Protecting Your Family with Term Life Insurance When You’re over 50

Life insurance is a necessity for providing financial stability when tragedy strikes. In addition to the heavy emotional toll that comes with the loss of a parent or spouse, there are real financial costs that can put a strain on family finances. Funeral costs alone can add up to between $6,000 and $10,000 when all is said and done. With a term life insurance policy, you can feel comfortable knowing that these final expenses will be covered when you’re gone.

Most life insurance comes with a variety of acceptance criteria that must be met before you’re covered by the policy. It can be hard to get or very expensive for a person with medical issues or who’s over age 50. Guaranteed acceptance term life insurance is a solid option for people between the ages of 50 and 75 who want to protect their family’s financial future without spending an arm and a leg. These policies can offer guaranteed acceptance because they provide a limited benefit within the first two years, making it much easier for anyone to get this kind of term life policy.

In the past, it was hard or impossible to protect your family with life insurance unless you had purchased it at a younger age or could afford sky-high premiums. Noticing the demand in the market for affordable life insurance, companies such as Fortis Lux Financial started offering this guaranteed acceptance insurance.

These kinds of policies are well suited to many people because they provide a wide range of coverages at an affordable monthly rate. People in any financial situation can choose a plan that fits their budget and need for protection. As long as you make the monthly payments, the benefit is guaranteed for the whole life of the policy.

Fortunately for people who haven’t purchased life insurance in the past, guaranteed acceptance life insurance provides a way for them to protect their family and pay their final expenses once they’re gone. It’s an all-inclusive type of policy that brings financial security to more families than ever.