Term Life Insurance Q&A
- Why should I choose BeyondQuotes?
- Which companies do we represent?
- Is BeyondQuotes licensed where I live?
- Is my information confidential?
- Do you only offer rate quotes?
- How do we choose which companies to represent?
- How much Term Life Insurance do I need?
- What are "level" policies?
- What should be the term length?
- Is it worth insuring my spouse on my policy?
- Can you explain the difference between Term and Whole Life plans?
- I suffer form a pre-existing condition. Can I still be insured?
Applying for a Policy
- How do I apply for Term Life Insurance?
- How do I find the best value plan for my needs?
- What is the waiting period between applying and coverage?
A new life after retirement
Nowadays, people often prefer to work even after reaching retirement age. It's not just for earning money but the fact is that they like to keep themselves occupied. They don't like staying at home twiddling their thumbs and instead want to do something constructive. Life insurance for seniors can help such elderly folk realize their dreams even after retirement.
It has been reported that in the US that the percentage of working people above 65 has increased to 12.8% in the last decade. This is probably the highest rate since the year 1979. Senior life insurance enables the oldies to live their life on their own terms because they receive retirement benefits.
Restart your Career with Senior Life Insurance
It's all in your hands. If you want you can sit back at home after retirement and enjoy sipping your coffee or tea at leisure, or you can choose to rebuild your career. After spending several years in any line, you would want to continue your journey in the same sphere or might want to take a different road. You can do this easily with the help of senior life insurance that gives you retirement benefits.
You can buy life insurance for seniors right from the comfort of your home. By spending enough time on the Internet, you can obtain insurance quotes from various insurers who deal in life insurance for seniors. There are lot of companies that offer diverse plans for life insurance for seniors based on the budgetary requirements of the customers. If you are lucky, you can also enjoy retirement benefits with senior life insurance plans.
When buying senior life insurance, it is imperative that you know how much insurance you need and for how long. This will give you an idea that which plan will best suit your needs. On the basis of this information, you will be able to shop for the best life insurance for seniors plan.
Life Insurance for Seniors
A life insurance policy can help you realize your dreams. If you have started a new venture and taken mortgage for this purpose, an insurance coverage will help you pay it when it's due. Senior life insurance doesn't make you dependent on your children. If you have bought a life policy, it will take care of all your financial needs in your old age.
Most of the seniors do not try getting insurance thinking they will not be given one. But according to the new rules and regulations, even older people should be granted life insurance coverage. Some of the companies take a medical examination to know the current health of the applicant. But there are others who offer it without a medical exam.
You can avail amazing discounts with life insurance for seniors. Usually, online insurance sellers offer great deals to customers. Therefore, it is always wise to check the Web for prospective deals.
You can either go for term life insurance or whole life insurance. If you do not have adequate funds, it is better to purchase term life insurance protection because it is relatively cheap. The insurance plan enables you to live without asking for money from your children. And upon your death, your spouse or whosoever the beneficiary is, will get a death benefit.
All their financial needs can be taken care of with the help of the death claim that they receive from this insurance. This money can also be used to cover funeral or burial costs, home or mortgage loans, medical bills, and any outstanding expenses, if there are any.