A couple with young children? A loving significant other or a couple sitting on a bench at sunset? It’s probably safe to say that most people would visualize the “others” who live with, or depend on, the insured individual. It makes sense. A parent gets life insurance to provide for his or her children. An aging husband and wife get senior life insurance to help each other if something should happen to one of them. But, what if you’re a single senior? Why bother with life insurance for seniors if you’re not married or have children? Here are five reasons why having life insurance makes sense, even if you’re single.
1. You Have a Roommate or Close Friend Who Depends on You
Single or not, if you share a home with a roommate or if you have friends who you help on a regular basis, imagine what would happen if you’re suddenly not in the picture anymore. Life insurance for seniors can provide a way for you to help those who depend on you.
2. You May Not Be Single Forever
Let’s face it, people are living longer than ever before. And even though you’re single now, you may not be single in the future. Getting affordable life insurance for seniors is a simple way to help ensure a potential significant other isn’t burdened with any final expenses after your passing.
3. Covering Any Debts
If you have debts on a house, car, or you are a cosigner on a mortgage or loan, your passing could leave someone holding the proverbial bag. With a life insurance policy, friends or family who have relied on your financial support won’t have to deal with added financial strain from your passing when it comes to paying off debts.
4. Cover Your End-of-Life Expenses
Nobody wants to be a burden, but the fact of the matter is somebody will have to pay for your funeral expenses. Life insurance is an easy way to make sure your end-of-life expenses don’t impact the lives of those you care about.
5. Leave a Legacy
Giving back to help those less fortunate or providing support to another form of charity says a lot about your character and commitment. Life insurance can help you to do something meaningful for a cause that is near and dear to your heart.
It’s easy to see and understand how single seniors getting life insurance is a simple act that can make a positive impact on the lives of the people around them and the institutions they support.
If you’re ready for more information on life insurance options, Americo Senior Life is here to help. Contact us today, and an Americo Senior Life representative will be happy to answer your questions to get you started on the path to insurance security.