Many people are under the impression they do not need life insurance for seniors. Still others think that seniors cannot get life insurance. There are various reasons for this. Some say that senior life insurance is too expensive; some think you still cannot get it once you have passed a certain age. Some of us may think we have enough money saved that we do not need life insurance, and some of us may even think our debt will die with us. For...more
Life insurance for seniors can go a long way toward protecting your investments, or providing your family with an inheritance. Think about all the things you own that you still owe money on. Maybe you have still got a car payment, or even a mortgage. Maybe your one of your children has a dream to open their own business, or a grandchild would like to attend college. How can you make sure any, or all, of these things happen?The easiest answer,...more
All elderly people should seriously consider life insurance for seniors, especially if you have surviving family or outstanding debts. Life insurance provides an excellent way to insure your debts are paid, your funeral expenses are covered or to provide an inheritance to your surviving family members. You can use your life insurance for all these purposes. It used to be that the elderly could not get life insurance. They were considered high risk, and insurance companies would refuse to cover them. Laws and regulations have changed, however, and life insurance can no longer be denied those who need it most. Many companies attempt to make it too expensive, but if you shop around you can still find great deals on life insurance for seniors. Many people believe they cannot afford life insurance, that they do not need it or they can do it later. We can afford it, most of us need it and we can never know whether or not we will have time to do it later. Life has a way of making its own decisions that may not always be in our best interest. When we pass, how will our families cover our funeral expenses? Have we set aside money for that? What about our outstanding debts, or even an...more
There are many reasons one should own life insurance for seniors. They can range from simply wanting to pay for your own funeral expense to wishing to leave a lasting financial legacy for your family. Life insurance policies are insurance for your family, not for you. The benefit can be used however your family sees fit, they will generally use it...more
The longer you live, the greater the chances you'll need some form of long-term care. If you're concerned about protecting your assets and maintaining your financial independence in your later years, long-term care insurance (LTCI) may be for you.Who needs it?Approximately 40 percent of Americans age 65 or older will need long-term care at some...more
Fifty Plus Life Insurance Options Lots of us start evaluating our financial lives as we pass 50. We start to realize that retirement is just around the corner, and that there will no better time to make sure that we have made solid plans for the future.One common financial product that many of us lack is pretty surprising. We hit our 50th, 55th, or even 60th birthday without enough life insurance. How does this happen? Most of us used to have a policy, but we lost it over the years. It may have been a term policy that expired or got dropped. It may have been group insurance from a job that we left. Or maybe a job loss caused us to drop coverage because of other important bills that needed to get paid. Some people are concerned abut finding low cost life insurance policies after age 50. I do have some good news on that subject. Americans are living longer. Because of this, rates are dropping. You can find lower rates than you could 10 years ago. The majority of middle aged people should have no trouble finding a policy. What type of policy should you buy when you are over 50?You can find over 50 term life policies. While you may not find 30 year terms, it is possible to find...more
Insurance: consider your options carefully Choosing the insurance policy best-suited to one's needs and requirements is a difficult task. According to the Insurance Regulatory and Development Authority (IRDA), the life insurance sector in...more
8 Basic Tips About Getting A Good Life Insurance Policy For those with a large family, it can be disheartening after you die. A family that was living a decent life may have to fight hard to survive especially if you were the bread earner of...more
Few Tips About Getting Affordable Life Insurance People are always looking for affordable life insurance which they can easily pay for. The policy should pay for all their expenses and sometimes it's not easy to find one. You get a policy that...more
Work Life Balance. What it Is And How To Find The Perfect Balance Balancing work and life these days is a major goal for all of us as the line between the office and the home becomes increasingly blurred and the pace of our society...more
Important Tips When Planning for Long Term Care Insurance The need for long term care happens to anyone, no matter how hard you convince yourself it won't happen to you some time in the future. You can't predict all the unlikely life events...more
Buying Long Term Care Insurance Makes a Difference It is quite baffling why most people give priority to material things like their cars and all caprices in the world than their health. Some people would even pay hefty insurance for Chevy and...more