No one wants to give trouble to loved ones at the end of the life’s journey. And I am sure your parents do not want to leave it to their family.
If you have elderly parents that are up to 89 years old and with decent health, there are many insurance companies that will insure them.
You can get a small policy to cover for their final expenses such as their funeral.
Remember there will be need to spend money on various heads which include funeral service, casket, burial and cemetery plot. Other expenses include the arrangement of flowers, vehicles, procession, viewing and headstone. In order to reach a decent estimate, you should consult the elders present in your community.
If you are searching for final expense insurance policies that are offered by various insurance companies, you will be able to select the best policy for your needs. By going for quotation from many companies, it is possible to select the best final insurance plan.
I am Mike Minter and I have been assisting families to get the best quotes in Life Insurance for Seniors. I work with the top companies in the country and I will be able to assist you. Call me at 1-888-646-8268 or 813-9647100. If you want to have an idea about cost you can go to my website www.MintcoFinancial.com
There is an instant quote you can fill and check for the cost.
Once you decided the amount you want to insure (up to $50,000) there are some questions you have to answer by phone with a nurse. Do not worry, I will go through it with you.
Covering final expenses It’s never nice to think about, but it’s imperative to plan for the future. Having life insurance in place provides the family with a safety net so that they have ready-access to funds for final expenses.
How to get a cheap Life Insurance for Seniors?
The best way is search among many companies and the best way is looking for a specialist in life insurance for seniors that can do all the work for you. It is free. He/she will search the best policy and will advise you the best amount for your budget or an amount you feel comfortable in paying monthly.
Just for you to have an idea of amounts you can get
For ages 50-89 some carriers will go lower and some will go higher
Benefit amounts are generally from $5,000 to $50,000
No Medical Exam – Yes and No qualifying questions on the applications
Non Smoker and Smoker Rates
Many carriers will now allow take an application over the phone. No one needs to visit you!
Mintco Financial Team can help you now!
Stop shopping and give us a call now 1-888-646-8268 or 813-964-7100
If you are looking for a life insurance program for seniors over 80, then look for an independent broker or agent who is doing this business for years now.
They are experienced and can understand your situation. You can’t find a better person than them as they will research for the best deal for you after analyzing your situation and market offers.
Just ensure that, the person is not working for a single company as he can be biased.
Beside this, you can get recommendations from family members or friends and that will help you find the most suitable coverage.
This is never too late as long as you desire to have a life insurance coverage even at the age of 80.
You may want to have this as a purpose of erasing all sorts of financial insecurity of family members. The most important truth is, you will be mentally satisfied and can pass away with self-possession.
Are you like the majority of seniors? Do you have a health issue or two? Blood pressure or cholesterol numbers that are high, history of heart attack and cancer – many seniors share the same conditions you may have. Despite these illnesses you can qualify for guaranteed issue life insurance.
Burial Insurance for seniors policies are specially designed versions of permanent, whole life insurance aimed at coverage of funeral costs, interment and other expenses. Often these burial policies are available as “simplified issue”, meaning there is not a physical examination needed for you to qualify. You only need to answer questions about your health on an eligibility application.
Policies and coverage are available for those aged between 50 and 89, with benefits at death ranging from a minimum of $2,500. Your premium would remain the same amount for your lifetime, and the cash value of your policy accumulates over time.
Ultimately the responsibility to find affordable life insurance for seniors falls onto the insured, a family member, or friend.
Many seniors know that getting life insurance is important, but they might not know where to start. End of life expenses can end up taking a huge toll on the family of the person who has passed, and having a senior life insurance policy in place can make the process so much easier.
There are affordable options out there for almost everyone.
Securing your financial future, and that of the ones you love, is now easier than ever.
The first step in getting yourself insured as a senior is to decide how much life insurance you will need. Do you have debts that will remain after your passing? Do you have enough savings to cover the costs of death? How much of an inheritance do you plan to leave to your loved ones? All of these questions should be answered, and factored in to your decision. While it is impossible to be exact, a rough estimate of your assets minus your debts should give you an idea how much money will remain when you are gone. If there are more debts than assets, you definitely need senior life insurance. If there will be money remaining after your debts are paid, you need to decide if you will be satisfied with the financial inheritance you will leave behind. If you think you would like to leave more money to your family and loved ones, you may want a senior life insurance policy that will fill the gap. Once you have determined how much you need, you will need to figure out how much you can afford.
One of the factors that will likely go into determining what type of plan you choose is the cost. The larger the payout amount, the more the policy is going to cost. You need to balance the amount you need for tomorrow, with the amount you can afford today.
There are numerous prominent life insurance companies that provide free quotes via the Internet. But there is only one that can give you the most affordable quote:
Mintco Financial is the leading company for Senior Life Insurance. Our Advisors shop among many carriers to find the best quote for you.
Once you contact Mintco Financial at 813-964-7100 or Insurance for Seniors free quote ,you can discuss the options with your family, and decide exactly how much coverage you will need.
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Seniors know that having life insurance is essential. While your family is going to have a difficult time dealing with your passing, trying to deal with the remaining financial burdens can make it almost unbearable.
Call Mintco Financial 813-964-7100 and make an informed decision that will allow you to select the senior life insurance policy that is right for you. Now is the time to make arrangements to protect your family and loved ones in the future.
Burial insurance is a term or whole life insurance policy that is issued to arrange the satisfactory funds fundamental to pay for ones final funeral expenses, and possibly, depending on the amount of burial insurance purchased contribute some extra funds to provide for any individual debt the deceased person might leave unpaid as well.
We will touch on three uses of burial insurance, and three benefits of burial insurance.
First the most visible reason, the primary reason for buying burial life insurance policy in the first place is to furnish the suitable funds for a proper burial in the event of a death. Some of these expenses will include; a funeral plot, a coffin, headstone, flowers, medical costs associate with the death, and the funeral home’s fees, among others.
Second is the ability to acquire up to $50,000 in death benefit insurance coverage. Many final expense insurance companies will authorize the insured to buy enough burial insurance to not only cover the total cost of a burial, but they will approve the insured to buy adequate funds to provide for any final bills they may leave behind in the process. Some examples of these debts may include; a mortgage balance, any credit card balances, or maybe there is an outstanding car payment that will need to be paid off.
Finally, another use of a burial life insurance policy would be to provide enough funds to be passed on to a loved one or family member who could put the money to good use. You could start a college education fund for the grand kids for example, or even will some money to your preferred charity or local community. The proceeds of a funeral expense policy can be used in any direction the policy beneficiary sees fit.
Now, three benefits of purchasing a burial insurance policy.
First, the survivor benefits of a funeral expense policy are paid out to the beneficiary on a tax free basis. That means that whomever you wish to receive these life insurance proceeds, will not have to pay any income tax on those benefits they are paid.
Second, you can purchase a burial insurance policy even if you had a fatal condition or disease that would not allow you to purchase a preferred life insurance policy. Some examples of this would be a cancer patient, a diabetic, or somebody who suffers from heart disease. This kind of individual would not only be a great candidate for a burial insurance policy, they would be guaranteed to be able to buy a final expense policy.
Finally, there becomes a certain comfort that comes with the knowledge that upon your death, your family and loved ones will not have to struggle financially in the event of your death. Your family will already be struggling emotionally dealing with their loss, arranging the money they will need you your burial, and final expenses will be one less burden they will have to endure in their time of loss.
So, there you are, three great reasons why you need to purchase burial insurance and three great benefits as the result of purchasing burial insurance. Whether you call it burial insurance, burial life insurance, Funeral Insurance, or Final Expense Insurance, the use and purpose are all the same, arranging the necessary funding at the time of its greatest need.
