(PRWEB) June 05, 2014
The five reasons presented in the following blog post have been gathered from various insurance agents. The five points presented aim at promoting life insurance to senior citizens. The main reason for purchasing coverage, most experts agree, is to cover funeral expenses.
A burial ceremony can cost over $9,000. Statistics show that most American families will not be able to cover these expenses. Many will have to take loans, sometimes at disadvantageous rates. In order to prevent such financial hardships, senior clients can purchase a life insurance plan.
Life insurance policies guarantee a death benefit which will be paid after the insured passes away. The death benefit can be used by the insured’s family to cover the funeral expenses. Other expenses can also be covered like mortgage loans and any outstanding debt. In recent years, the insurance market has released several policies designed to encourage seniors to apply for coverage.
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