Lets face it, as we get older, the thought of taking out life insurance seems to diminish from our thoughts. The mortgage is paid off, the kids have grown up and there is no outstanding debt. But what about the grandkids? Could you use senior life insurance to provide for their education? Of course you can and indeed many people these days are considering this as their legacy. Using Senior Life insurance to pay for grandkids education, is an excellent way of providing for their futures.
Setting up a senior life insurance policy that pays out a sum of money and then specifying that this policy is to benefit your grandkids education is an excellent method of providing a lasting legacy. Your children may have already completed their education and be working and providing for their families. But leaving something for the grandkids to help them make their way in life ensures they have something permanent to remember you by, an education!
It is not as expensive as you may think. Check out the rates from insurers in your vicinity based on your zip code. You maybe surprised at the level of cover you can obtain.
If your health is not as good as it once was, don’t worry, some of these insurers will provide life cover without a medical.
Of course, if you are still in peak physical health, you will benefit from excellent rates. Even if you are a smoker, you can still obtain insurance at competitive rates!
Providing a gift to a family member through the life insurance policy, is an excellent way to ensure your legacy continues and will provide a constant reminder to the beneficiary that you were thinking of them. Of course the benefits can be used to pay for the funeral expenses or any other outstanding debts you may have. The choices and options are endless, just ensure you express your wishes and let them be carried out.
There are numerous reasons to buy life insurance, but here with have listed five good reasons to buy senior life insurance.
1) Funeral Expenses
Did you know that the average cost of a funeral in America is now between $7,000 – $10,000. Thats right, it is expensive. Of course it can cost a lot more than that depending on the numbers who attend, will there be a wake? type of casket etc. It makes sense to ensure you have the cost of the funeral expenses set aside. Families do not want to have the worry of paying for the funeral on top of coping with the grief of losing a loved one.
2) Pay off Debt
Its a sad fact of life, that even when you die, credit card companies and any other outstanding bill you may have still has to be paid. Companies sadly do not write off these debts and will expect them to be paid. It is possible that you may have credit card insurance, depending on the card and this is worth checking. Having senior life insurance can provide a way of covering these depts.
It is not as expensive as you may first think. By using term life insurance, where you only take the policy for a set period of time (the term), the risk for the insurance company is lower, hence the lower premium. Take the challenge and see for your self.
4) Guaranteed Acceptance
Some companies will provide guaranteed acceptance and hence remove the risk for nay medical exam. However, this will increase the cost of the cover and there will be a limit on the amount of cover you can take out.
Many people wish to bequeath something to their children/grandchildren. Was better way than providing a fund to pay for their education. It provides for both a gift and a better future for them.
It is not easy to think about what happens after you have gone and whether you should take out life cover. Hopefully these ideas will help you determine the best way for forward.
Have you ever checked the amount of Life Insurance you can obtain, for the price of a cup of coffee a day? It may surprise you to learn how much you can. Take our challenge and see. Today the average cost of a funeral in America is between $6,000 – $10,000. Check to see how much senior life insurance for the price of a coffee a day!
Simply obtain a senior life insurance quote based on your zip code. Make sure you obtain up-to 10 quotes to compare prices and save up to 60% on the cost of senior life insurance.
Firstly decide which quote provides the best cover, within your budget – it is important to keep the costs to an affordable level. Then complete the simple online application form, ensuring you answer the questions honestly.
Taking out life insurance shouldn’t be a challenge and nowadays life insurance companies are all looking for your business and constantly change their rates to keep competitive. Even if you currently have life cover, there is no reason why you shouldn’t look around for different providers to ensure you are still paying a competitive price.
It is not uncommon for people to find that they can obtain the same level of cover, even though they are now older then when they initially took the life insurance out. New insurers coming to market and insurance companies fighting to be competitive drive the costs down, meaning cheaper and more cost effective cover may be available.
People check their house and auto insurance policies at renewal, but tend to forget that life insurance can also be looked at. Ensure if you do change that you are getting a like for like policy.
We all drink coffee, some more than others. But if you could stop that daily drink of coffee (make it at home…) and provide insurance to cover your funeral expenses, is that something to consider?
For many people thinking of retiring or having retired, the thought of life insurance is furthest from their mind. For those that do think about it, the thought of a medical is enough to put them off. Well worry no more, you can get life insurance for seniors with no medical exam.
No Medical Exam
Thats right, no exam. Insurers accept that many people do not want to have medical exams and do not like going to the doctors. To counter act the risk, they simply limit the amount of coverage and you pay a premium for the privilege.
If you are healthy and are happy to take a medical exam, then lower rates will of course be provided for you.
Obtain up to 10 quotes based on your zip code. Click the image below and see how much you can save!
The quotes are provided free and there are no telephone call backs.
Moving into retirement or handling retirement is not always easy. There are many things to consider. As part of this process ensure that you have all your financial dealings straightened out and have made a will. Part of this is ensuring that your final expenses are covered, and there are no surprise bills for your loved ones. The easiest way to handle this is through a life insurance policy. Once you take one out, make sure someone knows the details and where it is kept. This makes making a claim very easy in the event that something happens.
Sadly the cost of passing away has to be paid by someone, by taking out life insurance now. You can provide funds to cover the final expenses and leave some to your loved ones to ease any financial problems that they may experience.
It is not an easy subject to talk about. But by providing the funds you will help those you love deal with the difficult time and ensure they are not burdened with unwanted debt in their time of grief.
In the past, retirement meant living a comfortable life. Playing golf, catching up with friends over lunch, or simply soaking up the sun. Sadly this isn’t the case for large numbers of americans living today. Either they are too broke to be able to retire properly or they have the burden of debt hanging around there neck. As times have been hard, many have borrowed to help their children, or have seen hard worked businesses fail. It is possible to take out senior life insurance to cover any debt, with no medical exams in some cases.
What you may not be aware of, is that this debt doesn’t go away in the event of death. It passes to your family. This means that any funds you may have saved up to provide in the event of your passing, go in paying off any outstanding loans. Thus leaving loved ones with little or no inheritance and they may still be burdened with any outstanding depts.
Currently it is estimated that only 60% of Americans have life insurance. People forget that life insurance can be taken out by Seniors and many people sleep a little easier knowing that they are protected in the case of death. Using term cover, life insurance can be arranged to cover those outstanding debts for the period of time until the debt is repaid.
There are many companies providing cover. It is possible to save significant amounts on the premiums by obtaining different quotes from different providers.
Save up to 60% by comparing quotes based on your zip code
When taking out life cover, arrange to pay the premiums annually if you can afford to, as this will save you additional money. The life insurance companies have less overheads and hence can reduce the premium to compensate you for paying all the premium up front.
Do not let your families and loved ones suffer financially in the event of your passing. By taking out term life insurance, you can provide protection for them and sleep a little easier in the knowledge of doing so.
Lets face it, the older we get, the higher the risk of death. That is a fact of life and something that sadly we cannot change. But the real question we need to answer is how will our loved ones cope when we have passed away? Don’t let your loved ones down, provide for them.
Sure there will be grief, suffering and sadness. But will there also be worry and stress? How will the bills be paid? How will the funeral expenses be covered? For many families this is a fact of life after there loved ones pass away.
In many cases families have had to borrow money to simply pay for the funeral and then have to cope with losing their loved ones. Its hard to understand, but that it is happening every day.
What people don’t understand is that life insurance can be very inexpensive, even if you are getting on in years. Simple straightforward term life insurance provides a lump sum on death and is in place for a limited period of time, hence the name term life. This cost effective solution can pay for the funeral and provide funds to pay off debts or send grand kids to University.
By checking on line, it is possible to compare quotes from up to 10 different companies based on where you live. Take the challenge and see what the cost would be using the link below.
Don’t Let them down
It is a reality that we are going to pass away at some point. No matter what your age is, it is important to consider your loved ones. Do you want them to have any financial worries after you pass away? Of course not. Take the first step and obtain some quotes for life insurance. Let them know you care and want to insure there are no financial concerns in the future.
Taking care of your loved ones is the most important goal. This article will offer you some basic advice on senior life insurance policies.
The money from your insurance is going to be needed to cover debts, including your mortgage, loans, and your children’s educational expenses.
Take the time to shop about and compare your different options before you purchase.Premiums can vary around 50% from the different providers, get quotes and compare policies with online comparison sites.You also want to take into account your previous medical history. If you are a smoker, you may have many different rate variations from one company of insurance to the next company, and do what you can to find the best deal by consulting with several agents. Use the link below to obtain quotes from up to 10 different companies based on your zip code.
Your premiums will go up if you routinely do things that are dangerous. If the premium is too high for you, consider giving up risky hobbies such as bungee jumping, scuba diving or skydiving. Traveling to risky places can also affect your rate.
Decide on how you are going to find and purchase of a life insurance policy. You may be able to purchase one through your employer or as an independent client. You can also seek advice from a financial planner who works on a fee-only basis, purchase a policy through a financial planner who works by commission only, or through an insurance agent.
It is in your best interest to pay their insurance premiums once yearly rather than monthly.Paying the premium once per year can save you a fair amount of money in fees.
Do your own research and talk to a professional before you choose any life insurance.A professional will guide you towards the kind of coverage you need, and what kind of policy would be best for you.
As you have now learned, life insurance is very important to provide for your family if something bad should ever happen to you. Apply these tips to select the best policy for your situation and enjoy your peace of mind.