What is burial insurance for seniors?

Arizona residents get great options for life insurance

So burial insurance for seniors is a final expense. Whole life insurance policy that typically is used for seniors, of course. So it’s really popular past the age of about 65 or 70.

And the reason why it’s so popular is that a life insurance policy starts to get a lot more expensive as you get older and whole life insurance, AKA final expense or, or barely insurance. those policies. These are a lot more cost effective. They’re designed for seniors. The reason why is they never expire, so you don’t have to worry about outliving the policy.

It’s something that you get at one time. You pay it monthly, and you never have to worry about it. Tiring, unlike other policies such as term or accidental, something like that, those policies do expire or they get jacked way up at cost after the duration of their term. So burial insurance for seniors is a wonderful thing.

It is the solution for seniors so that you have life insurance coverage that is going to be sufficient. It’s going to cover things like burial or cremation. It’s going to take care of those costs for your beneficiaries. Now. A beneficiary is not a spouse, but another family member, then you know, they’re going to be squared away on that.

If you know that, if it’s a spouse, then that insurance money is gonna come to your spouse. Either way, it’s going to happen quickly. They’re going to get that money completely bypasses probate. You don’t have to worry about that. but yeah, burial, burial insurance for seniors, it’s a, it’s a great thing.

So if you have specific questions, I really hope that you do contact me. Hopefully, within about two or three minutes on the phone, I’m able to answer questions and help people out. Be happy to do that for you, or if I can provide it some other kind of a free consultation, just click the button below. I hope this has been a helpful video for you and stay in touch and good luck out there.

 

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Chad McMahan

Chad McMahan

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