Do you want to be able to get affordable life insurance for seniors? Follow these 8 do's and don'ts to get life insurance that gives you what you need at the best price:
1. Do Know What You Need
How much insurance do you want? How much can you afford to pay? The most affordable life insurance isn't necessarily the cheapest; it is the one which gives you the coverage you need at the best possible price. If you want a policy for your lifetime, although term coverage will probably be less expensive, it doesn't fulfill your goal.
2. Don't Expect the Best Rating if Your Health is Not Perfect
Be realistic. If you have health issues, then your insurance will cost more. Seniors often have more health issues than younger people. The more health issues you have, the more complex the insurance underwriting will be. The rates you see advertised on TV are for the best health category and usually younger than seniors! (You can't get insurance for $20 a month when you are 65!)
3. Do Use an Independent Agent
Because independent agents work with many companies, not just a few, independent agents can give you a more complete quote than an online search engine or captive agent(who only has one company available).