FREE QUOTES from trusted senior life insurance companies that give LOCKED-IN Guaranteed Rates, 1st day coverage and policies that last your entire lifetime:
Seniors recieve many mail solicitations from insurance companies and "Associations for Retired Persons" about life insurance policies to be used for "final expenses" or funerals and other debts. Many people sign up for these policies through the mail and I often find they haven't read the fine print.
Some "final expense" policies are MUCH better than others.
My advice is to NOT sign up for any life insurance through the mail or a telemarketer unless you have met with a local agent who has shopped rates for you with at least 10-companies. Very few people should be buying "guaranteed issue" insurance because MOST of them will get a much better price and coverage with a "simplified issue" policy and your local agent is the best place to shop it.
Here are some things to watch out for with "final expense" life insurance:
So how do you find a better senior life insurance policy?
Call a local independent insurance agent who can meet with you face to face. He/she will ask basic health questions such as current medicines you take, height, weight, tobacco use and current health conditions. Then they can match you with the company that will make you the best insurance offer.
MOST people will qualify for coverage with no waiting periods, no rate increases, and lifetime coverage and usually at better rates than the junk mail offers you get daily.
At Newbury Financial, we SPECIALIZE with senior life insurance. I've sold thousands of FInal Expense Life Insurance policies and have beaten the rates and terms of the mail-order insurance companies over and over. We support our clients not only when they buy the coverage but also at the time of a death claim or if they need policy service in the future.
Mrs. Stone was worried that her kids would be left with large bills and funeral expenses when she died. She knew she needed to buy some life insurance coverage. She was a member of an association for retired people and they were always sending offers about life insurance. She trusted the association so she didn't read the fine print too well.
She paid on the policy a couple of years before she realized her premium was scheduled for an increase. After she began to read the details of her policy, she realized that her premium would go up every 5-years and would increase over 500% from the time she bought it until she was age 75.
If Mrs. Stone lived one day past her 80th birthday her insurance policy would end and she would NOT receive a refund of any of the money she had paid. This is not at all what Mrs. Stone wanted but it was all disclosed in the policy she bought... so it was legal.
Mrs. Stone called my office and within 2-days was covered at a low price with a policy that guarantees she will never have a rate increase and the coverage will never end. That's what she was looking for the whole time.
This is a true story and Mrs. Stone is her real name. And there are a LOT of other Mrs. Stones.
At Newbury Financial, we are experienced at matching you with the best value in life insurance. Call us FIRST before signing up for ANY life insurance policy through the mail or from an unfamiliar agent. You deserve better!
Please call us anytime at 270-823-2413 in Kentucky or 812-459-3464 in Indiana.
We have conviently located offices at the Chamber of Commerce Building at 230 2nd Street Suite #201, Henderson, KY and in Evansville, IN at 2420 E. Morgan Avenue (near the intersection of Morgan Avenue and Boeke Rd.)
We can also come and meet with you at the convenience of your own home.
We make insurance simple, affordable and convenient.
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