Top Quality Insurance-Related Articles Discovered

Life Insurance For Elderly People: How To Find A Better Premium

Jan 15, 2010 Term Life Insurance

Life insurance for elderly people is more common now than in the past for several reasons. Life expectancy is longer; people are not only living longer, they are healthier. Those who are concerned about costs associated with end of life rites and requirements choose to obtain life insurance to protect family members from catastrophic costs at death. Although some life insurance premiums for senior citizens can be costly, there are companies that specialize in economical senior policies

One way to save money on life insurance premium costs is to purchase a term life policy. This type of policy is good for a specific time period such as 20 years or 30 years. If the policy holder dies during the term of the policy, benefits are paid to the survivors. If the policy holder is alive at the end of the term, the policy amount is paid to the policy holder rather than to the survivors.

Choose a Special or Limited Agency

Saving money on policy premiums is possible when you purchase from one of the companies that deal with the niche market. Their specialty area is that of elderly clients. Sometimes, these companies sell policies for lower costs. They may even eliminate the need to obtain a physical examination in order to be covered. Because of the large size of the market niche, the company is able to sell a policy at a lower cost.

Deferred Life Insurance Policy

If you are just looking for a policy to cover funeral and burial expenses, you can choose a deferred life insurance policy. If the policy owner dies within two years of the purchase of the policy, the insurance company returns the actual amount of the premiums paid plus interest. If the person dies more than two years after the purchase of the policy, then the full policy payment is released.

Policy Provisions by the Employer

Some employers have life insurance plans. If you are not retired and younger than 85 years of age, your employer may have a plan that is affordable for you. Check with the personnel office for information about options. The plans may cost somewhat more than those offered to younger workers, but are still more affordable than in past years. Individuals are living longer and tend to have healthier lifestyles.

Stop Smoking

Non-smokers tend to be healthier than smokers and they also live longer than smokers. If you are a non-smoker or if you have quit smoking for at least one year, your rates for life insurance are likely to be lower. Non-smokers are in a lower risk group than smokers and can thus obtain better rates.

Shop Online

Shopping for insurance online is an almost certain way to get a lower cost on your life insurance policy. Do an online search through your favorite search engine. One of the sites that collect your information and provide quotes from two or more insurers is likely to provide more economical life insurance coverage.

These are ways of reducing the cost of life insurance for elderly people. Favorable rates for individuals past the sixth decade of life can be found by doing proper research. Take advantage of the internet, specialty companies and employer plans to get even better rates for life insurance coverage.

Need to buy life insurance for elderly, but not having much luck? Check out no physical exam life insurance for elderly offers online. Get the coverage you need today!

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Final Expense TeleSales - Experts Make the Switch.

Jul 13, 2009 Business Insurance

Selling insurance over the phone is the fastest growing sector in the insurance industry today. Nights in hotels, outrageous gas prices, poor leads and a changing industry is moving agents out of the field and onto the phones. Final Expense is the most lucrative product to sell over the phone and has the most upside potential.

Agents that spend countless miles on the road to get to appointments are often disappointed when the potential client is not there. Many times only 1 client is there and the other spouse, for whatever reason, decided the appointment not as important as the agent. So much of the agents time and money is wasted on travel and driving to appointments that are not there.

Each month agents need quality leads to continue working his or her business. Since many agents financials are often near empty, ordering leads, though essential is often times difficult.

At $25-$35 per lead it is difficult to afford enough leads to make an agent successful. Agents tend to short themselves when it comes to buying leads, therefore, setting themselves up for failure.

An unproductive insurance agent leads to a poor and struggling insurance agent. The average agent spends 25 - 30 hours setting appointments and then driving back and forth to the clients house. Only a few hours are actually spend being productive and being in the true selling situations

A large number of agents selling health care, med advantage, mortgage protection and Long Term Care are making the switch to selling final expense insurance. The biggest reason is because the only product not affected by the economy and the threat of new government regulations is Final Expense. They are not only making the move to selling final expense but more specifically they are getting of the roads and doing final expense telesales.

Agents are seeing the true benefits of final expense telesales because they never have to travel again unless it’s for vacation. Forget about those overnight stays and paying at the pump for good. The furthest travel for a telesales agent is to their home office.

When talking to agents across America, one of the accepted parts of the weekly grind is driving 50-180 miles to an appointment and no body is there when they get there. Many times one spouse doesn’t show up and the agent has to reschedule and drive all the way home or sit around until the next appointment. Final Expense TeleSales agents never worry about no shows since they can just hang up and dial the next lead. Pretty sweet!

Agents getting into final expense telesales must find a platform that provides good contracts and a lead program that will lower their cost to practically zero. With the right program, an agent has access to virtually unlimited leads and many of those leads cost the agent nothing at all.

Telesales agents have eliminated all personal expenses from their business. Agents no longer have gas expenses, hotel expense, wear and tear on their car or any other personal expense associate with running appointments in the field. Besides lowering lead expenses by finding the right group to work with, personal weekly expenses are vaporized.

The reason why Final Expense is the best product to sell over the phone is because it is simple to learn and understand, regulations and government will not be changing it, simplified issued which means agents get paid fast and you can do more presentations in a day than you can in a week of selling in the field.

There is a new phenomenon happening across America today and that phenomenon is Final Expense Telesales. Agents are discovering a much better way of selling insurance and therefore creating a much better quality of life for them and there families.

Tags: a, b, burial insurance, business, Business Insurance, c, careers, e, Education, entrepeneurs, f, Final Expense Insurance, final expense telesales, finance, h, Home Based Business, i, insurance, l, Life Insurance, m, n, s, sales, Small Business, telesales, u

Boomers Need Final Expense Insurance

May 3, 2009 Business Insurance

All of us have seen thousands of ads for insurance products - term life policies, whole life, universal life, and on and on in a confusing parade. The prudent among us bought one or more types of policies when younger. Many of us soon-to-be-retirees did not, or we lost our coverage through financial and health issues.

Final Expense Insurance Is A Second Chance To Be PrudentIt is for those of us sensible enough to plan for our own passing, and who want to express our concern for the well-being of those we leave behind. Not limited to limited just to burial costs, final expense insurance gives those left behind freedom to deal with many types of expenses, medical bills, debt other than burial, or even just as a gift.

“Average” Funerals Hard To Figure It is difficult to obtain reliable figures for current funeral services. Government numbers haven’t been reported for several years, and practices vary widely around America. Just relying on an “average funeral price” of $8 - $10,000 is a poor way to plan. Costs in rural areas can be notably less while large city burials could easily cost more than double!

Discover Local Funeral Costs This Way Question your friends, minister or insurance professionals in your area about actual costs. Be certain that you discuss the level of service appropriate for you and your circumstances. It isn’t fun to think about our passing yet you must plan now, or your loved ones will be forced to deal with these difficult issues at an especially difficult time.

Designed For Easy Issue Most of us in reasonable health between 50 and 80 can obtain final expense insurance. This is possible because the maximum amount of coverage is limited to $50,000, and by separating the policy types into two classes - guaranteed issue and simplified issue.

Medical Exam Not Required No one between 50 and 80 years of age is turned down for guaranteed issue policies. Everyone will qualify and no medical exam will be required when you apply for this type of policy. Most guaranteed issue policies have a waiting period of 2 - 3 years before death benefits can be paid out.

Drawbacks to Guaranteed Issue Policies There are two drawbacks if you choose this option. First your rates will be higher due to health risks unknown to the insurer. Second, should the insured person pass away during the waiting period death benefits will not be payable. If this occurs premiums already paid in are refunded, sometimes with interest. Simply put, if you not want to answer any health questions insurers know they are taking a bigger risk - they charge accordingly for guranteed issue and they delay the availability of benefits.

Average Health Yields Reasonable Rates Written to include reasonably healthy older people,simplified issue final expense plans do ask some health questions. If you qualify premiums are less than guaranteed issue plans and the benefits are available immediately - there’s no waiting period. Choose a simplified issue final expense insurance policy if you possibly can. You’ll save money, be covered immediately and give your loved ones freedom and flexibility during a difficult time.

Tags: business, Business Insurance, business;finance, Final Expense Insurance, insurance