If you think life insurance is something you can’t buy after age 65, you are mistaken. There are numerous insurance options for seniors who need to replace policies, want to improve coverage, or provide an inheritance. At Alloy Wealth, our insurance services include personal, liability, and life insurance. We have access to nearly every carrier and every type of insurance and can customize an insurance strategy designed to protect you and your family.
If you retired and lost your employer sponsored group life insurance, whole life insurance may be a good replacement option. It provides long-term coverage and a guaranteed death benefit to loved ones. If you are worried about upfront costs, term life insurance is usually less expensive than whole life insurance and offers a death benefit.
A great way to improve your coverage is with long-term care insurance. Premiums do increase with age, yet even at age 65 we would recommend you consider it to protect against the rising costs of healthcare. Long-term care insurance will cover home health care, in home care, assisted living, and nursing homes.
When it comes to choosing insurance, you have a lot of choices. We understand that selecting the right insurance can be a bit overwhelming and are here to help. Contact us and we will explain the difference between term and permanent life insurance, and whole, versus universal or variable. Then we’ll recommend an insurance strategy that checks all your boxes. Call 800-689-3935 to speak with one of our team members.