Posts
22nd November
As we come to the end of another year, we take the time to
reflect on the changes of this year, and what is to come in the next. As we
know, open enrollment is approaching the end on December 7th, 2019,
affecting many seniors with decisions on their health coverage for the upcoming
year.
It is also a good time to review your Life Insurance. Americans
generally do not have adequate life insurance to protect their spouse, their children, and loved ones. Visit https://www.yoursenioradvisor.com
From the Insurance Information Institute, (https://www.iii.org)“About sixty percent (60%)
of all people in the United States were covered by some type of life insurance
in 2018, according to LIMRA’s 2018 Insurance Barometer Study.
Other findings
from the study include: Among those with life insurance, about 1 in 5 say that
they do not have enough” life insurance coverage. The study noted that almost half of consumers of all
ages (45 percent) would go online to find more information on life insurance
but would complete the purchase with an agent or financial advisor.
Depend on the several factors a consumer has choices in the life insurance market from universal life to permanent life, with burial insurance in between. Life insurance can be purchased without a medical exam. There are general health questions, along with a few additional factors that determine the parameters of a life policy. Speak with your insurance agent or financial advisor to discuss options available to protect your loved ones from the burden of unexpected debt.
