Elderly people and their families may still consider Michigan life insurance as a way to plan for paying off debts, funerals, and other final expenses. Some companies offer coverage to everybody in the family from babies to seniors over 80 in Michigan. Before deciding upon a policy, it’s a good idea to take the time to compare different types of coverage and premiums offered by a variety of local companies.
To get started, use our instant, online senior life insurance quotes. It takes seconds to fill out the quote form and see a variety of companies and plans displayed right on the computer screen. After that, you are welcome to ask for details or begin your application.
About Michigan Life Insurance for Seniors
State of Michigan quick facts:
- Michigan average family income: $48,411
- Typical Michigan cremation service costs: Over $2,000
- Typical Michigan burial service costs: Over $8,000
- Large Michigan cities (population): Detroit (713,777) Grand Rapids (188,040) Warren (134,056) Sterling Heights (129,699) Lansing (114,297)
Older people may look for coverage for themselves. In other cases, grown children might purchase coverage for elderly parents. Either way, the most common choices are term life insurance for seniors, guaranteed acceptance life insurance for seniors and simplified whole life.
For a variety of reasons, the simplified whole life may be a common choice because it offers an immediate death benefit and lifetime protection. Term life might be cheaper but will expire at the end of the term. Guaranteed life insurance usually imposes a waiting period before the whole death benefit is payable. The advantage is that there are no health questions.
These are sample whole life insurance quotes for a man in Michigan who is 60 and doesn’t use tobacco:
- $10,000: $45.83
- $15,000: $67.08
- $25,000: $109.58
Find the Best Michigan Life Policies for Seniors
If you want to consider life insurance for yourself or your parents, start with our online quotes. The form takes seconds to complete, doesn’t need any personal information, and offers instant price comparisons. We hope to help many people in the State of Michigan find the right coverage at a fair price including senior life insurance over age 80.