subject: Life Insurance For Seniors To Help With Final Expenses [print this page] There are those among us still wondering if we need to invest in life insurance for seniors. The truth of the matter is that, unless you are independently wealthy or have been extremely meticulous in planning for every eventuality in your financial affairs, life insurance is probably a good investment. Most people do not plan to spend their last days in care facilities or hospitals, and even fewer of us plan for our funerals. These circumstances can often lead to high debts for us, and in turn, those who survive us. It is for this reason that life insurance for seniors is a requirement for most all of us.
We cannot plan for time we may spend in a retirement home, nor diseases which may strike us. We may live out the end of our days in hospitals or rest homes, whether we planned it or not. The bills for these stays can be quite high, and someone will need to pay for them. Unless we are very wealthy, it will be our surviving descendents who must foot the bills for us unless we have a contingency plan. The need for that contingency plan is exactly why life insurance exists to provide for the inevitable, and to make the hard times easier to handle.
Life insurance is available with a benefit as large as you may need, or as small as you want. You can plan to simply cover your funeral, or invest in a larger policy with which to help pay off your debts as well as your funeral. Your life insurance benefit may be paid to any beneficiary you choose like descendents, a favorite charity, or possibly even some of your debts directly. Your descendents may choose to spend the money any way they see fit. Likely, they will pay off your debts and funeral expenses first, and the rest will be divided among your survivors. The money may also make for an excellent inheritance, which can be used to start a business or help them with their own problems.
No matter what your survivors use the left over money for, they will appreciate the fact that you planned ahead. The fact that you had the foresight to invest in life insurance for seniors will make the painful transition easier for your family and will leave a legacy that your family will remember for years to come. Your passing is a hard time for them, and every little bit of help you can provide from beyond the grave will help them to cope better.
by: Katherine Smith
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