Life insurance is becoming more and more popular since more people are finally realizing the benefits of leaving their families and loved ones a cash amount behind to help them cope with the loss of income. With the life insurance pay out, your family can buy groceries, pay bills and cover all your outstanding medical bills. The great part about life insurance payouts is that your beneficiary can do whatever they need to do with them money. They can even go on a holiday to help them cope with the sudden tragic loss. Life insurance is the best way to ensure that you won’t be a burden on the shoulders of your family after your death and is a great way to provide special care when you are no longer there to do so.
Life insurance for those with medical conditions
Those with medical conditions and especially those with critical illnesses probably need life insurance the most because the likelihood of an early death is so much higher and medical bills are so expensive. Genesage Life Insurance is a unique company that creates tailor fit packages that suits your budget and your medical condition.
Ordinary rates – People with minor medical conditions like bronchitis, blindness, hypertension and high cholesterol can still enjoy ordinary rates with little loading and few added rules that might affect the payout amount.
Loading premiums – High risk medical conditions like cerebral palsy, heart diseases, HIV and kidney diseases are usually found under loaded premiums that are a bit more expensive and have a lot more fine print regarding the agreements of the payout amount.
You can find more info on available cover and get a free online quote to see what you can expect to pay and what the premium value is for which you qualify if you have a pre-existing medical condition.
Life insurance for all ages
Along with aging comes an increased likelihood of medical conditions and even sudden death occurrences which is why life insurance companies create different packages for different age groups. People in their 30’s mostly take out policies to assist a spouse and children in case they fall away and the starting policies are extremely affordable.
Forty ear olds are still relatively healthy but the first signs of aging usually start to show when people reach this age. Bread winners in their forties get life insurance to provide for their family in case disaster strikes.
People in their fifties have one great advantage; they don’t have to get a medical or blood tests done to qualify for a policy and the options are still quite affordable since most fifty year olds are still relatively healthy.
With the sixties comes a lot of problems but because most seniors are already retired by sixty, the policies are still greatly affordable depending on the general health and medical history that you might have.
Life insurance is a simple and affordable way to give your family a backup plan and to help them deal with the loss so much easier.