Senior Needs....

[TonyC]

While i do not specialize in Senior Insurance, does anyone have a list of insurance vehicles that the average Senior Needs (and can afford)?

Obviously, if you are Bill Gates money is no object, but what does the average Senior need in terms of life and health insurance?

-Life
-Medicare Part B
-LTC

What else?

thanks in advance!

 

[billyg]

Medicare (Parts A & B)
Med Supp or MA
Part D PDP
Whole Life
LTCi
Annuities

 

[GreenSky]

Depends.

Rick

 

[Tampa Teddy]

While i do not specialize in Senior Insurance, does anyone have a list of insurance vehicles that the average Senior Needs (and can afford)?

Obviously, if you are Bill Gates money is no object, but what does the average Senior need in terms of life and health insurance?

-Life
-Medicare Part B
-LTC

What else?

thanks in advance!

What the "average senior" needs and can afford are generally FE & MA. I think it is pretty much assumed that the majority of seniors already have Medicare Part B, along with a drug plan.

As you move up the income ladder, you will find seniors are more interested in Fixed Annuities and SPL for safety, wealth transfer, estate planning & tax purposes. Medicare Supplements are also more in demand with the higher income seniors.

 

[WinoBlues]

Average in NYC or the Ozark Mountains? San Francisco or Brownsville, TX?

Big question.