Choice Senior Life Insurance Specializes in Funeral Policies
Your family and loved ones deserve the financial security that comes from senior life insurance. It is your responsibility and obligation to make sure that they have the funeral insurance needed to provide financial support during a difficult time.
Funeral insurance can help your family pay your final expenses. Your beneficiaries may also use life insurance to help them cover medical expenses and other bills.
Guaranteed Issue and whole life insurance policies can be the solution when your family needs it most.
Whole Life Policies
Whole life insurance policies include benefits that are designed specifically to help your loved ones following your passing.
There Are No Medical Exams
Monthly Insurance Premiums Can Never Be Increased
Benefits Never Decrease Due To Your Age Or Health
The Policy Can Not Be Cancelled
The Family Gets The Money Tax-Free
The family can use the senior life insurance benefit in any way that they want. Normally, a trusted beneficiary has been designated that will fulfill the last wishes, will, and testament of the insured. Make sure your intentions are clear.
3 Reasons Why People Choose Senior Life Insurance
Why do seniors need final expense insurance? We have found that there are many reasons why people do what they do. The truth is that each individual has their own reasons why senior life insurance becomes important to them. But after interviewing thousands of clients over the years we have discovered the 3 most common reasons why.
NO MONEY SET ASIDE
They do not have a dedicated amount of money set aside for their funeral and are worried about leaving a large bill behind for their family or loved ones to handle.
Because they are looking to check the pricing on what they currently have in place. They want to see if they can find more value for what they are spending or more benefits than what they currently have.
LEAVE MONEY BEHIND
Because they want to leave behind a legacy. Income for a surviving spouse, money for the children or grandkids. Perhaps a favorite charity.
How We Help You
Carriers know that the baby boomer market is growing. They see that the senior market is in desperate need of funeral insurance protection. As they retire, seniors are losing their coverage from the workplace. Most workplaces do not let retirees continue life insurance coverage. If they do, seniors are finding workplace rates exorbitant.
That’s how we help. That’s where we come in.
Choice Senior Life Insurance works with the best funeral insurance companies to find the best policy that fits your needs and your budget. Every senior has a different story to tell.
Because every senior has a different story to tell, we work closely with you to understand your story and secure the best senior life insurance policy available.
Some seniors are perfectly healthy and live very active lifestyles. Other seniors have some medical conditions that are bothersome but are being taken care of. There are people who have been unfortunate and have suffered through cancers, heart disease or an Alzheimer’s diagnosis.
Carriers Offer Simple Plans For Senior Life Insurance
The simple plans that carriers offer mean simplified underwriting. Involving an interview and a medical bureau check, the process is short and if the right fit, the senior life policy is issued immediately.
The first type of product is referred to as a level policy. This is a policy that is a whole life policy with an immediate death benefit. It has additional riders and benefits that tailor the product to your needs. Some feature accidental death benefit riders and child riders. Most include no cost terminal illness coverage at no extra charge.
The second type of product is referred to as a graded policy. This is also a whole life policy but with a major difference. During the first 2 policy years, the benefit for death by natural causes is a refund of all premiums paid to date plus interest. Begining day 1 of policy year 3 the full benefit is payable to your beneficiary. For death due to an accident during the first 2 policy years, the full death benefit would be paid to the beneficiary.
There is still the third type to consider. Term Life Insurance. Chances are you have carried term life insurance at some time in your life. Many younger people pick up term polices because they are cheap and offer a large benefit for a small premium. Young people, both men & women in good health, can often get great values on term life policies. Carefully shopping, taking medical exams and passing required testing is the road map to cheap term insurance for those that qualify. But all good things come to an end.
We like to say that term policies are terminal. They have an expiration date. Many seniors seeking life insurance are in the seekers’ position because their term policies have ended.
Some companies and carriers will offer seniors final expense policies that have termination periods. We recommend that you avoid this type of policy that ends at age 80.
Age Band Rate Increases
In addition, the term policies marketed as final expense policies are priced to increase dramatically in 5 year age bands. Prices increase every 5 years according to age band. Seniors often find themselves canceling because they can not afford the new higher premiums as they reach the new age band.
|AARP LEVEL BENEFIT TERM LIFE AGE BANDS|
Premiums increase as you enter each new 5 year age band. Premiums are not guaranteed.
The age band ends at age 75-79.
Trying to get a brand new policy at that point is often unattainable because of age or health. Globe Life and AARP are just 2 examples of companies offering term policies masquerading as true funeral insurance policies.
Whole life policies have permanence. They do not get canceled. The price does not increase. They remain affordable according to the budget that you determined when you secured the policy in the first place.
Choice Senior Life doe not recommend term life insurance policies to those people seeking burial, funeral, or final expense insurance.
Most Medical Conditions Qualify For Funeral Insurance Policies
Seniors often begin to have some medical issues. It’s just a normal part of aging. Insurance carriers all have different underwriting schemes and look at each of the conditions differently. Choice Senior Life helps to cut through the noise and find the right company with the right program. Even if you have one of these conditions, don’t stress about it. We can help you secure a policy with level day one coverage.
|High Blood Pressure||Type 2 Diabetes|
|TIA Mini Stroke||Asthma|
|Arrhythmias||Heart Attacks Past 1 YR|
|Chronic Back Pain||Obesity|
THERE ARE SOME BASIC REQUIREMENTS FOR COVERAGE
Senior Life Insurance policies are available ages 45 to 85
Not all carriers are available in every State
Coverages rely on answers to health questions.
You must have a valid social security number.
The insured must be a U.S. Citizen or a current Green Cardholder.
Choice Senior Life is glad to assist anyone looking for the right life insurance product, however, we specialize in helping senior retirees and seniors with medical issues. It is very unlikely for us not to be able to find the right carrier and the right product for you.
About Choice Senior Life
We’re a free, full service, state-appointed Life Insurance Agency that specializes in affordable Final Expense Coverage. We have access to a huge database of the top final expense insurance companies. Trusted ones you know like AIG, Royal Neighbors, and Mutual of Omaha. All of our companies have the most competitive prices, so you can rest easy knowing you’ll be getting the right funeral insurance policy at the lowest price.
We want to make sure you get the coverage that best suits your needs, not ours. Come start a conversation with us here and find out how we can help you keep your family protected. We would be glad to help you discover the best life insurance for seniors.
Receive an instant funeral insurance quote by completing the final expense form on this page. You will get multiple prices from companies in your state.