BUYING LIFE INSURANCE TO COVER ELDERLY PARENTS
Online Life Insurance
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Apply For and Buy Life Insurance Online with No Medical Exam - Up To $250000 in Coverage. No Medical Term Life Insurance - 877-697-0098!
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Buy Life Insurance Online >>>>>
Buying life insurance online is usually safe & secure - if you deal with a legitimate company. Abide by these tips to change usually to certainly.
http://www.wholesaleinsurance.net/consumer-reports/life-insurance-online.asp
Term Life Insurance (for healthy seniors)
Key features:
- Medical examination required, to prove that the insured is in good health
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Compare insurance quotes online at InsWeb. Find cheap rates on auto, home, health, term life, renters and business insurance. Save money every month.
http://www.insweb.com/- Insured covered up to the age of 90 or 95 (depends on insurance company guidelines)
- Premiums increase towards the end of the Term
- Many seniors outlive the fixed term so look for a policy that can be converted to whole life insurance
- Consider purchasing Burial Insurance also, should the senior outlive the Term
Burial Insurance (for healthy seniors)
Key features:
- No medical examination required
- Insured person is covered for life
- Premiums are locked-in and do not change
- Moreover, cash value increases over time
- If the insured is healthy, then you receive full benefit the day after you pay your first premium
- Coverage cannot be canceled as long as you pay your premiums on time
- Proceeds can be used for burial costs and other end-of-life expenses
Graded Benefits Burial Insurance (for seniors with health problems)
Key features:
- No medical examination required
- Insured person is covered for life
- Premiums are locked-in and do not change
- Policy increases in cash value over time
- You typically only get partial coverage for the first two years, and the full insured amount only in the third year of the policy
- Insurance company cannot cancel coverage as long as you pay premiums on time
- Proceeds can be used for burial costs and other end-of-life expenses
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