WHAT IS THE INSURANCE FOR 50 YEARS & OVER
Are you over 50 and think a life insurance product would be important? Worried that this might not be possible due to your age?
There are solutions. Obtaining life insurance once you are over the age of 50 is entirely possible. Some insurers manage to offer you excellent rates, that is to say a good price for a product adapted to your desires, and this despite the fact that the pricing increases with age.
TERM LIFE INSURANCE: IDEAL FOR THOSE 50 AND OVER
Most insurers will be able to offer you a term life insurance product to meet your needs. You will be able to obtain life insurance terms :
- 10 year term
- 15 years term
- 20 years term
- 25 years term
- 30 years term
It is important to note that the older you get, the shorter the available term will be. This is done to adjust the product and the term as closely as possible to your reality.
IMPORTANCE OF GETTING A LIFE INSURANCE QUICKLY
Getting life insurance when you are past the age of 50 is becoming increasingly important in order to be able to obtain an insurance product at the best price and before you have health problems. Life insurance is an essential product for life, just like having health protection. Regardless of age, the life insurance product is important and the faster the quote is made the more the benefits are on your side.
Getting life insurance when you’re 50 and over is very important for a number of reasons. It is true that getting insurance is very important at any age, however there are certain imperatives that suggest that beyond this age it is to your advantage to get it as soon as you think about it. Here are a few reasons:
- To cover your funeral costs
- To cover the balance of a mortgage loan
- To ensure that you leave an inheritance to your estate
- To cover your tax bill upon your death
- To ensure that your spouse will not lack income upon your death
- Do you want support for taking out life insurance for 50 years and over? Call on professionals who know the market: our brokers are at your disposal to advise you and find the life
- insurance product that suits you.
PERMANENT LIFE INSURANCE FOR PEOPLE OVER 50
Once you are over the age of 50, it is still possible to get a permanent life insurance product. This protection is becoming more and more important in your planning, in order to ensure that you have an amount of life insurance guaranteed for life and that will leave your estate without financial worries.
Other types of life insurance
It is life insurance including, inside the product itself, a savings and investment portion.
Life insurance without medical examination offers to apply for life insurance, but without having to do medical tests. This type of product was designed for people with complicated or fragile health.
Family life insurance allows you to insure your entire family at a lower cost in the event of death. Being covered by this type of product puts everyone in the family under safety.
This type of life insurance is therefore of indefinite duration and gives the certainty to your estate of receiving the amount of the insurance.
Children’s life insurance provides enough money to cover funeral expenses or allow you to take unpaid leave to recover from such a situation.
The term life insurance benefit will give your estate the money to pay for funeral expenses, mortgage payments, debts and living expenses.