Life insurance is a vital protection for our golden years, as it can shield us from unexpected events and ensure our family’s financial security. If you are over 50, search now for affordable life insurance today.
The Different Kinds of Life Insurance
Life insurance mainly comes in two forms: term and permanent. 1 Term insurance covers you for a certain period of time, while permanent or whole life insurance lasts for your entire life. The latter is more expensive, so doing some research on the types and their prices can help you choose a policy that fits your budget.
Pay Only $13/Month for Life Insurance
Many people think that life insurance is too costly, but that is not true. In fact, a healthy 30-year-old woman can get a term life insurance policy worth $250,000 for only $160 per year, which is about $13 per month.2 This shows that life insurance policies can be within your budget. So, it is wise to select your policy as soon as possible!
The Best Life Insurance Options for Seniors
Seniors have several options to consider when it comes to life insurance. Guaranteed universal life insurance provides lifetime coverage with a fixed death benefit, and the premiums are much lower than other permanent policies. Guaranteed whole life insurance is ideal for seniors with health issues, as it does not require a medical exam, offers lifetime coverage, and accumulates a cash value over time.
Additionally, for those who want to cover their final expenses, final expense life insurance provides coverage amounts from $1,000 to $50,000. And let’s not forget about universal life insurance, which gives you flexibility, a fixed death benefit, and the option to grow cash value or add a long-term care rider. With so many options available, it is important to keep searching online to find the policy that meets your needs best.
Don’t Wait Any Longer!
Finding senior life insurance does not have to be hard or expensive — it just takes some research.
With knowledge, smart choices, and a little help, you can get the coverage you need without spending too much. Start searching now to find the right insurance policy for your needs!