parents quotes

in this video, i'm going to speak to you aboutlife insurance for seniors. you might be in your 50s or 60s or even 70and looking to get a life insurance policy. why? it could be for manyreasons. it could be that your term insurance, that you bought when you werein your 20s or 30s, is now coming up and expiring or perhaps alreadyexpired. it could be that your policy at work, theprice is starting to increase, and it doesn't make sense to have that policyin force anymore as it goes up every five years, typically. or it couldbe that you've just come into a situation where you think it's important foryou to have life insurance

now, either for final expenses, or maybe youjust bought a new home or just gotten remarried. so what type of life insurance would makethe most sense for you specifically? let's talk about a few options.if you're buying life insurance, you might be in your 50s, and youwant to make sure that you have coverage throughout your working yearsso that you can replace your income should something happen to you, thenterm insurance might be the way to go. or perhaps you have a mortgage, so in bothsituations, your mortgage might

be paid off in 10 or 15 years. you might retirein 10 or 15 years, and a term insurance policy would probably be thebest option for you. that's the least expensive option and would cover yourneeds. so a 10, 15, or perhaps even a 20-year term policy might just be thebest option for you specifically. if you're buying life insurance because youhave a younger spouse, for example, that's significantly younger thanyou, and you want to make sure that when you pass she can continue or hecan continue to live a certain lifestyle or have a certain amount of moneycoming in, then you might want

to get the permanent life insurance policy.in that case, you want to look for something that's going to last your entirelife. or perhaps you are dealing with a situationwhere you want to leave your kids an inheritance, or your kids might besubject to estate taxes when you die. these are reasons to get a permanentlife insurance policy. you might want to look into a guaranteed universallife policy. these policies are cheaper than whole life policies.they're guaranteed to last your entire life, and they're much more affordable.they are more money than term insurance, but again, they do lastyour entire life.

some people who want to save money chooseto get a blend or combination of both term and permanent insurance. this wayyou can buy more insurance for your money with the term policy, and you canalso buy some permanent insurance that's going to last your entirelife. so should you outlive your term policy, if that's going to expire, thenyou can still have some form of permanent insurance in place. if you're buying life insurance because youwant to make sure that your final expenses are covered - burial expenses,final debts paid off - then you might be looking for what's called finalexpense insurance. final

expense insurance is a form of permanent lifeinsurance that's specifically designed to pay off your final expenses. thesepolicies start with as low as $5,000 death benefit increments and usuallygo up to $50,000 or $100,000. they're designed to be there foryou to pay off things like burial costs. that might be the right policyfor you if you might have some debt, or if you don't have much money in thebank and you want to make sure that you're not burdening your partner orspouse, your family, your kids with paying for things like burial expenses. if your health situation is one that doesnot allow you to get a

traditional life insurance policy, becauseyou may have recently had cancer or a heart attack or some kind of major healthissue that does not allow you to get a traditional policy, then youmay want to look into something called a graded death benefit policy. theseare types of insurance policies that have a waiting period, sometimes twoor three years, until the full death benefit goes into effect, and they'redesigned for people that have some kind of preexisting health condition. with a graded death benefit policy, the onlydownside is that you have a waiting period. but as long as you outlivethat waiting period, the full

death benefit is in effect. if you don't outlivethat waiting period, your family would get all the premiums you paid,plus some additional interest on the money. so you can still get insurance,even if you have some kind of preexisting health condition, and i specializein high-risk life insurance. with all these options, you want to make surethat you're comparing rates, finding the best quote, the best company foryou specifically, and i can help you do that. you can visit my websiteat chooseterm.com, or call me at 800-574-0245. i'm the founder of chooseterm.com,and i would be happy to work with you to help you find the best ratesand the best company for you

specifically. i can help you shop over 30different life insurance companies. visit my website, chooseterm.com, or giveme a call, and i'm looking forward to speaking with you. thank you.