to.
What kind of policy is best for a senior who’s looking for life insurance?
It depends on what you want. Most people –because they want to guarantee something will be there no matter when they pass away– are looking for polices that have guarantees on price, guarantees on coverage, and that will hopefully cover them from the first day. By that very definition, most people DO NOT want term insurance.
What Is Term Insurance?
Term insurance is short for terminating insurance or temporary insurance. It’s very good – some of the most affordable coverage to buy – but the problem with term insurance is that it ends at a certain point.
For example, if you need to ensure the mortgage gets paid if you die unexpectedly, term insurance makes perfect sense. But if you’re looking to cover a cremation, a burial, or any other final expenses, why would you want a policy that is temporary in nature?
Term Life Insurance Rates, Age 25 to 75*
Term Life Insurance Coverage – 10 Year Term – $100,000 in Coverage
Term Life Insurance Coverage – 10 year Term – $250,000 in Coverage
Term Life Insurance Coverage – 10 year Term – $500,000 in Coverage
Term Life Insurance Coverage – 10 year Term – $1,000,000 in Coverage
*Insurance premiums are subject to underwriting, based on rates as of 8/20/2018, from state-regulated life insurance companies offering final expense burial whole life insurance protection. Understand that in order to potentially qualify, you must submit an application to see if you’re eligible. Rates are subject to change. Give Buy Life Insurance For Burial a call at 888-626-0439 now to see what program you may qualify for.
What Is Whole Life Final Expense?
That’s why I recommend what’s called a whole life final expense plan as the best life insurance for elderly. They range from as small as a couple thousand dollars all the way up to a $100,000. It just depends on the need of the client.
The rates of the policies never increase –usually they’re locked in for life. Otherwise, you pay on the policy for a certain number of years. Then you stop paying and you own the insurance like you own your car after you pay off your car loan.
Also, the coverage never cancels because of age or health. The great thing is that we can usually find insurance that will cover my clients with first-day 100% coverage even if they have a history of health problems. I can’t guarantee it, of course. But because I shop around for the best carriers, I can usually find the best deals for my clients.
Burial Insurance Rates, Age 40 to 90*
Rates For $5,000 In Burial Insurance
Rates For $10,000 In Burial Insurance
Rates For $15,000 In Burial Insurance
Rates For $20,000 In Burial Insurance
Rates For $25,000 In Burial Insurance
*Burial insurance premiums are subject to underwriting, based on rates as of 8/20/2018, from state-regulated life insurance companies offering final expense burial whole life insurance protection. Understand that in order to potentially qualify, you must submit an application to see if you’re eligible. Rates are subject to change. Give Buy Life Insurance For Burial a call at 888-626-0439 now to see what program you may qualify for.
To sum up, to get first-day coverage regardless of your health, you should find a whole life final expense plan. If you fill out the form at buylifeinsuranceforburial.com , I will be happy to give you a no-obligation quote on a final expense whole life insurance policy.
If you decide it’s not for you, that’s fine. However, if you want to look into it further, I’d be happy to see what I can offer.