Life Insurance For Seniors - Final Expense & Guaranteed Issue
Hello, Chris with Boise Health and Life Insurance Agency. Hey, I know we've been focusing on life insurance here with the last few posts.
But did you know that we are a full-service health and life insurance agency helping you with your individual group, health insurance, Medicare Advantage, Medicare supplements , dental insurance, disability, annuities, and, of course, life insurance?
But if it's insurance, we can probably help you out with that. We have a property and casualty division as well, where we can help you out with the home, auto, and business insurance. Anyway, So today we are talking about senior life insurance. So this is one of my favorite products to help out folks for those final expenses and to make sure that things were taking care of. We need to know that we can pass on peacefully knowing that our loved ones are not encumbered with a bunch of debt for some little, you know, little things. Small debts and finale expense costs!
Look on life insurance quotes, go to the life insurance tab in the website there, and there's actually ah, quote engine indebted right here in the web page. And you can start doing quotes right here on the website, and what we're gonna do is let's just click on here and we're going to go ahead and get going with the quotes! So I'm gonna use a dummy name. Well, that's actually my real name there, So I'm going to be, uh, standard here.
That's good That's a good rate. I just did a video on smokers Life insurance. It does increase your rates. It's typically doubled, if not more. So just let that be known height and weight here. This will help us figure out a rate class or give us some guidelines. I've been a little under the weather. Hopefully, I'm about to 15 now. Okay. So I mean, so I'm gonna put in a fictional date of birth here, but you put in your real one.
Uh, this you put me in about at each 58 so this will be the quote page. So from here, what we're gonna want to do is we're gonna want to click on permanent. They so highlight that it will be blue. You can see how these rates change. And then for final expends seniors life insurance, we go down to 5000 as a minimum facing out, and you can see that. So that's what it's gonna leave you with Their and weaken. Typically go up to about 40. About 50,000 typically.
So let's just put in 30,000. That might give us a couple of different products here. Yeah, so this is, Ah, fully underwritten. Guarantee universal life. It's the whole life product in the final expense. And so let's go and look at these. Let's let the final expense and I'll tell you a little bit about so we will need your email on your phone. Don't worry, we don't pester you here. If you don't want doctors, that's fine. We're just here to help.
Okay, so when coming here when you take a look at the different products that we will have available, Okay, so here we can change your death benefit so we could go down to around. Sometimes we just need 25,000 final expense products there. Make sure that's selected, so that's what we mean by final expenses. They were Senior Life insurance is basically the amount.
It's basically the mountain and the underwriting, so you can see here this underwriting there's no medical exam with this Oxford life policy. They'll ask you some questions over the phone, and they may order records. Okay, so that's gonna depend on the way you reply to their questions. And, um and the answer is that they get okay, so and all that really means is they may. It's gonna probably take longer.
OK, but you can see that monthly right there for 25,000 is 92 71 united of Omaha. We've all know, remember them? Same thing. You're gonna go through a phone call, and but you're not gonna need an exam. They may order medical records. Okay, Uh, these are not Garrett. What I called guaranteed issue because there can be some health issues. And then here are Gerber $154.00 monthly premium.
This no examines all, and they may look at your medical records reviewed, but this is a guaranteed issue. It's guaranteed acceptance. Okay, uh, you no matter your health issues, you can get coverage here, and it is agreed. Death, benefit, Meaning. If anything happens in the 1st 2 years, you're gonna get your premiums plus 10% okay that you've paid into that policy. So it's basically the 1st 2 years is a return of the premium type of product plus 10%.
If you live the past two years, you do get the full death benefit after that. Okay, So anyways, folks, it can be confusing the quote, uh is probably sometimes not the easiest to do this with. But just send us a message and we can pop in here. Let us know your budget, what you're working with, and we can work something out to make sure we try and get you some coverage and not leave your loved ones with some final expense bills and imperial costs.
Well, thank you, and have a great day. Give us a call and visit our website .
Why Do Seniors Need Life Insurance
As people age, their insurance needs to change. While some types of insurance are no longer needed, others become more important. One type of insurance that seniors should consider is life insurance.
There are several reasons why seniors need life insurance. One reason is to cover final expenses, such as funeral costs and outstanding debts. This can be a burden on loved ones who are already grieving.
Another reason to have life insurance is to replace lost income. If a senior is still working, their death could create financial hardship for their family. Life insurance can help ensure that bills are paid and living expenses are covered.
Finally, life insurance can be used as a way to leave a legacy. By naming beneficiaries, seniors can direct how their policy proceeds will be used. This can be used to support a favorite charity or cause or to provide for future generations.
How To Get The Best Life Insurance For Seniors
As you age, it becomes increasingly important to have life insurance. But, finding the best life insurance for seniors can be tricky. Here are a few tips to help you get the best coverage possible:
- Know what type of life insurance you need. There are two basic types of life insurance: term and permanent. Term life insurance is typically less expensive and provides coverage for a set period of time, usually 10-20 years. Permanent life insurance is more expensive but offers lifelong protection.
- Shop around and compare rates. Life insurance premiums can vary significantly from one company to the next, so it’s important to shop around and compare rates before buying a policy.
- Consider your health status.
Boise Life Insurance For Seniors
Life insurance is a vital part of financial planning for seniors. It can provide peace of mind and financial security for loved ones after the policyholder passes away. There are many different types of life insurance, so it’s important to choose the right one for your needs. Here’s what you need to know about life insurance for seniors.
Whole life insurance is the most common type of life insurance. It provides lifelong coverage and builds cash value over time that can be used as an emergency fund or retirement savings. Whole-life policies are more expensive than other types of life insurance, but they offer more stability and security.
Term life insurance is a good option for seniors who want coverage for a specific period of time, such as 10 or 20 years.
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Original post here: Boise Life Insurance - Seniors Life Insurance Policies - Quotes & Rates