Life expectancies are longer, and the expenses that the death benefits were earmarked to take care of are hanging around longer too. You may be retired, but you haven't retired your mortgage. Without a pension, your spouse may need an extra financial safety net after you die. And what if your children aren't self-sufficient?
While you still have the remainder of your current life insurance policy, it may be smart to start looking at your options.
Below are a few options available to those over 50 that don’t require a medical exam if you are a healthy or at all.
Final Expense
Life Insurance Coverage ranges from $50,000 to $5,000. Usually no exam is needed. We have access to 5+ carriers to meet this need.
Mortgage Protection
Amounts vary. Term insurance is available at 60+ years old. There are 20+ carriers available for this need.
Pension Max
When retiring, you have options in deciding the amount of money they receive a month from pension payments. If healthy, you can elect to choose the “Life Only” option. This gives the you the most monthly income, but it goes away when you pass away. Life Insurance will kick in at death to provide income for the surviving spouse. There are 20+ carriers available for this need.
Business Life and Charitable Giving
Depending on the circumstances, we have 20+ companies to fit this need. Charitable giving can be used for churches, universities, schools, nonprofit organizations, grandchildren, great grandchildren, etc.
While you still have the remainder of your current life insurance policy, it may be smart to start looking at your options.
Below are a few options available to those over 50 that don’t require a medical exam if you are a healthy or at all.
Final Expense
Life Insurance Coverage ranges from $50,000 to $5,000. Usually no exam is needed. We have access to 5+ carriers to meet this need.
Mortgage Protection
Amounts vary. Term insurance is available at 60+ years old. There are 20+ carriers available for this need.
Pension Max
When retiring, you have options in deciding the amount of money they receive a month from pension payments. If healthy, you can elect to choose the “Life Only” option. This gives the you the most monthly income, but it goes away when you pass away. Life Insurance will kick in at death to provide income for the surviving spouse. There are 20+ carriers available for this need.
Business Life and Charitable Giving
Depending on the circumstances, we have 20+ companies to fit this need. Charitable giving can be used for churches, universities, schools, nonprofit organizations, grandchildren, great grandchildren, etc.