Senior Life Insurance for the 70+ Crowd
For those in their 70s and beyond, life insurance is an important financial planning tool that can provide peace of mind for both them and their families. Senior life insurance, also known as burial insurance, is specifically designed for older adults who may not be able to obtain traditional life insurance due to their age or health.
Life insurance for seniors over 70 policies typically provide a fixed death benefit that can be used to cover funeral expenses and other final costs. These policies are typically less expensive than traditional life insurance policies and require no medical exam, making them ideal for seniors who may not be able to pass one.
Additionally, these policies often have accelerated death benefits, which allow policyholders to access a portion of their death benefit while they are still alive in the event of a terminal illness or long-term care needs.
For seniors who are looking to provide financial protection for their families, senior life insurance can be a great option. It can help to cover funeral expenses, final medical bills, and other costs associated with the end of life. Additionally, the flexibility of these policies makes them ideal for seniors who may not be able to obtain traditional life insurance.
Whether you are looking for financial protection for yourself or your loved ones, senior life insurance is a great option for seniors over 70. With its low cost and flexible terms, it can be a great way to provide peace of mind for you and your family.