Superior products and pre-need: The company insurance have developed in recent years to offer products for niche markets, specifically targeting the senior market to meet the needs of aging population. Many companies offer policies tailored to the needs of senior applicants. These are often low to moderate face value whole d life insurance so that insurance for the elderly buy a question of age the opportunity to buy affordable insurance. This can also be marketed as the final expense insurance, and an agent or company may suggest (not require) that the product of a policy could be used para end of life expenses.
Pre-need (or prepaid) sources d insurance: whole life insurance is that, although available for all ages, are usually offered to older applicants as well. This type insurance is specifically designed to cover the cost of funeral when the insured dies. In many cases, the candidate signs an agreement pre-funded funeral with a funeral of a policy of time is requested. The funds are then sure of death be directed to first to the provider of funeral services for payment of services rendered. Most contracts require that excess revenue goes to both the property insured or a designated beneficiary.
