Senior Life Insurance – Life insurance affordable for older people, without medical examination
Posted on July 5th, 2011
Term life insurance is very popular these days, and, of course, protection can be very valuable in a low-cost supply for many people. But the problem is to live with the idea that only works when people are caught, it would be hard to find protection, after ten or twenty or thirty years, the medium-term policy has expired. The theory behind the concept, but life itself, is that by this time the insured will have lessObligations, and have saved enough money to secure themselves.
However, there are many elderly and retired people who were not lucky, no obligations and have sufficient savings for their debts, to cover final expenses and other obligations. Even by the time we reach maturity, we also developed health problems. As if that was not enough in old age, health problems can make us very difficult or expensive to provide to all!
But some lifeThe companies have older life, guaranteed life insurance or develop the final cost of life insurance programs to meet those needs. These are basically the whole life insurance policy means. This indicates that the policy will remain in force until the policy is maintained. A policy is a rule in force that has kept with the payment of premiums, or make the policy “paid”. Yes, many of which can be paid all political life in a period of years, usually 10 or 20 years. In this case, aInsured can relax, knowing that a life insurance policy for life, not only for a period of years.
These types of senior life insurance or final expense policies are of two types, which do not undergo a medical examination. For a nominal value, which usually range from $ 2,500 to $ 25,000, many companies offer seniors life simple question and a matter of policy guaranteed. The nominal value is lower, and the risk for insurance companies is lower, it iscan win some more relaxed requirements for insurance coverage at affordable rates for life insurance companies to find. Elderly can leave this money to a recipient, usually to cover the spouse or children, the funeral, finally settling debts, and leaves you some money as a real estate agent.
Simple question of life insurance companies, to offer instant death. Do you know how qualified health problems on applications, but the vast majority of older people can. They are usually denied only candidates who have a terminalDisease, or in a nursing home. For example, small health problems will not prevent a candidate to receive coverage. Since the coverage is immediate, as soon as the insured is informed that their policy was issued, which will be covered.
Guaranteed life insurance problem can not ask questions to health at all! Instead, characterized by delaying full coverage for a period of months, 24 to 36 or 2 to 3 years. If the insured person dies during thisQualifying round, we will refund all premiums with a specific interest rate. For an elderly person with serious health problems, this is still a no-lose deal.
If you are an elderly person, or if you are worried about the payment of final expenses for your parents, consider the old life insurance. It is much easier to get to a premium monthly profit of several thousand dollars for a funeral and other charges after the person dies pay.
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