Tuesday, April 27, 2021

Colonial Penn Life Insurance

Colonial Penn offers affordable guaranteed issue life insurance plans for people between the ages of 50 to 85 years old.

Guaranteed issue life insurance, means you can't be turned down for coverage if you meet the age requirements, can pay the premium, and live in a state where the life insurer offers the plan.

There is no health examination required for Colonial Penn guaranteed acceptance whole life insurance, and you won't have to answer any questions about the status of your health.

In fact, you can request a free quote for coverage and apply for your life insurance policy today.

Friday, April 23, 2021

Medicare Supplement Insurance

Medicare Supplement Insurance is a form of private health insurance that helps cover certain Medicare out-of-pocket costs such as deductibles, copayments, and coinsurance. 

Over 14 million Americans had a Medicare Supplement Insurance plans in 2018.

Medicare Supplement insurance is available to those people age 65 and older enrolled in Medicare Parts A and B and in some states to those under age 65 eligible for Medicare due to disability or End Stage Renal disease. 

Medicare Supplement Insurance Plans are not connected with or endorsed by the U.S. government or the federal Medicare program.

Monday, April 19, 2021

Guaranteed Universal Life Insurance

 What is a Guaranteed Universal Life Insurance Policy?

It’s a form of permanent life insurance. Permanent insurance is designed to last throughout your entire lifetime, no matter how old you live to be.

With guaranteed universal plans, your premiums are set at one rate for the duration of your life, or a limited payment period. 

Is Universal Life Insurance Guaranteed? 

Not always. GUL assures that your rates will not change, despite changes in the market. Without GUL, premiums might change if there is a major change in the market.

What is the Difference Between Whole Life Insurance and Universal Life?

The key difference between the two policy types is that GUL insurance allows flexible premiums. In many cases, this is due to a reduced cash value when compared to whole life policies.

Learn more about guaranteed universal life insurance plans.

 

Friday, April 16, 2021

Cheap Life Insurance for Adults

 What is the cheapest type of life insurance available for adults?

It's called "Term Life Insurance" because it provides temporary life insurance protection lasting for a set period of time, usually up to 30 years.

With term life insurance, you may choose a policy term of 10, 15, 20, 25 or 30 years of protection depending on how long you need your life insurance to last.

Term life is "Pure Protection", meaning it only provides a seat benefit, there is no cash value or investment feature with term insurance policies.

Learn more about finding cheap life insurance for adults.

 

Monday, April 12, 2021

Is Life Insurance for Life?

It depends on the type of life insurance plan you purchase.

A term life insurance policy is for life, if you pass away during the duration of your policy term, which is 30 years or less for term life coverage.

However, permanent life insurance (which costs a lot more) provides lifetime protection, no matter how long you live.

So, make sure you consider how long you need your life insurance policy to last in order to accomplish your goals, before choosing a plan.

Learn more about Is Life Insurance for Life and how life insurance works.

 

Thursday, April 8, 2021

Life Insurance for Final Expenses for Seniors

 Is there life insurance available to cover final expenses for senior citizens?

Yes, seniors may purchase guaranteed issue final expense life insurance plans to cover the cost of their final expenses.

These plans offer up to $20,000 or more of life insurance with no health exams and no health questions asked.

Your approval for coverage is guaranteed if you meet the age requirements.

For example, one insurer offers guaranteed approval for people between the ages of 45 to 85 years old.

Learn more about life insurance for final expenses for seniors.

 

 

Sunday, April 4, 2021

Life Insurance for 70 Plus

 Is there life insurance available for people age 70 and over?

Yes, in fact, people in their seventies may be able to purchase term life, permanent life, or guaranteed issue life insurance policies depending on their age, health and the requirements for approval of the insurers.

Even if you have been turned down for life insurance from other insurance carriers, you may still be able to get insured for life insurance in your seventies.

Learn more about buying life insurance for people age seventy and over.