F or people over the age of 65 life insurance can be hard to get and very important at the same time. Because it’s natural for one’s health to deteriorate over time, obtaining life insurance as you get older also gets more difficult. When you apply for a life insurance policy you have to undergo health underwriting and answer the health questions, also you have to get a physical along with the appropriate blood work.
The best bet for a senior looking for life insurance is to work with a life insurance specialist who represent many companies and can find the best rate with the best company. Also the specialist should know what health questions each carrier will ask.
The pricing on life insurance increasing as you get older. Unfortunately for folks who are past the age of 65 will pay more for life insurance, even if they are in good health. Pricing will vary depending on health, location and the insurance company offering the life insurance policy. Again, the best way to get the best price is to work with an independent broker.
Other Types of Insurance For Seniors
Along with life insurance, seniors have to worry about other insurances as they age. Most importantly, Medicare insurance. Medicare supplement insurance is the best type of insurance to help pay for what Medicare does not cover. I recommend that any senior concerned about Medicare insurance, talk to Alex Wender at Bluewave Insurance Services. He is an independent broker and works with all the top carries and plans such as Aetna Medicare supplement insurance plans. He also helps folks who are in need of life insurance as well.
Cancer Insurance is also a top concern for seniors. Cancer insurance is designed to pay if the insured is diagnosed with cancer. With the rise in cancer cases across the country, have a cancer insurance policy can help ease the pain and pay the bills.
Dental and vision insurance can be handy for some people as well. It is important to know that Medicare does not pay for vision and dental coverage so many folks obtain their own policies to pay for cleanings and eye check ups. These policies will vary between companies so do your homework when selecting a plan. They can be confusing so pay attention to the small print!
Unfortunately, anyone over the age of 65 will pay more in premium for their life insurance compared to someone who is younger and in the same health. The best way to find a good plan is to work with a broker. Also. seniors also have to deal with other types of insurance such as cancer insurance and Medicare insurance. The best way to get help is to work with a specialist or broker who can help you get the best plan at the best price.Read More