Have We Got A Deal For You!
You can watch MeTV for only a short period of time before you see the commercials for burial insurance, or final expense insurance. "Pennies a Day!", or some other ear-catching line that doesn't tell the complete story.
*No Exam Life Insurance $100k As Low As $4.75/month
*Guaranteed Burial Insurance $9/month Buys $50K in Coverage
*Guaranteed Acceptance Whole Life Insurance from $9.95/month
Of course these are "teaser" rates. Do you realistically believe anyone can apply for coverage and get these premiums? The purpose of these ads is to get a person to call the number given or go the site to get a quote. Without having to watch MeTV, here are the sites:
I encourage everyone who is considering purchasing insurance to do their homework. Compare benefits and premiums. Make the best choice and save money. Also make certain to read the fine print because you don't always get what is advertised.
I don't like guaranteed acceptance life insurance.
Guaranteed Acceptance Life Insurance appeals to seniors who want to make sure when they die there is ample money for their heirs to pay for a funeral, and any outstanding bills, such as medical bills.
What don't I like? The pricing. Suze Orman agrees.
Trustage 65 year-old male, non-smoker:
Colonial Penn 65 year-old male, non-smoker:
AARP/New York Life 65 year-old male, non-smoker:
Before you apply online, work with an independent life and health agent who works with many top-rated carriers. Life Insurance companies have become more liberal in underwriting and you may be approved for coverage even with certain medical conditions. An agent should be able to place you with the best company which works with your unique circumstances.
There are many carriers which offer whole life products at competitive premiums. All companies offer the same basic features on the products: Level Benefits and Level Premiums.
Don't get stuck with a lemon. Don't just get a deal, get the best deal.