Over 60 Life Insurance is an Important Investment for Seniors Who Smoke
(PR Web Via Acquire Media NewsEdge) (PRWEB) January 05, 2014
Online Insurance Marketplace has released a blog explaining the importance of having life insurance for seniors who consume tobacco products.
Seniors who smoke should purchase a life insurance policy to cover important last expenses like funeral taxes. Since smoking endangers a person’s well-being, seniors are encouraged to quit or to purchase life insurance. Life coverage can help family members cover burial taxes and other urgent costs if the insured dies unexpectedly. Life insurance is available to seniors older than 60 years, but offers are limited and difficult to find.
In order to find affordable life insurance, seniors older than 65 years have to compare many quotes and look at offers from different providers. It may be difficult to get life coverage at an advanced age, but it is not impossible. For example, seniors older than 60 years can always purchase a final expense insurance plan and cover funeral taxes. Although a term life insurance has cheaper premiums, final expense insurance is more accessible and it has a simple underwriting process which does not require medical examinations.
Seniors who smoke will not be disqualified from getting life insurance, but they will have to pay higher premiums. This price increase can be difficult to handle especially during retirement, when financial income is low. Clients are encouraged to quit using tobacco products as this will improve their life insurance rates.
“Seniors can purchase life insurance to cover their funeral expenses, but smoking will increase the cost of premiums, making it difficult to find affordable prices,” said Russell Rabichev, Marketing Director of Internet Marketing Company.
Online Insurance Marketplace is an online provider of life, home, health, and auto insurance quotes. It is unique in that this website does not simply stick to one kind of insurance carrier, but brings the clients the best deals from many different online insurance carriers. This way, clients have offers from multiple carriers all in one place, this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
For more information, please visit http://lifeinsuranceover65.com.
Read the full story at http://www.prweb.com/releases/lifeinsuranceforseniors/smokerslifeinsurance/prweb11462088.htm
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