Life Insurance Buying Tips

Burial Insurance for Seniors

Filed under: senior life insurance — Alston @ 11:33 pm February 20, 2012

Whether you have parents who are seniors or are a senior yourself, you have probably thought about life insurance for the elderly. If this is the case, you have several things to consider:

  • Do you already have enough life insurance?
  • Do you have other liquid assets that can be used for your final expenses?
  • Will your family have other financial needs after your funeral is paid for?

Perhaps when your current insurance pays, the check from the company will enough to cover all the costs of your funeral service plus your burial or cremation. If you have a policy or have policies that provide enough coverage, there is no need to purchase a separate policy.

There is no need to go through health screening and pay premiums year after year, if you have enough life insurance or enough of your assets will be liquid at the time of your death.

Many senior citizens are underinsured for life insurance. This means that their families will, in many cases, have to take money from their personal investments at the time of their death. Since your family can not buy burial insurance after your death, the time to act is now.

Chances are you can be covered with an affordable policy very easily. Many applications only ask medical questions, but do not require an exam.

Through our site, you can contact an agent who can help you find a policy with low premiums that will cover your needs. You may be surprised at the rates; many companies offer policies with reasonable premiums for people over 50, 60 and even 70.

It pays to start planning now. You can request quotes for senior life insurance and get information on not only the prices, but also the terms.

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