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In This Article, I’m Going To Talk About Buying Life Insurance For Final Expenses & How You Want To Make Sure The Plan Fits A Couple Of Things That Is Convenient For You
Today more and more people are hitting retirement than ever before in America. The baby boomer generation is becoming more aged and they’re retiring in droves. In fact, the estimated amount of people hitting 65 is 10,000-12,000 a day– that’s a huge number. And with retirement and leaving a job will come life changes, and part of that is planning for final expenses.
As we hit an age in our fifties, sixties and seventies, the reality of our demise becomes more and more obvious.
We all have to face death, as uncomfortable and as sad and tragic as it is. We have to face it and make sure that we plan responsibly so as to remove any sort of burden from our loved ones.
Part of that responsibility is covering for final expenses. Final expenses include such issues as paying for a burial, most commonly cremation, as well as taking care of final expenses such as medical debt, credit card debt, and sometimes even mortgage debt.
The reality of your position as a senior citizen is that you’re on a fixed income. This means you are making less than you have, really, ever in your life. Yes, it’s consistent income and hopefully you planned well ahead to manage your affairs on that fixed income. But the truth is that every dollar will count, if you haven’t discovered, now more than ever.
Here’s An Overview Of Today’s Topics:
- Burial Life Insurance – MUST be affordable!
- Burial Life Insurance – MUST Meet Your Needs!
- Burial Life Insurance – MUST be the best value!
- Burial Insurance Rates, Age 40 to 90 years old
- Next Steps
It MUST be affordable!
The number one thing is to make sure it’s affordable. Whenever an insurance agent sells a policy, his number one concern should always be, “What budget does this customer have that makes a life insurance plan easily affordable?” Notice I said ‘easily affordable’. The last thing anyone wants to do is to pay too much for that life insurance.
Dropping a plan after a year or two of payment, or even longer, is a real shame. Losing a plan when it’s most needed because it was too expensive is just bad. You want to avoid that if at all possible. I always work with clients to find something that’s easily affordable and that fits their budget.
It MUST Meet Your Needs!
Number two: the plan should fit the need of the customer, not the need of the agent. When a senior citizen buys life insurance, there are usually several reasons, most notably to cover for final expenses like burial, cremation costs, sometimes medical debts, that kind of thing. The reality of final expense is it’s a cost that will never be avoided. We all die and there are always expenses related to our passing.
One concern I suggest senior citizens have when buying life insurance is to buy the plan that fits their need. When we shop for an insurance plan, we have to make sure that plan won’t go away before we do, whether that’s today or 50 years from now.
Agents should recommend whole life insurance in this situation to cover for that final expense. Rarely should agents suggest a temporary plan like a term insurance plan for a senior citizen. The reality is that the kind of person that buys final expense has very little, if any, savings built up to pay for final expenses.
It MUST be the best value!
Lastly, you want to make sure, of course, that the plan is the best value to you. I recommend all senior citizens work with an independent agent.
An independent agent is somebody who works with multiple companies. An agent selling only one company to his customers usually shortchanges many of them, meaning they don’t get the best value or coverage.
When you work with an independent agent, they shop the most competitive companies available, trying not only to get you the best price, but the best value of coverage. This is more important than ever, being a senior citizen shopping for life insurance.
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.
You want to work with the company that is reputable and will give you the best deal. Always work with an independent agent.
They’ll be the best to help you out to get you the kind of coverage you’re looking for. If this is interesting to you and you’d like to learn more about how we can help people with bad credit score with life insurance, visit my website. You can go to buylifeinsuranceforburial.com and grab a free quote.
I do ask that you message me first. You can do that by clicking the contact box; the one at the top or the bottom, and send me a quick message. Or just call me. The best way to reach me is (888) 626 0439, and speak with me live.