Senior Benefits Inc. is an insurance brokerage owned by a family located in Knoxville, TN. SBI is a nationwide insurance distributor for seniors. Their rapid expansion is due to strong working connections with top-tier insurance companies and quality-conscious benefits coordinators.
Senior Benefits Inc. offers 4 kinds of Insurances as listed below:
Final Expense is a type of Whole Life insurance coverage often obtained to cover burial or funeral expenditures. The face value of the majority of Final Expense plans ranges from $2,000 to $40,000. However, with an average funeral cost of $12,500, their most popular insurance ranges from $3,000 to $20,000.
Final Expense was designed to be a simplified solution, which means that the application is brief and does not involve a medical examination. Individuals who already have an AETNA Medicare Supplement Policy may save 20% to 30% on a Final Expense policy.
Guaranteed Issue is Whole Life insurance that does not require any health questions. Although there is a waiting period, everyone is authorized. This is an excellent option when there are no other alternatives. They also provide a variety of different life insurance products.
Term Life Insurance is a predetermined amount of coverage purchased for a specified time frame or term. It is frequently purchased as a form of debt protection (loans, mortgage payments, long-term debts). Often, Term Life Insurance has a higher face value and cheaper premiums than Whole Life. This is due to the short duration of its coverage.
Whole Life Insurance remains in force for the duration of the premiums paid. It does not expire until the policyholder dies. Therefore, premiums remain constant during the policy's term. Moreover, premiums are calculated based on your age at the time the policy is taken out.
If you live in Knoxville, TN, you may find it interesting to know the typical age for senior citizen discounts. Check out Senior Strong’s article for more information.
William Rivers is an editor with a master’s degree in Human Services Counseling at Maine State University. He has more than 20 years of experience working in the senior healthcare industry.