Affordable Life
Insurance
for Seniors
When it comes to life insurance, and who has the cheapest life insurance for seniors, there are a lot of companies that fit the mark. However, not every insurance company may suit the needs of every senior.
Senior Life
Insurance No
Waiting Period
What does
Waiting Period
mean?
Most people don’t realize that there is a waiting period that comes along with some life insurance plans.
If you were to pass away during the waiting period, your beneficiary wouldn’t receive the full payout from the policy.
Instead, they will only receive the premiums that have been paid into the policy. The waiting period means that the insurance companies withhold full coverage for health reasons for a period of two years. The premiums paid during that period will be considered only for partial benefits.