While it is ideal to apply for life insurance at a young age, many individuals find themselves needing life insurance as seniors. If you are a senior and you need life insurance, there are senior life insurance plans that are designed just for you.
Many people believe that once they hit 55, there is no way that they will find a life insurer that is willing to approve them. This could not be further from the truth. In actuality, there is an entire market for seniors.
Life insurance policies that cater to seniors are designed for individuals who are between the ages of 50 and 89 years old, depending in which State you live.
Most insurers do not require seniors to qualify for a medical exam when applying for this specialty policy. Another great feature is that insurers offering senior plans will not cancel the policy because you are growing older or you fall ill.
THE BEST WAY TO FIND A LIFE INSURANCE POLICY FOR SENIORS IS THROUGH AN INDEPENDENT FINANCIAL ADVISOR. HE WILL SHOP THE BEST POLICY FOR YOU WITH THE BEST COST AND BENEFIT.
Mintco Financial Team of Independent Financial advisors will help you get the best quote and policy.
Mintco Financial is a leading company in the seniors life insurance and is an independent company meaning they will shop through many carriers and choose the best cost/benefit policy for you.
How to Find Life Insurance for Seniors Over80If you are a senior over 80 and are shopping for a Life Insurance where you can leave a legacyfor your descendants after you pass, you should pay attention how to get the best rate with lesstime and find the most cost-effective option for your individual situation.Many companies now offer insurance for seniors up to 89 years old - depending on which statethe life insurance policy will be issued.Comparing rates from many different companies is the only way to make sure you are getting thebest possible rates.Sometimes quotes will vary by hundreds of dollars per year from company to company, so bycomparing many quotes, youll find the cheapest rates possible.You can get the best deal in a life insurance for seniors working with an experienced, licensedindependent agent who specializes in life insurance for seniors is the surest way to find the bestrates for your specific circumstances.Unlike agents working for a particular carrier or website, an independent agent will take the timeto help you realistically answer critical questions such as:What are the purposes of the life insurance?How much coverage do you need?What type of policy should you buy (term or permanent or a combination?Which carriers offer the best rates for your age and health issues?Once your situation and needs are clear, an independent agent will use their knowledge of themarket and their relationships with many carriers to find the best buy for you. And they cancontinue to work with you to monitor and evaluate your ongoing insurance needs, alwaysmaking sure your interests are best served.Still confused?Most life insurance policies for seniors up to age 89 has a small face value.The insurance industry sees anything less than $50,000 as to small in coverage to underwrite.Usually seniors use their policy to pay for their final expenses and most funerals will cost $6,000to $10,000 or even higher. However, majority of the time final expenses do not exceed $20,000
in overall costs. So the smaller the face value means the smaller the premium you will pay than anormal $50,000 policy. You can pay the premiums every year or every month at your choice.Some final expense insurance policies will require that an applicant answer some basic healthquestions with no medical exam.The best way to get the best rates?Get an independent financial advisor that is specialist on Life Insurance for seniors.He will shop the best rates for you.Mintco Financial is an independent financial advisory firm that specializes in senior lifeinsurance over age 80.Call us for a quick quote at 813-964-7100 or visit our website http://www.MintcoFinancial.com