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In Today’s Article I’m Going To Give You More Information On Whole Life Insurance For Seniors & How To Find The Best Policy
NOTE: Would you prefer me to present this information to you in video format? Watch the video below for the complete presentation. Enjoy!
What I’m going to do in the next few minutes is give you a basic run down on what Whole Life Insurance for seniors is and the facts you need to to know to determine which Whole Life Insurance products are best for seniors.
Because if you’re a senior, you’re getting all sorts of junk mail nonstop and you probably see TV adds nonstop for Whole Life Insurance.
Here’s An Overview Of Today’s Topics:
- Whole Life Insurance
- The Fine Print
- How Do You Protect Yourself?
- Burial Insurance Rates, Age 40 to 90
Whole Life Insurance
Whole Life Insurance does two things. It never cancels because of age or health. It also never goes up in price. The price is locked in place.
Sounds great, right? But before you sign on the dotted line, you need to read the fine print.
For example, I mentioned the junk mail and the television ads – if you’ve seen those they probably sound halfway decent. You’ve seen Alex Trebek endorsing Colonial Penn for years. You’ve also seen ads for MetLife, AARP, and Mutual of Omaha – Wild Kingdom, right? These are good companies. The problem is they sell bad senior Whole Life insurance and here’s why.
The Fine Print
All of the companies I’ve mentioned offer a Whole Life program that only offers a two-year waiting period product. That’s right! If you die in those first two years by natural causes, they will not pay the full death claim. They will only refund the money you paid in.
I know numerous people whose parents bought these plans under the impression they had coverage. Then when they suddenly and tragically died within those first two years, the children discovered their parents had no coverage. Instead of $10,000 they only got $500 – not nearly enough to bury them.
Here’s the point I’m driving towards:
If you want whole life insurance for seniors, make sure you get a plan that fully covers you from the first day if at all possible.
This ensures that, even if you die after one payment is paid, your coverage is good.
How Do You Protect Yourself?
This brings me to my next point: that’s exactly what I do as a broker.
I represent multiple companies, which means I shop around to find you the best price and the best coverage out there.
In fact, I’m licensed in a tremendous amount of states. I do business all over America, and my job and my sole focus is finding a product – a Whole Life Insurance product for seniors – that’s going to give you a great price – in many cases the most competitive – and also, if we can make it happen, a full first-day coverage product.
I can’t promise I’ll do it, but in many cases – even people with histories of cancer, heart problems, diabetes, COPD and other issues that I haven’t even mentioned – I can get people great full first-day coverage.
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.
Here’s what you need to do if you have any interest in finding whole life insurance for seniors. Go to my website at buylifeinsuranceforburial.com and fill out the contact form, and we can begin a no-pressure consultation to figure out if what I offer makes sense for you.