Purchasing Life Insurance During Retirement – How to Increase Your Eligibility!

Finding senior life insurance looks like a complicated business. In fact it is not that hard, you just have to know to do some research and call the right people and companies. But if you want to get it faster and cheaper, there are several things that must be done.

happy_senior_coupleLife insurance agents can help you purchase life insurance during retirement and they can tell you more about how to increase eligibility. Follow the next advice and you will surely get accepted.

1)     Do not procrastinate. Wasting time is the worst thing you can do and if you ever hope to get coverage, you must be an early bird. Companies can issue a policy for people that are not older than a certain age. In most cases, the age limit is 85 years old. Still, you should not profit of this fact and keep on delaying the application date.

2)     Improve your medical condition. Having poor health is a good reason to be rejected. If you manage to keep your medical problems under control, the insurer is likely to be more tolerable towards you. First talk with your medics and analyze what can be improved. If you have weight problems, you should talk with a nutritionist or a gym trainer.

3)     Quit smoking too much. Potential clients are given application forms that include all sorts of questions. One of those questions asks if you have smoked in the past 12 months. If the answer is ‘yes’ then you will be considered an active smoker and you will be placed in a different risk category.

Being an elderly and a smoker is certainly not a pleasant combination and companies tend to avoid this type of clients. So, if you want better rates and higher chances to get coverage, you should stay away from smoking for at least 12 months.

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