Retiring and growing old usually means more time to enjoy the things you love. Whether it be spending time with your family, going on vacation more often, or picking up a new hobby, growing old is meant to be a relaxing period in your life. However, worrying about your funeral costs and other final expenses can take away from truly getting to enjoy your golden years. That is where a senior life insurance program comes in. Senor life insurance helps you take care of these costs, ensuring that you do not burden your loved ones with unexpected expenses. Keep reading to learn about some of top picks for senior life insurance.
- AIG: If you are looking to specifically cover your final expenses and do not have a lot of money to invest into a life insurance policy, then AIG is right for you. AIG has coverage between $2,000 to $25,000 to cover burial expenses and other final expenses. Additionally, while many insurance companies require that you complete a medical exam, AIG does not have a medical exam requirement for their final expenses plan.
- Penn Mutual: If you are looking for an overall life insurance policy, then Penn Mutual might be right for you. Penn Mutual offers its customers a wide range of policies at different price points below $2 Million to ensure that you have the option to pick a policy that is best for your needs. Additionally, Penn Mutual has top of the line customer service and a record of committing to its customers’ needs. However, Penn Mutual can be a bit more expensive than other life insurance companies.
- Mutual of Omaha: Regardless of exactly what your needs are, you can count on Mutual of Omaha to have a coverage option that meets your needs. From broad standard policies to specific policies that insure a disease or disorder, Mutual of Omaha has got you covered.
Now that you know a little about the life insurance options available, be sure to check out each option for yourself to pick the one that best fits your needs. Many life insurance providers have tools on their websites that will immediately give you a quote based on the type of coverage you are looking for.