Why buy Life Insurance?
Why the heck would you want to consider buying term life insurance once you are retired? You are now enjoying the twilight of your life, that last thing on your mind is taking out life insurance right! Bills still mount up and your hard earned cash needs protecting, the thought of taking out further monthly costs is not something many seniors would consider. However, many people are shocked to find out that the average cost funeral expenses in America is between $7,000 – $10,000. In order to provide the funds to pay for the funeral service, use term life insurance for seniors to fund it.
No Medical Exam Life Insurance
For those worried about taking a medical exam, especially those of us getting on in years. Do not worry, many insurance companies now offer term life insurance with no medical exams. Simply complete the simple medical questions honestly. For many seniors, medical history is a problem, so for those there is guaranteed acceptance life insurance. These policies provide life insurance, however at a cost.
No personal information
Many people are worried about receiving unsolicited phone calls and being pestered to buy things. Insurance companies recognise this and will provide term life insurance quotes without personal information being provided. This means that you can obtain a quote, without providing this key personal data. For many, this is a key requirement.
Term Life Insurance Quotes
In order to understand how much senior life insurance will cost, use a price comparison site to obtain quotes. Be sure to obtain at least 3 different quotes to see how much you can save by comparing the premiums and benefits from different insurers. Make sure you play around with different numbers to see how these impact the cost.
Senior Life Insurance
As has been mentioned, funeral expenses are expensive. This has to be paid by someone. Instead of letting your loved ones worry about finding the money, take out term life insurance to provide the funds to cover the funeral as well as maybe providing gifts for your loved ones.