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Life Insurance Help F orRetired People

Marilyn Katiz — Mon, 02 Mar 2009 19:28:30 +0000

Are Older People Covered?

When researching life insurance for older people I came upon an interesting statistic! According to a 2002 article in the Wall Street Journal:

“[i]ndividuals age 65 and over have a total of $492 billion of life
insurance in force.”

That total may seem like a lot of money, but it is only four percent of the total US life insurance policies that are in force. Meanwhile, the age group over 65 makes thatlmost 75% of all deaths. It does seem odd that an age group which should be most concerned about passing away is not covered.

Older People Can Find Life Insurance

If you are over 65, you can find life insurance, and you can even find term life insurance for older people! Rates are dropping because people are living longer. In addition, insurers are marketing many simplified issue policies, so you can even find no medical exam life insurance for seniors.

Life Insurance In Middle Age and Older

Marilyn Katiz — Sat, 30 Aug 2008 00:08:19 +0000

Are You Too Old To Take Out Insurance?

Many people reach middle age, or even retirement age, and realize that they have outlasted their life insurance policies. They may have had coverage at work or had a term policy that expired after 20 or 30 years. Even though they no longer had coverage, though, the people realized they had not outgrown their need for life insurance.

However, the time has never been better to find life insurance for older people! As people are living and working longer, insurers are making coverage more available and cheaper too! These days, you can find term life insurance at 70 or final expense life insurance at 85 in some situations.

The internet makes it much easier to compare plans and policies. One online life insurance quote form allows you to sit back and compare all of the plans and policies that are available to you.