As we get older, Life Insurance cost more because there’s an increased likelihood of a claim. So, it’s back to the consideration you made at half this age; you buy based on your needs and not a penny more. At age 30 or 60 here are some consideration:

• Do you have anyone depending on you for various reasons?
• Are you married or single?
• Do you have children who are not yet financially independent?
• Do you have some estate tax problems looming over your beneficiaries?

If you have answered any of these questions with a no, then go visit an investment counselor. If you have determined that you have needs, you want to compare prices for life insurance, especially if you are a senior over 60. With on-line shopping, you can answer a few basic questions and find many quotes instantly. You can save as much as 75% so don’t fail to take advantage of on-line shopping. You can enjoy shopping without a high pressure salesmen pestering you for your signature.

What ever you do, don’t get caught up in the “worrying game” If you do, there is a good chance you’ll make decisions that later you’ll regret. Take due caution by asking a lot of questions and by all means don’t be pressured.

Thank you, Homer W. in Arkansas

In our “Golden Years” we strive to find safe and secure vehicles to supplement our retirement benefits. We get serious and somewhat insecure about having enough, how long will we live, what will our medical needs be, and the worries go on and on. These fears can lead those of us who are over 60 to become vulnerable to fraudulent life insurance agents. You are ripe to be statistical victims of Life Insurance Fraud

Let me point out several traps that you can fall into:

• Don’t cash in one life insurance policy to buy an annuity.
• Buy an annuity with a promise of ongoing income.
• Buy a large life insurance policy for investment purposes.
• Don’t be talked into making substantial changes in you existing policy.
• Evaluate your needs and don’t be talked into buying more than you need.
• If it sounds to good to be true, well you know what to do, RUN

You have always purchased insurance because you needed to provide for your loved ones in the event of your death. The investment and accumulated cash value was a bonus on the side. If investment is what you are after, go to an investment councilor. Worrying about the future can cause us to make foolish investments, therefore take due caution by asking a lot of questions and by all means, sleep on it before you make a move.