$1 Dollar Insurance “Catch” or Scam
Does One Dollar Really Buy Life Insurance?
No, $1 does not buy life insurance. Sorry. The dollar you send in with your completed application is an advertising gimmick. Of course, if you application is accepted, and you complete the first 1 - 3 months of your policy, you will receive a notice of a much higher rate. Many people cancel after the trial period, and companies who advertise the $1 buys life insurance — and you know who you are — expect that. They just assume that a lot of people who have gone through the trouble to apply, will go ahead and keep the life insurance.
In fact, those senior life insurance companies who advertise that very low rate plan on using the people who cancel for years to come as leads to send other insurance agents to your door or to call you on the phone.
Do yourself a favor, and just purchase final expense insurance for seniors at the real rate in the first place. In fact, life insurance companies who are really competing on price in a above the board manner will probably beat the $1 price in the long run. $1 does not buy life insurance.
NOTE: Sometimes a very low rate like $1 or $2 will buy a child rider on an adult policy, but that is different.
Also See: Life Insurance For Old People
final expense, burial insurance, life insurance, seniors, elderly
Technorati Tags: final expense, burial insurance, life insurance, seniors, elderly
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What is Final Expense Insurance?
What is Final Expense Insurance?
Funerals are stressful enough without having to worry about coming up with several thousand dollars to pay for a funeral. Sometimes debts need to be settled, medical bills must be paid, and loved ones need to travel to a funeral too. Final expense insurance provides cash when the insured person dies, and that way the policy beneficiaries do not have to worry about coming up with money at this time.
Final expense policies are designed to be an affordable way to plan, and also to be easy to issue for older and less healthy people. Simplified issue policies ask very few health questions. Guaranteed issue policies do not require any health questions to be answered.
Learn More: Final Expense Insurance Policies For Seniors
Find Out: Final Expense Insurance Rates
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Best Term Life Insurance Deal
Lots of people are searching for the best term life insurance at the lowest rates. They search the internet, talk to life insurance agents, and ask around. However, it is very difficult for anybody to point a potential life insurance client in the right direction without collecting any information. As you know, life insurance rates depend upon health history, age, health habits, and even zip code! Some life insurance companies take a credit score into account in much the same way many car insurance companies do!
Best Term Life Insurance Quotes Online
Since so much detailed information goes into a life insurance rate, the way to get an accurate idea is to run competitive quotes. it makes sense to find an easy way to compare quotes. That’s why we like online quote forms. You can fill your information in one time, and then sit back and compare rates and companies. It is worth it to compare because we find a difference of hundreds of dollars between the policies of top life insurance companies for the same individual.
If you are interested in privacy and convenience, consider No Medical Exam Life Insurance.
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