Gateway Insurance

A Look at Life Insurance for Baby Boomers

May 30, 2014

When it comes to getting insured, the baby boomer generation has some advantages, but also faces some challenges. Many find that health care and long term care costs are creeping up, and some auto insurance companies sometimes raise rates by default because some older adults lose some driving skills as they age. The proper home insurance is needed too, and for those who have downgraded into a rental unit, renters insurance becomes a new necessity.

And then there is life insurance. If you don't already have a policy, it is time to buy some. Many people even choose to expand on the policy they already have or buy an annuity. Both a whole life insurance policy and an annuity will pay a death benefit to your beneficiary once you are gone which can help with their financial security. Annuity payments can be made to you after retirement and be a valuable part of your fixed income. 

Whether you are looking to purchase life insurance for the first time or want additional coverage, by properly managing all your insurance products you will likely be able to get a better deal on all the insurance you need. Auto discounts may be offered to seniors that take a safe driving course, home insurance coverage may be upgraded based on renovations to your home, especially when the upgrades include safety features. And insurance companies that offer multiple products love to bundle and offer discounts. However, it is difficult to determine which providers will offer the coverage you need  at a reasonable price unless you have some inside knowledge.

At Gateway Professional Insurance Services in Vacaville, California inside knowledge is just one of the things we offer our customers  who are looking for life insurance or any other type of insurance coverage. We maintain strong relationships with a wide variety of insurance providers and we can guide you to the products that work best for you. To learn more about all your insurance options, contact Gateway Professional Insurance Services today.

 

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