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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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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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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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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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, 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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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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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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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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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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