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Senior Life Insurance

Senior life insurance is meant to take care of final expenses, funeral preplanning, casket and cremation options, and income protection by means of a permanent policy. One of the best options is a joint life insurance policy. As you grow older, your life insurance needs will shift from those of a younger individual to more terminal needs. Senior life insurance clients often need more permanent policies with smaller increments than the term insurance policies utilized by younger families. If your children are grown and you are retired or nearing retirement, you have needs for final expenses, funeral preplanning, casket and cremation options; additionally, your spouse may need some income protection. All of these needs require permanent insurance, so that you and your family can be guaranteed a payout. If you have discretionary funds, senior life insurance may present a wise investment opportunity for you.

Why? Senior life insurance policies are very cheap! If this isn’t enough to persuade you to examine a senior life insurance policy, perhaps the fact that many policies do not even require an in-person examination will. People aged 50-80 years are allowed to take out policies. Furthermore, premiums often stay the same for as long as you hold the policy.