Life Insurance for Seniors quote: http://mintcofinancial.com/life-insurance-quote.asp
You need to know that senior life insurance products are going to be limited when you go beyond the age of fifty. But despite your age, there a lot of companies who can offer you plenty of options to get your term life insurance policies. In fact, a lot of providers are willing to work with you even at that age bracket. Some life companies have found that they can generate more income and better business by catering to specialty insurance customers, including those over the age of 50, because it allows them to meet a greater need than a standard insurance company could.
Whole life insurance covers burial insurance, which will cover any expenses in funeral cost and other expenses. These policies are simplified issue, so there is no medical exam necessary to qualify. To prove coverage and eligibility, prospects needs to answer some simple health questions. Those people aged fifty to eighty-five is covered by this plan and they usually get a funeral insurance coverage of about $2,500 to $30,000 � guaranteed. Your premium is level for life and your policy accumulates cash value over time. For elderly people, this is the most common type of life insurance they should get.
Another type of life insurance for senior citizens is whole life insurance is most commonly referred to as �guaranteed issue�. This type of whole life insurance policy does not require extensive underwriting. Instead, a simple application is filled out and the insurance policy is issued within a few weeks. Sometimes, the policy can be issued in a few days or even the same day the application is submitted. The other simple form of policy is called single pay-whole life insurance policy because of its simplified process that does not involve a lengthy full medical examination just to get approved. The benefit of a guaranteed issue policy is that the individual does not need to go through full underwriting. Paper work is kept to a minimum and usually does not entail medical examinations. So senior citizens get their policy issued in no time and insurance companies do not need any other requirements.
Get a free quote from Mintco Financial:http://mintcofinancial.com/life-insurance-quote.asp
Mintco Financial is specialist in Seniors Life Insurance, Term Life Insurance for Seniors, Funeral Insurance, Burial Insurance.
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