Who Owns Senior Benefits Inc.?

Written By: William Rivers
Reviewed By: William Rivers
Published: September 10, 2021
Last updated: November 27, 2023

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. 

Insurance That Senior Benefits Inc. Offers

Senior Benefits Inc. offers 4 kinds of Insurances as listed below:

1. Final Expense

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.

2. Guaranteed Issue

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. 

3. Term Life

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.

 4. Whole Life

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 are a senior with limited income in Georgia, explore available benefits to support your financial needs.

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.

Was this article helpful?
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.
After years of living under the care of your parents and other family members, the time will arrive for you to reciprocate. At Senior Strong, you can show your loved ones just how much you value them.
642 W 28th St, Los Angeles, CA 90007
(213) 877-8342
Senior Strong © Copyright 2024, All Rights Reserved