Are you over age 50 and looking for an affordable term life insurance policy?
Today, more and more people over the age of 50 are purchasing life insurance coverage.
Having life insurance not only brings peace of mind, but it can also provide for your family if anything were to happen to you. Life insurance can provide your family with the funds they need to cover all of your final expenses after your passing and maintain your family’s lifestyle.
We’ve all heard those sad stories about families being left with thousands of dollars of debt after their loved ones passed away unexpectedly.
Between the cost of a funeral, credit card debt, mortgage payments, student loans and car payments, your loved ones could be left buried under a mountain of debt they cannot pay for.
That’s why affordable life insurance can help give you peace of mind knowing your loved ones will be financially secure and not burdened with financial problems after your passing.
You can find affordable protection even if you have health issues.
Getting life insurance over the age of 50 is much more common than you might expect.
Many people who bought term life insurance in their 20’s, 30’s or 40’s may have policies that are expiring in their 50’s or 60’s but may still need life insurance beyond that age.
Others may be getting married for a second time and may need life insurance protection for their new spouse. And, you may need life insurance to cover a new mortgage so that your spouse and kids can stay in the house by providing funds to pay off the home mortgage.
Is Term Life Insurance Right for You?
If you’re looking for affordable coverage or life insurance protection for a period of 30 years or less, then term life offers you the coverage you need at a price to fit your budget.
Example of Level Term Life Insurance
10 year $250,000 policy with annual premium of $500
This means you pay $500 each year for 10 years and you have $250,000 of life insurance protection that will last for 10 years.
If you pass away during the 10 year term before your policy ends, your beneficiary will receive the death benefit proceeds of $250,000 free from federal income tax.
You get to choose who will receive your life insurance payout (beneficiary) for example it may be your spouse, partner, children, grandchildren, or anyone else.
Many people who buy life insurance choose term life coverage.
Why? That’s easy, because term insurance provides you with the largest amount of life insurance protection at the lowest possible premium.
If you’re looking to save money and get the most insurance for your money, and you’re OK with being insured for a specific number of years, then you’ll want to apply for term life insurance coverage.
Do you want to purchase your life insurance policy without having to take any health exam?
If so, you may want to consider Globe Life which offers you the option of purchasing your life insurance policy direct online today without any health exam, there’s just a few health questions asked.
Highly Recommended – Globe Life Insurance
$1* Buys $100,000 Globe Life Insurance
Buy Direct. Monthly Rates as low as $3.49 for Adults/$2.17 for Children.
Final Expense Life Insurance
If you’re life insurance goal is to cover the cost of a burial and funeral, then you’ll want to get a final expense life insurance policy.
Final expense insurance offers amounts of life insurance coverage from $3,000 up to $25,000.
These policies last your entire lifetime and are specifically purchased to pay for the cost of final expenses so that you don’t leave a financial burden to your loved ones when you die.
Highly Recommended – United of Omaha
United of Omaha offers guaranteed acceptance whole life insurance for people age 45 to 85. Choose $3,000 up to $25,000 of coverage. Rates start as low as $8.80 per month. There’s no medical exam and no health questions. You cannot be turned down. You can get a quote and apply online now. START HERE to get a FREE Quote.