(PRWEB) December 19, 2013
Online Insurance Marketplace has released a blog explaining the importance of having life insurance for seniors who have dependents.
Life Insurance is an essential policy, people who have dependents should buy. In exchange for regular premiums, a life insurance plan guarantees a death benefit which will be paid to the policys beneficiaries.
The beneficiaries are directly named by the insured and they will receive the full death benefit, which is not taxable. In case the insured dies unexpectedly, his or her family will not be left without any sources of income as the death benefit can provide financial security.
Life insurance is important for people older than 50 years if they have dependents. Seniors buying life coverage may seem odd, but it is nothing strange. Seniors may need life coverage in order to cover funeral costs or provide financial security for their loved ones. Today, elders also have more insurance options.
Typical life insurance plans are sold to people up to the age of 65 years. Older seniors can buy a no medical exam life insurance policy like final expense insurance which insures people up to the age of 90 years.
Final expense life insurance does not require medical examinations to qualify for a plan. The policy asks applicants to complete a medical questionnaire which has four questions. Most people can qualify for coverage. Only seniors who suffer from terminal diseases like cancer or AIDs are not eligible for insurance.
Seniors who have dependents should hurry and purchase a life insurance plan as soon as possible, otherwise their loved ones may be left without any financial means! said Russell Rabichev, Marketing Director of Internet Marketing Company.
Online Insurance Marketplace is an online provider of life, home, health, and auto insurance quotes. It is unique in that this website does not simply stick to one kind of insurance carrier, but brings the clients the best deals from many different online insurance carriers. This way, clients have offers from multiple carriers all in one place, this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
For more information, please visit http://over50lifeinsurance.net.