Just like any other life insurance, there is specific life insurance policies designed particularly for senior citizens. However, you must be a US citizen or a permanent resident holder in order to avail this insurance. As per this, you can purchase the insurance worth $5000 to $25000 given you fall between the age of 50 and 80. This does not require any medical exam or question in the application. Despite your health history, you are eligible to enroll in this policy given you fall between the above mentioned age group and citizenship status. And, of course, you must be capable of paying the premiums.
When you enroll into this life insurance, you are confirmed a fix rate of premium to be paid on a monthly basis. This premium is fixed and you may continue to pay for it for 10, 20 or 30 years regardless of your health conditions. This helps you ensure your insurance policy for your entire life time. Even if you pass away in between your policy, it will cover for your burial and final expenditures, relevant to your final departure from this world.
SMH Insurance is associated with some of the top rated guaranteed life insurance senior citizens companies such as AIG, MetLife, Mutual of Omaha, Gerber Life and more. Through such a large association, SMH Insurance is able to provide its clients residing in Virginia with some of the best quotes. Their goal is help clients get maximum coverage in least amount of premium.
Why should you enroll?
Here are some of the reasons for you to enroll in this insurance:
- Your present life insurance rates have drastically increased
- You have many dependents
- You want to replace your spouse’s lost social security income with this policy refund
- You have mortgage or loan remaining which you hope for this insurance to cover
- You wish to pre pay for your funeral in the form of this funeral
- You have upcoming estate taxes which you want to be covered with this
If you still have question regarding this outstanding guaranteed life insurance policy senior citizen or any other individual or group health insurance Virginia, then contact SMH Insurance today.