Everyone should have some form of life insurance, and this is especially so for seniors. Being prepared for that inevitable day helps give your loved ones some comfort knowing that they will not have a financial burden when you pass.
Choosing the Right Insurance Company
A life insurance company is only good if it pays the death benefits stipulated in the policy. Make sure the company has a good financial rating before purchasing a policy, as the rating reveals whether or not the company is financially solvent. You also want to find out if there are numerous complaints about the company. Every state has a Department of Insurance (or similar office) that will usually indicate complaints and problems with an insurer.Complaints may show that the company is attempting to avoid paying claims or that customer service is poor. Ways to find this information can be found at NerdWallet.
