To better care about the well being of your family, you need to do something about your final expenses once you die. The way this is done is with final expense life insurance.
Insurance like this which provides for all of your final expenses is permanent insurance, meaning there are no term term limits to worry about. You do not have to commit to a term of 10 to 20 years and then have to pay a higher premium if you want to be covered for a longer period. This is for a finite time - your lifetime - and carries a premium that is fixed.
The Ideal Insurance Should Have
A high quality insurance policy is made up of certain items. When looking for way to cover final expenses, in addition to policies your already possess. you will want affordability. For example, you would not want coverage that will be more costly simply because you are older. You want to be between the ages of 55 and 80 and be guaranteed coverage.
Guaranteed Coverage policies will not turn you down, even at 80 years of age. his is a rare find as many insurance companies require medical exams or have age limits for coverage. Those who do not own any insurance policies, or have limited amounts, could be in a very difficult circumstance if policies were not available late in life. This might place your family in a perilous circumstance as they would be burdened by the costs.
Another issue is that many policies don't vest for two or three years before benefits will be paid. This is a problem if the insuree passes away prior to the end of the vesting period. The meaninh here is that were paid, but coverage was not issued. This can also place the family in a bad situation. They are aware of the policy's existence, think they will be covered, but find out it wasn't yet "in effect". This can cause quite a bit of panic.
What You Have To Do
You may have to answer some health questions because, if you did not, the final expense life insurance company would be taking quite the gamble. However you won't be required to take a lengthy medial exam as some policies require.
Your next step is for you to acquire a free quote so that you can see that a life insurance policy that takes care of your final expenses is not an expensive one. Forget the idea that a policy purchased at the ages from fifty-five to eighty must be excessively expensive. You should not be discriminated against because you are older.