These days, folks are living longer than ever before. While that’s a good thing, it’s costing most seniors more than expected after retirement, leaving less available for end of life expenses and final bills. If you’re over age 55, you probably know firsthand how challenging it can be to secure a quality life insurance plan. Luckily, there are options. Whether you’re looking for additional coverage or you’re in need of an affordable policy for a fixed amount of time, term life insurance for seniors may be exactly what you need.
Term Life Benefits
Term life insurance is a great way to provide financial security for loved ones after you are gone. Many people rely on it to pay for a mortgage, college tuition, unpaid credit card debt, even the costs associated with caring for an elderly family member. In other cases, term life insurance for seniors offers an easy way to fund a life insurance trust which may help family members manage estate taxes. Often, children of aging parents purchase term life insurance policies naming a parent as the insured.
Term Life Insurance is Affordable
Despite what you may have heard, term life insurance for seniors can be obtained at an affordable price – you simply need to know where to look. In fact, if you’re in good health and looking for a short term solution, term life insurance can be a very affordable option. At United Life Group, we have experts who can help you find the right policy to balance the right amount of time with the right coverage to protect your loved ones.
Comparing Plans for The Best Rates
One of the most important things to remember about term life insurance for seniors is that you need to compare policies to get the best rates. United Life Group professionals have the resources to help you compare benefits from several top providers, ensuring you can easily find the perfect plan to suit both your individual needs and your budget.
At United Life Group, we make it our business to help you with yours. When you’re ready to explore your options, give us a call. Term life insurance for seniors may be just what you’ve been looking for as an affordable alternative to costly permanent life insurance.