Determining The Right Life Insurance Options For Seniors

Determining The Right Life Insurance Options For Seniors

The inescapable fact of the matter is that purchasing a life insurance policy will cost more if you are over the age 55 than it would if you were considerably younger.

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The reason is that an insurance carrier has to accept a greater risk of having to pay on the policy and will, therefore, charge a higher price. The process of buying insurance at an advanced age is relatively complex, given the numerous options available on the market today. Though there is likely a product to suit just about every circumstance, I stand ready to assist you in identifying just the right one.

Term life insurance can make a great deal of sense, even for those who are older than the 40s. The concept is easy to understand, the products are straightforward, and the cost tends to be more affordable than other options in the same realm.

The only potential negative is that you might live longer than your policy extends. If you are concerned about paying for final expenses such as funeral costs and the like or if you wish to reduce estate tax liability, you may want to opt for a whole life policy.

Of course, you will pay higher premiums for such coverage. If there are elements of both types of insurance that appeal to you, take a look at a Guaranteed Universal Life policy. This will be less expensive than whole life, will cost a bit more than a term policy, but you don't need to worry about outliving your coverage.

Term Life Insurance

Just about everyone can benefit from a policy of term life insurance, and senior citizens are no exception. This type of policy offers the greatest amount of coverage at the most affordable price, particularly if the insured party is healthy.

A policy in this category will provide coverage during a stated period of years (typically between 10 and 30 years, in increments of five years). Premium payments remain constant over the term years. Should you decide to purchase a 10-year policy of term insurance that has a death benefit of $100,000, your premiums will be the same throughout that decade, and the designated beneficiaries will get $100,000 in the event you die at some point during the term.

If your death comes after the end of the stated term, they do not receive a payout. The only caveat regarding term policies is that you need to have no problem if you happen to outlive the policy.

Permanent Life Insurance

This variety of life insurance is designed to cover you for the remainder of your years. Your premium will stay the same each year you own the policy. Not only will you have a death benefit in place that will be paid to your beneficiaries when you die, but the policy also builds cash value which can be leveraged for borrowing.

Should you happen to die while such a loan remains unpaid, the death benefit paid out is reduced by the amount outstanding. Further, once you have died, the insurance carrier will retain the cash value of the policy.

Given the complex nature of whole life policies and the comparatively high premium cost compared to the size of the death benefit, a whole life policy only makes sense for certain types of senior citizens.

These policies can be useful if you are among those looking to reduce the estate tax implications for heirs or if you wish to leave a designated gift to a person or charitable cause, regardless of your age at death.

Guaranteed Universal Life Policies

These are policies meant to bridge the gap between the term and whole life insurance. You can determine the age at which coverage ends. This can be at a specific point in time, as would be the case with a term policy, or you can choose to have the policy in place until death, as a whole life policy would be.

Premium payments remain constant, but a guaranteed universal life policy does not have cash value the way a whole life policy does. It stands to reason that the price for this type of insurance stands betwixt the price paid for term policies and whole life coverage.

Guaranteed universal life coverage makes sense for senior citizens who want to minimize estate taxes, leave a legacy endowment, pay funeral costs, boost pension benefits or pay caregivers who help during the final years.

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Scrunchies Have Become Just Another Corporate Product Setting Social Expectations For Women

The relationship between scrunchies and femininity.

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Nowadays it's hard to step outside the house without seeing a girl with a scrunchie holding up her hair. These full-bodied hair ties are greatly beneficial for hair because they cause less breakage, no indents after high ponytails are taken out, and function as a fashionable accessory to match any outfit.

But how do they factor into the societal construct of femininity created by corporations?

A simple 18 by 14 inches of fabric and eight inches of elastic can go for up to $175 with the middle of the road pricing settling around $5. The extravagant mark-up of such a simple everyday product could be traced back to corporate greed, the customer paying for the brand, or simply the price of the pink tax. In the United States, products are continually marked up based on desirability.

Although a simple hair tie would do, the scrunchie is coming back in a big way, so much so that it has become a part of today's consumerist culture for young women. It can be found in any store, representing another necessity of the everyday woman in the capitalist society: one must always be found on her wrist, in her hair, or in her purse if she is to be trendy.

In this sense, scrunchies have become another corporate product targeted at women to allow them to fulfill a specific identity. Punk? Black velvet scrunchie. Preppy? Pink with flowers. Just using it to hold your hair back while washing your face? The 10-pack multicolored set for $18 at Urban Outfitters should suit you fine, but be forewarned: if the scrunchie doesn't match your outfit, you'll be socially obligated to buy another one.

The versatility of the product makes it open to all kinds of possibilities, yet sales are just targeted at women. Maybe due to the fact that having a pink "full-bodied" hair tie on your head rings inherently of old-school femininity. The overpricing of the scrunchie at name brand stores like Free People, Forever21, PacSun, and Urban Outfitters could be contributed to the fact that you, the consumer, are willing to spend this money in order to fit some certain identity produced by the marketing geniuses at the heads of these corporations, or it could just be that the pattern on the scrunchie speaks to you. No matter, you won't find these products marketed in men's clothing stores or sections.

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A Complete Guide on How to Enjoy Divinity in Zagreb, Croatia?

Introduction:

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Among many European countries, Zagreb is considered one of the hottest countries in the world. It is a destination where not many tourists go but if they decide to go, they make sure of managing everything in advance – which places to visit, how to visit, and when to visit are some frequently asked questions.

In this article, we have gathered enough information for all those who are about to travel to Zagreb for the first time. As it is the first time only when a tourist feels insecure and quite hesitant in hiring services.

Let's figure out what we need to know prior delving into other aspects. First and foremost, it is about the route you need to take, rent a car service, and place to spend your days. Secondly, it is about their integrities as in further details which might not be required to know in this article.

Where to go to Zagreb?

Following are some areas which are a must to go in Zagreb. Reason being they are the best tourist spots which are profoundly known for their landmarks.

1. St. Mark Cathedral

2. Lotrscak Tower

3. Ljubljana

4. Plitvice National Parks

5. Zagreb Airport

How to go to Zagreb?

Now, the question arises as to how one can go to Zagreb. Is it just through rental pick and drop services? Or do we have other options too? Well, the answer to it is simple: traveling across Zagreb is possible through hiring Auto Europe rental car service. It works with hundreds of drivers and customers with the utmost quality. A number of pickup locations make the visit to Zagreb easier by picking the tourist from the airport and taking them to the hotel. From hotel to the fixed tourist points is another task assigned to these rental car service chauffeurs. Everything is preplanned and at times decided on the spot.

What services to render for traveling to Zagreb?

This company is best in providing all you may need in a good rental car facility. Having said so, it complies best and affordable prices which mostly come in the form of a package. Moreover, each and every trip to Zagreb with Auto Europe is full of excitement and a new car. It helps in maintaining and stabilizing business of the rent a car globally. For instance, in summers, they offer sportscar which totally puts a customer in a state of awe; and in winters SUV is rented for climbing up the mountains.

Last verdict:

In short, cars matter the most and renting a car from this particular company, one tends to have a fun-filled, amazing, and full of memories kind of a trip.

You and I, all those who want to visit Zagreb, must explore the place with the right rent a car service. In this case, rent a car from Zagreb and visit other campsites in the pitches and patches of mountainous, natural, and epic areas.

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