Some people do not think about life insurance until they are much older, or when they are older they realize they need extra coverage. As people age, they begin to think about their families and if they have secured enough financial protection in the event of their death. Financial protection includes ensuring there is enough money to cover all of their funeral and burial arrangements, pay off any outstanding debts, and leave money as a gift for loved ones.
When over the age of 50, many people believe they are too old to be accepted for a life insurance policy, or life insurance policies will be too expensive because of their age. The good news is that in Canada, people 50 and over can still get life insurance at affordable rates. If you are over the age of 50, a 50 Plus Life Insurance policy may be exactly what you need to ensure financial protection for you and your loved ones.
About 50 Plus Life Insurance
Today, getting a 50 Plus Life Insurance policy is actually quite easy and fast. 50 Plus Life Insurance is available to people over 50 years of age, and normally up to the age of 75. Today, people over the age of 50 are very health conscious so many 50 plus individuals will not have a difficult time passing a medical examination to get the life insurance coverage. As well, there are 50 Plus Life Insurance policies available where there is no medical exam or medical report required.
Depending on the 50 Plus Life Insurance policy that you purchase, features of a policy can include no medical exam with just a few health questions, and there are some insurance companies that do not require any information about one’s health situation.
If you are a Canadian Citizen or Permanent Resident/Landed Immigrant between the ages of 50 and 75, acceptance is guaranteed. There are even some policies for those over the age of 75. As well, there are various coverage amounts available that can range from $3,500, up to $25,000,.and benefits and premiums will not change.
50 Plus Life Insurance – Guaranteed Life Insurance
There are affordable Guaranteed Life Policies, or No Medical Life Insurance, available with low monthly payments. Guaranteed Life Insurance may be a good choice if one or more of the following applies to you: if you are over the age of 50, you do not want to take a medical exam, you want a fixed premium, you have some health issues, or you want to provide your loved ones with financial security.
Guaranteed Life guarantees to insure you no matter your current state of health and coverage is guaranteed to never decrease, even if your health status changes after you purchase the 50 Plus Life Insurance policy..Your policy will never be canceled unless you request cancellation. You just have to ensure that you always pay your monthly premiums.
50 Plus Life Insurance – Seniors Term Life Insurance
Seniors Term Life Insurance helps seniors ensure final expenses are covered. Term insurance only provides insurance for the policy’s stated term and duration. This can be for a set number of years, such as 10, 20, or 30 years, or to a certain age, such as term to 75 years of age. Because seniors are now living much longer, people over the age of 50 might choose Term Life Insurance as they may outlive the initial term and require an automatic renewal.
Today, individual life insurance policies are more affordable and provide more flexibility for individuals over the age of 50. Purchasing 50 Plus Life Insurance is an easy, fast, and affordable way for you to help protect your loved ones from financial hardship in the event of your death. With 50 Plus Life Insurance at nomedicallifeinsurance.ca, you get the financial protection you need to ensure you and your family’s peace of mind.