how much life insurance do seniors qualify for

How Much Life Insurance Coverage Do You Qualify for as a Senior?

Life insurance is a form of insurance which provides a death benefit to your beneficiaries when you pass away. It can provide financial aid in the event of your death to your family members, to help:  Pay off existing debts Leave a legacy for your family Cover the costs of final expenses Provide income to…
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how to calculate how much burial insurance you need

How to Calculate Final Expenses and Burial Expenses

No one likes to think about death, let alone their own death. But with minimal planning, you can prevent your loved ones from being saddled with an unexpected financial strain during their time of grief. With an affordable life insurance policy, you can protect your family against unnecessary debt and fights. Instead, take out a…
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when should i convert my term life insurance

When Is The Best Time To Convert A Term Policy To Whole Life?

Deciding whether to purchase a permanent life insurance policy or a term life insurance policy is a personal decision that you have to make based on your financial needs and financial goals. Life insurance, if you use it properly, can be a flexible and powerful financial tool that allows you to meet multiple objectives simultaneously.…
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reasons seniors buy life insurance

Reasons that Seniors Buy Life Insurance

The older you are, the bigger the risk you pose to life insurance companies. For this reason, it is imperative that seniors buy life insurance sooner rather than later. The longer you wait, the few other options you will have available to you because of your age or your health. Moreover, the longer you wait…
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Burial Insurance For 60 Year Olds

When you reach your sixties, your financial obligations change. You might have a second mortgage for a second home or you could still be paying off the tail end of your first mortgage. You could have children who are permanently dependent upon you, a spouse who is also permanently dependent upon your income, or perhaps…
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no exam burial insurance

Burial Insurance With No Medical Exam

Burial insurance is a form of whole life insurance issued by one of many different life insurance companies. With a burial insurance policy the amount that your beneficiaries receive, called the death benefit, is going to be much lower than most whole life insurance policies. Traditionally companies offer $25,000 or less for a burial policy.…
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what is final expense insurance

What is Final Expense Insurance? – Pros and Cons

Final expense insurance is a form of permanent life insurance which is designed to cover all of your final expenses. Most life insurance policies are designed to cover any fiscal amount of expenses you might have. Final Expense Insurance requires no medical exam to obtain coverage, and can also be offered in the form of…
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is burial insurance tax deductible

Is Burial Insurance Tax Deductible?

Let’s be honest, if you made it to this article, you likely have a working knowledge of burial insurance, or already have a policy. We will keep this brief introduction to burial insurance quick. Burial insurance is a form of minimum life insurance, a whole life insurance policy. That means it lasts for your entire…
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no waiting period burial insurance

Burial Insurance With No Waiting Period

Burial insurance is a form of life insurance which gives you a limited amount of coverage typically between $2,000 and $25,000 designed specifically to cover the cost of your burial or final expenses. This money is intended as a last resort in relation to the other life insurance policies that are out there. More often…
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