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 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/

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/