2018 The Best Senior Life Insurance
Seniors frequently buy small life insurance policies simply to take care of their burial and funeral expenses.
Such policies may be called pre-need, burial or funeral expense policies.
Burial insurance, also known as final expense insurance or funeral insurance, is basic life insurance coverage that is typically used to pay for funeral expenses.
It can also be used for other expenses such as taxes, probate fees, and other final bills that are left behind.
It is whole life insurance, which means that your coverage is permanent for the rest of your life, as long as you continue to pay your premiums.
A burial insurance policy is the best way to pay for your burial costs in advance, so that you don’t leave a financial burden on your loved ones.
Senior Life Insurance No Medical Exam
If you are shopping for senior life insurance and you are worried because you have some health problems, then you should know that there are policies for almost everyone.
If you have some minor health issues like high blood pressure or high cholesterol that is controlled with medication, then you can typically qualify for a standard rate with day one coverage.
If you have some major health problems like heart disease or a history of cancer or stroke, then you may still qualify for a guaranteed issue life insurance policy. The rate on this policy is higher, but it can still provide peace of mind to have some type of coverage in place.
As an inexpensive insurance choice, final expense coverage/senior life insurance can be used to cover the funeral and burial costs of the policy holder. Most people who do not want to place a hardship or burden their families with these burial and funeral costs will take out burial insurance polices.
Final expense insurance/ Senior Life Insurance is the most affordable method to prepay your final/funeral expenses
As Baby Boomers age, many realize they haven’t taken care of life insurance in time to qualify for a larger term or whole life policy – for some, health issues have made that difficult or impossible. With little to no underwriting and no need for a medical exam, final expense insurance is an affordable option for many people.
Most people qualify immediately so it’s an instant win for you.
Final expense policies are whole life insurance policies which offers the guarantees you’ll prefer for a final expense product. Whole life insurance is guaranteed for a lifetime as long as the premium is paid. Since final expense insurance is typically purchased with a lower death benefit than normal life insurance, most people find the monthly premium very affordable and the policy will build cash value over time. Issue ages are from age 40 to 89.
Feel free to use our no cost instant final expense burial insurance quoting tool to compare the companies we represent as much as you like. There is no need to meet with us in person. Everything can be done over the phone and by email.
Go to www.MintcoFinancial.com
Call us at 813-964-7100 or 716-565-1300