Many retirees are used to having life insurance offered by their employers, but once they retire…there goes their life insurance. But by that age, isn’t it to late to get life insurance? No it’s not. In this article we break down the different types of life insurance options available to seniors.
There are 3 types of life insurance available for people of Medicare age:
Final Expense (also called Burial Insurance) is a type of whole life policy that is designed to cover funeral expenses.
Guaranteed Issue life insurance does not disqualify you based on your health, but will have some conditions in order to qualify for the full death benefit.
Term life insurance covers a set duration of time (ie. 20 years).
Yes, there are types of life insurance that do not require any health questions in order to qualify.
Have questions? We can help! Give us a call and we can walk you through all of your options today!
For 40 years, our family has been helping seniors understand their Medicare benefits and find the best plan for their unique situation – the best part? Our service is always 100% free to you!
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Easier on video?
Reading about Medicare can be confusing…Thats why we took all the important parts and put them into an easy, free video.