Life Insurance for Seniors: less paperwork and no medical examination

When most people think of purchasing life insurance, they think of a long drawn out process that involves a lot of paperwork, medical exams and even more paperwork. What many may not realize is that there are policies that allow you to get life insurance without going through all that work and a medical examination. Many companies are now starting offer senior life insurance. Senior life insurance allows older individuals to discover that they and their families can benefit from the right type of insurance.

While it is ideal to apply for life insurance at a young age, many individuals find themselves needing life insurance as seniors. If you are a senior and you need life insurance, there are senior life insurance plans that are designed just for you.

Many people believe that once they hit 55, there is no way that they will find a life insurer that is willing to approve them. This could not be further from the truth. In actuality, there is an entire market for seniors.

Life insurance policies that cater to seniors are designed for individuals who are between the ages of 50 and 89 years old, depending in which State you live.

Most insurers do not require seniors to qualify for a medical exam when applying for this specialty policy. Another great feature is that insurers offering senior plans will not cancel the policy because you are growing older or you fall ill.

Be weary of some companies and their marketing:

Don’t buy life insurance if the price seems to good to be true. You can not buy affordable life insurance for one dollar. If you see an ad for one dollar buys you $50K of coverage, read the fine print. Globe Life Insurance sells life insurance where the rates increase every five years, they also sell level benefit but make sure you read the fine print. Other companies like Monumental Life Insurance, Fidelity Life Association, Colonial Penn, AARP, NYLAARP, and others sell insurance without an exam and or offer accident only policy or term policies where the rates will increase after the first year or two or five. The key to finding the best deal is to compare multiple companies.

THE BEST WAY TO FIND A LIFE INSURANCE POLICY FOR SENIORS IS THROUGH AN INDEPENDENT FINANCIAL ADVISOR. HE WILL SHOP THE BEST POLICY FOR YOU WITH THE BEST COST AND BENEFIT.

Mintco Financial Team of Independent Financial advisors will help you get the best quote and policy.

Mintco Financial is a leading company in the seniors life insurance and is an independent company meaning they will shop through many carriers and choose the best cost/benefit policy for you.

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

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/