| Seniors do need life insurance. Just because the | | | | Even though a couple may be older, they each |
| children are all grown up and moved away does not | | | | usually have some kind of income. This income may |
| mean older folks don't need life insurance. Older folks | | | | have them accustom to a particular life style. If one |
| may not need as much life insurance as a young | | | | of them should die, they may not be able to keep up |
| couple with kids and a mortgage, but, they should still | | | | this life style. Especially with the ever rising cost of |
| have some. | | | | inflation. A small term life policy may be all it would |
| Of course, if you have no one who depends on you | | | | take to make sure the survivor can maintain the life |
| financially, and all your bills are paid prior to your | | | | style they have become accustom to. |
| death and you have enough in your savings to handle | | | | A whole life or permanent life insurance has it's |
| your funeral expenses, you may not need life | | | | advantages also. It has a tax differed savings that |
| insurance. Even if the kids are gong and the bills are | | | | grows with the policy. A portion of your premium |
| paid, you may still need life insurance if one of the | | | | payments are used to fund this. In time, this can build |
| following pertains to you: | | | | up to a very nice cash value. This can be turned into |
| Now days, dying has gotten very expensive. If you | | | | an annuity or drawn on if needed. |
| do not have $10,000 put away for funeral expenses, | | | | A supplement term life insurance policy can be a |
| the burden will be passed along to your family. If you | | | | security blanket for you and family members even if |
| have a large estate. Estate taxes can be very high. | | | | you have a whole life insurance policy. With the cost |
| Having a tax differed savings in your policy can pay | | | | of living constantly on the rise, you're existing whole |
| for these taxes so the burden does not fall on your | | | | life policy may not be enough to pay your final |
| beneficiaries. | | | | expenses and help your surviving family members the |
| Even though your surviving family may not be | | | | way you had planned. |
| dependent on you now, your death may be a severe | | | | So, when deciding on your policy, consider the life |
| blow to them where they're unable to generate an | | | | styles of your surviving family members, the future |
| income for themselves for a while. Your policy would | | | | cost of living hikes, the rising cost of funeral |
| make sure they're taken care of during this recovery | | | | expenses, and the ever growing life expectancies of |
| period. | | | | people now days. You can find a cheap life insurance |
| It's much easier to have a $10,000 life insurance | | | | quote if you take the time to compare. |
| policy than it is to keep $10,000 cash on hand. | | | | |