Why Buy Whole Life Insurance for Kids Through Senior Citizens?
Most of the chat about life insurance, is for a term life insurance product. It is understandable because temporary coverage is usually more affordable for large amounts of death benefit. Why? Well, because of the very nature of term life insurance. It expires after a set amount of time, or a term. The company underwrites the policy and of course, only offers coverage to people that they believe will outlive whatever time period the insurance covers. So when you apply for a 20 year term policy, and the company issues your policy, they believe you will survive that period of time! Of course, that is good news, but is this really the security and benefit you are looking for? You may find yourself lacking any sort of coverage just when you need it the most! If you find yourself without life insurance, just when you are middle aged or older, you can still find a policy. Senior life policies are intended to issued with very mild underwriting so most older people can qualify. Guaranteed life
