I've heard that once you're on Medicare, you might not need life insurance as much. Is that true?
Answered by 9 licensed agents
However, Medicare will pay a lump sum of $255 to help with your barrel arrangements.
Answered by Larry Dalton on April 19, 2025
Broker Licensed in OK & TX
Answered by Clarence "Mark" Christiansen on April 8, 2025
Agent Licensed in WI, AZ, CA & 16 other states
Answered by Lt Col Tim Brown on April 7, 2025
Broker Licensed in TN, AL, CO & 10 other states
Medicare does not provide any type of death benefit. Social Security does provide a $255 death benefit, but that doesn’t go far toward the cost of a funeral!
Answered by John Stagner on April 13, 2025
Broker Licensed in MO & TX
Answered by Gary Smith on April 14, 2025
Agent Licensed in MS
Answered by Timothy Brown on April 8, 2025
Broker Licensed in PA, CT, DE & 15 other states
Answered by George Kolitsas on April 7, 2025
Broker Licensed in CT
Answered by Steve Brauer on April 13, 2025
Broker Licensed in AZ & CA
You can purchase individual life insurance. Of course you need to be healthy enough. You can be denied coverage for serious health issues
It is best to get life insurance while you're young and healthy. So if that is not you and you have children tell them to do that often people use the life insurance provided by their jobs. Then they retire and they ignore the offer to pick up the life insurance that they had at work and they're too ill to qualify for it later and are denied
Answered by Gary Henderson on April 19, 2025
Agent Licensed in TX, AK, AL & 46 other states
Tags: Advice for Seniors Life Insurance
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