How To Get Cheaper Life Insurance Over 65 Years?

It is difficult to find life insurance for over 65 year olds. Most insurance agencies do not insure people who have passed that age. However, there are policies that offer coverage to seniors. Most of these plans have a small value and they are used mostly to cover funeral costs.

insurance-over-65There are several ways in which you can get cheaper life insurance over 65 years, but they require time and patience.

1.       Contact an insurance broker

Seniors older than 65 years face a difficult challenge when it comes to purchasing life insurance. You will need professional help to find a good plan. An insurance broker can help you find a policy that is right for your situation. They can be contacted online or by the phone. Remember to contact an independent broker who works for more than 30 insurance agencies.

2.       Compare quotes

Comparing quotes is a simple and effective way of finding cheaper life coverage. By comparing policies against one another, you will have a better understanding of the market. Because of this, you will be able to choose the best price. Comparing quotes can be done via the internet, for free.

3.       Purchase final expense insurance

Life insurance for over 65 year olds can be bought through a final expense policy. It is a small value policy, but it can be useful when paying for funeral costs. The premiums are not expensive, but they are not cheap either. It is an affordable plan and it does not require a medical examination.

In order to qualify for a plan, you will need to answer a few questions about your medical state. Seniors who have not been declared terminally ill and those who do not suffer of cancer or AIDS are eligible for coverage.

4.       Quit smoking

Smoking doubles or even triples your life insurance rates. If you smoke as a senior, it may be difficult to quit such an old habit, but it is in your and your family’s best interest. Improving your health is, after all, the best way to get cheaper life insurance rates!

If you need a life insurance plan, you need to compare quotes. We can help you by finding the best offers! Visit us for a free quote!