Having just turned 65, I decided it was time to obtain my first life insurance policy while healthy and I could get it.
It was mass confusion trying to sort out the different policies to choose from, comparing them on the internet. Then I found a little insurance ad postcard that had been sent to me, so I called the number and spoke to a very nice lady named Debbie.
I discovered that term insurance was cheaper but only was good for a certain number of years. I settled on whole life. Debbie said I would have the policy as long as I lived, which was nice as some companies only offered to age 100 or 120. I liked the idea of unlimited age. She also said if I get the policy, I could have an accidental policy (not able to get after age 70) for $2.50 a month that also would last the rest of my life, as long as I kept the other policy. I did not have to have an exam, there would be no rate increases on the whole life policy and I would receive one month for free on the whole life. It would also build cash value that I could have if I ever canceled the policy or borrowed from, if I kept the policy. I did not even have to give my Social security number, only answer a few health questions and agree that the company could check my pharmacy records.
It is nice now having my life insurance, knowing that my loved ones will be taken care of if I ever decide to vacate for a different location.
Just wanted your readers to know what I found out in case they would like to have the same assurances for themselves and families.