Life insurance is not required for the aged persons. Is it true?
No. In good olden days, when the average life expectancy was about 60 years, people of more than 60 are considered aged and old and at that time, it was considered insuring one’s life involved a greater risk and hence avoided. But as the economy grows coupled with the availability of better medical care facilities, the life expectancy extends beyond 80 in many of the developed countries like US, Canada and western European nations. Hence, the so called older people beyond the age of 55 or 60 now require their life to be insured and so age is not always a factor to shy away from insuring your precious life, especially if the aged ones want income protection for their survivors. It is a common thing nowadays to see older people supporting their children and grand children.
Related Questions
- For persons aged up to 64, the single trip policy covers trips up to a maximum of 365 days in duration and for persons aged 65 to 74 up to a maximum of 183 days in duration. Can my friend and I be covered under the same travel insurance policy?
- Can a disabled person apply for work? Can children and aged persons apply?
- Why the aged persons and childrens got less immunity towards diseases?
