Popular term life insurance resource TermInsuranceQuotes.com has introduced a new section of the site that deals with senior term life insurance and provides the necessary information to acquire this product that is in high demand.
Online PR News – 28-July-2011 – – Many industry insiders claim term life insurance has never been more affordable and are encouraging consumers to purchase a policy before rates increase. Seniors have typically had a difficult time acquiring term life insurance compared to younger applicants. Longer life expectancy data has made it easier to purchase term life insurance at an older age.
“Our consumer base is one that ranges from the young to the advanced in years,” TermInsuranceQuotes.com company spokesperson Max Bettfield said. “Term life insurance for seniors has typically been a difficult coverage to qualify for, but that isn’t necessarily the case anymore.”
Plans that do not require a medical exam may be desirable to some seniors, but they typically come at a higher price. Senior term life insurance plans typically come without frills or the savings element of permanent life insurance policies.
“Senior term life insurance is desirable for someone looking to protect themselves with basic coverage,” Bettfield said. “We want to make sure each individual receives the highest level of customer service when visiting our site, and we encourage seniors to compare competitive term life insurance rates on the site.”