Senior Citizens Resources

Low Cost Senior Life Insurance Program Article

Thumbnail example

This is a selection made from among articles on Low Cost Senior Life Insurance Program. For a permanent link to this article, or to bookmark it for future reading, click here.

Final Expense Life Insurance

from: Karlie Bestler

Each year Americans spend billions of dollars on funeral, burial and cremation expenses for spouses, parents, siblings, children and friends. Funeral, burial and cremation expenses rank among the most expensive purchases many people will ever make. A traditional funeral service along with the cost of a casket and vault is approximately $6,000 to $8,000 these days, and this does not include the costs of a traditional in-ground burial such as the cemetery lot, opening and closing the grave and the marker or headstone. These cemetery costs average $4,000 to $6,000.

Extra costs such as flowers, limousines, cards and notices can add another $1,500 to $2,500, making the total cost of traditional funeral and burial anywhere from $11,500 to $16,500 today. These are the costs today, but one has to consider the effects of future inflation. What will funeral and burial costs be in future years?

Seniors are very aware of the reality of inflation. Many seniors realize what has happened to the cost of funeral and burial in the past 30 years and realize what will happen in the next 20 years. That is where final expense life insurance can help.

Most seniors do not want to create an additional emotional or financial burden for their spouses, children or other loved ones when they pass on. A low cost final expense life insurance policy is one solution.

When a loved one dies, there are often other expenses besides funeral, burial and cremation, such as:

*Unpaid hospital, doctor, and other medical bills
*Unpaid federal and state taxes
*Unpaid debts and bills
*Probate costs and attorney fees

Someone in your family may have to meet the costs of all these final expenses unless you relieve them of this burden with final expense life insurance or low cost whole life insurance for seniors.

Funeral/burial plus other final expenses can easily be over $20,000 today much more in the future. Purchasing and paying for whole life insurance for seniors is an act of love because the insured will not be around to claim the money that will be paid tax-free to the beneficiary. Purchasing and paying for whole life insurance for seniors is one of the best options to see that your final expenses are paid.

Senior-Citizen-Life-Insurance Online News

Should You Buy Long-Term Care Insurance?

As life expectancy increases, so do the costs associated with aging, especially when seniors need help with daily tasks like dressing or eating. A 2011 MetLife survey shows that the national average cost for a home health aide was $21,840 annually, while a private room in a nursing home cost $87,235 per year in 2011.

Georgia's Top Two Youth Volunteers Selected in 17th Annual National Awards Program

Kenneth Smalls-Muldrow, 17, of Pooler and Rashad Holmes, 13, of Rockdale today were named Georgia's top two youth volunteers for 2012 by The Prudential Spirit of Community Awards, a nationwide program honoring young people for outstanding acts of volunteerism.

Iowa's Top Two Youth Volunteers Selected in 17th Annual National Awards Program

Kayla De Weerd, 14, of Hull and Hannah Jorgensen, 13, of Adair today were named Iowa's top two youth volunteers for 2012 by The Prudential Spirit of Community Awards, a nationwide program honoring young people for outstanding acts of volunteerism.

Centerra Gold Updates Reserves and Resources Total Gold Reserves 8.1 million Contained Ounces