5 Life Insurance For Seniors Over 70

Samwyche.com – Life Insurance For Seniors Over 70 is a life insurance product that is specifically made to meet the protection needs of customers aged 70 years or older.

Actually, you as a participant, can freely choose the type of life insurance that can be adjusted to your needs and financial capabilities. However, when viewed from the priorities, especially for the elderly who have entered the age of 70, it is better to choose products that are indeed recommended for the elderly.

Life Insurance For Seniors Over 70

This life insurance for whole life is life insurance, which is most suitable for the elderly. This insurance is specifically for people (breadwinners) who do not want their family to have financial problems later, when he dies.

Well, if you look at the purpose, life insurance for life is to restore the financial condition of the customer’s family, after the customer dies.

However, there are things you need to understand about this type of insurance, namely having a relatively large monthly premium cost. However, this type of insurance certainly has a larger sum insured.

1. Guardian Life

Guardian Life is one of the insurance companies that also offers whole life insurance. This insurance coverage will be paid at the age of 65 years, 95 years, 99 years, and 121 years.

Here are the advantages of Guardian Life life insurance, namely:

• Having a very low customer complaint rate for a company of all sizes;
• Have unique coverage, e.g. people with HIV positive, and survival insurance;

In terms of shortcomings, many complain about the lack of details of policy information and others displayed on the site.

2. MassMutual

In MassMutual insurance, there is no limit to the number of term life insurance coverage that you can buy. This will be very suitable for those of you who are looking for a large amount of insured funds.

The advantages of MassMutual insurance company are:

• There are a wide variety of term and permanent life insurance policy options.
• Supports online insurance claim feature.

However, there are some unsatisfactory aspects of this company, namely that most of its policies require proof of medical examination.

3. Northwestern Mutual

Northwestern Mutual insurance company has a flagship product of Northwestern Mutual whole life policies. The owners of these policies have been receiving dividends from this insurance policy consistently since 1872.

There are several advantages of this insurance company, including:

• The level of customer complaints is very lacking for a large enterprise scale like this;
• The predicate of high customer satisfaction value according to the JD Power study.

The less satisfying side of this company is:

• The amount of coverage and additional benefits of insurance are not explained in detail on its website.
• Limited insurance supplemental benefits.

4. New York Life

The company provides coverage costs of $25,000 up to a maximum of millions of dollars. Even so, the amount of coverage is greatly influenced by the insurance policy you have.

The advantages of the New York Life company are the following:

• The customer satisfaction rate is high according to J.D. Power.
• Very low customer complaint rate

The downside of this company’s insurance lies in its quotes that are not available online.

5. State Farm

State Farm provides coverage that you can adjust to your level of needs and finances. Not only that, there is also a choice of the amount of sum insured complete with additional term benefits.

In this company you will be able to add coverage that covers your wife without purchasing a separate policy.

Conclusion

Life Insurance For Seniors Over 70 is one of the best options for seniors. This insurance policy will help their children prepare for their financial future to face the various health risks of elderly parents.