Choosing a life insurance plan shouldn’t feel overwhelming for your parent. Letting your parent know that sometimes so much choice can be a good thing will help them embrace the decision they’re making for their life.

As our parents get older they deserve life cover that allows them to be adventurous with the time they have left safe in the knowledge that, should anything happen to them, those left behind will have enough to cover future costs.

The cost of Life Insurance

Life insurance prices depend on a number of factors including your parent’s:

  1. Age
  2. Health
  3. Habits (smoking, drinking etc)
  4. Type of insurance plan
  5. Choice of insurer
  6. Level of cover

How does age affect life insurance prices?

There is a general rule that applies to life insurance prices in relation to age and that is that the older you get the more expensive your premium will be. The reason for this is fairly straightforward – that the older you are the shorter your life expectancy and therefore the likelihood is higher that you will pass away whilst on the plan.

However, age is not the only thing that your insurer will take into account. They will also consider things such as your general health and lifestyle so it is important to focus on these things especially if you are older and looking for an affordable policy.

There are a lot of insurers who will cover somebody over the age of 50 and up to 90 years old and some of them will even do this without requiring a medical first.

For seniors, life insurance can be an invaluable source of money, earmarked to leave as a gift, often helping reduce the impact of inheritance tax, to pay off outstanding debts, or help cover funeral costs.

Choosing insurance for your parent needn’t be difficult; you just need to follow the 3 golden rules:

    • Always shop around and compare plans and prices, regardless of whether you are buying for the first time or renewing an insurance policy
    • Never assume an existing provider will offer the best deal. You don’t seem to get much for customer loyalty these days!

Call us today and get your policy delivered to you within a matter of days:

813-964-7100

Or apply online:

Apply NOW

 

Call us today and get your policy delivered to you within a matter of days:

813-964-7100

Or apply online:

Apply NOW