There are many types of life insurance available, including burial insurance. Burial insurance, also referred to as funeral insurance, is typically a permanent policy which offers death benefits between $5,000 and $25,000. They’re designed to provide funds for families to pay for funeral and burial services. This guide was developed for people who are seeking.. Read More
The Importance Of Covering Senior Citizens
Seniors have a much different perspective than youngsters when it comes to life insurance. Both the products and what they are intended for, as well as the companies they use, may be completely different than their children's or grandchildren's.
For example, many young people don't need to think so much about estate planning. Because they are growing into their working years, starting their families, and planning for things like children, student loans, and college, more prominent worries like charitable giving and leaving a legacy just don't hold as much value.
But for a senior citizen who is nearing or already in retirement, these woes are significant. The information in these archives relate to the most common aspect of planning a senior's life insurance portfolio.
The pension maximization strategy is a dying breed since qualified pension plans have become scarce with the rise of defined contributions plans, like 401(k)s. However, for those in their pre-retirement years now, using a pension max is still a very real possibility as you age forge your retirement plan. The method making the most out.. Read More
Thinking about charitable giving with life insurance, but not exactly sure how it works? While it may not be the first idea which came to mind, a life insurance policy provides an excellent opportunity for donating to charitable causes offering benefits for both the charity and the donor. As you plan your future, especially your.. Read More
Life insurance offers an excellent tool for managing an estate and the care of loved ones, namely seniors planning for their families. The policy is only the tip of the iceberg. Components such as the naming of a beneficiary and additional riders can customize it to fit the individual’s needs. For small estates, it can.. Read More
If you’re a senior shopping for life insurance, your new policy could be the last one you’ll ever own, so it’s essential to get it right. When we’re assisting someone to find the perfect life insurance policy as a senior, we focus on three key factors, in this order: Company Selection Product Type Value First,.. Read More