However, many seniors choose to purchase a life insurance policy to pay for their final expenses - burial and funeral costs; as well as, other end of life expenses.
But, if you are a senior, you may want to consider buying life insurance for one of the more common reasons seniors get life insurance protection:
1. To leave a legacy to their heirs - family members.
2. To provide funds for their spouse's retirement.
3. To pay off outstanding debts - Home loan, auto loan, or personal loans.
4. To pay for their funeral and burial costs.
The fact is, many seniors may not have planned for their end of life expenses, and do not want to leave their loved ones with the financial stress of finding a way to pay for their funeral and burial. Get a free quote.
If a senior has not saved enough money for these end of life costs, they may want to buy life insurance to make sure their loved ones do not experience any financial difficulties as a result of their death.
Learn more about Do seniors need life insurance?
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