50+ Life Insurance

What is Different About Life Insurance for 50+?

Some of you may know that I also run the Over 50 Website. A frequent topic of conversation over there is the possibility of obtaining life insurance over age 50. The first thing that people want to know is why older people need life insurance.

Some Life Insurance Needs at 50 Plus!

Funerals are expensive. Prepare financially for final expenses. Estate Transfers. This may be particularly important if a business or home is involved, and other heirs must be compensated besides the one who will retain the asset. Settle debts Leave an inheritance or legacy. Provide for a spouse or others.

Can Older People Find Life Insurance?

I have some good news. Because Americans are, on average, living longer and more productive lives, many insurers hare happy to extend benefits to older people, and to offer those policies at lower rates!

You can find out which plans are best for you with over 50s life insurance quotes here. Since insurers vary policies and premiums by local areas, it is important to find out which companies are competitive in your town or city. Also, the type of plans that are available for a person like you will certainly vary by your age and health. But minor health issues or advanced years should not deter you from doing some competitive shopping.

Term LIfe For Age 50 – 75

Some companies offer term life for older people, even up to 75. If you are [...]

July 5th, 2009 | Tags: , , | Category: Life Insurance | Leave a comment

Life Insurance For Older Americans

Why Do Older Americans Buy Life Insurance?

You may think that older people have outgrown life insurance. After all, kids should be grown, houses paid off, and savings built up? Those are nice thoughts, but are probably not the reality for many middle aged and retired people in the US. Recent financial problems have probably cut into savings and investments, and they may have even delayed paying off a home! In addition, many grown children are having their own financial problems, and they are even returning to their parent’s home. Sometimes those grown children bring their own kids with them to live with the grandparents. Clearly, older people in the US still have plenty of responsibility!

Life Insurance Choices For People Over 50

If you need to find life insurance over 50, you should not panic. Since we have had the good fortune to enjoy longer and healthier lives in the US, many top life insurance companies are extending affordable policy choices to older people.

No Medical Exam Term LIfe Insurance – You can find term policies for people in their 70s these days. A reasonably healthy 70 year old with good health habits can certainly find 10 year policies that can provide financial security for another decade. An applicant will have to answer some health questions to apply, but many applications are fairly short and simple.

Final Expense – Final expense life insurance rates are designed to be affordable for many seniors. These products are designed to be [...]

May 1st, 2009 | Tags: , , , , , | Category: Life Insurance | Leave a comment

Top Life Insurance Companies List

How do we Rank Top LIfe Insurance Companies?

Get Life Insurance Quotes.

There are so many ways to rank US life insurance companies. You could rank the biggest companies that take in the most premium dollars every year. Or your could do a financial ranking to determine which insurers are the most financially secure. Last, but not least, we could consider customer satisfaction. Which life insurance companies get the best customer satisfaction and the least consumer complaints?

Some Ways To Rank Life Insurance Companies

Size, including revenues and assets. Financial stability as analyzed by 3rd parties like AM Best. Low consumer complaints and high customer satisfaction. A company that is friendly to an applicant like you. For instance some companies may be more willing to underwrite people with health issues while another company may offer you a fantastic discount for good health habits.

Top 10 Life Insurance Companies By Premiums (From the Insurance Information Institute):

Rank        Revenue Assets 1 MetLife $53,150 $558,562 2 Prudential Financial 34,401 485,814 3 New York Life Insurance 29,280 179,621 4 TIAA-CREF 27,526 420,315 5 Massachusetts Mutual Life Insurance 25,268 172,911 6 Northwestern Mutual 22,597 156,547 7 AFLAC 15,393 65,805 8 Genworth Financial 11,443 114,315 9 Principal Financial 10,907 154,520 10 Lincoln National 10,738 191,43

When we look at the amount of premium or policies that insurers write, it certainly says something about the company. But it may say more about their marketing efforts than their actual products since many consumers do not do a [...]

April 26th, 2009 | Tags: | Category: Life Insurance | 4 comments
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