1. Sense of security-at the age of 50 most of people gets retired and their pensions are also not enough to share the expenses of the living cost. And if somehow your partner dies then their sufferings will be increased. But if you have over 50 life insurance then you can have the feeling of security that your living partner will not have to face many problems.
2. Medical cover-with the increasing age, people become prone to the severe ailments thus their medication and hospitalization cost usually rise. Thus if you will buy life insurance over 50 in combination with critical illness cover, it will surely helps you.
3. Back up for the family left behind-If god forbids someone meets the untimely death then his or her family has great chances of facing big issues especially when that person was the only earning hand. So this type of life cover will act as the backup for your family.
4. Funeral expenses-This type of cover also prove helpful for that family to arrange the cost incurred on the funeral of the sudden death of the person.
Thus we can say that buying the over 50 life insurance is not at all a bad deal. And the other very significant and attractive feature of this policy is that it does not need any medical test. On the other hand you might get gift vouchers when you register for such policy just to encourage the potential customers. Here are some quick guidelines about this policy-
1. The filling form is not all complicated; it will just require your personal details.
2. Low premium rates. You can start almost with $10 as your premium amount.
3. Qualifying period may vary from 12 months to 24 months.
4. Non smokers can avail some extra discount because they are tending to live more.
At the need it is completely your own choice about which do you want to buy, because everyone has its issues in mind while looking for insurance policies. But if you are above the age of 50 and you are in condition of paying high premium rates then over 50 life insurance policy is best suited to you as it will give you benefits for low premium rates thus its better to have something than nothing.
Nice post. Absolutely its a good idea to have a life insurance policy even if a person is above 50. There is no loss in making out this policy as this policy will benefit a person by providing so many types of coverages, most of which you have listed. Even its the most simplest policy to be made.
ReplyDeletebusiness liability insurance
hi i saw ur messages on life insurance, can we share ideals together if u don't mind
ReplyDeleteIf anything, we want to leave a little something behind for them, particularly if they are financially dependent on us. That's where over 50 life insurance comes in to its own.
ReplyDeleteMost of good life insurance companies offering the very reasonable smoker life insurance policies as per their rules defined. It is good if you forgo smoking then you can easily reduce the insurance policy rates. Most of the companies have made it mandatory that you must have forgone the habit of smoking two to three years before. But some of them are not considering it. So if you are interested in a life insurance policy which is quick as well as effective then they will provide you best services.
ReplyDeleteYour post is a very convincing one.. I think that it is a clever step to have a life insurance policy in order to protect my child future.. thanks for opening my eyes :)
ReplyDeleteביטוחי חיים
Definitely right. Thanks for the idea. I think , over 50 life insurance is worth considering. It's easy to avail and hassle free.
ReplyDeleteAustin Life Insurance
This should have been the Grand Prize winner. Much more visual and realistic than saving frogs on a log.
ReplyDeleteTablet PC
Cost of Life Insurance Cost of life insurance ultimately depends on many factors including your age, gender, weight, if you’re a smoker, the amount you wish to take out, the period you plan on taking it out for, whether you’re a healthy weight, have an illness (terminal or not) and whether or not you work in a hazardous environment.
ReplyDeleteCost of Life Insurance :-Cost of life insurance ultimately depends on many factors including your age, gender, weight, if you’re a smoker, the amount you wish to take out, the period you plan on taking it out for,
whether you’re a healthy weight, have an illness (terminal or not) and whether or not you work in a hazardous environment.