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Home » Life Insurance for Seniors Over 75 in Canada
The least expensive option would be for someone who is looking to exclusively cover funeral expenses. Life insurance rates are often incredibly high for retirees. Instead, you can secure a pre-need funeral insurance policy; this would be the most affordable life insurance since any other traditional type of life insurance plan at this age can become prohibitively expensive.
If you would like your life insurance to cover your taxes should you pass away, that’s when you would consider a traditional Whole Life or Term 100 policy. You should also have funeral arrangements in place so that the cost of the funeral is covered with minimal expense to your family. These funds are usually directed to the funeral home and if any funds are not required, the balance is remitted directly to the beneficiary of the policy. As mentioned earlier, if you would like your life insurance to cover your taxes should you pass away, you may prefer a Whole Life or T100 policy, however, that will be more expensive than Funeral Planning insurance alone.
You may also wish to consider a Simplified Issue Life policy, which our associates have access to through several of Experior’s partner insurance companies.
Yes, absolutely! Even if you have never had a policy before, you can still be eligible for life insurance for seniors over 75 and up to 85. There are still coverage options available to you. Contact an Experior Associate today to get life insurance quotes for seniors over 75.
Life insurance coverage for seniors can be a costly expense, especially if you have medical issues (like high blood pressure) that may require a medical exam. In order to qualify for Whole Life insurance or a Term Life insurance policy, medical history would be required. However, pre-need coverage does not require any medical questions and is guaranteed issue. Our Associates can answer any questions you may have about no medical life insurance for seniors in Canada.
If you’re a senior looking for affordable life insurance coverage and the best life insurance rates in Canada, Experior Financial Group Associates can help. They can provide you with guidance on the best plan for your situation, given your health conditions, end of life expenses, needs, age, and final wishes. Our associates can help Canadians with Guaranteed Life insurance, Permanent Life insurance, Medical Life insurance, and senior life insurance. We can also help clients with Universal Life, Health Insurance and finding the most reasonable life insurance premiums overall. Experior’s associates can also refer you to a third party for home insurance and auto insurance.
With Experior, you will have peace of mind knowing that all your insurance-related questions have been answered and that your needs have been covered for you and your family, no matter what age group you fall in. If you are not prepared for the unexpected, there is risk involved. We will assist you in finding the most affordable life insurance for senior citizens. Contact us today to receive an insurance quote from an expert associate.
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