If you’re over age 65, you may be interested in senior market life and health insurance. This coverage, from Buena Vista, VA companies like Stonewall Grace Insurance, differs greatly from general coverage. Read on to find out how insurance coverage tailored specifically to senior citizens stands out from insurance meant for a general demographic.
Senior Coverage Is Guaranteed
While most life and health insurance rely on various criteria to approve or deny coverage, senior insurance is guaranteed. Though not all providers have the same requirements, if you are generally within the age limit of a senior citizen, you may qualify for coverage.
Of course, your rates may vary depending on your circumstances and the coverage you choose. For instance, a ninety-year-old female with heart disease may have to pay more for her coverage than a sixty-five-year-old female who is active and reasonably healthy. despite that, your coverage will not be denied.
The Rates Are Capped
It’s no secret that seniors often live on a fixed income. With pharmaceutical product prices skyrocketing and seniors being unemployed due to health conditions, an option that offers capped premiums is particularly interesting.
If purchasing your policy with Stonewall Grace Insurance, your senior life or health stays the same in terms of monthly rates. The guarantee is in place for the rest of your life.
Senior Life Insurance Covers End-Of-Life Expenses
While other insurance meant for a broad demographic can cover many things, senior life insurance is specifically meant for end-of-life expenses. Having this type of coverage in place ensures that your loved ones are not left scrambling for finances to pay for your funeral or settle any leftover debts.
Similarly, senior market health insurance is meant to supplement senior care coverage such as Medicare or a similar type of policy. Insurance specifically for seniors helps with any and all hospitalizations and related medical bills at the end of your life as well.
Senior Health Insurance Allows Preexisting Conditions
Lastly and perhaps most importantly, while other types of insurance exclude preexisting conditions, senior insurance keeps them in perspective. Few seniors who seek coverage are without preexisting conditions. Therefore, your coverage won’t be limited nor will your premium be raised due to preexisting conditions.
Are You Ready To Sign Up For Coverage?
As a senior citizen, life and health coverage that caters specifically to your age and interests is the best option for you. If you live in Buena Vista, VA, call our friendly agents at Stonewall Grace Insurance for a quote and some guidance. We are standing by to help you get the right coverage.