subject: Senior Life Insurance – It is Easy to Get Senior Life Insurance [print this page] Senior Life Insurance It is Easy to Get Senior Life Insurance
Senior life insurance qualifications are not as complex as they may seem. Many life insurance companies are known for their tough application processes, medical examinations, and denying anyone who is not in perfect health or is too old. Senior life insurance is very different. It is designed to pay the expenses right after death like funeral arrangements, medical bills, and legal fees. The costs of senior insurance are far less than many traditional life insurance policies. The coverage for senior polices is far less than other life insurance and this is what keeps the monthly premiums down. Life insurance is notorious for being hard to get for anyone who does not fit the exact picture of perfect health and youth. Luckily, senior life insurance qualifications are not that stringent. Many senior insurance companies will continue to issue insurance to applicants up to the age of 75. Perfect health is not necessary. Many companies do not even require medical examinations or ask medical history questions on their applications. This makes it quite easy to get the insurance and many people are taking advantage of this fact to get some supplemental insurance to cover costs that occur at the time of death.
Senior life insurance is for the costs of funerals and other immediate end of life needs. Medical bills are often an issue at death as are legal fees and many other details of funeral preparation. Senior insurance goes beyond paying for caskets and cremation. They also can be written to cover flowers, ministers, airfare for out of town guests, etc. The best part about senior policies is that they pay out almost immediately, whereas life insurance policies often take months to distribute benefits. Some policies pay out less than a few days after the claim is made or even after the death occurs. Senior life insurance qualifications make it easy to take advantage of these great benefits.
The costs of senior insurance are far less than other life insurance programs. They cost less because they are valued much less than most life insurance policies. They are designed to cover costs of funerals and some other immediate expenses. They generally do not cover other considerations like day to day living expenses for survivors, or large debts like mortgages, cars, or credit cards. This keeps the monthly premiums down very low, sometimes even less than $10 per month. Senior life insurance qualifications are just one of the many great things about applying for insurance.
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