Seniors Life Insurance

I know this is not related to radios, but recently my grandfather passed away, and being the person that got me started with radios, I owe him this. When he passed he left my grandmother in a financial bind because she did not have readily available money for the funeral and final expenses.

Finding affordable life insurance over the age of 60 can seem tough, but coverage is still possible with the right approach. While rates are higher than for younger applicants, there are ways for seniors to get the coverage they need. Working with an independent insurance agent that has experience with senior policies is key. These agents have relationships with carriers specializing in older applicants and can shop multiple companies to find the best rates.

They will also know specific strategies that can help reduce costs, like getting coverage for a shorter term rather than a whole life policy. Opting for a simplified issue or guaranteed issue policy is often the way to go for seniors versus a medically underwritten policy. These have fewer health questions and do not require a physical exam, making approval much easier. While the premiums are higher, they provide an accessible way to gain needed coverage.

Looking at group policies through alumni or professional associations is another option for affordable rates. convertible term life insurance from an employer plan can also provide lower pricing. Though shopping for senior life insurance takes greater effort, an expert agent makes the process easier and more successful. With the right guidance, finding suitable coverage is within reach.

If they have thought of life insurance a few years back, she would not have been in this pickle right now.

Most elderly people do not realize that they still can get life insurance coverage if they are in good health and never had any major medical issues. So, if you are over 60 years of age, do not wait any longer and see if you can get a policy today.

References:
Schuermaninsurance.com
Suretycopac.com