However, life insurance applications are often denied by companies when an individual has certain health problems, participates in a dangerous job, or has intentions of indulging in risky hobbies. Coverage on your life can still be claimed by the means of guaranteed life insurance.
Guaranteed Life Insurance For Seniors Over 50 To 80
These types of life insurance policies are generally issued by the people who are completely underwritten by traditional life insurance over 80 for senior citizens. The coverage under this type of policy is covered for life regardless of your age or any other issues.
The amount claimed after the demise of the insurance holder is sufficient to cover the cost of the funeral or any other expenses which the individual was due to pay. These may also include the payment of additional hospital bills, funeral services, and the cost incurred on burial.
Guaranteed Issue Life Insurance for Seniors without Medical Exam
It is a great option for all retired people to consider as it relieves the family of the burden of paying for the funeral expenses. The cost of planning and executing a funeral range from $7,000 to $10,000.
Thus, it is imperative that we plan ahead for the future by making an investment on guaranteed life insurance right after retirement in order to save a substantial amount as our Final Expense. Contact the professionals today to avail more information about the concept of Guaranteed Insurance policies and how it actually works.