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Life Insurance Policies for Seniors Over 85 No Exam

Life Insurance Policies for Seniors Over 85 No Exam

For decades there has been the idea that Senior Citizens don’t need life insurance plan protection At one time, insurance plan providers even rejected to protect the elderly. Today, in many states, laws have changed to where they require life insurance plan protection organizations to provide guaranteed protection to those over the age of 85.

Life Insurance Policies for Seniors Over 85 No Exam

Life Insurance Policies for Seniors Over 85 No Exam
Life Insurance Policies for Seniors Over 85 No Exam

But people 65 and older still think it is difficult to buy life insurance plan protection. The premiums for Life insurance plan protection protection are quite expensive. But there is a way to protect your golden decades with protection plan that serves an important purpose and is relatively affordable.

It’s called Phrase Life Insurance and is usually purchased for a temporary need, such as to protect a loan from the bank or a mortgage loan. Phrase lifestyle insurance protection is the most inexpensive type of lifestyle insurance plan protection to buy and for our purposes here, to protect the possible last many decades of your life.

Life Insurance for 87 Year Old Male

Seniors with a history of excellent heath up to 75 many decades of age can qualify for a 10 to 15 season plan with a value of between $10,000 and $25,000 with a premium of under $100 a month and without a health check.

You may be thinking that $10,000 to $25,000 for a 10 season term isn’t worthwhile but as you will see, this isn’t the case.

If you have a mortgage loan, $25,000 will enable your recipients to make home for about 2 decades. The ones you love can stay in their home that you worked so difficult to keep until they decide what to do with the property. This will give them time to remember and eliminate any immediate economical pressure.

Final Expense Insurance for Seniors Over 85

And what better way to preserve your legacy than with a $25,000 present to a favorite charitable organisation or organization that you were a member of. A tax-free present to be used for something worthwhile will be greatly appreciated and kept in mind for a long time.

Another great way to help someone out is to leave the cash to fund someone’s education. A cash present of this scale will go a long way to help any university student with college tuition, housing, books, etc. Others may choose a creative way to use the cash by investing in an endowment to help fund 4 many decades of school or more.

Burial Insurance for Seniors Over 85

Most importantly, the cash comes in excellent use for covering last costs at the end of one’s lifestyle. With the average burial costs ranging from $8,000 to more than $15,000, a $25,000 Phrase Life plan is practical and eliminates the economical pressure an unexpected loss of life can create.

When your beloved turns 65, start to determine whether you need more insurance plan protection. It is best to be over insured rather than under. When my Mother passed away last season, she once told me that she had enough insurance plan to protect her last costs. Her lifestyle Insurance plan loss of life benefit was only for $1500 and I had to pay for the rest of it out of pocket. A $10,000 to $25,000 would have come in handy.

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