Life insurance for seniors
Posted in Senior Life Insurance 11 months ago, 10 replies
Or maybe companies don't even sell life ins for the elderly?
submitted by JoAnne in Atlanta Georgia US
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Or maybe companies don't even sell life ins for the elderly?
Life insurance depends on not only age, but health. Depending on how old they are and how healthy they are they should be able to get a policy. However, it will be expensive. You might want to shop around using an online life insurance brokerage that can compare multiple rates at a time. Good luck.
submitted by Byron Udell in Wheeling, IL
@ August 04, 2008 - 02:36 PM
Reply
You may want to try Lincoln Heritage Insurance and Senior Life Ins.
You can choose a life insurance quote provider online and compare rates and plans in minutes.
Some leading insurers include Northwestern Mutual, Prudential, and Mass Mutual.
For plans that do not require a medical exam there is Gerber Life, Globe Life and Stonebridge Life Insurance.
Make sure to review all exclusions, and find out if the benefits offered are graded benefits.
Your life insurance rates will depend on several factors, including your age, gender, amount of coverage, type of policy, your health, your family's health history, and if you're on medication.
You can learn more about different options online for seniors life insurance plans.
Some leading insurers include Northwestern Mutual, Prudential, and Mass Mutual.
For plans that do not require a medical exam there is Gerber Life, Globe Life and Stonebridge Life Insurance.
Make sure to review all exclusions, and find out if the benefits offered are graded benefits.
Your life insurance rates will depend on several factors, including your age, gender, amount of coverage, type of policy, your health, your family's health history, and if you're on medication.
You can learn more about different options online for seniors life insurance plans.
Why do you want them to buy life insurance? What is the goal we are working toward in purchasing a policy?
Answering those questions will clear up what exactly your should do in this situation.
Answering those questions will clear up what exactly your should do in this situation.
Not all policies are equal.
When looking for life insurance quotes it is important to not only understand the type of policy (term or permanent if possible given their age) but the purpose of insurance, income or death benefit. In addition, understanding the exact medical conditions of the people being insured is critical since different insurance companies treat different disorders very differently. For example I have a client who was rated at a cost three times higher with Lincoln than with ING since this elderly woman had asthma since she was a child. ING did not care but Lincoln did.
The issues that concern seniors are many and if you do not work with a specialist who only deals with life insurance for seniors you could very well not only pay too much, but buy the wrong policy.
My business is only working with seniors concerning their life insurance needs. I would be very happy to talk to you about any questions you may have.
Tim Stoner
When looking for life insurance quotes it is important to not only understand the type of policy (term or permanent if possible given their age) but the purpose of insurance, income or death benefit. In addition, understanding the exact medical conditions of the people being insured is critical since different insurance companies treat different disorders very differently. For example I have a client who was rated at a cost three times higher with Lincoln than with ING since this elderly woman had asthma since she was a child. ING did not care but Lincoln did.
The issues that concern seniors are many and if you do not work with a specialist who only deals with life insurance for seniors you could very well not only pay too much, but buy the wrong policy.
My business is only working with seniors concerning their life insurance needs. I would be very happy to talk to you about any questions you may have.
Tim Stoner
I have been thinking about getting into senior insurance. Any advice? Reply to rickbennett2211@hotmail.com or call 208-651-1808 Thanks for your time.
Rick
Rick
submitted by Rick Bennett in Spokane Wa
@ November 21, 2008 - 04:58 AM
Hi, Tim,
I'm exploring purchasing a life insurance policy for my father, dob 3/1/37. I'd love to speak with you about companies and prices. Please let me know how I can contact you.
Thank you.
I'm exploring purchasing a life insurance policy for my father, dob 3/1/37. I'd love to speak with you about companies and prices. Please let me know how I can contact you.
Thank you.
submitted by Debbie Massey in New Jersey
@ January 18, 2009 - 05:23 PM
Hello there,I am Looking for Life Ins For My Mom who cant afford alot, but wants to make sure I dont have to woory about Buring her. Please feel free to contact me @ nanny_48220@yahoo.com.
Thanks
Thanks
submitted by Dawn H in Ferndale, Mi
@ February 13, 2009 - 12:51 PM
Rick,
If you want to specialize that can be a very successful way to go, but you better know what you are doing and learn that market so other people will want to come to you help them. Also this can be a great way to build a network since you can give eachother business.
Take a look at my web site - www.stonerfinancial.biz - that is what i do.
Call me if you want to talk more
If you want to specialize that can be a very successful way to go, but you better know what you are doing and learn that market so other people will want to come to you help them. Also this can be a great way to build a network since you can give eachother business.
Take a look at my web site - www.stonerfinancial.biz - that is what i do.
Call me if you want to talk more
I just got a quote for my elderly mother for WHOLE life insurance (she is age 84) and the monthly premium was $352.69=benefit of $25,000.
In five years, at $352.69 that came to approx $21,161.14(close to the benefit amount) so let's say she saved this amount in the bank (the difference being) that if she died any time "prior" to the 5 years it would take her to accumulate the death benefit amouht, she would only have what she saved at the time of her death, one year, two years from now, for example, So it would be better to have insurance than not, she would have $25,000 upon death if she died before 5 years. Although TERM would be cheaper than WHOLE life and would be more suitable to her situation (age)
Oh and this quote came from a very WELL KNOWN and very REPUTABLE insurance company
She had started alot of insurance policies in the past and unfortunately never kept up witih them.
My father was very smart when it came to insurance and had a number of policies (with exceptional companies) in his lifetime, Metlife was one.
In five years, at $352.69 that came to approx $21,161.14(close to the benefit amount) so let's say she saved this amount in the bank (the difference being) that if she died any time "prior" to the 5 years it would take her to accumulate the death benefit amouht, she would only have what she saved at the time of her death, one year, two years from now, for example, So it would be better to have insurance than not, she would have $25,000 upon death if she died before 5 years. Although TERM would be cheaper than WHOLE life and would be more suitable to her situation (age)
Oh and this quote came from a very WELL KNOWN and very REPUTABLE insurance company
She had started alot of insurance policies in the past and unfortunately never kept up witih them.
My father was very smart when it came to insurance and had a number of policies (with exceptional companies) in his lifetime, Metlife was one.