Life Insurance for seniors: Term or Permanent?

Before you go with term, check the get-out clause: 

While a term life insurance policy offers tantalizingly cheaper monthly premiums for the 10 to 30 years of coverage, the premiums rise significantly at each renewal. 

Next time around, you may want a permanent policy so you can accumulate cash value on a tax-deferred basis or just for the hassle-free life coverage at a guaranteed premium amount. Beyond a certain age, that may not be possible. 

If you choose a term policy, make sure you know what the maximum age of conversion is to a permanent plan.

Free quote: http://www.mintcofinancial.com/senior-life-insurance-quote

Call 716 565 1300 or 813 964 7100

Final Expenses Life Insurance for Seniors over 80

Life Insurance for Final Expenses www.Mintcofinancial.com

Call 813 964 7100 for a free quote or go online www.MintcoFinancial.com


"My Mother in Law passed away 3 years ago and had life insurance. BUT she hadn’t made payments for 2 months on it so while she was in hospice we rushed 2 checks off to the insurance company. Thank the Lord it arrived on time and they payed for her funeral. She had also pre payed for all her funeral expenses BUT had withdrawn the money like a year after. If you are going to prepay for your services never take the money back and make sure you are up to date on your insurance policy payments."

Call now for a free quote 813 964 7100 or go online www.MintcoFinancial.com

Can seniors over 70 get a good value on Life Insurance?

One of the first questions you may have when searching for insurance plan cover elderly over 70 is it even still available. The quick answer to this is, absolutely! Life insurance cover elderly over 70 is a quick evolving topic in the life  insurance plan policy industry, and it seems like new products are coming out everyday to cater to this individuals. Many factors have contributed to this growth, but it really boils down the statistics of individuals living more time.

Many baby boomers and seniors who are 70 and older can get affordable life insurance coverage. Of course, your health history impacts the bottom line.

If you are in good health, lead an active lifestyle and don’t smoke, you have a better chance of getting affordable life insurance than if not.

What makes the most difference in getting affordable insurance is using an independent agent, who can help you find the right company to get the most best pricing possible.  The independent agent will know which company(s) will underwrite your application most favorably and therefore give you the best rating/pricing.  They should have an in house underwriter to be of assistance in getting you the best rating as well.

Getting a quote for life insurance for seniors plan policy is easy at any age through our online quoting tool. You can view rates from over 50 carriers in just a matter of minutes. You can also give us a call in order to work with an experienced life insurance plan policy agent who can guide you every step of the way.

If you are grown child looking for a cover your parents we can help you navigate the choices which will be available for your family.

Call us now at 813-964-7100 our services are personal and we care for each customer we have.

Or if you prefer online:

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Can I get insurance for my parents?

Many seniors have the means and the willingness to buy elderly insurance, such as Burial Insurance, and leave no financial liabilities for their dependents and loved ones. However, in some instances, our elders may not be in a position to purchase this insurance themselves. For example, they may be afflicted by a severe disease or simply may not have the financial means to pay insurance premiums. In such instances, you, as a dependent, *may be able to purchase elderly insurance that covers your financial expenses upon the passing of your parents. *NOTE: Legal requirements to purchase insurance for another person vary from state to state.

The passing of a loved one results in significant expenses associated with the burial, unpaid bills, and legal and professional expenses related to wills and property. For example, burial expenses such as a casket, a vault, body preparation for viewing, and a funeral service, can easily exceed $7,000. Fees and other expenses could take the cost well above $10,000. Therefore, purchasing insurance to cover such expenses makes sense. All you have to do is prove that you will be financially responsible for such expenses upon the passing of your elders. In legal terms, you have to prove that there is an insurable interest between the insured person (say your parent) and the policyholder (you).

Need to speak to a specialist?

Call Mintco Financial at 813-964-7100

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