Obtaining life insurance when you are first starting out in life makes perfect sense. You will want to provide for your spouse and children should an accident or a fatal disease takes you away from your family. But what about life insurance in your senior years? Focus Insurance serving Eureka, MO would like to explain.

First and foremost a life insurance policy as you enter your senior years is a way to pay for your final expenses. These include funeral costs, paying off any outstanding debts, including hospital and other medical bills, and a home mortgage. In that way, your heirs will not be burdened with paying the cost of such expenses.

Second, a life insurance policy is a great way to leave an inheritance to your loved ones. The payout from a life insurance policy is not subject to probate and thus can be distributed to your beneficiaries relatively quickly after your death. Your beneficiaries can include your spouse, your adult children. Or anyone else you choose to designate, such as a business partner.

It should be noted that the younger you are, the less expensive that your premiums will be. That means that you could use the same life insurance policy that you took out when you were young, adjusting details such as the identity of the beneficiaries and other details depending on your changing life circumstances. The older you are, the more difficult it will be to obtain life insurance, though with professional help it is certainly possible.

For more information on the benefits of life insurance as you enter your senior years, feel free to contact Focus Insurance serving Eureka, MO.

If you’ve ever dabbled in applying for an insurance policy for a car or a home in Eureka, MO, you know there’s a lot of paperwork involved. The property has to be identified, appraised, documented, and referenced with an independent source such as the state DMV or a county recorder’s office. However, when it comes to life insurance, the primary focus of attention is you. And that makes a big difference in setting up a policy.

Everyone should have a life insurance policy for a couple of reasons. First, it helps those left behind deal with your last arrangements, which can be costly with the price of funerals and memorials today. Second, if someone depends on you for financial support, such as family, a life insurance policy gives them a safety net for a while in your sudden passing and unexpected income loss. Finally, it’s your way of helping out specific people in your life you care about.

The actual process of setting up a life insurance policy is fairly easy. Focus Insurance, for example, can start a policy with a Eureka, MO consumer over the Internet or by phone. The necessary information required is easy to transfer by e-mail, and all that is usually required after the fact is a standard blood test. That’s usually handled by a trained and licensed sampler who comes out to your work or home, takes the sample, and closes the application with the medical information from the test. In comparison, it could take days and weeks for property insurance to get resolved, especially if the property is uncommon. To find out more or to get your policy started, give Focus Insurance a call or email today!