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Cheap Life Insurance. You Ask Questions! I Give Answers! Part 3Where can I find affordable life insurance for my senior citizen in-laws? I read a post on another website suggesting MediCare, but I am not talking about health insurance. They only have term life insurance tied to their current job and they need to retire. They have no burial policy and each is worried about leaving the other with burial expenses and debts. I have seen a few ads online, but when you get to the fine print, they seem mostly like scams. They probably wouldn't get a very good rating if a health exam were required. Probably $15 -$25K max would be the amount needed. They live in Texas if that matters.
Now with regards to the health exam, you have to consider what a "good rating" is compared to other people of their age. Cheap life insurance is always more expensive when you purchase it at a higher age. For example, a 30 year policy for a 25-year-old would be much less expensive than a 30 year policy for a 45-year-old because the 25-year-old would only be 55 when the policy ends whereas the 45-year-old would be 75 years old. Simply put, the older you get the more likely are to die and therefore the more expensive the rates are. Does any body know of a really cheap life insurance policy for a single parent with children? I have a friend who recently had a loved one pass and the person made no provisions for their final expenses, therefore leaving a mess behind with family members struggling to pay the final expenses. This scared me to death. I'm not making a whole lot of money working but certainly enough to take out a small policy just for now and maybe convert to a larger policy in the future. Any suggestion on what insurance company to go with? I am not looking for $100,000 policy at this point in life but just enough to cover final expense should something unexpected happen.I’ve linked to articles describing how to choose a life insurance and how to calculate how much cheap life insurance you need. I’ve also linked to online calculators to help you figure it out. Deciding how much life insurance is enough is a very personal decision – what’s right for you might not be right for someone else. I’ve also linked to an article about what to look for in renewable term life insurance. Your concentration on the life insurance company is a good idea, since your life or disability policy will only be as solid as the financial strength of the insurance company you choose. After you read the articles below and get a firm idea of what kind of policy you’re looking for, try visiting MostChoice.com. You can compare insurance policies online quickly and speak to multiple insurance agents working in your community – all without any obligation. It’s a quick and simple way to swiftly survey the local insurance market, and MostChoice provides information on more than 140 companies with A+ or better financial ratings. Of course, by now you know my opinion that AFLAC offers some of the best life insurance policies around, as one of the best reputations and industry and will work diligently with you to pick the right policy for your needs. If you are in California, feel free to contact me for assistance. If you are outside of California, visit www.aflac.com to find an agent near you. Understanding and Choosing Life Insurance How Do I Pick a Life Insurance Company? Kiplinger Life Insurance Calculator What Should I Look for in a Renewable Term Policy? Compare Insurance Plans Online and Talk to Agents Can I get cheap life insurance for $200,000 or more?Yes, depending on your health you may be able to get much higher limits than you think, at affordable rates. Term life insurance offers the most affordable option for many people. Term life insurance provides protection for a specific number of years - usually 10, 15, 20 or 30 years. There is no cash value that builds up within the policy as you pay only for the life insurance protection. AFLAC makes the process easy and there's no obligation. We'll help you choose a policy and then you answer some health-related questions to receive an instant quote for affordable term life insurance. Additional Questions about Cheap Life Insurance:
Do you have a great story about this? Share it! Would You Like Consistent Insurance Updates? Be Sure to Subscribe to My Blog!It's my goal to write at least one high quality insurance article for this website every single day so that you can make the most informed choice. You will receive articles about affordable health insurance, universal life insurance, dental insurance plans, accidental insurance plus many others. With this info you can feel that you are adequately armed for bear because you actually will be. Again, be sure to subscribe to my blog/RSS feed for the best and latest insurance information! Decoding Insurance Termsaggregate stop-loss coverage: A type of stop-loss insurance that provides benefits when a group's total claims during a specified period exceed a stated amount. For other common insurance definitions, check out our health insurance glossary. Here's an insurance news article that I came across recently...I think that you will find it really informative so definitely check it out. Just remember to come back here afterwards! |
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Again, I am totally biased, but I know that AFLAC has a product that will meet your in-laws needs. That said, if they can up their policy through their work, that would be their best option. That's because whenever you purchase insurance through your employer it is not taxed until the policy is cashed in.
