For younger individuals, life insurance may not be a priority early on, while others see it as part of their long-term planning. But what about senior citizens in New Jersey who want to prepare for the future? Are they eligible for a life insurance policy in their golden years? If you’re looking for answers to this important question, our knowledgeable insurance specialists at Creative Risk Management LLC are here to help you explore the possibilities.
Types of Available Life Insurance
Seniors have several life insurance options to consider, including term life, whole life, and universal life insurance. Additional options include simplified issue insurance and guaranteed universal life insurance.
The cost of premiums may be influenced by factors such as age, health at the time of application, pre-existing conditions, and participation in activities considered dangerous. Life insurance policies offer various features, such as no medical examination requirements, affordable premiums that may increase over time, fixed premium rates, guaranteed acceptance, no health questions during application, coverage for burial expenses, and access to the cash value of the policy. Some policies may require a health test.
Contact Us
If you’re a senior citizen seeking information about life insurance, contact us at Creative Risk Management LLC. We understand that navigating the many available options can be overwhelming. Our goal is to make the decision process easier and stress-free. Our agents provide in-depth information and clear explanations to ensure the policy you choose is the best fit for your needs.
