If you want to leave a little something extra to your loved ones or cover the costs of a burial, consider Life Insurance. Some insurance companies do sell small policies and even seniors with some health issues can apply.
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Hey this post is pretty much in contrast to my experience i had. AS far as the insurance of senior people are concerned , i have always been furious about this issue at almost 20 websites relating to insurance facilities. Most recently i have found a website which deals with cheap term life insurance for seniors. This site looks so promising to me. Thankyou.
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Dave, you know and I know that this is pie in the sky. Mental incapacity, cancer and a host of other conditions preclude insurability. You must have worked for ELNY.
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If you have the money to purchase a single pay life insurance policy, you have other options that should be pursued. If you are wanting only a burial policy, and have enough to bury you at the time, why get the insurance? Invest it. Life insurance is almost never a good investment when you are younger, except for term, because the premiums are low enough to be easy to pay, and can often be for periods of 10 -20 years at flat premium rates. As a senior, the return on your money is so low, unless you die after only starting to pay for your insurance.

If you have a life insurance policy now, one that is called whole life, it will have two values, a paid-at-death value and a cash value. The cash value is the amount of cash you could get if you turned in your policy for cash, and is a small part of the paid-at-death value. One mistake people make is to just stop paying life insurance premiums (not term life) because they can't afford them. It is much better to turn the policy in for paid-up life insurance, and, if it is a policy that earns dividends that are added to the policy value, can still grow over the years. Talk to someone who knows about these things and that you can trust.
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Epiphany, are you looking for life insurance, or a burial policy? You might talk to a mortuary about what they offer.
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What about those that have reached the age limit and cannot get insurance. I have been setting aside monies in an attempt to cover final expenses however its a slow process and I know since I went to get her from another state all responsibility lies on me. I am considering the cheapest way out at the moment.
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In my opinion, life insurance is a waste of $. We all have our opinions.
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