Life Insurance for Seniors over 70: Final Expenses covered

An average funeral costs $10,000-$20,000 in the U.S. today. So that these costs are taken care of and to avoid burdening family and loved ones with these expenses, many seniors choose to secure senior life insurance that covers these costs.

Another way to handle these expenses is to allocate part of an existing policy may have to distribute the funds necessary for these expenses. Other possible options include having a cash value or permanent policy. These kinds of policies can be secured when you retire and be dedicated to this specific purpose.

Many seniors with insufficient assets or life insurance already in place often choose to make sure these costs are covered by applying for a universal or whole life policy. These policies are popular with seniors and there are many insurance companies that offer them at discounted rates for seniors. Many even have provisions that have few or even no medical examination requirements as conditions for approval.

Getting life insurance for seniors over 70, does not need to become very stressful to achieve the proper coverage results. The person should take a moment to make themselves a check list of what they are wanting the policy to take care of.

When it comes to selecting a life insurance for seniors over 70 policy it can at times becoming overwhelming. However, if the person takes their time to perform their own advance research it can help them to make an educated decision on the proper coverage needed.

Need Help? Call 813-964-7100 and Mintco Financial Advisors will answer your questions about a Senior Life Insurance policy.  Also Mintco Financial will shop for you the best rate.

We do insure up to 89 years old depending in which State you live.

If you prefer visit www.MintcoFinancial.com

Life Insurance for Seniors: Why Life Insurance is better than pre paid funeral

With many seniors living longer not necessarily better, all of there savings and assets will probably be eaten up by a long term care or  long term care facility. What does this mean to there children, when it comes time for burial, there is nothing left and this can cause turmoil in families.

Life Insurance is a better option than purchasing a prepaid funeral from a funeral home.

These policies usually fall into the category of “no medical questions asked”, “limited medical questions

asked”, or “no medical required” life insurance.

 

 

Is An Insurance Policy Better Than Prepaying? 

 

If you are dealing with a major insurance company, there is no risk of the money not being there when you die.

 

If you purchase a prepaid plan from a funeral home on installments, and you die before you have paid in full, the only money available to pay your expenses is what you have paid in. It could be a number of years before it is paid

for, so the risk of dying and leaving the expense to others will exist until it is 

fully paid. 

http://www.mintcofinancial.com/quotes/final-expense-life-insurance-quote/

With a proper life insurance policy, you are covered from the time you sign the application or

the time you are approved depending on the policy.

Call Mintco Financial for a free quote at 813-964-7100 or visit our website at http://www.mintcofinancial.com/quotes/final-expense-life-insurance-quote/

We are a team of independent financial advisors that will shop the best rate for you.

Senior Life Insurance over 80

As you leave middle age behind, buying insurance to finance your funeral may seem like a no-brainer - death is inevitable, after all, and somebody will have to pay.

Today, the average funeral costs $6,590, according to the National Funeral Directors Association. That's just for basics and doesn't include costs for the cemetery, grave marker and flowers.

You can't buy an insurance policy that will cover every conceivable cost related to your death. The terms "funeral insurance" and "burial insurance" generally refer to small  life insurance  policies marketed to people who want to leave a little money behind for their families to cover final expenses.

These whole-life policies provide coverage for the rest of your life and have cash value. The cash account builds over time; you can withdraw or borrow against it, although the amount - plus interest - will be subtracted from the death benefit if you don't repay it. Because these policies are small, the cash value is minimal.

Getting life insurance for people over 80 is easier these days. Insurance companies have already accepted that the human life expectancy has increased, and have begun granting coverage for seniors over sixty years of age.

So if you are a senior with an insurance policy, but you think that the proceeds of this insurance will not be enough to cover the needs of your family, securing an additional policy might be helpful.

Or if you are just thinling to get a small policy to cover your final expenses, please contact us. Mintco Financial Team is a firm of independent financial advisors and will shop the best quote for you.

A good majority of seniors are in excellent physical condition, but it's expected that these individuals will have health problems. Insurance companies can offer affordable life plans for seniors over 80 who have medical issues. The rate of the premium would depend on their particular health condition: some providers might require you to undergo a medical evaluation to have a better understanding of your health.

Call us at 813-964-7100 and  we will discuss your health condition beforehand. You will then be able to decide on the coverage that is most suitable for your needs.

Need a quote? Call us at 813-964-7100 or fill the quote form: http://www.mintcofinancial.com/quotes/final-expense-life-insurance-quote/

Burial Insurance for seniors over 80 years old

Do you know someone elderly who has no life insurance benefits planned?

Most of us don't like to think about our own or for any loved one’s funeral, but no matter how much we ignore the inevitable, the truth is that when the time comes someone will be responsible for those expenses. The question is will it be our grieving loved ones like family members or friends who would pay the bill or would you plan ahead and take out funeral insurance to cover those costs so they'll have one less concern to worry about.

One of the best things about funeral insurance plans is that they are affordable and accessible to everyone. Funeral insurance premiums are payable monthly so as you could still pay the premiums even if you are on fixed income or low income, enrolling into a funeral insurance plan does not require a medical exam, so people in high risk categories, such as smokers, or with pre-existing medical conditions can still qualify however if you are healthy with very few health conditions which are under control with medication then we can assure you lowest possible premiums as we as an independent advisors shop around for you and assure you no one can do better than us.

Check our website for more info: www.MintcoFinancial.com

Even without these benefits, the reality is that funeral costs are constantly getting higher and most of our current life insurance, if we have any, simply is not enough to cover medical bills, existing debt, and burial or cremation expenses.

Funeral insurance provides security and shows those we love that we cared enough about them to plan ahead and to save them from the unnecessary stress of paying for our funeral. We offer you personalized and professional assistant with are experienced and caring licensed Life Insurance independent advisors.

Mintco Financial is a nationwide company and leading in Burial Insurance, thats why you will get the best cost for your money.

Call us today at 813-964-7100 and we will give a quote in 24 hours guaranteed!

Or fill the quote form and we will contact you:http://www.mintcofinancial.com/quotes/final-expense-life-insurance-quote/

Life Insurance for Seniors over 70 years old

Life insurance for seniors over 70 is now a possibility for many elderly individuals living in the United States. If you’re old and gray and have not saved much during your younger years, this type of senior insurance coverage is very useful.

Don’t think that this is impossible? It’s very possible and if truth be told, many companies are specializing in the senior life insurance niche nowadays, unlike before when it was next to impossible to find an insurance carrier who would sell you a policy once you’re over the age of 70.

Buying life insurance for seniors over 70 becomes important as your age and health deteriorates and the inevitability of death becomes a grim reality. Most people buy senior life insurance to ensure that their loved ones don’t have to pay money out of their own pockets for your funeral expenses.

Many baby boomers and seniors who are 70 and older can get affordable life insurance coverage. Of course, your health history impacts the bottom line.

If you are in good health, lead an active lifestyle and don’t smoke, you have a better chance of getting affordable life insurance than if not.

What makes the most difference in getting affordable insurance is using an independent agent, who can help you find the right company to get the most best pricing possible.  The independent agent will know which company(s) will underwrite your application most favorably and therefore give you the best rating/pricing.  They should have an in house underwriter to be of assistance in getting you the best rating as well.


Just because you are 70 or older doesn’t mean you can’t get affordable life insurance.  It is especially important to go to the right carrier when you are applying for life insurance and you are 70 or older.

We recommend you to give us a call at 813-964-7100 or visit our website at http://www.mintcofinancial.com/quotes/final-expense-life-insurance-quote/, we are an independent agents who have experience with Baby Boomers and seniors.  We can help you decide what type(s) of life insurance you need as well as help you get the best value for your money.

Mintco Financial Team is an independent financial advisory company. We work for you!

Call us today for a free quote 813-964-7100

We do insure seniors up to 89 years old.

Life Insurance for Seniors with pre-existing health conditions

 


If you have some pre-existing health conditions, and most seniors  do, then you can still get affordable rates for elderly life insurance at this age. Minor health concerns like high blood pressure, high cholesterol, and even type 2 diabetes that is controlled with medication, can usually qualify for standard rates. If you have some more serious health problems such as heart disease, cancer, or a history of stroke, then you could still qualify for a guaranteed issue life insurance policy. This type of policy has graded benefits, which means that the death benefit is not fully payable until after year 2, but it can still provide peace of mind if you've been turned down before.

If you have questions please call us at 813-964-7100 or visit our website atwww.MintcoFinancial.com 

 

Burial Insurance

The cost of a funeral service may operate plenty associated with rands. Amongst the coffin, the particular catering and transport, you should know that your funeral insurance cover is able to supply enough economic assistance to make sure that you as well as your loved ones can get through this emotional time period without an additional worry about expenditures.

An excellent funeral insurance policy will pay for out a lump sum on the particular passing away of the covered by insurance.

Funeral service services invariably is an instant cost that needs to be taken care of rapidly and effectively.

Final expense insurance or Burial Insurance can pay for burial expenses, as well as outstanding debts and estate-related expenses. The beneficiary has discretion in terms using the funds; pre-need insurance, on the other hand, cannot be used for anything besides funeral expenses.

Get your Burial Insurance quote now:http://www.mintcofinancial.com/life-insurance-quote.asp

 

Burial Insurance

Get a free quote:http://www.mintcofinancial.com/life-insurance-quote.asp

Burial insurance is a term or whole life insurance policy that is issued to arrange the satisfactory funds fundamental to pay for ones final funeral expenses, and possibly, depending on the amount of burial insurance purchased contribute some extra funds to provide for any individual debt the deceased person might leave unpaid as well.

We will touch on three uses of burial insurance, and three benefits of burial insurance.

First the most visible reason, the primary reason for buying burial life insurance policy in the first place is to furnish the suitable funds  for a proper burial in the event of a death. Some of these expenses will include; a funeral plot, a coffin, headstone, flowers, medical costs associate with the death, and the funeral home’s fees, among others.

Second is the ability to acquire up to $50,000 in death benefit insurance coverage. Many final expense insurance companies will authorize the insured to buy enough burial insurance to not only cover the total cost of a burial, but they will approve the insured to buy adequate funds to provide for any final bills they may leave behind in the process. Some examples of these debts may include; a mortgage balance, any credit card balances, or maybe there is an outstanding car payment that will need to be paid off.

Finally, another use of a burial life insurance policy would be to provide enough funds to be passed on to a loved one or family member who could put the money to good use. You could start a college education fund for the grand kids for example, or even will some money to your preferred charity or local community. The proceeds of a funeral expense policy can be used in any direction the policy beneficiary sees fit.

Now, three benefits of purchasing a burial insurance policy.


Free quote Burial Insurance: http://www.mintcofinancial.com/life-insurance-quote.asp

First, the survivor benefits of a funeral expense policy are paid out to the beneficiary on a tax free basis. That means that whomever you wish to receive these life insurance proceeds, will not have to pay any income tax on those benefits they are paid.

Second, you can purchase a burial insurance policy even if you had a fatal condition or disease that would not allow you to purchase a preferred life insurance policy. Some examples of this would be a cancer patient, a diabetic, or somebody who suffers from heart disease. This kind of individual would not only be a great candidate for a burial insurance policy, they would be guaranteed to be able to buy a final expense policy.

Finally, there becomes a certain comfort that comes with the knowledge that upon your death, your family and loved ones will not have to struggle financially in the event of your death. Your family will already be struggling emotionally dealing with their loss, arranging the money they will need you your burial, and final expenses will be one less burden they will have to endure in their time of loss.

So, there you are, three great reasons why you need to purchase burial insurance and three great benefits as the result of purchasing burial insurance. Whether you call it burial insurance, burial life insurance,  Final Expense Insurance, or  Funeral Insurance, the use and purpose are all the same, arranging the necessary funding at the time of its greatest need.

Burial Insurance free quote: http://www.mintcofinancial.com/life-insurance-quote.asp


Copyright © 2012 Ralph Thomas - All Rights Reserved. Hyperlinked material remains the property of its respective owners.  

Final Expense Insurance X Pre paid Funeral Plan

Go ahead and plan your funeral, but think twice before paying in advance. You risk losing everything if the funeral home goes out of business. Instead, keep your money in a pay-on-death account at your bank  or even better get a Funeral Life Insurance.

Get a quote:http://www.mintcofinancial.com/life-insurance-quote.asp

Pre paid Funeral Plan: Why not to buy it

Why give these funeral homes your money, years in advance to pay for your funeral? Would you pay for a car today, only to pick it up 10 years from now? Go figure.  

Who is going to pay for the cost of inflation , the family or the funeral home? Let’s say you arer 65 and you live another 20 years, is the funeral home going to take into consideration the rise of goods and services over the next 20 years, or is your family going to have to pay the difference when you pass away? These are questions that need to be answered.

Another problem is bankruptcies. There was a large conglomerate several years ago that bought out a large cemetery/funeral home in a large American city. All of the prepaid funeral plans were to be transferred to the new company. Problems arose when the large corporate conglomerate, went bankrupt. Many people lost all their money for prepaid plans in this scenario.

Even though a local funeral home may be family owned, been in business for many years etc. There is always a time where the owners may consider a sale. You just never know. 

That is why,  the prepaid plan is not the best option for funding a funeral. Some may disagree, but better things can be done with your money instead of giving it to a company years before you need it. Consider, would you ever pay for a car, house, ANYTHING, 10 years or more in advance before you need it? I DON’T THINK SO! 


Here are 3 better options of what you can use your money for instead of a prepaid funeral plan.

1. Invest your money in a money market, CD or some other “safe” account where you can gain some interest.
2. Buy a Final Expense Insurance policy and take the risk and put it on the insurance company
3. Gift the money to family members to pay for college etc, and use the Final expense policy to fund the funeral 
4. Get a free Final Expense Insurance Quote:http://www.mintcofinancial.com/life-insurance-quote.asp

 

Final Expense Life Insurance

 Get a free quote now:http://www.mintcofinancial.com/life-insurance-quote.asp

Ask us about a no medical exam life insurance:http://www.mintcofinancial.com/life-insurance-quote.asp 

After you die you won’t have to worry about your unpaid bills. But somebody will. Let’s face it: Dying is expensive. The average funeral costs $6,500, according to the National Funeral Directors Association, and that doesn’t include cemetery expenses and other items that can push the bill above $10,000. In addition, the average American owes nearly $9,846 in credit card and other debt, according to the Federal Reserve. And that doesn’t include what’s due on your home mortgage. Throw in probate costs,taxes and other legal and estate matters, and it all adds up to a financial burden that could take years to pay off. Final expense life insurance can relieve your family of that concern, allowing them to mourn and to tie up loose ends without worrying about where the money will come from.

Get a free quote: http://www.mintcofinancial.com/life-insurance-quote.asp

Ask us about a no medical exam life insurance:http://www.mintcofinancial.com/life-insurance-quote.asp 

Understanding the Basics

Final expense insurance is a life insurance policy written for a specific purpose: To cover your funeral costs and other short-term debts you leave behind. Most policies are available in face amounts typically ranging from several thousands of dollars up to a maximum of $50,000 or $75,000 – much less than a standard life insurance policy. That’s because these policies are only intended to cover final expenses and not longerrange expenses like ongoing living costs or college or retirement funding.
 
If you’re trying to determine whether final expense insurance is right for you, here are some key features and considerations to keep in mind:

• Permanent Coverage: With very few exceptions, final expense insurance is whole life insurance, a form of permanent life insurance. Unlike term insurance, which only pays a death benefit if you die during the “term” of the policy, usually 10 or 20 years, a whole life policy remains in effect as long as you continue to pay your premiums.

What You Need to Know About

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Final Expense Life Insurance

This information provided as a service of the Life and Health Insurance Foundation for Education.


• Level Premiums and Benefits: With whole life insurance, the premiums and the death benefit are guaranteed to remain the same for as long as you keep the policy in effect.
 
• Cash Values: A whole life policy also comes with guaranteed cash values that grow over time on a tax-deferred basis. If necessary, you can access your cash account for a variety of
purposes – if you’re in a tight financial spot, for example, or if you need the money for an important purchase or to supplement your retirement income. This is known as a policy loan. You ultimately must repay any loan with interest or your beneficiaries will receive a reduced death benefit.

• Simple Application Process: The process of applying for a final expense policy is very streamlined. Premiums are mostly dependent on your age at the time of purchase. Typically, there is no medical exam or long questionnaire. Usually you’re just required to answer some medical questions. This is called Simplified Underwriting, and it’s a nice option to have if you’re a little older or not in great health. If you're concerned that you may be uninsurable, you should consider a “Guaranteed Issue” policy. With this type of policy, if you can answer “no” to a few simple health questions, you will be issued the policy.
Of course, the downside to simplified underwriting is that the cost is usually higher than what you would pay for a fully underwritten life insurance policy where the questions are more extensive and a medical exam is generally required.

• Two Types of Policies: There are two types of Final Expense policies. Immediate Full Benefit
Policies are generally offered to people who have no serious immediate health concerns.
The full value of these policies becomes available as a death benefit as soon as the policy is issued. Graded Benefit Policies are available for people who have health issues. These policies typically provide limited
benefits during the first two or three years.
If you were to die during that period, your beneficiaries would receive a percentage of the death benefit. If you live beyond that initial provisional period, the policy would pay the full death benefit.
• Flexible Payment Options: Most companies give you the option of a single premium (an
up-front, lump-sum payment) or multi-year payment plans (typically paying over 3, 5, 7 or 10 years).

Free quote: http://www.mintcofinancial.com/life-insurance-quote.asp

Determining Your Needs

Because final expense insurance is for a specific set of needs, the amount of coverage that’s right for you depends on your own circumstances. You’ll need to think about what kind of funeral you want as well as estimate how much money will be needed to cover other final expenses such as probate, taxes, mortgage balances, car loans and other outstanding debts. The best way to do this is with the help of a qualified insurance professional who can walk you through a comprehensive needs analysis and help you choose the right amount and type of insurance.
 
Having final expense insurance helps ensure that your death won’t result in financial hardship for those
you love.

Free quote: http://www.mintcofinancial.com/life-insurance-quote.asp

Ask us about a no medical exam life insurance: http://www.mintcofinancial.com/life-insurance-quote.asp

Funeral Insurance - Final Expenses Insurance- Life Insurance for Seniors

 

Funeral Planning With Life Insurance

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I know that it sounds odd to use the word funeral and life in the same phrase, as in funeral life insurance! This product is meant to cover the expense of funerals and burials, which can cost thousands of dollars these days.  It is, actually, a smaller whole life policy that has been designed for this reason, and also designed as an affordable way to plan for funerals and other end-of-life expenses.

The face values vary, but are usually from a few thousand dollars to a few tens of thousands of dollars. It is hard to get exact figures for the average costs of funerals today, but estimates run from $8,000 – $10,000. Besides, other expenses tend to crop up when a loved one passes away. People take time off of work, they may have to travel, guests have to be fed. So it is always better, as in all things, to have more money than you need than less money than you need.


Sometimes you may also see this product called some other names like burial policies, final expense insurance, or senior life insurance. These different titles all, pretty much, refer to the same product. 

Advantages of Funeral Life Insurance

• The death benefit is cash for the beneficiary to use as they see fit.
• Many funeral homes will accept an assignment of the death benefit to pay for funeral expenses.
• The family is not locked into one funeral home or company.
• With pre-paid funeral plans, you may actually be paying interest on a loan, so even though you have small monthly payments to make, you may pay more in the long run.
•  
• Sometimes a person will purchase a policy for themselves. An average purchase is probably middle aged and thinking about retirement or estate planning. Sometimes the family will purchase the plan for a loved one. They do this to make sure they can take care of their family member when the time comes.
  
  

  Find Affordable Senior Life Insurance Policies

  Rates will vary by age, general health, and where you live.  Of course, rates will also vary by insurer, and so will the types of plans you can buy!  
•  
• If you have questions or need to understand better Senior Life Insurance please contact us at:
• 
  mintcofinancial.com/life-insurance-quote.asp
•  
• Or call us at 1-888-Mintco-8
• Or email us at anecamara@mintcofinancial.com