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3 Reasons Why Life Insurance Past 65 Is Still An Option

3 Reasons Why Life Insurance Past 65 Is Still An Option

Many people have the mindset that age 65 is the cutoff for a lot of things. It’s the oft-quoted “retirement standard,” where life switches from a 9-5 to just staying alive. The office becomes a thing of the past, and the good life of enjoying retirement kicks in. Senior citizen discounts finally grace you with their presence. Spoiling your grandchildren might become your number one priority.

These examples and more illustrate the magic that can occur at 65. But what about the deeper things, like life insurance? Can you still obtain it after 65? And if you can, should you? Here are three reasons why life insurance after 65 is still an option – and a potentially good one at that.

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1. Most Companies Will Insure You Up to 85 Years Old

You might think that obtaining life insurance after 65 isn’t even an option, but it absolutely is. The maximum age is well over 65, with some companies insuring all the way up to 90 years old.

This is a good sign for a few reasons. First, it means that our life expectancy has definitely improved over the past few centuries, since companies are willing to insure even at such high ages. Second, it means that even if you’ve never had life insurance before, it’s not too late to get on board to potentially provide for your loved ones even after you’re gone. You’ll need to confirm with your potential provider, but there shouldn’t be any issues finding companies that will insure well into retirement.

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2. Peace of Mind Can Be Priceless

Do you feel stressed when you think about your spouse or your family supporting themselves financially if you pass away? How long could they make it on your current savings? Do they have the skills and/or health to work if needed? What would it be worth to you to be able to feel comfort about these questions?

If you feel anxiety about these questions, looking into life insurance might be a smart option. With crumbling Social Security benefits and an epidemic of failing to plan for the future, more and more people are retiring with barely enough to live on.

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Life insurance can provide some comfort in knowing that your spouse will be able to be financially supported even if you pass away. No one knows what the future might hold, which is why insurance even exists in the first place. It allows you to plan for the future and to be prepared for the unexpected.

3. The Options Are Out There

Although it might seem intimidating, there are plenty of resources to help you decide if life insurance after 65 is right for you. Start by asking friends or family in your same age group if they personally have life insurance. Get their opinions on their plan and their provider. As you contact different providers, be sure to supply them with your information, and make it a point to help them understand your situation. And if you have questions, ask them. It is worth your time and effort to make sure you know what you’re signing up for.

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Though it is a personal decision, there are plenty of resources that can help you to decide about the importance of life insurance for seniors over 65, and assess whether it is right for you. Your unique situation will dictate whether or not it’s a smart choice. But keep in mind the opportunity to provide for your family even after you’re gone, instead of leaving them with medical bills, funeral expenses, etc. And while cost can always be a concern when considering insurance, don’t underestimate the savings that you’ll be getting from those senior citizen discounts – it adds up.

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Spencer Mecham

Marketing Manager

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Last Updated on August 15, 2018

30 Fun Things You Can Do This Summer Without Spending Much

30 Fun Things You Can Do This Summer Without Spending Much

Summertime can be a real strain on your wallet. The sun is out, there are people to see, places to be; it’s no wonder you might be short of funds during these sunny months. Not everything has to cost you an arm and a leg.

Take some time to go through this list of 20 cheap summer activities and make some realistic goals to complete as many as you can.

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1. Visit a strawberry festival

Summer is prime time for tasting strawberries. More often than not, an area that grows strawberries will have a strawberry festival. Indulge yourself in strawberry pies, jams, cakes and more!

2. Have a picnic

Take your partner or your family to the local park and enjoy a relaxing picnic. Designate each person to bring one food item of their choice to add to the fun.

3. Camp in your back yard

    The summer heat can sometimes make it hard to sleep. Why not enjoy the heat outside in the yard? Pitch a tent or gaze into the night sky.

    4. Take long walks

    Discover something new where you live. Take the afternoon off from your chores and go for a long walk. You may be surprised by what you discover.

    5. Break a world record

    Breaking a world record doesn’t have to be time-consuming. You could even break one on your lunch hour. Give it a go!

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    6. Go on a bike ride

    The number of bike paths on roads in big cities has increased dramatically over the years. Take advantage, and enjoy the summer breeze.

    7. Join a gym class

      The gym is not everyone’s idea of a good time, but why not go with a friend a join a class? Spinning, yoga and step classes are always more fun with friends, and a lot of gyms allow you to pay-as-you-go.

      8. Find a new hobby

      The summer is the perfect time to find a new hobby. Serotonin (our body’s natural “happy” hormone) is produced by the sunshine and will be at a yearly high, which is great for when we want to tackle something new.

      9. Join a sports team

      Not all sports teams are competitive and require huge amounts of your time. Join in the fun with like-minded people, get fit, stay healthy and make some friends along the way.

      10. Make a slip ‘n slide

        Gather your friends, some plastic sheeting, a hose, washing up liquid if desired, and make a huge slip ‘n slide just like these guys. Granted, yours won’t be as big, but you get the idea… it’s fun!

        11. Make a treasure hunt for your kids

        Today’s digital world sees our children more often than not playing inside than outside. Why not create a sense of adventure by making a treasure hunt? Only rule? It has to be outside.

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        12. Visit a free festival

        Towns and cities are awash with free festivals, with themes from film to science. Scout your local area and discover something new.

        13. Visit the zoo

          Let’s face it: we love animals. While browsing news websites and social media networks you’re bound to come across a few pictures of cats. Take a trip to your local zoo for a better experience.

          14. Take a road trip

          Enjoy the open road with a few friends and take a road trip somewhere–anywhere. Just go out and enjoy the sunshine!

          15. Play ultimate frisbee in the park

            Frisbee is always great fun down the park, but why not turn it into more of a competitive sport by playing ultimate frisbee?

            16. Make your own ice cream

            Ice cream is a very versatile dessert. Make a sandwich, enjoy a cone, or simply just enjoy a bowl full. Better yet, making your own ice cream allows you to create any flavor you want.

            17. Invite your neighbors over for a BBQ

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              When was the last time you invited your neighbors over? Do you even know them? Now’s your chance. Just ask each person to bring a food item so costs don’t mount up for you.

              18. Get a summer job

              For many students, summer is the time for relaxation and fun. But who said earning money and being productive isn’t fun? You only get out what you put into a situation.

              19. Attend a charity event

              Attending a charity event is a great way to raise funds and awareness for a cause, meet new people, and generally have a good time. Search for your local charity event today.

              20. Visit a national park

              National parks are a great way to explore nature and learn something new. You could even volunteer and make a difference in helping restore natural habitats.

              21. Visit your local comedy club

                Local comedy clubs are extremely underrated. They are cheap to attend and no doubt you’ll have a barrel of laughs.

                22. Make your own hammock

                  Hammocks are very relaxing, are perfect for summer afternoons and are surprisingly easy to make.

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                  23. Read in your new hammock

                  Now you have your very own hammock, the only thing left to do is enjoy it. Grab your favorite book and read to your heart’s content.

                  24. Watch a movie outside

                  Movies are great. Relaxing outside in the evening is great. Put them together and you’ve got a perfect combination. In D.C, Maryland and Virginia this summer, for example, you can enjoy a huge number of movies outside.

                  25. Take a hike

                    Hikes are a great way to keep fit and see more of Mother Nature. There are countless trails available for you to explore. Why not try some this summer?

                    26. Learn how to fly a kite

                    As a child, you probably had a kite and haven’t touched it since. Why not dust it off and attempt to fly it? It’s tricky, but well worth the challenge.

                    27. Work out at the park

                    American cities are full of parks with ample space for a work out session. No doubt you’ll be happier to work out in the sun rather than a crowded gym.

                    28. Take your dog to the beach

                      One of the many joys of owning a dog is taking him or her for long walks during the summertime. This joy is enhanced when visiting the beach, for both you and your dog.

                      29. Make a summer smoothie

                      Healthy, delicious and perfect for the summer. Not only that, there are countless recipes ready for you to try.

                      30. Attend a free yoga session at the beach

                      No experience needed and all skill levels are welcome. Take yourself and a buddy down to the beach and try some yoga. You’ve got nothing to lose!

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