Low Cost Life Insurance
The importance of getting a low cost life insurance !
Being without life coverage in your 50’s is a considerable risk! If the worst scenario happens and you lose your life, your family will be under considerable financial strain, especially if you are the main income provider in the house. Beside funeral taxes, which can amount to a considerable sum, your family will have to make ends meet without your monthly salary. Furthermore, if you do not buy life coverage in your 50’s you’ll miss out on a lot of advantageous policies, which may not be available to you if you grow older.
What options are available?
First, it is important to keep in mind that you are never too old for insurance! In many states agencies are obliged to insure people up to the age of 65, if their medical state makes them eligible. It is important to check with you state laws to see what other advantages the law offers you.
Term life insurance is an accessible option for anyone who is over 50. This policy offers coverage for a limited period, but the premiums are very cheap! An average male can get 100,000$ coverage for just 15$ a month.
If you are suffering from a terminal illness and you have been refused coverage, you can purchase a no exam term life insurance! This policy will not ask you for a full physical examination, instead you’ll just complete a short questionnaire. You will be asked simple general questions related to your health.
Advantages and disadvantages
Life insurance over 50 is affordable and very advantageous! At the age of 50 most couples get used to a certain style that two salaries can provide. If you lose your life, your spouse will have a hard time covering the expenses alone.
Let’s not forget about your children’s education! Life coverage can keep your children in college if you lose your life!
Since age plays a part in determining the cost of a policy, the longer you wait the expensive life coverage will get. As you age, you are more susceptible to diseases and medical problems, which can make you illegible for life insurance. You will still be able to get coverage by buying no medical exam insurance, but the premiums will be much higher and the coverage a lot smaller!
How can we help?
We do not sell life insurance of any type, but we can help you get insured! Our website provides the best quotes for low cost life insurance! For the best offers, visit our website!