This senior term life insurance might make
you quite surprise, for they come with a flexible cost and monthly or yearly
premium cost, as well as flexible policies as well. In applying for this senior
term life insurance, you are required to answer some questions, such as medical
exam and general health information. If you are in a good health condition, you
will even get such lower premium costs.
Besides, if you
do not like the doctors offered by senior
term life insurance, you are freely choose another doctor or healthcare
clinic that is mostly suitable for you. Or, if you want to protect your privacy
by not answering any health or medical information, this term life insurance is
also allowed you as well. This is, in fact, what some senior term life
providers are offering: not to answer some medical information.
The best news
for those who come with limited and tight budget is those senior term life insurance will never increase in rate or monthly
and yearly premium. This term life insurance policy works like this: for the
two first years, for all accidental deaths, the insurance will pay full
benefits, yet for non-accidental deaths will be paid only partial. And after
the two first years, the insurance will pay full benefits and payments.
Another benefit
of senior term life insurance is
that you can make it as your life time savings and investment as well. This is
because the term life insurance often build up some cashes from tax-deferred
value. You can use these savings accounts for anything you need in your retire
period.
However, there
are some drawbacks you will meet during owning the senior term life insurance. One of the most disturbing drawbacks is
that the premium cost you should pay will never be lowered. Thus, if it cost
quite a lot of money, this is something you should pay for the rest of your
life.
0 Comment to "About Senior Term Life Insurance"
Post a Comment