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Secrets to Getting Affordable Life Insurance for Seniors

It’s true that if everything else is kept equal, then seniors will be offered life insurance at more expensive premiums compared to somebody well into their 30’s.  This is because the price of life insurance premiums is equal to the amount of risk that the insurance company is taking on your life.  The higher the likelihood of you dying, the higher the premiums become.

But though this may be the case, more and more insurance companies are offering affordable senior life insurance options because the life expectancy of people is now longer due to innovations and advancements in technology and medicine.  Seniors also have the same financial needs as those in the prime of their lives, maybe more actually.  So they will also benefit from taking out a life insurance to ensure financial security.

There are many reasons why seniors may get life insurance and there are now many life insurance options available for them to choose from.  Even if the option is now open for seniors to get life insurance, premiums at the age of 60, 70, or 8o is still high, so seniors can get the best deal if they find the cheapest life insurance policy that at the same time suit their unique needs.  So how do you do this?

Pay attention to your health

When computing for life insurance premiums, underwriters look very closely at the applicant’s health condition and history.  If you are in good health, there’s a good chance that you will get low premiums even if you are already in your senior years.  Capitalize on this and take measures to improve your health before your scheduled medical examination.  Medical values such as your weight, blood cholesterol levels, and blood pressure can easily be improved once you adopt a healthy lifestyle.

Selecting your coverage amount

The amount of your total coverage or the pay-out of the policy will affect the premiums.  When you are already in your seniors, most of the time your life insurance will go to your funeral, the family you will leave behind, and other expenses that you may incur before your death such as medical bills, etc.  Make a computation of how much you want to leave behind to cover for all of these to come up with the right amount of coverage.  Don’t get more than what you actually need and do not make the mistake of getting too little to cover for all your financial needs to prevent being a burden to the family that you will leave behind.

Shop carefully

Don’t be fooled by nice advertising and aggressive insurance agents that will win you over with their empty promises.  If you don’t already have an insurance agent, find someone that specializes in providing seniors with affordable life insurance policies.  Have a family member that you can trust help you go over quotations from different insurance companies.  Compare both the costs and the benefits of each policy and go for whichever will address your financial need as well as fit your budget.

Cheap Life Insurance Quotes

Life is uncertain and the right life insurance policy can provide peace of mind and confidence that loved ones will have what they need to take care of responsibilities. Yet quality coverage can be expensive, and it’s often a challenge to find a policy that fits your needs and your budget. The good news is, cheap life insurance quotes can help you get a clear picture of the type of coverage that’s available and how to find an affordable solution. If you’re looking for supplemental coverage, or just need a less expensive option, here’s what you should know about obtaining cheap life insurance.

A Practical Solution For Every Need

You’re not alone if you’d like to purchase life insurance coverage for a mortgage, business or personal debt. Planning and providing funding for practical every day needs is a smart strategy and exactly why cheap life insurance quotes are in high demand. Many people find that securing additional inexpensive coverage above and beyond a primary life insurance plan is an easy way to prepare for life’s uncertainties without breaking the budget. Besides, knowing that total financial security is within reach is a good feeling and a smart solution.

Compare Your Options

When you’re goal is finding cheap life insurance quotes, you have options. In fact, both term and whole insurance is available, making it easy to find the specific coverage you need.  Term life insurance tends to be less expensive than whole life insurance simply because it’s coverage for a predetermined amount of time- and it eventually ends. By contrast, whole life insurance is coverage for life that accumulates a cash value that can be borrowed against. Comparing your options is the key to finding one that works.

Making An Informed Decision

As is true with all purchases, the more information you have, the easier it is to make an informed decision. Depending on what you’re looking for, inexpensive life insurance quotes are available for a variety of different types of coverage. When you’re ready to explore your options, we’re here to help with easy access and reliable cheap life insurance you can trust.

Term Insurance Rates By Age

If you’ve decided that you’re interested in pursuing a term life insurance policy, you may want to consider comparing a few different providers to secure the best rate. While there are several variables involved in determining premiums, one of the most obvious is age. Term insurance rates by age are easy to find and can help you secure quality coverage you can afford easily and conveniently. Here’s a few tips that will help you make the most informed decision possible.

Age is Not the Only Variable Used to Determine Rates

Searching for term insurance rates by age will get you started, but it is not the only variable insurance providers use to set premium rates. Your current health, as well as any family history plays a significant role in how much you will ultimately have to pay for coverage. After all, life insurance providers are in business to make a profit. They are not likely to offer the same premium rate to people of the same age if one suffers with diabetes and one does not. Poor health does not preclude you from getting a quality term policy, but term insurance quotes are only an estimate until other variables are considered.

Using the Quote Engines

There are plenty of insurance websites available that offer free quotes and promise to deliver the most affordable coverage available. Be a smart consumer and use common sense when searching. Take into consideration the legitimacy of the website you use and never give personal or private banking information to any website, period. Using the quote engines to find term insurance quotes by age is a smart purchasing strategy that can help you identify your options easily and conveniently.

Term Life is a Solid Option at Any Age

As long as you are careful, cautious and smart, finding affordable term life insurance is easy. Remember to consider that there may be other factors involved in determining your premium rate and that term insurance quotes by age could change once other variables are considered. The good news is, term coverage is a solid option at any age and a wise purchase for anyone looking to secure financial protection and security for loved ones.

What Is Burial Insurance?

Two-seniorsBurial insurance is purchased with the intent to defray future costs associated with the death of the policyholder. The policy can cover expenses of a funeral ceremony, along with burial or cremation expenses. It can also cover some final medical or legal expenses. The policy coverage can minimize those final costs which can easily total several thousand dollars for a traditional burial. Burial insurance differs from a pre-paid funeral arrangement with a specific funeral provider, in that it functions similarly to a term life insurance policy.

The underwriting standards for burial insurance are generally less stringent than for traditional life insurance. There is usually no actual medical exam required, although the policy provider is likely to require input concerning current and recent health concerns. Coverage may include exceptions for a death occurring too soon after the initiation of the policy, as well as special situations such as suicide. The face value of a burial policy is usually lower than a more comprehensive life insurance policy, with total burial benefits ranging from about $3,000 to as high as $50,000. The non-taxable death benefit payment would be paid to the designated beneficiary named in the policy.The insurance provider may offer varying options. Some burial plans may include a cash value feature similar to whole life, as well as the possibility of a loan against the accumulated cash value. Some may require several years of level premium payments even as funeral costs rise in step with general inflation. Another plan might become fully paid with a single large premium payment.Burial insurance can be considered an integral part of the an overall financial plan by minimizing the eventual cost of death. The Social Security Administration’s lump-sum payment of $255 for decedent burials is almost negligible. A suitable burial insurance policy can minimize the cost of death and hopefully also ease the concerns of the survivors of the decedent when the inevitable eventually comes to pass.

Life Insurance Without a Medical Exam

Are you looking to secure life insurance without a medical exam? Chances are, you’re not alone. The truth is, with busy lives, hectic schedules and limited time, more and more people are searching for quality life insurance coverage without having to visit the doctor. After all, finding the right plan that’s affordable is challenging enough, who wants to wait weeks for an application process or spend time taking an exam? Here’s how to get the peace of mind you deserve with reliable life insurance- without a medical exam

Explore Your Options With Term Life Insurance

Term life insurance is by far the easiest, simplest and least expensive life insurance available. The good news is, it’s almost always available without having to sit through an invasive and time consuming medical exam. Coverage is offered through top providers at reasonable rates and policies extend from 5, 10, 20 even 30 years. With a quality term life insurance policy, you can rest assured, for every stage of your life, you’re covered.

Easy, Online Quotes

The beauty of searching for life insurance quotes with no medical exam required is that you can easily get online quotes in an instant. Rather than having to settle for an estimate that’s sure to change, or no quote at all, you can get the information you need to make an informed decision now when you need it. That makes comparison shopping for the best rate more convenient and faster. Besides, with advanced quoting technology, you can get information in real time from the most reliable providers. It’s easy, convenient and a much more efficient way to secure the coverage you need without having to guess what the real price will be.

Quick, Uncomplicated Application Process

Finally, with life insurance without a medical exam, you can usually start and complete the entire application process within 24 to 48 hours. For busy professionals and folks who value their time, that’s the only way to shop. From the comforts of home, without long waiting periods or a lengthy approval process, you can be sure that the coverage you’re considering will be there for you sooner rather than later.

Life insurance is a smart financial plan and an easy way to ensure loved ones have what they need in the event something happens. Why wait for a doctor’s note, test results or a lengthy approval process when you can find quality, dependable coverage in life insurance without a medical exam today.

Beware of Companies Promising Immediate Credit Repair

You have seen them all over the place. They advertise on television. You will hear them on the radio. They will send you junk mail. They’ll show up in ads all over the internet. Credit repair has become a big business. While there are a few agencies out there that really are interested I helping you repair your credit, most of them are just going to take your money and leave you with very little to show for it. You especially should be cautious of any that promise to immediate or near immediate improvement to your credit scores.

There is only one thing that will have a relatively immediate impact on your credit scores, and that one thing is to correct any erroneous negative information showing up on your credit report. That’s it. That is the only way.

There are a few significant factors that impact your credit score. They are your payment history, your outstanding loan balances, and the ratio of your current balances to all your available credit. Besides a significant inheritance coming in to pay down your credit balances, there is not much else you can do to quickly improve your credit score.

It’s a lot like weight loss fads. There are a lot of products and plans out there advertising that they will help you to lose weight instantly. In reality, the only way to really lose weight and keep it off takes time and hard work (diet and exercise). Fixing your credit is much the same. There are no quick fixes.

Having said that, I did mention that fixing errors can improve your credit right away.  If you are looking at improving your credit, you need to know what is on your credit report. You can order a free copy of your credit reports from Trans Union, Experion, and Equifax. They are the three major credit bureaus, and they can have different information from one another.

The first thing that you will want to look for are accounts that do not belong to you. You would be surprised how many errors are out there on credit reports.  If you find an account that you cannot account for, you will want to contact that credit bureau directly to have it removed.

The next thing you want to check for is incorrect payment history. Sometimes, one of your creditors may report that you made a payment late, when in fact it was made on time. If you find an error like this, the best way to handle it is to contact the creditor first. Make them aware of the error and ask them to report the correction to the credit bureaus. Usually this is a pretty easy open and shut solution. However, in the event you find yourself hitting a brick wall with the creditor, contact the credit bureau in writing and include as much documented proof of the error as you can. The credit bureau than has 30 days to investigate the claim and make a determination on it.

You also will want to look at errors in your credit balances. Remember that the creditors are not reporting information in real time. If you just made a $2000 payment on a credit card two weeks ago, it will not necessarily be reflected in your balance on the credit reports just yet.

What you are really looking for are significant balance reporting errors. You owe $4000 on your car, but the credit report says $40,000. That’s the kind of thing you want to get corrected.

The last thing you want to check for is unauthorized inquiries on your credit report. Each inquiry lowers your score a few points. It is nothing too significant, but if you have 12 inquiries that are in error, that can make a small dent in your credit score. If this happened, again, contact the credit bureau in writing to get the matter resolved.

Save your money and run away from any agency promising immediate improvements to your credit score. The first step on the road to improving your credit score is reviewing your credit report and correcting any errors.