There are two types of life insurance for seniors over 80 depending upon the amount requested and the health of the proposed insured. Final expense policies only require answers to health questions, while larger amounts are fully underwritten. Many final expense policies ask different questions so an independent agent can help you find the policy best suited to you.
When shopping for life insurance for yourself or if you're a younger family member looking for someone else there are things you need to know to make sure you receive the best value for your premium dollars. Did you know the cost of the average funeral today is over $7,000. Life insurance can take away the worry about what will happen when you or your loved one passes away. Here's how!
Rather than saying you want a certain type of insurance, we suggest you talk to an independent life insurance agent, especially one who specializes in seniors. The process seems straight forward, but you will do best with an agent because:
There are some decisions to be made when you are ready to get life insurance. How much to buy? Can I afford it? (If not, how much can I get for the amount I can afford?) Which policy type is best for me? Which company is best for me? You don't have to do this all alone. Talk with your agent because they are your best resource.
Use your agent to your advantage. Let them use their knowledge and expertise to help you get the most affordable life insurance you can buy. If you have an idea of how much coverage you would like to purchase, your agent can steer you to the best options for your situation. Give you and your family peace of mind knowing that your final expenses are well taken care of.