Life insurance is a necessity for just about everyone. You don’t want to wait too long to buy a policy, so it’s smart to look into your options as a Maine resident. Even if you are a senior citizen, it is not too late to buy life insurance. There are guaranteed acceptance options for just about everyone.
State of Maine: How Much Do You Need for Final Expenses?
Funeral expenses will vary based on what you have planned for yourself or your parents. These are some rough estimates of what others pay in Maine so you’ll know what to expect:
- Funeral – $7,000+
- Cremation – $2,000+
- Cemetery Plot – $1,000+
If you don’t want to worry about your children or other loved ones having to pay these expenses out-of-pocket, you should look for life insurance for seniors. Fortunately, it’s not as costly as many people think. As long as you compare quotes online for whole and term life insurance for seniors, you’re sure to find the best cheap option.
What are the Five Most Populated Cities in Maine?
- 1. Portland – 66,666
- 2. Lewiston – 36,299
- 3. Bangor – 32,568
- 4. South Portland – 25,424
- 5. Auburn – 22,912
What Do Seniors in Maine Pay for Life Insurance?
Sample whole life insurance quotes for a 58-year-old female who lives in Maine and who does not smoke or otherwise use tobacco:
- $10,000 – $38.02
- $15,000 – $55.94
- $25,000 – $91.76
- We also have life insurance plans for seniors over 80 available.
You may pay more or less than these monthly rates; overall, term life insurance is a bit cheaper than whole life insurance, for example. Also, if you are willing to answer health questions and pass a basic health exam, your rates will be inexpensive. Seniors over 80 in Maine can expect to pay a little bit more, but guaranteed acceptance life insurance options with easy applications are available for everyone. No matter what your age or personal situation might be, there is sure to be a life insurance option that will work for you.
Seniors and Adult Children in Maine: Find Life Insurance Coverage for Yourself or Your Elderly Parents Today
Start shopping around for life insurance today so that your loved ones don’t have to worry later. Our online search tool will display your options to you in seconds, so enter your information today to find out more about whole and senior term life insurance.