Welcome to Senior Guide
 |
|
 |
|
 |
Senior Article
This is a selection made from among articles on Senior. For a permanent link to this article, or to bookmark it for future reading, click here.
6 - Seniors life insurance
from:Do you really need seniors’ life insurance?
Many seniors worry that they do not have enough life insurance to meet their final needs. Others worry that they are too old to get good, reasonably priced life insurance. Seniors life insurance is sometimes called final expense insurance. Research will show that there is affordable seniors’ life insurance on the market. One reason for the affordability of seniors’ life insurance today is the fact that more persons are living longer. Before committing to purchasing seniors life insurance, do determine the following:
* What are your financial goals
* How much can you afford to spend
Seniors life insurance can be purchased for persons aged fifty-five to seventy-five. Deciding between the different types of seniors’ life insurance available can be a challenge, but insurance agents or brokers can help to demystify the insurance landscape. Additionally, the savvy senior or someone acting on his or her belief can search online and get free quotes before making a final decision.
It is good to also know that many seniors’ life insurance options cover most medical expenses. Seniors’ life insurance can result in big savings for medical expenses, especially if you are suffering from chronic illnesses. The major expense apart from housing fro most seniors is housing.
Most seniors’ life insurance policies offer special incentives such as:
* No medical examinations
* Death benefits that will not decrease after a set number of years, normally between two and three years depending on the insurance company. If the insurer dies before the two or three years, the beneficiary gets only a portion of the sum insured.
* Fixed monthly premiums throughout the life of the policy, that is, the premium will never go up
* Many offer cash value on the tax deferred portion, that is, you can borrow money against that portion
* Allows the individual to sell his or her seniors life insurance policy for cash. This is becoming a lucrative business and provides seniors with much needed income for immediate needs. This is known as life settlements.
Seniors life insurance policies are also a good way to help your beneficiaries pay taxes on land or property left to them upon your death. Based on your next worth, death taxes can be quite high.
Seniors’ life insurance helps seniors live without the worry that their loved ones will be left to deal with their debts and funeral expenses. Spouses know that seniors’ life insurance can provide the financial strength their partners may need to continue to live comfortably. So, regardless of your age it may well make economic sense to take out a seniors’ life insurance policy to help your loved ones cope with any financial issues that may arise.
Senior News
Price grabs Senior Players lead - Sports Network
 GolfDigest.com | Price grabs Senior Players lead Sports Network - Timonium, MD (Sports Network) - Nick Price posted a four-under 66 on Saturday to jump into the lead after the third round of the Senior Players Championship ... Constellation Energy Senior Players Championship: Third-round notebook Nick Price takes Senior Players lead Three share lead at Senior Players |
Crenshaw has edge on Funk after 2 rounds of Senior Players ... - Carroll County Times (subscription)
 GolfDigest.com | Crenshaw has edge on Funk after 2 rounds of Senior Players ... Carroll County Times (subscription), MD - But Crenshaw is the leader at the Senior Players Championship after firing a 4-under 66 on Friday and edging Maryland native Fred Funk at the tournament’s ... Crenshaw takes lead in Senior Players Championship Crenshaw in front at Senior Players Crenshaw Takes One Shot Lead At Senior Players Championship |
Turkish air raid targets senior Kurdish rebels in Iraq: army - AFP
 AFP | Turkish air raid targets senior Kurdish rebels in Iraq: army AFP - ANKARA (AFP) — Turkish warplanes bombed Sunday a Kurdish rebel hideout in northern Iraq where senior militants were believed to be, the army said. ... Warplanes in airstrike on Kurds |
Texas Rangers Name Former Catcher Sundberg Senior VP - AHN
 Dallas Morning News | Texas Rangers Name Former Catcher Sundberg Senior VP AHN - Arlington, TX (AHN) - The Texas Rangers promoted former catcher Jim Sundberg to senior vice president, the team announced Friday. He has been with the Texas ... Texas Rangers promote former catcher Jim Sundberg to senior VP Rangers name Sundberg to senior VP position Rangers promote Jim Sundberg |
Senior Center News - Bellevue Leader
Senior Center News Bellevue Leader, NE - Bellevue Senior Center will be closed Monday for Columbus Day. Reservations for lunch next Tuesday must be made by noon Friday. The annual flu shot clinic ... |