What is a good life insurance company I can work with as an agent that offers affordable policies for seniors?

Question

I work with seniors in California.

Answer 1

Illinois Mutal, Americo, Forethought, and Monumental Life all have affordable policies for final expense.

There are lots of seniors out here who did not purchase insurance when they were young, and or do not have enough savings to cover a burial that purchase final expense plans All the time. What they consider affordable is the cost of waiting, and yes they are willing to pay $60-$80 a month for coverage now. If you specialize in the senior market you would know this to be true.

Answer 2

none

closest might be AARP,  by their age alone the policies will be expensive,  not to mention health factors.

Answer 3

What you want to look for when selecting a company to deal with for seniors would be first the policy type.

First you want to have a good final expense/whole life policy; face amount up to $10,000 or $15,000, with an issue age up to at least age 80.

Second you should find a guaranteed issue policy as well, generally dealing with the senior market you are more likely to run into some health situations that may make it hard to get coverage otherwise. Issue age and face amount is important here too.

Then look for some companies that offer low face amount term policies ($25,000.00 - $100,000.)

And finally find a good UL policy, one that has a good interest rate, with today’s market you should be around 4% to 5%, if you can do better then great! And look at the history of how that plan has worked over the years. You don’t want to put a senior in this type of plan if their policy is in danger in the first couple of years.

As far as telling you an exact company to use, I couldn’t do that as there are so many of them. Look for a companies that have the above requirements and find companies that has a strong rating (A or better).

If you are not sure where to look, find an insurance brokerage company, they deal with lots of companies and have people dedicated to help you. And when you do find what you are looking for get a general agent contract, this way you can represent more than one company. In the senior market its good to have a variety.

Answer 4

Try Bankers Life and Casualty, Mutual of Omaha.

Answer 5

Life insurance isn't "affordable", for seniors, depending on how you define affordable.  

If you're 70, you can't get rates like a 20 year old.  You're not going to find a "let's pay $100 a month for insurance and get $100,000 when great grandma dies in six months" kind of plan.

If you aren't perfectly healthy, you're not going to get "good" rates.

Rates are odds on dying.  And the odds will ALWAYS favor the insurance company.

Answer 6

There is a lot of useful and intresting information here to help answer your quetion.

http://insurance.online-assistant.info/i...

Answer 7

Life insurance is actually very flexible. Since I live in Oregon I'm not sure about California regulations, so I suggest you call a nearby life insurance agent. http://www.usinsuranceadvisor.com/Life-I... They should be able to assist you.