Life Insurance for Seniors

life insurance for seniors
Believe it or not, you can still get life insurance when you are past retirement age. But how do you get it at an affordable price? Follow these tips to get inexpensive life insurance for seniors.

  1. Figure Out How Much You Need
  2. As you get older, you generally need less life insurance because you don’t have children to raise any more or college to pay for. Use our calculator to know how much life insurance you really need.

  3. Use Your Work
  4. If you are still working for a living, there are a lot of companies that offer life insurance through employment. They usually aren’t enough for people taking care of a young family, but it’s possible that it could be enough for you. Look into your work plan and see how much they offer. Even if they don’t offer enough, still take advantage of it. You can get another life insurance plan to get more life insurance.

  5. Look Into Group Plans
  6. There are many organizations that offer discounts for life insurance for members. Talk to an insurance broker at LifePlan Quote – (360) 419-0100 – to find out which companies offer discounts for life insurance.

  7. Get Quotes
  8. Different insurance companies offer different rates based on age, health, and many other factors. It’s important to compare rates to find the one that is best for you. An insurance broker at LifePlan Quote can help you find the life insurance that is right for you. Just give us a call – (360) 419-0100.

  9. Last Resort Life Insurance
  10. If you cannot qualify for term life insurance or whole life insurance, guaranteed issue life insurance may be your only option. Unfortunately, this type of life insurance is not cheap. There are requirements such as having to survive 2-3 years after the policy is taken out, and the premiums are usually high. It also usually only offers about $100,000 in coverage. But if it’s your only option, it may be worth it.

     


    LifePlan Financial

    At LifePlan Financial, we pride ourselves on our quality work, our honesty to our clients, and the reliability we provide. Getting life insurance doesn’t have to be a hassle when you use LifePlan Financial. Contact us today for any questions or get an instant term life insurance quote to get started.

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