Senior Life Insurance

Final Expense Life Insurance Can Prevent Financial Disaster

in Final Expense, Funeral Insurance, Senior Life Insurance

Having final expense life insurance for your family members is important. Have you ever thought of how your life would be without your loved ones?  How would your life change if one of your loved one dies? What would you do if they did not have life insurance? Are you financially prepared to take care of the cost of the funeral and all the other outstanding expenses that are left behind? These are very serious questions that go unanswered for some people because they haven’t thought about the consequences of having to pay these types of expenses from their own pockets.

Even though planning for the loss of a loved one may not be something you want to think about now, you need to prepare yourself for the inevitable to make it easier for you after your loved one is gone. A final expense life  insurance policy provides assurance that you will have money to bury your loved one in the event of a death.

As sad as it is, families often fight about finances, estates, outstanding debt, funeral costs, and hospital bills. All of these issues can be avoided when life insurance is in place. It gives you a secure backup plan so there is no need to wait until it happens before discussing things such as choosing a cemetery plot and paying for the funeral expenses. It can be taken care of long before you have to deal with it.

Prepare for the unexpected

A funeral can easily cost seven thousand dollars or more. When faced with that situation, most families don’t have that kind of money to spend. The cost  increases every year, so if you are the person responsible for paying this expense, you should consider an affordable final expense life insurance policy for your family member.

Do Your Research

Final expense policies are whole life insurance policies that build cash value. The premiums are level for life and, in most cases, they are simplified issue. This means that there is no medical exam required. Issue ages range from 50 to 85 and face amounts are available from as little as $3,000 to $50,000. Give yourself some peace of mind and get a free quote today.

Related Posts:

  • Baby Boomers Burial and Final Expense Insurance
  • Life Insurance for Funeral Expenses
  • How to Find Low Rates for Senior Life Insurance
  • Life Insurance at Age 70
  • Is There A Tax Deduction for Prepaying A Funeral?

    • Life Insurance at Age 70

    in Ages 0 to 85

    So how much does life insurance cost at age 70? Well, there are several factors that play a part in the rate you pay for life insurance. The first is which type of life insurance you choose- whole life or term life. After that, the biggest factor in your life insurance cost is age. The older you are, the more life insurance costs. Other factors to consider are health issues, family health history, smoking status, occupation, hobbies,and your driving history.

    Whole life insurance at age 70

    If you choose a whole life insurance policy, then your premiums will be fixed and level for the rest of your life. There are many carriers that offer simplified issue life insurance policies so there is no medical exam. Burial insurance and final expense life insurance are examples of whole life policies. These are the most common types of coverage for someone at age 70. It is affordable and fairly easy to qualify for.

    Term life insurance at age 70

    If you want a term life insurance policy, then you should know that most carriers will only allow up to a 15 year term policy at 70 years old. That means you will have temporary life insurance coverage that will last until you are 85 years old. If you live past that age, your policy will expire and you will not be able to obtain anymore coverage.

    Here are some example quotes to give you an idea of how much you might pay for life insurance at age 70. These rates are based on a preferred health rating for a non-smoker.

    $25,000 Whole Life Insurance
    Male: $170.11 per month
    Female: $124.36 per month

    $100,000 Term Life Insurance- 15 year term
    Male: $1635 per year
    Female: $972 per year

    Get A Free Quote for Life Insurance At Age 70

    These rates are meant to be examples only. If you are looking for life insurance at age 70 then be sure to compare quotes today to find out how much your rate is. You can also speak with an experienced insurance professional at 1-877-801-4402 and obtain rates over the phone or simply ask questions about the type of coverage that is best for you.

    Baby Boomers Burial and Final Expense Insurance

    in Burial Insurance, Final Expense, Funeral Insurance, Guaranteed Life Insurance, Senior Life Insurance, Simplified Issue Life Insurance

    The costs for burial and final expenses are increasing.  What can you do? Many baby boomers may have to contend with the issue of costs of their burial and of final expenses once they are gone. If you have not gone over your estate and your final expenses yet, that is something you may want to consider. You may find that your current life insurance is not enough to cover all of the expenses that will be incurred.

    Burial expenses nowadays are nothing like they were ten or so years ago- they much more costly. The current cost for a funeral can range between $8,000 and $10,000 and this is for an average funeral. Fortunately, final expense insurance is available at affordable prices to help baby boomers ensure that their family members don’t have to take on a financial burden during a time of grief.

    Plan in advance and protect your family. Final expense life insurance takes care of your burial and final costs of your estate. It is whole life insurance also known as permanent insurance so it won’t expire and the premiums remain level for the rest of your life. You can keep it for the remainder of your days to make sure your family is protected from the burden of your final expenses.

    Take the first step by getting a free quote so that you can make a decision about what insurance is right for you. Get started and protect your family today.

    Life Insurance for Funeral Expenses

    in Burial Insurance, Final Expense, Funeral Insurance, Senior Life Insurance, Simplified Issue Life Insurance

    As we age, there comes a point when we start to consider what will happen when we die. Although you might not want to think about it, planning for funeral and final expenses is a necessary part of your financial plan as you get older because no one wants to leave a burden to their family. A life insurance policy for funeral expenses is an affordable and easy way to set aside funds for your family to pay for your final expenses.

    A simplified issue whole life insurance policy is typically what is used to set aside money for a funeral. These policies are issued for ages 50 to 85 and the face values range from $3,000 to $50,000. The rates are affordable and there is no medical exam necessary. There is an application which consists of a set of yes or no health questions. In most cases, if you can truthfully answer no to the questions, you can be approved. You can even obtain coverage if you have some health issues such as high blood pressure, cholesterol, or even some heart problems. If you have major health problems then you can still obtain coverage with a guaranteed issue life insurance policy.

    Because it is whole life insurance, your premiums are level for life, and your policy will build cash value. Your beneficiary can take the policy to the funeral home at the time of your death and plan the funeral around the amount of coverage that you have. A simplified issue life insurance policy is the easiest way to provide you and your family some peace of mind that your funeral expenses will be covered when the time comes.

    Get a free quote and give you and your family the peace of mind that only comes with proper planning.

    How to Find Low Rates for Senior Life Insurance

    June 19, 2009

    If you are over the age of 50 and you are looking for life insurance coverage, then you should know that there are many carriers that cater specifically to your age group. It used to be more difficult to get an affordable senior life insurance policy, because of age and health issues such as high [...]

    Read the full article →