It is important to have life insurance, even if you are retired! Many senior citizens do not realize the many benefits of having life coverage. If you can afford a policy, you have all the reasons to make such an investment. Nowadays many senior citizens can get insurance, and some States they can get with the age up to 89 years old, depending in how healthy they are.
Life Insurance for Elderly is more expensive than insurance policies offered to younger individuals, because basically, seniors are risky to ensure. While this seems unfair, life expectancy has always been used to determine life insurance policy rates. Senior life insurance or final expense policies come in two types that do not require a medical exam. For a face value that usually ranges from $2,500 to $25,000, many senior life companies will offer simple issue and guaranteed issue policies. Because the face value is lower, and so the risk to insurance companies is lower, you can find some more relaxed requirements to gain affordable coverage for life insurance. Seniors can leave this money to a beneficiary, usually their spouse or children, to cover burial expenses, settle final debts, and leave some money as an estate. If you are in the market for life insurance, it is very advisable to speak with an experienced professional so you are aware of your options.
Many people unnecessarily default to guaranteed life insurance coverage because they fear a preexisting medical condition may forfeit them from more traditional forms of coverage. If you are of reasonably good health, and your illness is controlled by medication, there is a good chance you are eligible to receive better premiums and better coverage.
Mintco Financial Team of Independent Advisors can help you find the most affordable Life Insurance for elderly. Mintco Financial is the leading company in Life Insurance for Elderly.
Mintco Financial is not a quote website. “We offer personal service and we shop the best rate through many carriers as we are independent and fiduciary advisors”, says the managing partner and author of the book I-Plan Michael Minter.
Do not delay, call now at 813-964-7100 or GET A FREE QUOTE NOW!