Whether or not a senior citizen needs life insurance protection will depend on that particular seniors situation.

However, many seniors do buy life insurance plans to provide for their final expenses, which may include the cost of their funeral and burial expenses.

Some of the most common reasons seniors need life insurance may include the following:

• To Pay for Final Expenses – Funeral and Burial Costs
  
• To Pay for Hospital Bills
  
• To Pay Off Credit Card Debt
  
• To Pay Off Personal Loans
  
• To Pay Off Home ...

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If you are considering the purchase of a term life insurance policy you may be wondering who buys term life coverage.

Usually, term life insurance is purchased by those who need protection to last for thirty years or less, since term life offers life insurance for 10-30 years periods of coverage.

You may be able to choose a term life policy that provides life insurance for 10, 15, 20, 25 or 30 years.

Term life is not only the cheapest life insurance for 30 years or less, it provides you with the...

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If you are a senior looking for life insurance, you may wondering how much life insurance to buy?

The right amount of coverage for seniors will vary by individual based on your particular goals you want to accomplish with your life insurance policy.

Some seniors may need life insurance to pay for their final expenses, while others may want life insurance to provide some money for their spouse's retirement, or their grandchild's college education.

It's usually a good idea to use a life insurance ...

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Do both spouses need life insurance protection?

That depends on your situation; however, if you rely on both spouses for income, or taking care of the household, it may be a good idea to have life insurance on both spouses.

Even if you have a stay-at-home spouse, or a spouse that doesn't earn an income, everything your spouse does for your family would need to be taken care of should that spouse pass away.

And, you would have to pay someone to do those tasks; such as, running errands, grocery sh...

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Term life is temporary life insurance and provides coverage up to 30 years.

If the insured dies during the policy term, the death benefit is paid out to the beneficiary of the policy, subject to the terms, conditions and exclusions in the policy.

If you need life insurance protection lasting for a duration of thirty years or less, then term life insurance may be right for you.

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Life insurance is a contract between an insurance company and the owner of the life insurance policy.

The insurance company agrees to pay out a death benefit on the policy when the insured person dies while the insurance is In Force.

In return, the owner of the policy agrees to pay premiums on a regular basis for the life insurance coverage.

The death benefit is paid to the beneficiary which is chosen by the owner of the policy.

If you have anyone who relies on you for financial support you may h...

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If you're looking to purchase burial insurance to cover the cost of your final expenses, you'll want to consider how much insurance you need.

Today, the average burial and funeral costs are around $8,500 in the US.

This total may include common expenses related to a burial including the cost of burial, burial casket, funeral, headstone, hearse, embalming, flowers, memorial service, etc.

Several insurers now offer up to $20,000 or more of burial insurance to cover your final expenses.

These plans ...

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It really depends on your situation.

First, how much money did you put down when you purchased your home?

If you are putting down less than 20% for a down payment on your home, then you may be required to purchase PMI insurance, to protect the lender.

However, if PMI is not required, then you may not need life insurance.

But, it is a good idea to have some life insurance to make sure your loved ones have the money needed to pay off the outstanding balance on your home mortgage loan in case you d...

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If so, you may want to learn about life insurance to cover your end of life final expenses.

No one wants to leave their loved ones with the financial stress of paying for their final expenses when they die.

Imagine your family members mourning your death and finding out they have to pay thousands of dollars to make sure you have a nice funeral and burial.

And, what if you passed away after a prolonged illness leaving medical bills and other debts for your family to pay?

That’s where end of lif...

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Actually, that depends on your age and health.

Fidelity Life does offer life insurance with no medical exam required for healthy people who meet the age requirements for approval.

You can get a free quote for coverage with no exam required. Fidelity Life offers up to $499,999 of no exam term life insurance protection.

Fidelity Life offers competitive pricing on life insurance without an exam.

Here's how to learn more about Fidelity Life Insurance with No Medical Exam needed.
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If you own a term life insurance policy and have been insured for several years, or you've experienced a major life event in recent years; such as buying a home or getting married, you may be wondering if you need more term life insurance.

You very well may need to add some more life insurance coverage to your financial plan if your financial responsibilities have increased since you purchased your term life policy.

The best way to find out your current need for term life insurance is to use a ...

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It depends. Are you a homeowner with a mortgage?

If so, you may have a need for life insurance. Why?

Because, how would your family make the mortgage payments each month if you were to pass away today?

That's right. If you were to die, your family may be unable to continue living in the home they shared so many memories with you.

Now, why risk the chance of leaving your family out in the street, or having to move?

Life insurance can help provide you with peace of mind knowing should something happ...
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Are you in need of life insurance protection that starts today?

If so, you may want to consider Haven Life, which offers healthy, qualified individuals the option of purchasing top to $1,000,000 or more of affordable life insurance online today.

With Haven Life you can get a free quote, apply online and begin your life insurance coverage right away, if you qualify.

They offer the quickest and easiest way for healthy people ages 20 to 60 to get insured at affordable rates.

Learn more if you need l...
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If you’re considering the purchase of a life insurance policy to protect your loved ones, one of the most important questions you’ll ask yourself is "How much life insurance to buy?

Choosing the right amount of life insurance is a major factor in providing your family with the financial security they will need in case you pass away. And, it has the added benefit of making sure you aren’t paying for more life insurance than you actually need, given your goals and personal situation. 

The m...

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I need burial insurance but I don't know how to get insured.

If you need life insurance to cover the cost of your burial there are burial insurance policies that offer guaranteed approval for people between the ages of 45-85.

Guaranteed approval means you are guaranteed coverage if you meet the age requirements.

Although some life insurers may have different age requirements for guaranteed acceptance, United of Omaha offers coverage for people 45-85.

The amount of life insurance coverage availabl...
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I want to get temporary life insurance, but I'm not sure which type to get and for how long.

When it comes to choosing term insurance, your basic options for duration of coverage are from 10 to 30 years.

Most insurers offer term life plans that last for a period of 10, 15, 20 or 30 years.

In addition, the most popular type of term insurance is level term life insurance because it's easy to understand, flexible and offers the most affordable rates.

Learn more about what term life insurance do you ...
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If you're considering the purchase of a life insurance policy, it may be because you actually need protection.

Many of us think about life insurance when a major life event occurs; such as, a family member passing away, buying a new home, getting married, getting a promotion at work, or having a child, etc.

If you have anyone who relies on you for financial support, you may need life insurance to guarantee their financial security in case you die.

Life insurance can be used by your beneficiaries...
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I want to buy a term insurance policy; however, I am not sure how much life insurance coverage I need.

In order to figure out how much life insurance you need you can use a term insurance calculator which will have you answer some basic questions about your personal financial situation and your financial goals.

Once you complete the questions asked on the calculator, you just click a button and instantly receive an accurate estimate of your life insurance needs.

By using a needs calculator you c...
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What are some tools I can use to help me find affordable life insurance coverage form a highly-rated insurance company?

There's several good tools you can use for finding the right life insurance plans from a top carrier.

1. Life Insurance Needs Calculator - A needs calculator can help you to easily determine what your actual life insurance needs are - how much coverage to buy.

2. List of Top Carriers - A list of the leading insurers will show you the insurers writing the most business and their...
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I have life insurance through my employer. Is that enough?

It depends on how much life insurance you have through work, and how much life insurance you need.

You can use a life insurance needs calculator to quickly and easily determine how much total life insurance coverage you really need.

Usually, a life insurance plan through your employer will provide 1 times your annual income in coverage. So, if you earn $50,000 a year, you may have $50,000 of coverage. But this may vary b...

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Yes, you may need life insurance now that you are getting married.

One of the primary reasons for getting life insurance after getting married is for income protection purposes so your spouse can maintain the same lifestyle for a given amount of time without having to worry about financial matters.

When a family loses an income stream due to the death of a spouse, the surviving spouse often has to make a dramatic shift in lifestyle choices with no way to have that income immedi...

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I want to purchase a life insurance policy but I'm not sure which type of life insurance will be right for me.

There are two type of life insurance policies - Term and Permanent.

Term is temporary life insurance for a period of 1 to 30 years. Most term life policies provide coverage for a "term" of 10, 15, 20 or 30 years. So, if your need for life insurance is for 30 years or less, then term life insurance may offer you the most affordable option.

Permanent (whole) life insurance provides guaran...
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Yes, you may need life insurance coverage for ,many different reasons when you are retired.

For instance, if you own a large estate that is subject to estate taxes; or wish to leave a financial legacy to your children or grandchildren (heirs).

In fact, permanent life insurance coverage may be paid up by retirement and is an asset with many different uses. It can be used to help pay for any critical illness expenses, as a supplement to your retirement income, and more while you ...

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Your child may or may not need life insurance? That really is up to you as a parent to determine if you should buy life insurance on your child.

Why is it that parents like you get child life insurance plans?

It's actually very simple: Life insurance for your child is very affordable and can provide guaranteed life insurance protection for your child's entire life.

There are many benefits of buying children's life insurance policies.

Considering the increase in health issues related to children t...
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Life insurance plays an important role in your financial and retirement planning.

Life insurance creates cash upon the death of the insured person, and can also offer tax advantaged growth inside the policy.

Your first step is to determine what you want to accomplish with your life insurance and if your need for life insurance is temporary (30 years of less), or permanent, for your entire lifetime.

If you have a family you might want your life insurance coverage to replace y...

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First, whether you need life insurance at any given point in time is based on you individual situation, future goals, and needs.

For most people, life insurance may be needed after they retire, since life insurance creates cash at death.

Some uses for life insurance after your retirement are to help pay for your burial, funeral, and other related final expenses, pay taxes upon your death, and other business estate or legacy planning purposes.

In addition, cash value (perman...

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There are many people who may not really need life insurance coverage.

For instance, if you have no family, and no one who relies on your for any means of financial support, you may not need life insurance.

And, if you are under age 25 you may not really have much of a need for life insurance.

Also, if you have life insurance through your employer, and you have no family, you may not need life insurance.

However, it's important to note, that your needs may change over time, and if your health cha...
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The amount of life insurance someone needs who is 30 years old may depend on that person's situation.

For example, if you are married, have children, or single with no kids or dependents.

The greater your financial obligations the greater your life insurance needs, but that will also depend on how much you earn and how much money you have saved.

In addition, your future financial goals will impact your need for life insurance, as well as, your current outstanding debt.

Are you employed? If so, yo...
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Choosing the right amount of life insurance protection for your loved ones is one of the most important decisions you make when purchasing a life insurance policy.

You don;t want to spend more than you need on your life insurance, but you want to get the coverage amount that will meet your goals, and protect your family's future.

How can you go about finding how much life insurance you really need?

It's easy. You can use a life insurance needs calculator. 

You just answer some basic questions abo...
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The amount of life insurance you need will depend on your own personal situation, and what goals you want your life insurance policy to accomplish.

Many people choose to buy the amount of life insurance that will eliminate their debt and provide enough money to help their loved ones continue the lifestyle they have enjoyed with the insured person.

If you want your children to got o college, you will provide enough life insurance for that goal.

If you want to provide funds for your spouse's retir...
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Yes, if there would be a financial hardship if the non-working spouse died.

Let's say the wife has a very demanding and high income career. The husband stays home to raise the kids and take care of the house. What if the husband were to suddenly die?

Now the wife has to hire a nanny, a house keeper, a cook, and possibly a personal assistant to replace all of the the work that was being done before by the stay-at-home dad.

You would need full-time help or at least part-time h...

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There are many different situations that would present a great need for life insurance.

Among those with the greatest need for life insurance protection may be:

1. Young Families.

2. New Homeowners.

3. Couples with several children.

4. Families relying on one income.

5. Married couples with children and no savings.

6. Widow with children.

7. Single parent with 2 or more children.

If you have people who rely on you for financial support you may need life insurance coverage.

Many families buy life insura...
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If someone who is 24 years old has college debts, a spouse, children, a home, or other financial obligations or debts, then life insurance can be a good way to take care of those.

Older people over age 30 usually have more financial resources saved up, while life insurance may be the only way a younger person can take care of debts and other financial obligations.

Life insurance rates are usually extremely low at age 24, and you can lock in rates for 30 years or more with a 3...

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