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    Posted February 2, 2014 by
    peters06
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    Senior Life Insurance - A Time of Decision

     

    Senior Life Insurance - A Time of Decision

     

    Are you coming close to your retirement years? Well, it is time for you to get hold of the best senior life insurance that would prove to be very useful. But there might be many questions that can arise on your min like:

     

    • Is it possible to get coverage at my age?
    • Is it hard to get senior life insurance?
    • Does it prove to be very expensive?
    • What is the qualifying amount of my senior life insurance?

     

    You do not have to panic at all as this article would help you to get all your doubts cleared without any sort of problem. So, try to pay attention to this article to get all the right answers.

     

    Is it possible to get coverage at my age?
    It does not mean that you are ready to give up the ghost even if you are aging. Over the last few decades, there has been an increase of your life expectancy and you can compare today’s eighty year old to sixty just two or three decades ago. So, life insurance companies understand this in a much better way. There might be some companies that has got some limits on the term life plan, but one can readily get permanent senior life insurance which is available up to the age of 85.

     

    Is it hard to get senior life insurance?
    You can find lots of different types of policies that are available which is based on current health conditions. So, you need to make a good research so that you can choose from the best one for you. Medical exam is a must for an elderly life insurance where you need to get a physical test as well. You can also try to opt for death protection insurance as well. Thus, it is not difficult at all to get senior life insurance.

     

    Does it prove to be very expensive?
    In today’s life, everything is expensive. Our perspective and purpose in life change when we all become seniors. It would really be disingenuous to say that senior life insurance is less expensive. It is to be known that insurance cost is more per thousand of coverage.

     

    What is the qualifying amount of my senior life insurance?
    There are different guidelines used by carriers in determining the maximum amount of life coverage. It depends on the current income which includes IRA distributions, rental income, pensions, annuity, social security, wages…etc that decides the guidelines. The normal ratios are:

     

    • 55-59 10-12x
    • 60-64 8-10x
    • 65 and Over 6x

     

    There has been an increase in the senior life insurance and so one needs to make a good decision in order to get hold of the best one for them. It is best to call a life broker that would provide you peace of mind by giving you lots of options to choose the best one! or visit to http://onlineseniorlifeinsurance.com

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