Oncken Insurance Agency, P.C. Blog
Are you getting intimidated due to so many complicated options and conditions linked to life insurance plan available today? If you’re a senior or if one of your family members is, reading this post can benefit you. It will talk about suggested life insurance coverage for seniors.
There are two ideal life insurance options that seniors can opt for when they reach 55 years old and beyond. Get to know them to your advantage.
Term Life Insurance
Are you looking for the cheapest insurance premium cost to get the support that you need? Term life insurance is ideal for senior individuals who have good health. This policy can provide you protection in a span of 10 to 30 years. The premium cost doesn’t change every year.
It’s noteworthy to know that Term Life insurance come in various types:
In terms of budget, the GUL or Guaranteed Universal Life insurance coverage is ideal for seniors. Why? The premium costs don’t change during your policy period because the policy plan doesn’t depend on the financial market. Others opt for the most extended age option because to be on the safe side — avoiding outliving the policy. With GUL, you have a guarantee that the insurer will provide a death benefit, even your life reaches 121.
Whatever mishap happens to your life, you can save your sanity when you know that you can receive support from others. Talk to a reliable insurance agent to get the right life insurance plan that you need.
At Oncken Insurance Agency, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (281) 256-8310. Get your free quote today by CLICKING HERE.