By James Parsley. There’s a lot of misconceptions floating around out there about life insurance, especially Senior Life Insurance. Far too often, people accept what they hear at face value.
Here are the most common myths about senior life insurance, and what the reality is.
Actually, they can. While not all insurers will offer life insurance to a senior, many offer life insurance no matter what your age. It’s simply a matter of calling me and asking about your options, and what might be available to you. It’s true that you may not be able to get the lowest possible premium, but if you just want to be covered, you’ll generally be able to secure a policy that fits both your budgets and your needs.
2. Seniors Don’t Need Life Insurance
This is probably the most unfortunate of all the myths we hear about senior life insurance. Many people will tell seniors that they don’t need to spend the money on life insurance for any number of reasons, but all of these approaches boil down to: Why do you need life insurance anyway?
The answer is that life insurance is for those you’ll be leaving behind someday. Life insurance helps cover funeral costs, for example, and takes at least that level of stress away from your family during a time of grief and pain. You can also use it to help provide for other expenses, such as estate taxes.
We’re all in it together!!!!
3. I Can’t Get Life Insurance If I’m Sick
This isn’t the case at all. Many assume that all life insurance requires a medical exam, and that you can “Fail” this exam like it’s a high school test. The truth is that there are many different types of life insurance available, for people in all degrees of health. It is true that if you have certain conditions or problems, life insurance will likely cost more than if you were in perfect health. But outside of very extreme conditions, life insurance companies will offer you some form of policy.
4. The Only Life Insurance Available Is “Lifetime” Insurance
It’s not uncommon for people to believe permanent life insurance is the only insurance, but the truth is that you can also get life insurance that only covers you for a set period of time, such as ten years. This can be a great option for seniors, as it can have lower costs and allows them to renew or cancel the policy after a set period of time.
5. Life Insurance Costs a Fortune
While everyone looks carefully at the cost of insurance, the truth is that you’ll probably be surprised at just how cheap life insurance actually is. Many of us vastly overestimate the overall cost of purchasing and maintaining a life insurance policy.
If you’re looking for quality insurance to cover funeral costs or simply to help your family after you move on, consider Final Expense Plans. We’ll help you find the policy that’s right for your needs and budget, and give you quotes quickly and easily. Life insurance is a tough topic: Don’t let it compromise your family’s need.
Contact me today for a quote or visit our web page.. Just click on home at the top of our blog page. Our Toll Free number is 800-780-7762. We are not a Call Center!!