We all know the importance of life insurance, but dread the exercise of going through multifarious options and complicated conditions to make the right decision about which life insurance policy to purchase.
For senior citizens, buying life insurance can get even more confusing and expensive because our risk of mortality increases as we age and a higher payout is more likely.
In this guide, let us try to demystify the topic of life insurance for senior citizens and evaluate various options available to them.
Mistakes to Avoid when Buying Life Insurance as a Senior
Recent reports show that more Americans bike to work now than ever before. If you feel like you see more cyclists on the road, that’s probably because the number of people who bike to work has jumped by about 60 percent in less than two decades. That doesn’t even include the people who bike for fun.
Why the sudden surge in commuting via bike? There are a lot of benefits to riding a bike. Many people have just started to realize that they can reap those benefits while eliminating the worst parts of their days: sitting in traffic during rush hour.
The millennial generation is defined as those born between the years 1982 and the early 2000’s. For the scope of this article we will classify those who are currently between the ages of 18 and 35 as millennials. When it comes to life insurance, studies have shown that roughly 65 percent of millennials do not own any. The most common reasons given by millennials for not having life insurance are:
Who exactly is Sagicor? Sagicor has been in business for 175 years, has an AM best rating of BBB-, has over $5 billion in assets, is publicy traded with offices in FL, AZ, and OK, and has over 600,000 policy holders.
According to the 2016 Life Insurance Barometer study by Limra, the most common reason for owning life insurance is to cover burial and other final expenses. It’s no surprise that many people look for burial insurance, or final expense life insurance to meet these needs.
Burial insurance was created as a way to cover the expenses that come along with passing away like burial, cremation, funeral service, casket, etc. You will hear it referred to as final expense life insurance, funeral insurance, or burial insurance. With the average cost of a funeral between $7,000 and $10,000, it is important to have some form of burial insurance in place to prevent placing a financial burden on family members.
In this Banner Life Insurance review we cover their financial strength, types of products offered, eligibility, sample rates, complaints, and much more. For those wondering if they are a good choice for life insurance, Banner Life insurance has been around for over 60 years. The company is owned by Legal and General America which was founded in 1836. It is safe to say that Banner Life Insurance is here to stay, and you can trust that they are a good choice for life insurance in 2018 and beyond. If you would like to apply for a policy with Banner, please call 888-407-0714 to speak with on of our licensed agents. You can also get a quote online here.
What are the keys to health and happiness? For most people, the list would include a healthy diet, regular exercise, a good night’s sleep, and loved ones with whom to share their lives. Hobbies, unfortunately, rarely make the list of priorities for a healthy lifestyle. Studies have shown that time spent pursuing hobbies and personal passions is actually essential for a well-rounded and satisfying life. A life without hobbies and leisurely pursuits is a very dry, demanding, and unhealthy life. Not convinced? Take a look at the benefits of having a hobby you enjoy.
Life insurance is complicated. With term and whole life, exam vs no exam life insurance and the different coverage amounts and term lengths, shopping for life insurance can get overwhelming fast.
This is why we have compiled all of the information you need when choosing a no exam life insurance plan, and put it into easy to read charts and reviews so you can save time and money when shopping for no medical exam life insurance.
In this guide we have listed the most need to know information about no medical exam life insurance.
This guide (Updated in April of 2018) includes:
No Exam Life Insurance Company Comparisons & Reviews
No Exam Life Insurance Product Comparisons
Cheapest & Most Affordable Options
Getting a No Exam Life Insurance Quote
Over the last five years, our agents have sold thousands of no medical exam life insurance policies. Recently we polled all of our life insurance agents to see what the most common information requests were when someone is shopping for this type of policy. Here are the findings from our study.
It’s no surprise that selling life insurance is such a popular profession in 2018. With over 1 million insurance agents, brokers, and service employees in the united states in 2016, it remains one of the largest industries. One of the benefits of selling life insurance are the flexible hours. You can do it on the side at first and earn a great living if you are willing to put in the work. Continue reading →