Life Insurance for Overweight People

Overweight is a curse and this is also true for life insurance premium. Those who are obese or overweight, usually pay higher life or burial insurance premium as they are considered risky candidates by life insurance companies.

Overweight causes a lot of problems including heart diseases, which is one of the major concerns among many people in the world including the USA. The recent stats show that the number of overweight people is increasing in an alarming rate especially in the developed countries. Due to an unconscious busy lifestyle and unhealthy food habit, people are putting up pounds in their body. They become tired after office and forget to take out some time to go for a walk or run.

Obese or overweight people can still get affordable whole life insurance, term or another type of insurance. You just have to ensure that you are working with an agent who is aware of the most forgiving carriers for overweight persons. Choosing the right company as well as the right policy will help you to save money significantly.

Life Insurance and Weight Issue:

If you want to get affordable life coverage, you have to lower your weight or get into shape. For this, you should exercise and eat balanced meals to lose weight in a healthy way. You need a plan to lose weight. For this, you may consult with a nutritionist in order to learn how to lose weight in a healthy way. When you change your diet, your body needs time to adopt with this. This is why it takes time to shed off the fat from body and get to the standard shape. The best life insurance rates are given to persons who have better body weight for their height.

If you have a term life insurance policy already and lost some weight while looking to get life insurance for obese people, you need to report this immediately to your carrier. This can help you to pay a reduced premium as most companies give lower premiums once a weight loss can be verified.

Keep in mind though that it generally does not help if you lose weight immediately before applying for the life insurance because the companies will average your body weight over the past twelve months.

Overall, it is very much possible for you to get affordable life insurance for overweight, but weight loss will be even better for your health and insurance premiums.

Getting Cheaper Life Coverage for Elderly

It can be a difficult task to find affordable or cheaper life insurance when you are 50 and over. However, this does not mean that it’s impossible.

How to Get a Cheaper Life Coverage for Elderly People?

The first thing that you have to do when looking for affordable life insurance for senior people is to find a good insurance agent. Choose someone with experience in this area as he or she will have the right connections to get you an affordable plan that can satisfy your needs. That person should understand your financial condition, demand and offer you a better deal after thoroughly researching different life insurance companies and their rate. This is something they are doing for years and thus it should not a tough job for them. But remember that, the financial advisor should be an independent agent so he doesn’t come up with something being biased. This is where you need to be very careful. You can also ask for recommendations from your colleague or friends in this regard.

Another way to get cheaper life coverage is to just buy what is important as insurance needs will change as time goes by. People typically need less life insurance as they get older because they have much less financial obligations. In your case, your children might leave out of the nest, you have no mortgage to pay and your retirement investments are secure. You could save a lot of money if you don’t overbuy.

Lastly, age groups are priced differently by different life insurance providers. For this reason, some will offer much better prices and be a lot more competitive than others. You can take full of this resource when buying life insurance for elderly parents by getting a lot of quotes. Today with the help of internet you can easily do this job. Just try to search for some decent coverage online and you should get them as easily as ever. Every insurance company has their own official websites where you can collect all the information you need. Also, you can talk over their phone number if needed. These days, one hardly needs to visit the insurance company office physically.

Please note that, cheaper policy doesn’t always come with the best support and service. So, try to get coverage from a renowned life insurance provider even with slightly higher rate. Always avoid newly launched insurance company who are offering something which are too good to be true.

Funeral Insurance

A funeral insurance policy, also called a burial insurance, is designed to provide coverage that will cover the amount that a family needs when their loved one pass away. This policy cost just a minimal amount monthly but it will pay enough to ensure that the arrangements for your funeral are paid for well in advance.

It could take care of details such as the funeral service, flowers, casket or coffin, the preparation and embalming, the funeral home, church, transportation, opening and closing of grave plot or site, headstone or grave marker, and even the obituary inside the newspaper. So, you see there are a lot of arrangements that need to be made by family after death. This is why some people buy insurance from funeral home so they take care of everything properly and family doesn’t need to involve in it a lot.

Types of Coverage and Cost:

There are different policies for funeral insurances and they usually pay out full benefit. However, the insurers don’t have a standard type of burial or funeral insurance policy and the coverage amount varies and will depend on the amount that you want to pay for the final expenses. Thus it is tough to mention a specific amount that you need to pay monthly for burial insurance, but approximately a senior up to 80 years should get decent coverage including all basic features and benefits by paying $10-15 per week.

You could buy a burial insurance plan from a funeral director or insurance broker. This policy can cover specific products and/or services. This is always a difficult task to calculate the amount of coverage you need. This is why it is wise to have a consult with local financial agents and make sure you discuss everything with them. They might help you to get the suitable policy as well. To be on the safe side, make sure you are purchasing a policy which at least covers all basic features.

Another option is a life insurance policy with a family member as the beneficiary. Some life insurances provide coverage for funeral expenses, but you could also get a life policy just to cover your burial expenses.

There are also burial insurance for seniors that allows the funeral director to be named as the beneficiary. For this type, you could pay for only a part or your entire funeral expenses. The death benefit would go to the funeral home exclusively.

It is also possible to have a pre-need contract with a funeral home. With this you would get cover for most of the services/products. You can always explore the internet for free quotes from various sources and then compare to find out the best price.

Choosing Burial Insurance Over Standard Policies

Burial insurance is another form of life insurance which mainly covers your funeral or burial event after death. No one likes to think about death but this is always a concern for those who are responsible and caring the family. This type of policy seems quite similar to permanent life insurance in terms of the way it work, but actually this is very inexpensive way to get covered and the benefits are limited as well. The burial insurance can be named differently as funeral insurance, final expense policy etc. The coverage amount lays in between $5k to $25k by most of the providers in the USA (learn here how to find the right insurance provider). If you’re in budget and not willing to spend a lot of money, then go for burial insurance instead of term or whole life insurance. In this article, you will find the reasons why.

Why Should I Prefer Funeral Insurance Over Standard Life Policies?

One of the main reasons why many are choosing funeral insurance for seniors is because it is easy to qualify for. Unlike the standard life insurance policies, the burial insurance often comes with a simplified application process where persons only answer a few questions and can get approval without doing a medical examination. You literally don’t need to perform any medical tests or providing paperwork. This is something very attractive for seniors who are having health issues. It’s still possible for the application to be denied if seniors have poorer health that falls under the minimum health condition set by the provider or for other reasons, but the acceptance is generally easier. Another reason is that the coverage is more affordable for seniors. You can get the coverage for as low as $10 per month in the United States which is a great deal at any condition. You can pay weekly, monthly or annually depending on what payment process your providers offer.

If you choose a funeral insurance policy over a standard life, it can be used to cover funeral expenses as well as outstanding legal bills, medical bills, credit cards or any other debts. It is also a good plan to get if you don’t have life insurance coverage or any other way to pay for a funeral; want to support your whole family; have limited savings, and want a different plan just to cover final expenses.

Overall, getting burial insurance plan can be the ideal way for you to manage your funeral and final expenses. With it, you are able to make affordable and small payments over time.

How Much Life Insurance Do I Need?

Whenever people think about getting covered, the first thing that probably comes to their mind is, how much life insurance coverage do I actually need? Depending on the amount of coverage, premium will vary. You should never buy excessive coverage which you will never use. You have to very calculative if you want to take the best out of life insurance policy. This is an important parameter and probably will take a lot of your time to calculate an approximate coverage. You can also visit a consultant in order to take advice. While calculating and reaching as close as your exact amount, consider the following points.

How Long You Need the Coverage?

So, what is your age and how long you want the policy to run for you? If you purchase a whole life insurance then it is valid for the remainder of life and thus there is no worried. But if you take a term life policy, then you will have to get it for 10, 20 or 30 years long. As you know, this type of policy exist for fixed period and after this, you have to renew if you want the policy to continue. The young and middle aged people can get a term life insurance up to 30 years. But after 65 or 70 years, you are only eligible for 10 year term coverage and thus choose your preferred policy wisely.

Your Dues and Loans:

Do you have a huge debts or personal loans such as credit card loan or mortgage? Do you pay estate taxes? These parameters need to be considered while calculating life insurance coverage. Having huge debts mean you have to apply for a higher coverage such as $500k death benefits. If you don’t have it (which is great) and you want minimum facilities say for burial expense only, then go for funeral insurance where $20k coverage is just enough.

Leaving a Legacy:

Some people want to leave behind a legacy for family members. This could be in form of bearing educational expenses for grandparent or so. If you wish to, then add few thousand dollars more with estimated death benefits.

The life insurance coverage amount depends on a variety of things and will vary from person to person as well. So, this is very difficult to fix an amount without addressing someone’s financial condition and future plan. Hope I will write more practical points that you have take into consideration.

This is equally important to choose the right provider. Here some tips on finding the suitable carrier for you.

Why No Exam Life Insurance is Suitable for Seniors?

As a senior, you can live with satisfaction knowing that your family will be protected in case of death. Which means that they will get assistance with funeral, and clinical bills once you pass away. Your family will never be left with a large number of dollars worth of charges that they have to pay out.

Seniors can get coverage straightaway as there is absolutely no medical exam required. This means you don’t need to wait to visit a specialist physician and to allow them to report to the insurance organization. It is possible to choose from a variety of various lump sum funds depending on the kind of protection you are choosing. This means broad eligibility for no exam life insurance for seniors.

The best place that you should go to get no medical exam life insurance, is by searching on the internet. The reason is since it is a niche type of insurance, and not all the major insurance firms will provide this kind of protection. By heading online you will discover that there exists a large amount of info about no health check insurance protection and you will furthermore discover that there are always a range of different businesses both local and nationwide that’ll be at to offer you comprehensive insurance policies.

You can contact the provider and extract more information about their service. Some providers may not offer no exam life insurance for people. So, this is better to contact them either through email or phone and make sure they offer decent no medical exam life insurance for the people. The best way to get an affordable coverage is by shopping around and not sticking with only one carrier. By taking advantage of Internet, you can easily find out the name of the companies who are offering extensive life coverage. Such work takes some time, but worth it because you’re likely to attain what you desire.

Why Do Seniors Go for it?

This type of policy is very suitable for senior citizens as it doesn’t require any medical tests at all. The seniors usually do have the possibilities of being ill quickly. This is why are always considered as risky candidates to the life insurance providers. With critical illness, you’re very likely to get any standard life coverage. This is why a no medical life insurance is suitable for elderly people in the country. You can choose a burial insurance which doesn’t ask policyholder to face any medical questionnaire.

So, what type of coverage you prefer or want to be covered with?

How to Find Out the Life Insurance Provider for You?

In the last article, I wrote on burial insurance for seniors and how it can help you and your family to avoid financial burden. Hope you got the basic idea from there. If you didn’t read that useful piece of content yet, I highly insist you to read it first. In this particular article, I will discuss on how to find the right life insurance provider.

If you are looking for a firm that can help your family settle your final expenses then, you should go through the terms offered by many companies and then make a decision. You can base your decision depending on your affordability, the underwriting requirements and reputation of the company etc. Once you have decided it should take no time at all to get all your expenses covered by this facility.

Now as this is a big industry and the market is so broad, thus it becomes even harder to pick up the right provider. More choices means more hassles, right? But the advantage is, when there are competitors, it comes as a big benefit for the policyholders because you always have the chance of getting a good rate. But looking for a cheaper deal is not the only thing you should rely on. You must know how to choose the right provider. The provider is going to provide all the facilities and if there is anything wrong with them, then this is a problem.

Get Familiar with Company Background and Present Situation:

With the help of internet, you can become familiar with the company very easily. If you Google, you can get all the information. Most of the companies do have official websites where they publish annual income, investments, profits and all related financial data. If you analyze them closely, it becomes easy to decide whether they are the perfect choice for you or not. If you’re still unsure, go visit your local licensed agent and discuss with them.

Some Reliable Providers:

Also, don’t be allured with the kind of advertisement that newly launched company come with. They tend to promote their business with exceptional offers upfront. But instead of providing quality service, they tend to get as many customers as possible. Thus do purchase a burial insurance coverage from established brands. Some of them are – New York Life, MetLife, Prudential, AARP and so on. Here you can get the full list of life insurance companies in the USA. Just make sure they are authorized and have the license. Also, try to compare prices between difference sources and obtain one which seems fit for you.

Burial Insurance for Seniors

If you have been on the lookout for burial insurance for elderly then you should know that many companies offer them as final expense insurance as it covers the final rites as well as the funeral. Of late these policies have been becoming very popular especially with old people whose life insurance is already over or has lapsed and they do not have the option to renew it. There are even a lot of people who cannot afford to take a standard life insurance policy that pays a good amount to their families after they are no longer with them this is why they look for senior burial insurance options that allows them to get a life insurance at a very affordable price. Although the coverage with burial insurance for seniors is very limited but it all depends on your demand how much coverage you are looking to buy. If you only need to fund the funeral why would you go for a term or whole policy that is costlier? You should go for burial insurance which takes care of your specific needs.

Are you over 70? Tips on choosing the right type of policy.

How does Burial Insurance Help Seniors?

For those who are not convinced as to how this form of life insurance can serve their purpose, below is listed some of the features of this policy that you must go through:

1. One of the best things about the Funeral life insurance is that their premiums stay the same and never increase no matter how long the duration is.
2. The age bracket for qualifying for this type of insurance has been kept between 50 to 85 years of age that means that as soon as you cross 50 years you can avail this policy. Although the seniors over 70 or 80 look such coverage as the last resort but if you can purchase it at younger age, there will be a lot of savings in terms of premiums that you pay.
3. Another advantage with this insurance is that there is no medical examination required to avail of it which means that even if you have minor health problems or even a chronic problem that is accepted you can still get the insurance. This is a huge advantage if you now how difficult it is to go through those medical exams and life insurance tests such as nicotine or tobacco. With standard policy, you’re almost certain that insurers will ask you for a test, but this is not required at all with funeral insurance.
4. People spend days getting hold of their insurance, and it can be very hassling since it comes at a very stressful and emotional time. This is the reason this insurance sum is dispatched quickly, and the benefits are made available to the family as soon as possible. You will get your claim served within a day or maybe even faster depending on how quickly you make them aware about the death incident.