Senior Life Insurance, Insurance
for the Elderly!
Security in later
years.
Technology continues to evolve at a rapid pace allowing
medicine to advance by leaps and bounds. People are living
longer than ever. The average life expectancy for men is 82 yrs
old, females 87 yrs old. That's 25% higher from 25 yrs
ago.
Great news! However,
we pay a price for this technology:
rising costs of inflation! Not so great. No one knows this
better than seniors, which is why having seniors life insurance
is important. Even if you have built a comfortable nest egg
things happen. You could have an accident or fall ill, all of
which can quickly eat away your hard earned cash.
Life insurance for seniors (also called 'guaranteed' life
insurance, final expense life insurance) gives you
immediate, low-cost life insurance protection for your
loved ones, valuable living benefits and important
guarantees.
In
addition, you have the peace of mind of knowing that your
final funeral expense needs will not create an additional
financial hardship for your loved
ones.
ELIGIBILITY
- Men and women between the ages of 55
and 75 are eligible; NO health questions, No paper
work, NO medical exam is required!
GUARANTEED
PREMIUMS
- Premiums are guaranteed to remain
level which means it will never increase. You pay the
same amount every year the senior life policy is
in-force.
- A senior life insurance company
determines senior premiums by life
expectancy (how long you will live) and
your life insurance ratings (preferred, standard
etc)
VALUABLE
LIVING BENEFITS - Senior Life Insurance Builds Cash
Value!
- Senior life insurance policies
can be an investment opportunity as it build cash
value as it matures just like whole life policies.
It’s a living benefit you can borrow against or cash
in later in life.
- Senior
life insurance settlements is another opportunity
as investors will buy your senior life insurance policy for
10-20% of the face amount.
SENIOR LIFE INSURANCE COVERAGE
- The face amount for insurance is
5-50,000.
FEATURES OF SENIOR LIFE
INSURANCE
Your policy can
never be canceled, regardless of your age or health. Death
benefits pass income tax free to your named beneficiary. Many
senior life policies include or offer certain policy riders
(accelerated death benefit
rider.)
READ THE FINE PRINT! DONT GET
CHEATED!
Most life insurance companies have features called 'graded
death benefit limitation.' Each company is different so be
certain you understand the terms of what your buying. Insurance
companies have senior life coverage limitation for the first
two years. During the first two years of coverage,
if the death is accidental, full benefits are paid.
Non-accidental deaths, there is a limited, lower benefit,
depending on the amount of coverage
purchased.
Following the second full year of
coverage, total benefits are paid upon death of the
insured, whatever the cause.
Consumer Tip: Death in the first two years some life
companies will pay full benefits others might only refund the
premium dollars paid!
DON'T GET CHEATED! READ
AND UNDERSTAND WHAT YOUR GETTING OR NOT GETTING FOR YOUR
PREMIUM DOLLARS!
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