Best Life Insurance For Seniors Over 70
Life expectancy has been rising since time immemorial. Our ancestors used to be lucky to reach the age of 40 given all of the hardships they had to face. Food security was a big issue and diseases could wipe out entire populations. Thanks to science, we are now able to improve farming methods and medical treatments. People can expect to live up to their 80s or even beyond. A lot of folks still work at the ripe old age of 70. They will probably want to get life insurance as an additional security blanket. However, this can be tricky at this stage because of the cost. Here’s how to get the best life insurance for seniors over 70:
You can lower the cost if you can show the insurance company that you are a relatively low-risk client. Prove to them that you are still able to lead a relatively active lifestyle. Being sedentary is associated with the development of a number of diseases such as heart ailments and diabetes. You are more likely to gain weight and become obese. Insurers will look at you and see someone that is probably going to file claims in the near future and increase your premiums accordingly. On the other hand, being active means that you can retain strength and mobility while steering clear of costly ailments.
Focus on your nutrition. Treat food not only as something to keep you feeling full or satisfied but also your fuel and medicine. If you put good things inside your body, then you will feel much better for longer. You can consult your doctor when it comes to this especially if you have some pre-existing conditions and are taking medication. There may be certain types of food that you will want to avoid because of sensitivities and reactions. Get a lot of greens in your diet. Natural is the way to go most of the time. Avoid processed food as these are filled with preservatives and questionable chemicals.
Smoking is one of the worst habits to have. Those who smoke generally develop some form of respiratory ailment later on in life. That’s why insurance companies are wary about taking in these clients. It is one of the grounds for increasing the premium in anticipation of medical problems later on. If you can quit, then do so. The cleaner your lifestyle is, the better your rates will be after their assessment. There are several options you can take such as going cold turkey or using products like nicotine patches and electronic cigarettes. Do whatever works for you.
Just try to stay healthy and safe in general for a better assessment with your insurance application. Don’t do anything that is considered as risky unless you really have to. Your place of residence, occupation, and hobbies should not be considered dangerous. This requires a conscious effort on your part. It isn’t only good for lowering the bills but also great for you in general as you lower the chances of having an ailment or accident. In the past, we thought of those over 70 as being sickly with limited mobility but that is slowly changing today. Lots of seniors are actually healthy and fit.
Finally, make sure that you shop around for the best deals in town. Don’t settle for the first insurance company that you talk to. There’s a good chance that you will find better offers elsewhere. Inquire with about three to five different institutions so that you can truly get a sense of the current climate in the industry. These companies will have similar questions and procedures but they could vary slightly in terms of their appreciation of your case. Small differences can lead to significant savings. Some may even provide discounts that you can apply for. Be diligent in looking for a life insurance provider and reap the dividends.