It’s no secret that it becomes harder and more expensive to get life insurance as you get older. Life insurance companies prefer to cater to younger people who have a good chance of outliving their term life policies or paying into whole life policies for several decades. But this isn’t to say you have no options if you would like to use an insurance policy to take care of your final expenses while you are still alive, or leave a payout of some amount to your heirs when you pass away. Continue reading “Life Insurance For Elderly People”
As people now live longer than ever before, it is not surprising that insurance companies have changed the products that they offer policyholders. It used to be that if you were over 50 life insurance was going to be an expensive proposition, and the choices that you would have in terms of the policies available to you would be pretty limited. The problem was that to give relatively low-premium term insurance with no cash value to people who were fairly likely to die within the term of the policy was not very Continue reading “Over 50 Life Insurance Tips”
Times are changing in the insurance industry. People live longer, and stay in better health on average, than they used to. Naturally insurance companies recognize this and have adjusted their life insurance offerings accordingly. Maybe you find yourself without coverage after paying into a term life policy for 20-30 years, or maybe you just never thought too much about insurance when you were younger. The good news is that because of Continue reading “Over 50s Life Insurance Guide”
Senior citizens or those who have retired from their jobs due to age are provided with options when it comes to insurance plans for their dental requirements. There are several dental insurance plan options available for them.
One large association that carries this insurance for senior citizens is known as American Association of Retired Persons. This association helps seniors who belong to the group obtain discounts for every travel destination and discounts on health insurance. Continue reading “Dental Insurance Plans to Help Senior Citizens”
The final expenses that a person is required to pay at their passing can seem somewhat ridiculous. Not only does the taxman want a share of your money when you pass, but there are a number of other people scrambling to get their share before you are completely cold. Now while final expenses are somewhat difficult for the family to swallow, they are often justifiable. It is not unreasonable for there to be costs associated with the death of a family member. Not only does it cost money to arrange the funeral, but it also costs money to bury a person. Sometimes a person’s general insurance contracts are not going to be sufficient or timely enough to help pay for the additional costs at their passing.
To help cover the cost of final expenses, an insurance product called burial life insurance was created. This is a specialty life insurance policy that’s sole intention is to help cover the funeral and burial expenses at death. While it can be offered directly from an insurance agent, it is often purchased through the funeral home in which you plan to make arrangements with.
Upon passing, the burial insurance policy is redeemable and often paid directly to the funeral home. This allows the funeral director to make all of the arrangements, and assists the family by keeping them out of the financial stresses of the funeral. The family has enough on their mind and must deal with their emotional stress without the burden of financial stress as well. The insurance policy covers the cost of the casket, funeral services, funeral director fees, burial plot, burial costs, and other final expenses associated with the passing of your loved one. At the time of the policy, you will be able to discuss the details of the coverage, and make sure that you sufficiently understand what is included in the policy.