Welcome to Senior Guide
Senior Citizen Discounts Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
You may also listen to this article by using the following controls.
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 Citizen Discounts News
Senior discount? You have to ask for it - Canton Repository
Senior discount? You have to ask for it Canton Repository Same warning applies to the question, “Do you want the senior citizen discount?” Sure, mistaking a 40-something for a 60-something isn't quite the faux pas as mistaking a potbelly for a pregnancy, but it's still embarrassing for everyone involved. |
Senior citizen park discounts saved by Senate vote - Kansas.com (blog)
Senior citizen park discounts saved by Senate vote Kansas.com (blog) TOPEKA — The Senate has rejected a bill that would have allowed people to buy yearly state park passes with their vehicle registration, but would have also eliminated half-off discounts for seniors and the disabled. Buy a vote of 23-13, senators voted ... |
Senior Discounts: A Gift for the Rich - Boston.com
Senior Discounts: A Gift for the Rich Boston.com Back in 1959, such senior citizen discounts might not have been such a bad idea. The poverty rate for those 65 and older was 35 percent, more than double the rate for those aged 18 to 64. Today, however, the poverty rate for seniors has shrunk to less ... |
When do you 'officially' become a senior citizen? - Mount Airy News
When do you 'officially' become a senior citizen? Mount Airy News Of course, those are things one looks forward to, but there is another, more-dubious line of demarcation people must cross if they are fortunate to hang around long enough, and that is when they become a so-called “senior citizen.” But the question is, ... |
Mokulele Airlines offering last-minute senior discounts - Bizjournals.com
Mokulele Airlines offering last-minute senior discounts Bizjournals.com “I promised the people of Hawaii that we will transform Mokulele into an airline that is focused on its Hawaiian customers,” CEO Ron Hansen said in a statement, “and by offering a new senior citizen discount we are living up to one of the promises. |