Life insurance is an insurance company's contract between a person (Insured) and an insurance company (Insurer). In general, upon the passing of the insured the insurance company will pay a lump sum to his/her beneficiaries - - for various reasons, such as leaving a legacy to loved ones (such as grandchildren), a gift to a favorite charity, making sure a family member will continue to receive the financial support that the insured was providing while alive or protecting against estate taxes for high-net-worth clients. Seniors might also look for the death benefit to be used in other ways, such as funeral expenses and outstanding debt, such as potential medical bills that accumulated due to a terminal illness. Below are the basics of the best life insurance policies for seniors:
A licensed agent can help you to compare the best plans for you and find you the most competitive quotes with some of the top-rated companies in the industry. We can help you to find the right insurance solution for your needs. If you are seeking a life insurance policy for a senior, call
One of our experienced advisors will reach out to you. We have worked with individuals and institutions and helped them build and manage wealth.