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Persuasive Essay On Life Insurance

654 Words3 Pages

Chances to Buy Life Insurance for 87 Year Old
Do you find that your previous life insurance policy has expired? Are you going to renew it? You are 87 years old now. You are not working anymore, but wishing to enjoy the retirement moment a bit longer. You consider yourself for having good vitality and do not need to worry about any chronic disease. The healthy lifestyle keeps this confidence and makes you wonder if it is still possible to take another life insurance policy.
The main purpose of purchasing life insurance is to provide financial protection to the dependents due to the insured death. It is an untimely event which is not known by anyone except God. Therefore, it has to be prepared in advance. Your dependents can receive the legacy, …show more content…

It means that at your age, you may only have expensive life insurance policies on the list as the possible options.
If you have financially independent children and some extra income sources, you may not need to worry about how your loved ones continue their lives. However, you may still want to leave a legacy. Then, taking out a life insurance for 87 year old policy can make it happen. You need to widen your net. If you are much confident with the ability to pay out the life insurance premiums, at any rate, you will find more options, including the expensive ones.
Take the time to sit and review the life insurance policies to choose from as an elderly. Mainly, you have two options. First, it is the term life insurance policy which costs not too expensive, but it is typically unavailable for seniors. Second, it is the permanent life insurance policy, such as whole life insurance, that has high rates but offers cash value alongside the death benefit. If you need easy and quick access, the whole life insurance is much more recommended. However, be aware of the rates and related terms. Take a time to do a research, finding the best deals from the independent insurance

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