Life Insurance For Seniors

Written by Danny Ray

Quick Tip: For a instant quote for life insurance, fill out the form on the side and rates will be displayed immediately.

Affordable Life Insurance for Seniors ~ What You Need To Know NOW!!!

Facts about finding the best Life Insurance for seniors, let’s face it, every day you live you are closer to mortality.

Therefore, the older one gets the more of a risk one becomes to the carrier.

 The big question, is affordable coverage for the elderly available? In fact, YES it can be!!

Purchase Life Insurance for seniors

Seniors and Life Insurance ~ Get Back to Living Life

When you buy life insurance for the elderly,  the more challenges may arise getting affordable coverage. Even if you’re in the market for a cheap burial policy, or final expense for seniors, you may be in a position for higher premiums. This is because your body starts to break down naturally and will be considered a high risk applicant.

Therefore, the higher the risk, the more adverse impact you will see on price.  However, finding affordable senior life insurance plans and low cost coverage for seniors can be possible with the guidance of an independent agent.

ABove all, perfectly matching the right carrier and right product to properly protect your family is our goal.  Protecting your family so they do not bear the burden financially in the event of your death.  Most importantly, saving you $$$!!!  So you can go back to living your life.🙂


What Life Insurance is Best for Seniors ~ Here is What You Should Know!

Life Insurance for Seniors over 70

Senior Life Insurance Policy

There is no single best type of life insurance for seniors. Rather, which type of coverage is best for you.

Whether you’re older than 55 or not, really depends on why you need coverage and what needs protecting.

To begin with, the main focus is finding the best coverage for family protection in the event of death. In Addition, your current financial and health circumstances. It also depends on which company offers you the best rates for a given amount of coverage.

Always make sure to get multiple quotes from different providers before committing to buying a policy. Bottom line, affordable coverage for the elderly is still available. Cheap senior life insurance quotes are vital when on a fixed income. Remember, permanent life insurance will require higher months premiums.

In fact, level term will be the most affordable and lowest cost. However, the downside is that you may out live it. So if you really want something for burial or cremation then a simple final expense policy will do wonders. If you have a spouse that depends on you financially, then you will want to look into a level term and/or a GUL product.  


What is The Reason To Get Term Life Insurance For Seniors

Although it’s less likely to apply for term coverage for older adults than, say, adults in their 40’s, more and more term life insurance for senior citizens is becoming common. Mainly, senior citizens, these days are more conscious of financial security. They want to make sure that all their hard work is not at risk if something were to happen to them. Seniors insurance is the answer.

The other most popular reason is to pay for final expenses. All in all, funerals cost around $10,000, which is a huge bill to leave your family to pay for. The proper coverage can help senior citizens relax, knowing you achieved the protection your family deserves. In fact, senior insurance plans do exactly that! One thing about term life insurance, it is a level term for 10, 15 or 20 years.


IS LIFE INSURANCE NECESSARY FOR SENIORS… YES!

If you pass away suddenly, your family members could be responsible for some major expenses.  Especially if you don’t have life insurance to help shoulder the burden. Cheap life insurance for seniors is an excellent way for the elderly to protect their families from becoming financially burdened with the end of life expenses. Also, term life’s application process is more extensive than a typical final expense or burial policy.


PROTECTING FAMILY WITH LIFE INSURANCE

Don’t leave your family with the burden of expenses

Specifically, a life insurance policy can protect your family from funeral and death expenses, medical bills, and other outstanding debts such as mortgage payments, credit card bills and personal or business loans. Life insurance can also help provide for a special-needs dependent after you are no longer alive to do so.

So if your looking for over 50 life insurance or a the best carrier for seniors over 65, term life insurance for the elderly may be the most affordable.


THINGS TO CONSIDER BEFORE CHOOSING SENIOR COVERAGE

Above all, applying for coverage when you are a senior is very different as you are closer to mortality. First of all, needing to decide how much you want to be covered, funeral, debt, or filling the gap in income for a loved one is very important.

This way, you can calculate how much life insurance you’ll need to purchase. Life insurance for a burial or cremation varies in price.

The difference is substantial. Burial ranging for $8,000-$12,000, and cremation ranging from $1,500-$5,000. All final expense is a policy of a small whole life policy.


IMPORTANT TO REMEMBER ~ PINNACLEQUOTE WILL GUIDE YOU THROUGH YOUR SEARCH BASED ON YOUR BUDGET!

Equally as important, know your budget. Before shopping around for coverage you should know exactly how much you can afford to pay per month. This will help narrow down your life insurance options.

Finally, make sure you’re working with the top life insurance companies. It helps if you research which companies specialize in covering senior citizens. This way, you’ll be able to find the most affordable rates and the right benefit amount.


WHAT KINDS OF COVERAGE ARE THERE FOR LIFE INSURANCE FOR PEOPLE OVER 65

There are many types of insurance policies for people over 60 to choose from.  For instance, getting the best rates for the elderly varies by your age, health, budget, mortgage, etc. It also depends on the type of policy and the number of years you need. See some of the most popular options below:

  • Term Life Insurance — Coverage for a predetermined amount of time. This is the cheapest and most basic kind of coverage. However, it can be difficult to get for those looking for life insurance over 70. The is a great option to save money and budget for estate planning.
  • Whole/Universal Life Insurance — Coverage for your entire life. Includes cash value build-up opportunities. However, premiums are more expensive than term life insurance for seniors. These plans usually have pretty flexible payment options.

  • CAN YOU GET LIFE INSURANCE OVER 70

    Yes, many are shocked that you can get life insurance after 70 years of age.  Your independent insurance agent will inform you of guaranteed universal life insurance.

    These policies are known as “term to 90″ or term to 100.”  This is coverage guaranteed to a specific age.

     Hence the “term to (insert age) .”During the golden years,  in lieu of traditional policy plans, ask your agent about “final expense” policies.  Like we spoke about previously above.  Remember, this ensures that your family will not burden your debt/burial expenses when you pass away.

    Affordable Life Insurance For Seniors

    Seniors needing affordable Life Insurance


    LIFE INSURANCE FOR SENIORS  ~ WITHOUT MEDICAL EXAM

    Burial coverage for the elderly over 80 would come with a no exam.

  • No Medical Exam Life Insurance — When having trouble getting covered, a no medical exam is always an option. While they are more expensive, you won’t need to go through the hassle of getting a medical exam. In fact, our go-to carrier’s, in this case, would be Foresters, Sagicor and Phoenix Life. They all have great senior products with no medical exam.
  • Guaranteed Acceptance Life Insurance No Waiting Period  — In some cases with certain health impairments or even terminal illness, you won’t be able to get covered for a term policy. However, you can be guaranteed coverage with a guaranteed acceptance policy. Furthermore, these plans will begin coverage much quicker, since the process is less complicated than term and whole life insurance. We have a great product with AIG that will guarantee immediate coverage. There will be a two year graded period with this policy.
  • Burial Insurance — Burial Insurance is one of the most popular policies for the elderly. Cheap Burial insurance will cover all of your final expenses. It’s a very cheap, straightforward, and quick policy.  In addition, it is limited coverage since it is only for final expenses.  It is indeed an excellent option for senior citizens on a budget that does not want their family to pay for their funeral. The most common is burial insurance for seniors over 70. Basic burial and/or final expense coverage, our preferred carrier would be Mutual Of Omaha.

  • AARP LIFE INSURANCE FOR SENIORS ~ CARRIER PROS AND CONS

    What you NEED TO UNDERSTAND…

    The one carrier I would stay away from is AARP term life no medical exam. Unless of course, you want your coverage to go up sooner than later. In particular, if you are a healthy senior, you may want to look at a life insurance with living benefits. Its the protection that pays without dying. Our go-to carrier for living benefits is American National.


    HOW TO BUY A POLICY FOR SENIORS ~ AND HOW MUCH

    Before deciding which kind of senior life insurance is best for you, make sure that you do an adequate amount of research. Again, decide what you want to cover, know your budget, and compare several quotes. From here, you should be able to make a more educated decision on your policy.

    Keep in mind, for life insurance for seniors over 60 can still be affordable! I have seen all too often clients kicking the can down the road and putting it off. Let me be clear, at this age, one ER visit for a dizzy spell will make your rate double! Be smart, take advantage of your good health NOW! While you still have it.


    Mutual of Omaha Life Insurance for Seniors ~ Our Fave Carrier!

    Mutual of Omaha is one of our fave carriers for seniors.  Why?  Because they offer a Living Promise Whole Life Policy.  It has Two plans:

    Level Benefit Plan:

    • For ages 45-85 • Face amounts from $2,000 to $40,000 (in WA, $5,000 to $40,000) • Accelerated Death Benefit for Terminal Illness or Nursing Home Confinement • Optional: Accidental Death Benefit Rider

    Graded Benefit Plan:

    • For ages 45-80 (in NY, 50-75) • Face amounts from $2,000 to $20,000 (in WA, $5000 – $20,000) • This policy contains a graded benefit meaning that for death due to natural causes (any cause other than accidental) during the first two years, the beneficiary will receive all premiums plus 10 percent. After the two years, the full benefit is paid for death due to all causes. Full death benefits will be paid, in all years, if death results from an accidental bodily injury

    Additional Benefits:

    • Accelerated death benefit for terminal illness or nursing home confinement
    • Optional: Accidental death benefit rider

    Exclusion:  The death benefit will NOT be paid out if the insured commits suicide, within 2 years from the contestability date. 


    Life Insurance for Seniors with Health Issues

    If you have have issues and they are chronic conditions, let your independent agent know. Health issues such as diabetes, or high blood pressure that is controlled by diet, medications and exercise will most likely get standard rates.  

    With that said, each carrier will look at you differently. This is why it is imperative to communicate with your agent. They will know which carrier will have leniency and the best rates for you and your budget.

    More serious health issues such as cancer and heart attacks will have stricter underwriting criteria. Again, talk with your agent. Here at PinnacleQuote we specialize in all health impairments. We will be able to guide you throughout the entire process.


    LIFE INSURANCE FOR PEOPLE WITH DIABETES

    When getting to the retirement age of 65 a diagnosis of diabetes drastically increases. In fact, one in four or 25% over the age of 65 are diagnosed. Furthermore, when applying in most cases you will have to fill out a diabetes questionnaire. This is to help the underwriter know the extent of your diabetes, treatment, and age of diagnosis.

    Does diabetes affect life insurance quotes? Yes, it will really have to do with the age of diagnosis, treatment, and your average A1C. In some cases, if the diabetes was not managed properly, or the age of diagnoses was decades ago you may be a decline. If this is the case, then a guaranteed life insurance for diabetics will be the only option.


    Life Insurance For Seniors With Dementia

    Above all, watching a loved one with dementia is very painful.

    In fact, it much is very scary for the person that is living with dementia as they lose a little bit more of themselves over time.

    Getting proper protection when diagnosed with dementia is a challenge. Also, most carriers will be a decline.

    Life Insurance for older adults

    The Best Life Insurance For Seniors

    So, does life insurance cover dementia? In most cases, the only option will be a guaranteed acceptance life policy. For instance, AIG and Gerber have the best GI policies. But it is very important to get these policies at the very beginning of diagnosis as there will be a 2-year graded period.

    This period is the period for which the carrier will refund the premiums paid plus 10% to the beneficiary if the death is caused but illness.


    DEMENTIA ~ AFTER TWO YEARS WHAT HAPPENS

    After the two years, the carrier will pay 100% of the guaranteed death benefit. Also, death due to an accident the carrier will cover from day one.

    So if you need life insurance for a parent with dementia, this may be your only option. Also, insurance for clients with Alzheimer’s falls under the same underwriting. So if there is a history of Alzheimer’s in your family it might make sense of getting long term care for Alzheimer’s patients

    This will save an enormous cash burden on you and your family down the road.


    WHEN LIFE INSURANCE FOR THE ELDERLY DOESN’T MAKE SENSE

    Life insurance for the elderly is not always necessary. In fact, some or all of the following situations may apply to you:  If you are unsure, ask your personal agent to go over this with you.

  • Funeral expenses are already covered
  • Having sufficient savings set aside for golden years
  • Children are not financially dependent on you
  • Having no outstanding financial commitments
  • Having long-term care insurance

  • SHOULD I HIRE AN INDEPENDENT INSURANCE AGENT FOR SENIOR LIFE INSURANCE COVERAGE

    YES, ABSOLUTELY!!! HERE IS WHY…

    Hiring an independent agent is usually a great investment. Life insurance quotes for anyone varies drastically, especially for senior citizens.

    A good agent will know what the best choices are for the elderly and the which are the top companies offer the cheapest rates because they’ll know which insurance companies have the most lenient underwriting towards senior citizens. This will solidify getting the best life quote!

    Independent agents represent many different insurance companies that offer a wide variety of coverage options and quotes. Most on average sell for five to eight different carriers.  Here at PinnacleQuote, we are licensed in 49 states.  Actually, we are contracted with over 50 A/A + carriers.  We guarantee the Best Price, Best Carrier!!


    SHOPPING FOR THE BEST LIFE INSURANCE QUOTES ~ WORDS OF WISDOM BY DANNY RAY, OWNER/AGENT

    Above all, getting one quote and going with it is like selling something on eBay and taking the first bid, it just doesn’t make sense!

    Here is a news flash, every online life insurance site has the same rates!!  ALL OF THEM!! 

    With PinnacleQuote’s connections and their knowledge of the market, we will find you the best-priced policy so those hard earned dollars are placed back in your pocket where it belongs.

    Foresters Life Insurance with Danny Ray

    Danny Ray ~Owner/Agent of PinnacleQuote Life Insurance Specialists

    With PinnacleQuote’s connections and their knowledge of the market, we will find you the best-priced policy so those hard earned dollars are placed back in your pocket where it belongs.

    In fact, calling us will save you a lot of time. Our process usually takes less than 10 minutes.  Our agents do the shopping, you do the saving.

    Above all, the end result is you get the best price, best carrier and the fastest process in the industry.


    WHAT OUR SENIOR CLIENTS CONCERNS ARE, WE WILL HELP YOU THROUGH IT!!!

    Furthermore, an agent can help smooth over any of your concerns. Purchasing life insurance is one of the most important financial decisions of your life. It helps to have someone on your side that is knowledgeable about life insurance. They’ll be able to guide you to get the perfect policy for you, considering your budget, needs, and circumstances.

    Here’s How To Contact Us

    If you have any questions, please feel free to contact us at PinnacleQuote (855)380-3300.

    For more information on Senior Support Network CLICK HERE

    Danny Ray & Lisamarie Monaco Contributed To This Article
    Danny Ray & Lisamarie Monaco Contributed To This Article

    Quick Tip: For a instant quote for life insurance, fill out the form on the side and rates will be displayed immediately.

    Affordable Life Insurance for Seniors ~ What You Need To Know NOW!!!

    Facts about finding the best Life Insurance for seniors, let’s face it, every day you live you are closer to mortality.

    Therefore, the older one gets the more of a risk one becomes to the carrier.

     The big question, is affordable coverage for the elderly available? In fact, YES it can be!!

    Purchase Life Insurance for seniors

    Seniors and Life Insurance ~ Get Back to Living Life

    When you buy life insurance for the elderly,  the more challenges may arise getting affordable coverage. Even if you’re in the market for a cheap burial policy, or final expense for seniors, you may be in a position for higher premiums. This is because your body starts to break down naturally and will be considered a high risk applicant.

    Therefore, the higher the risk, the more adverse impact you will see on price.  However, finding affordable senior life insurance plans and low cost coverage for seniors can be possible with the guidance of an independent agent.

    ABove all, perfectly matching the right carrier and right product to properly protect your family is our goal.  Protecting your family so they do not bear the burden financially in the event of your death.  Most importantly, saving you $$$!!!  So you can go back to living your life.🙂


    What Life Insurance is Best for Seniors ~ Here is What You Should Know!

    Life Insurance for Seniors over 70

    Senior Life Insurance Policy

    There is no single best type of life insurance for seniors. Rather, which type of coverage is best for you.

    Whether you’re older than 55 or not, really depends on why you need coverage and what needs protecting.

    To begin with, the main focus is finding the best coverage for family protection in the event of death. In Addition, your current financial and health circumstances. It also depends on which company offers you the best rates for a given amount of coverage.

    Always make sure to get multiple quotes from different providers before committing to buying a policy. Bottom line, affordable coverage for the elderly is still available. Cheap senior life insurance quotes are vital when on a fixed income. Remember, permanent life insurance will require higher months premiums.

    In fact, level term will be the most affordable and lowest cost. However, the downside is that you may out live it. So if you really want something for burial or cremation then a simple final expense policy will do wonders. If you have a spouse that depends on you financially, then you will want to look into a level term and/or a GUL product.  


    What is The Reason To Get Term Life Insurance For Seniors

    Although it’s less likely to apply for term coverage for older adults than, say, adults in their 40’s, more and more term life insurance for senior citizens is becoming common. Mainly, senior citizens, these days are more conscious of financial security. They want to make sure that all their hard work is not at risk if something were to happen to them. Seniors insurance is the answer.

    The other most popular reason is to pay for final expenses. All in all, funerals cost around $10,000, which is a huge bill to leave your family to pay for. The proper coverage can help senior citizens relax, knowing you achieved the protection your family deserves. In fact, senior insurance plans do exactly that! One thing about term life insurance, it is a level term for 10, 15 or 20 years.


    IS LIFE INSURANCE NECESSARY FOR SENIORS… YES!

    If you pass away suddenly, your family members could be responsible for some major expenses.  Especially if you don’t have life insurance to help shoulder the burden. Cheap life insurance for seniors is an excellent way for the elderly to protect their families from becoming financially burdened with the end of life expenses. Also, term life’s application process is more extensive than a typical final expense or burial policy.


    PROTECTING FAMILY WITH LIFE INSURANCE

    Don’t leave your family with the burden of expenses

    Specifically, a life insurance policy can protect your family from funeral and death expenses, medical bills, and other outstanding debts such as mortgage payments, credit card bills and personal or business loans. Life insurance can also help provide for a special-needs dependent after you are no longer alive to do so.

    So if your looking for over 50 life insurance or a the best carrier for seniors over 65, term life insurance for the elderly may be the most affordable.


    THINGS TO CONSIDER BEFORE CHOOSING SENIOR COVERAGE

    Above all, applying for coverage when you are a senior is very different as you are closer to mortality. First of all, needing to decide how much you want to be covered, funeral, debt, or filling the gap in income for a loved one is very important.

    This way, you can calculate how much life insurance you’ll need to purchase. Life insurance for a burial or cremation varies in price.

    The difference is substantial. Burial ranging for $8,000-$12,000, and cremation ranging from $1,500-$5,000. All final expense is a policy of a small whole life policy.


    IMPORTANT TO REMEMBER ~ PINNACLEQUOTE WILL GUIDE YOU THROUGH YOUR SEARCH BASED ON YOUR BUDGET!

    Equally as important, know your budget. Before shopping around for coverage you should know exactly how much you can afford to pay per month. This will help narrow down your life insurance options.

    Finally, make sure you’re working with the top life insurance companies. It helps if you research which companies specialize in covering senior citizens. This way, you’ll be able to find the most affordable rates and the right benefit amount.


    WHAT KINDS OF COVERAGE ARE THERE FOR LIFE INSURANCE FOR PEOPLE OVER 65

    There are many types of insurance policies for people over 60 to choose from.  For instance, getting the best rates for the elderly varies by your age, health, budget, mortgage, etc. It also depends on the type of policy and the number of years you need. See some of the most popular options below:

  • Term Life Insurance — Coverage for a predetermined amount of time. This is the cheapest and most basic kind of coverage. However, it can be difficult to get for those looking for life insurance over 70. The is a great option to save money and budget for estate planning.
  • Whole/Universal Life Insurance — Coverage for your entire life. Includes cash value build-up opportunities. However, premiums are more expensive than term life insurance for seniors. These plans usually have pretty flexible payment options.

  • CAN YOU GET LIFE INSURANCE OVER 70

    Yes, many are shocked that you can get life insurance after 70 years of age.  Your independent insurance agent will inform you of guaranteed universal life insurance.

    These policies are known as “term to 90″ or term to 100.”  This is coverage guaranteed to a specific age.

     Hence the “term to (insert age) .”During the golden years,  in lieu of traditional policy plans, ask your agent about “final expense” policies.  Like we spoke about previously above.  Remember, this ensures that your family will not burden your debt/burial expenses when you pass away.

    Affordable Life Insurance For Seniors

    Seniors needing affordable Life Insurance


    LIFE INSURANCE FOR SENIORS  ~ WITHOUT MEDICAL EXAM

    Burial coverage for the elderly over 80 would come with a no exam.

  • No Medical Exam Life Insurance — When having trouble getting covered, a no medical exam is always an option. While they are more expensive, you won’t need to go through the hassle of getting a medical exam. In fact, our go-to carrier’s, in this case, would be Foresters, Sagicor and Phoenix Life. They all have great senior products with no medical exam.
  • Guaranteed Acceptance Life Insurance No Waiting Period  — In some cases with certain health impairments or even terminal illness, you won’t be able to get covered for a term policy. However, you can be guaranteed coverage with a guaranteed acceptance policy. Furthermore, these plans will begin coverage much quicker, since the process is less complicated than term and whole life insurance. We have a great product with AIG that will guarantee immediate coverage. There will be a two year graded period with this policy.
  • Burial Insurance — Burial Insurance is one of the most popular policies for the elderly. Cheap Burial insurance will cover all of your final expenses. It’s a very cheap, straightforward, and quick policy.  In addition, it is limited coverage since it is only for final expenses.  It is indeed an excellent option for senior citizens on a budget that does not want their family to pay for their funeral. The most common is burial insurance for seniors over 70. Basic burial and/or final expense coverage, our preferred carrier would be Mutual Of Omaha.

  • AARP LIFE INSURANCE FOR SENIORS ~ CARRIER PROS AND CONS

    What you NEED TO UNDERSTAND…

    The one carrier I would stay away from is AARP term life no medical exam. Unless of course, you want your coverage to go up sooner than later. In particular, if you are a healthy senior, you may want to look at a life insurance with living benefits. Its the protection that pays without dying. Our go-to carrier for living benefits is American National.


    HOW TO BUY A POLICY FOR SENIORS ~ AND HOW MUCH

    Before deciding which kind of senior life insurance is best for you, make sure that you do an adequate amount of research. Again, decide what you want to cover, know your budget, and compare several quotes. From here, you should be able to make a more educated decision on your policy.

    Keep in mind, for life insurance for seniors over 60 can still be affordable! I have seen all too often clients kicking the can down the road and putting it off. Let me be clear, at this age, one ER visit for a dizzy spell will make your rate double! Be smart, take advantage of your good health NOW! While you still have it.


    Mutual of Omaha Life Insurance for Seniors ~ Our Fave Carrier!

    Mutual of Omaha is one of our fave carriers for seniors.  Why?  Because they offer a Living Promise Whole Life Policy.  It has Two plans:

    Level Benefit Plan:

    • For ages 45-85 • Face amounts from $2,000 to $40,000 (in WA, $5,000 to $40,000) • Accelerated Death Benefit for Terminal Illness or Nursing Home Confinement • Optional: Accidental Death Benefit Rider

    Graded Benefit Plan:

    • For ages 45-80 (in NY, 50-75) • Face amounts from $2,000 to $20,000 (in WA, $5000 – $20,000) • This policy contains a graded benefit meaning that for death due to natural causes (any cause other than accidental) during the first two years, the beneficiary will receive all premiums plus 10 percent. After the two years, the full benefit is paid for death due to all causes. Full death benefits will be paid, in all years, if death results from an accidental bodily injury

    Additional Benefits:

    • Accelerated death benefit for terminal illness or nursing home confinement
    • Optional: Accidental death benefit rider

    Exclusion:  The death benefit will NOT be paid out if the insured commits suicide, within 2 years from the contestability date. 


    Life Insurance for Seniors with Health Issues

    If you have have issues and they are chronic conditions, let your independent agent know. Health issues such as diabetes, or high blood pressure that is controlled by diet, medications and exercise will most likely get standard rates.  

    With that said, each carrier will look at you differently. This is why it is imperative to communicate with your agent. They will know which carrier will have leniency and the best rates for you and your budget.

    More serious health issues such as cancer and heart attacks will have stricter underwriting criteria. Again, talk with your agent. Here at PinnacleQuote we specialize in all health impairments. We will be able to guide you throughout the entire process.


    LIFE INSURANCE FOR PEOPLE WITH DIABETES

    When getting to the retirement age of 65 a diagnosis of diabetes drastically increases. In fact, one in four or 25% over the age of 65 are diagnosed. Furthermore, when applying in most cases you will have to fill out a diabetes questionnaire. This is to help the underwriter know the extent of your diabetes, treatment, and age of diagnosis.

    Does diabetes affect life insurance quotes? Yes, it will really have to do with the age of diagnosis, treatment, and your average A1C. In some cases, if the diabetes was not managed properly, or the age of diagnoses was decades ago you may be a decline. If this is the case, then a guaranteed life insurance for diabetics will be the only option.


    Life Insurance For Seniors With Dementia

    Above all, watching a loved one with dementia is very painful.

    In fact, it much is very scary for the person that is living with dementia as they lose a little bit more of themselves over time.

    Getting proper protection when diagnosed with dementia is a challenge. Also, most carriers will be a decline.

    Life Insurance for older adults

    The Best Life Insurance For Seniors

    So, does life insurance cover dementia? In most cases, the only option will be a guaranteed acceptance life policy. For instance, AIG and Gerber have the best GI policies. But it is very important to get these policies at the very beginning of diagnosis as there will be a 2-year graded period.

    This period is the period for which the carrier will refund the premiums paid plus 10% to the beneficiary if the death is caused but illness.


    DEMENTIA ~ AFTER TWO YEARS WHAT HAPPENS

    After the two years, the carrier will pay 100% of the guaranteed death benefit. Also, death due to an accident the carrier will cover from day one.

    So if you need life insurance for a parent with dementia, this may be your only option. Also, insurance for clients with Alzheimer’s falls under the same underwriting. So if there is a history of Alzheimer’s in your family it might make sense of getting long term care for Alzheimer’s patients

    This will save an enormous cash burden on you and your family down the road.


    WHEN LIFE INSURANCE FOR THE ELDERLY DOESN’T MAKE SENSE

    Life insurance for the elderly is not always necessary. In fact, some or all of the following situations may apply to you:  If you are unsure, ask your personal agent to go over this with you.

  • Funeral expenses are already covered
  • Having sufficient savings set aside for golden years
  • Children are not financially dependent on you
  • Having no outstanding financial commitments
  • Having long-term care insurance

  • SHOULD I HIRE AN INDEPENDENT INSURANCE AGENT FOR SENIOR LIFE INSURANCE COVERAGE

    YES, ABSOLUTELY!!! HERE IS WHY…

    Hiring an independent agent is usually a great investment. Life insurance quotes for anyone varies drastically, especially for senior citizens.

    A good agent will know what the best choices are for the elderly and the which are the top companies offer the cheapest rates because they’ll know which insurance companies have the most lenient underwriting towards senior citizens. This will solidify getting the best life quote!

    Independent agents represent many different insurance companies that offer a wide variety of coverage options and quotes. Most on average sell for five to eight different carriers.  Here at PinnacleQuote, we are licensed in 49 states.  Actually, we are contracted with over 50 A/A + carriers.  We guarantee the Best Price, Best Carrier!!


    SHOPPING FOR THE BEST LIFE INSURANCE QUOTES ~ WORDS OF WISDOM BY DANNY RAY, OWNER/AGENT

    Above all, getting one quote and going with it is like selling something on eBay and taking the first bid, it just doesn’t make sense!

    Here is a news flash, every online life insurance site has the same rates!!  ALL OF THEM!! 

    With PinnacleQuote’s connections and their knowledge of the market, we will find you the best-priced policy so those hard earned dollars are placed back in your pocket where it belongs.

    Foresters Life Insurance with Danny Ray

    Danny Ray ~Owner/Agent of PinnacleQuote Life Insurance Specialists

    With PinnacleQuote’s connections and their knowledge of the market, we will find you the best-priced policy so those hard earned dollars are placed back in your pocket where it belongs.

    In fact, calling us will save you a lot of time. Our process usually takes less than 10 minutes.  Our agents do the shopping, you do the saving.

    Above all, the end result is you get the best price, best carrier and the fastest process in the industry.


    WHAT OUR SENIOR CLIENTS CONCERNS ARE, WE WILL HELP YOU THROUGH IT!!!

    Furthermore, an agent can help smooth over any of your concerns. Purchasing life insurance is one of the most important financial decisions of your life. It helps to have someone on your side that is knowledgeable about life insurance. They’ll be able to guide you to get the perfect policy for you, considering your budget, needs, and circumstances.

    Here’s How To Contact Us

    If you have any questions, please feel free to contact us at PinnacleQuote (855)380-3300.

    For more information on Senior Support Network CLICK HERE

    This entry was posted in Affordable Life Insurance, High Risk Life Insurance, Life Insurance, Life Insurance For Seniors. Bookmark the permalink.

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