No Exam Term Life Insurance
» No medical exam
» Just answer a few health questions
» Same day coverage if approved
» No Blood Draw - No Needle Stick
» 10, 15, 20, or 30 year term insurance.
» Get coverage online, or by phone
Smokers Life Insurance
A look at the impact that smoking has on life insurance rates. We can help you find the lowest cost life insurance.
Higher Risk Life Insurance
Just because you may be considered “higher risk” does not mean that you should be denied life insurance.
» High Risk Life InsuranceSenior Life Insurance
Find out more information on Senior Life Insurance, sometimes referred to as Final Expense Life Insurance
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» Dental Plan QuotesSenior Life - Final Expense Insurance in Florida
Final Expense Life Insurance - Ages 50 - 80
When you were younger, you might not have thought much about life insurance. As a result, you might have avoided purchasing policies and put off the thought of life insurance until “later.” Now that you are getting older, however, life insurance might be on your mind. You might be concerned it is too late to buy any worthwhile coverage. Even though it is always better purchasing policies at a younger age, obtaining coverage at an older age is not impossible. In fact, many life insurance policies are created specifically for the mature market. In particular are senior life insurance plans for final expenses.
Why Final Expense Insurance if you are 50 - 80
- Simple application process
- Quick underwriting process – certificate may be issued in 2 days when application is fully and accurately completed
- No medical exams, No blood draws
- Common Carrier Accidental Death Benefit (until age 121) at no additional cost
- Guaranteed level premiums
- Competitive rates
- Non-tobacco class defined as no tobacco for last 12 months
Reasons for Senior Life Insurance
Let’s face it: Final expenses are not cheap. Funerals alone can cost thousands of dollars, let alone the potentially hefty medical or home health care bills that accumulate for the years or months leading up to your eventual death. Being prepared with proper life insurance can help to relieve the financial burden your spouse, children or other loved ones might otherwise have to endure.
Examples of Final Expenses
- Burial and funeral expenses
- Probates fees
- Outstanding personal debt
- Unpaid medical bills
Amount of Coverage and Premiums for Senior Life Insurance
Typically, final expense insurance in Florida is offered at a minimum of $2000 and maximum of $50,000 face amount. You have the option to buy as little or as many units you want, depending on the amount of coverage you need. Additionally you have the option of purchasing a policy with more than one company.
Like many other life insurance premiums, the cost of premiums for final expenses life insurance increases if you purchase at an older age. Some companies might issue senior life insurance only up to age eighty. After that age, it might become more difficult to obtain coverage. Also, note that some final expense plans offer coverage at a very young age, even as low as 18 years old.
In addition to paying a policy fee, a female who purchases a final expenses life insurance plan at age 20 could pay about $10.42 each year for a $1,000 policy. An 80-year-old woman could end up paying $126.51 for the same coverage. A 20-year-old man could pay $11.79 each year for the same $1,000 policy for which an 80-year-old man would pay $167.77.
Life Insurance Companies That Specialize in Final Expense Life Insurance in Florida
There are more than 75 life insurance companies that provide final expense life insurance in Florida, but there are only a handful that really specialize in it. These companies inlude The Foresters, Assurity Life, Oxford Life, Equitable Life, Colorado Bankers, Forethought Life and Liberty Bankers.
For More Information
For more information on senior life insurance and final expenses life insurance in Florida, please call us at
888-564-7662
and speak to one of our Senior Life Advisers. We look forward to helping you find a life insurance plan that works best for you, your family or your employees.