Protective Life Insurance; A Low Cost Insurer for Healthy Seniors
If you are a healthy senior, you may think that getting life insurance is not a viable option. Medicine and technology have progressed at incredible rates. So much so that humans are living longer and longer than ever before. Recent news told of the world’s oldest persons passing away at ages 117 and 116 years old. Supercentenarians as they are called (people who live past 110) are amazing. I would imagine that these individuals were pretty healthy in their 50’s through their 110’s (relatively speaking). If you are a senior citizen and healthy or know a healthy senior or intend on being healthy in and into your golden years, this blog is for you.
Protective Life Insurance Company’s Advantage Choice Universal Life policy offers a “Preferred” rating up to age 85 on policies of $100,000 and above. Very few life insurance carriers offer a Preferred rating to that age. Protective distances themselves from the competition in offering a life insurance policy of the same face amount (death benefit) at a much lower cost to you. At all ages of 50 and over, Protective is the lowest cost carrier for individuals at a “Preferred” rating. At ages over 80 to age 85, Protective is one of the only insurers that offers a preferred rating. That is important to remember.
Starting at age 81, you cannot get term life insurance. If you want insurance, you have until age 85 to get a permanent life insurance policy. Your options are whole life and universal life. If you want to get coverage at the most economical price, you go with universal life. If you are healthy 81 year old male, with Protective, you could get a policy for the same price as someone 10 years younger.
Knowledge is power and know thy self. Most people assume that if you’re older, you’re not in good health. You can be rewarded for living a healthy lifestyle and being in good health. Being aware of and understanding your life insurance options is important.
About the author: Anthony Veloso has been in the life insurance business for over 2 years. He enjoys coaching football, playing outside with his dog, and taking day trips with his wife and newly born daughter. Anthony is a strong supporter of Orphanages and Battered Woman’s shelters. He would love to put his experience to work for your family to ensure that you have the right life insurance policy. You can contact Anthony at 1-800-654-1953 or AVeloso@Pivot.com.