Life insurance: Insurance policy, for which a person pays a premium to an insurance company. According to his death, the life insurance policy pays people from the beneficiaries of the agreed amount.
While there are several types of life politicians, there are two significant components of life insurance: premium. All affect the other.
WAITH OF DEATH – This is what the insurance company will pay when the insured Die, failure this amount depends on the Andricts., which is a process in which the insurance company estimates its risk.Some of the reasons for the subscription may include the age of people, the general health condition, the previously existing conditions, and if a person has a job or participates in activities that can be dangerous (such as diving or flying plane) .
A Premium is the amount of money a person pays monthly to your insurance policy.As a general rule, the policy premium will be greater when a person has more recently existing health states, or policy pays a higher amount.
When the senior provides a life insurance policy, you will assign one or more beneficiaries. These are the people who will pay the insurance company in case of the death of people .
Easy to get life insurance as a senior?
While while there are some statistics statistics on the simplicity of the acquisition, there are some aspects of the security of life, which can make a more complex policy purchase (but not impossible) for the elderly: p>
Price: Traditionally, insurance of life will be cheaper for young people.Sometimes, the provision of life insurance policies can be underestimated for the elderly; Premium premium may be so much that it does not have a financial sense for a person.
Payment: The life insurance policy usually includes payment for a longer time for a greater amount of payment.Since the old woman, the life expectancy is not as long as the younger man, may have a greater difficulty to provide a sufficiently high delivery to make the policy stand.
Some insurance companies may not offer policies to the elderly, because they also consider them a high risk of insurance. However, some companies will offer to These politicians of the elderly.
.How many lighting is available for the elderly?
The amount of life insurance coverage for the elderly varies according to the company, age of personality and popular health.The company will use these and other factors to determine the offers of products available. Then, they will help jump a person, how many coverage companies can offer a company compared to the number of people you want to pay.
In our studies, we have seen a policy reached up to $ 20 million. However, it will have to have health, financial stability and the ability to pay Higher prizes to guarantee this policy.
This life insurance is achievable for poor health.
Life insurance providers often consider your general health Determine if you offer a policy and how much you will pay for the policy.If it is not in good condition, the provision of policies can be clear more difficult.
Examples of conditions Generally study a policy life insurance policy:
High blood pressure
> High cholesterol
smokers / copd
If you have or other previously existing conditions, you can guarantee that the security of the life insurance policy is more complex. You can also have to have to have Pay a higher monthly premium for your policy.
This is important to be for rent, as far as possible about your previously existing conditions with your insurance company.You can also describe how you manage your conditions, for example, how often you consult a doctor, medications you accept, and other ways to care for your health.
.How much is life insurance for the elderly?
What is the difference between the term and life insurance?
Term and whole life insurance are two different types of politicians.
Life insurance at term is a policy that extends for a certain time, for example, from 10 a 30 years.The policy does not have a cash value, and, therefore, it is usually less expensive compared to all life insurance.
Full life insurance is a policy that provides insurance coverage for your entire life.They can also have a cash value assigned to them, which will allow you to withdraw some funds if necessary (but it will reduce the potential payment below).
The best policy for you may depend on your life insurance goals, affordable terms and what type of type you can pay.
Why should life insurance take into account?
Traditionally, life insurance is young in the unlikely occurrence of your death to help ensure financial support to the spouse or children.
However, there are several times when life insurance for the elderly can be a good search.Examples of real times include:
When an older parent has a special adult child: A life insurance policy can provide additional financial support.
When an adult child was a primary callier for an older father and may need financial support if the parent passes from the parents
when the family may need help to pay the property tax roots, funeral,o Burial costs for the elderly who pass
How do we choose the best life insurance for the elderly
We review 20 insurance companies that offered policies to people and evaluated the company taking into account the elderly, focused on the Presence of guarantee.Adoption rules, additional riders and a variety of political options. Each company was supposed to offer 60-year-old policies, and all companies should have had the best rating of A. M. M.Greater to indicate financial stability for payments.In addition, we have chosen companies that offer life insurance policies in the 50 states and the Colombian area to provide the highest coverage assortment.