Senior Life Insurance Quotes You Can Trust

If you are senior and searching for senior life insurance quotes you may be faced with a lot of questions. There are so many resources available on the internet today, and so many website where someone can obtain senior life insurance quotes. The landscape of senior life insurance is always changing as new companies enter into the marketplace with new products.

With all the different options available to a senior it can be overwhelming to shop for affordable senior life insurance quotes without the right guidance and aid of an experienced independent life insurance agent.

Why A Senior May Still Need Life Insurance

We work with many seniors who are still looking for affordable life insurance coverage, which may be baffling for a younger person who does not understand why a senior would need senior life insurance quotes. One of the main reasons people still need life insurance as seniors is because people are living longer, and still taking on financial obligations later in life. In most cases, seniors are considered to be age 65 and over.

We speak with many clients 75 and over, and even those who are 80, who still have substantial liabilities such as a business, a second mortgage, are still working, or who are looking to provide funds for final needs for loved ones. Even those who are 50 and over, who still have a lot of working year remaining need to begin to think about what they want for their life insurance portfolio, in case their health is failing.

We often speak with local clients who have taken on a second mortgage later in life. These seniors often are considering a life insurance policy to ensure their spouse or family will be able to continue to keep the second home in the event of their passing.

Life insurance is a perfect tool to use for protecting a mortgage.

We would recommend matching the mortgage amount to the face amount of the life insurance policy, and match the duration of the policy to the duration of the mortgage in order to provide accurate protection.

The primary reason we supply senior life insurance quotes is for final expenses such as burial, medical expenses, and estate purposes. When most people think of life insurance, they think of final expenses. Seniors have most likely experienced the death of a loved one, and many seniors have felt the financial impact a family members passing can have. With funerals climbing in excess of $10,000 it can be a large burden left behind, without the ownership of life insurance. Seniors do not want to leave this behind for their children or other family members to deal with.

The reality also is most people do not pass away without accumulating medical expenses. These medical expenses could be very costly and could become the responsibility of the family of the deceased. At Waterway Financial Group we also have the ability to work with you and your family regarding complex estate cases, in which life insurance can be an effective estate planning tool.

Some senior life insurance quote sites will collect your information and sell it to a multitude of life insurance call centers. The next thing you know you are bombarded with phone calls and multiple options you do not understand. Unfortunately, this tends to overwhelm people and they decide to stop searching for life insurance altogether, leaving their family unprotected. When you apply for a life insurance quote through our online quoter you will instantly see real time life insurance quotes from multiple life insurance companies. This shows you what options you have, and the ability to shop without any sales pressure. We understand shopping for life insurance is a process and you may want more than one quote, which you can easily get through our website. If you do find a policy which fits your needs, you can even begin the application process online.

After submitting a life insurance quote request on our site you will be contacted in a prompt manner by our team of licensed and experienced independent life insurance agents. None of your personal contact information is sold to a call center, and you will only work with one point of contact throughout the application process who you can contact whenever you have a question about your senior life insurance quote application. Being an independent agent, we shop your rates for you, and have no preference on what company you decide to apply with. Our goal is to make sure you get the coverage you need, and make sure you fully understand your life insurance purchase. Every situation is different, which is why we offer a multitude of customized life insurance options.

Reasons To Get Coverage

One of the largest misconceptions in the life insurance industry is people stop needing life insurance at a certain age. However, this could not be further than the truth. We are at a point in history where people are living longer than ever, and the need for life insurance is stretching longer than it ever has. As people are aging, they are still taking on large financial responsibilities. Some of the most common reasons why someone would consider senior citizen life insurance include:

These are just a few of the many reasons why a senior may be interested in purchasing senior citizen life insurance. As people continue to live longer due to better lifestyle decisions and medical technology I am sure this list will continue to grow. No matter the reason, we can help design a senior citizen life insurance plan which will achieve your stated objectives.

Senior Citizen Life Insurance Options

Most of the people we speak with are surprised to hear of the many options which exist for senior citizen life insurance. Depending on your age, all of the most common life insurance options may still be available. The most common types of senior citizen life insurance include:

  • Term Life Insurance (age dependent)
  • Whole Life Insurance
  • Universal Life Insurance
  • Guaranteed Universal Life Insurance
  • Final Expense Life Insurance
  • Guaranteed Issue Life Insurance
  • Survivorship Life Insurance

As you can see many options exist in the senior citizen life insurance marketplace. It’s no wonder people usually don’t know what they are purchasing, especially since all of the complicated lingo used by life insurance companies.

All of these plans have their advantages and disadvantages which is why it is so important to work with an experienced agent who can help explain each plan.

By some questions regarding your age, financial goals, and protection needs we can help make a recommendation of a plan which will not only be durable now, but also into the future as well.

Obtaining A Life Insurance Policy

If you are senior citizen you undoubtedly get tons of mail and see multiple offers on television for senior citizen life insurance. With all of these offers, how can you make sure you are getting the correct policy, and a good deal? My first tip is to work with an experienced life insurance agent who has worked with these types of policies. The second aspect is working with an agent you can trust.

When shopping for a policy, you want the best deal which is why working with an independent life insurance agent is a great thing to do. An independent agent will give you access to multiple carriers and be able to offer a policy for your situation, at the best rate. We do not work with any company exclusively which is why we are able to keep our clients needs first.

If you, or a loved one, is a senior citizen searching for life insurance we are here to help you evaluate your various options.

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