Life Insurance for Seniors over 70

 

 

Life Insurance for seniors over 70

When a family member dies, it’s often family associates members that is accountable for making essential options regarding end of life preparations. With memorial costs, outstanding medical, even burial preparations, the economical and psychological strain can be overwhelming.

Is Life Insurance for Seniors expensive?

This is one of the concerns most frequently mentioned by seniors have about life insurance. First, your age and even your health should never be obstacles to getting the coverage you need. There are many good policies you can get at any age or state of health.

There are many companies willing to provide coverage and policy types that are both readily available and priced to fit nearly everyone’s pocketbook. Some companies even offer senior discounts on all kinds of policies designed for seniors. This is one concern you can remove from your list now – you CAN get life insurance.

Pay attention!

For the purpose of final expenses, senior life insurance should not be term insurance. Two of the most common offerings in final expense are a 5 year term and a 7 year term insurance. AARP offers a 5 year renewable term policythat has no guarantee at all. It projects what the rates will be when they go up in 5 year increments, but it won’t guarantee those rates. And get this, it doesn’t go up in 5 year increments from the date you sign up. It goes up every 5th year starting at age 45 so if you buy a policy at age 69, your first 5 year term increase is at age 70. Don’t buy term for final expense. You need a life time guaranteed level premium and guaranteed death benefit.

Finding a company that will offer you the best coverage at the most affordable price can involve a lot of research.

Mintco Financial is the leading independent company in Life Insurance for Seniors in the U.S.

 

Mintco Financial Team of Independent Advisors have helped many seniors to get affordable life insurance.

 

Advisors at Mintco Financial will shop for you among many insurance companies the best quote for you. 

Call 813-964-7100 or visit the website: http://www.mintcofinancial.com/quotes/final-expense-life-insurance-quote/