Due to increased life expectancy, it has become essential for seniors to get a life insurance plan. According to the Social Security Administration, the average lifespan of women and men is 87 and 84 respectively, which clearly demonstrates the need for prolonged financial protection. However, a life insurance not just safeguards a senior’s financial interests but also secures the future of their loved ones. Read further to know how a good senior life insurance plan can help in preparing for unexpected events in the long run.
Financial support
Retiring from work is a gateway to the golden years. However, it doesn’t change the fact that there are still bills to pay, which can be managed with your pension, savings, or another income source. However, the income after retirement might not be enough to handle your rising needs. So, having a good senior life insurance at your disposal will keep your free from anxieties if any emergencies were to arise.
Medical and funeral costs
The healthcare facilities are only becoming pricier with every passing day which is causing a lot of strain on families and increasing the debts. Having a life insurance policy as a backup will help deal with any major medical cost. Like healthcare, funeral expenses are expected to skyrocket in the next few years. Currently, the average funeral expense is around $11,000, excluding food for guests and obituary flowers. Again, this can increase the monetary pressure on loved ones, ultimately leading to more liability. A senior life insurance policy ensures that the beneficiaries don’t have to struggle financially during such emotionally challenging period.
Debt
Numerous adults aren’t able to pay off their debt even after retiring. This could be a mortgage or a home or student loan for their children. Furthermore, having any big-ticket expenses such as hospital expenses be more distressing. In the event of a demise, your family might be responsible for paying off these debts. Therefore, having a senior life insurance is a strong backup to avoid any inconvenience for you and your family.
Protection against estate taxes
Seniors with large or multiple estates can consider getting a life insurance to transfer a considerable amount of wealth to their children. The estate tax will be calculated on the basis of the net worth of the senior and the property. This means the higher the net worth the higher will be the tax liability, i.e., the inheritance tax that has to be borne by the children.
If you are planning to get senior life insurance soon, you can consider signing up for a plan offered by popular companies such as New York Life, American National, Banner Life, Mutual of Omaha, Transamerica, Fidelity Life, and Northwestern Mutual.
Choosing the best-rated queen mattress in an attempt to replace your mattress can easily become an exhausting, daunting task. Apart from the fact that there are many variations of queen mattresses that are well rated, the choice of a mattress is very personal and one mattress can be the ultimate comfort for one person while being the cause of a backache for another.
The cost of mattresses can also run into thousands of dollars, depending on the type and category of mattress that is chosen. The category of which a queen mattress is chosen can directly affect the cost of the mattress. However, before paying a huge amount for what seems to be a good mattress, it is important to ensure that one is choosing the best-rated queen mattress.
High-quality materials that are durable for years to come is the most important pre-requisite for purchasing a good mattress since a mattress usually lasts for over a decade and is something that is used every day. But this does not mean that one should keep an eye out for sales, discounts and special schemes while purchasing a new queen mattress. Most offers on mattresses may include free bed accessories like a bed frame, pillows, sheets, duvet covers, etc. It is best to scout out such deals before making a big purchase.
Some factors to consider before purchasing the best-rated queen mattress include:
The support the mattress offers: The core of the mattress is what provides support to the mattress. This is the foundation on the basis of which a mattress may be classified. Air-filled, innerspring, latex and foam are the four most common types of cores that are available in mattresses.
These cores provide different qualities to the mattress. For example, innerspring mattresses offer the bounce that some people like on their beds. The bounce these mattresses offer come from the metal coil springs that can range from 12 (thickest and firmest) to 18 (thinnest and compressible) in dimensions.
A thick gauge provides the support required by heavy individuals. Pocketed coils that are individual and covered with separate fabrics decrease the ripple effect that occurs when a person on the other side of the bed moves, while a thicker gauge support is provided by extra-durable, interconnected coils.
A fiberfill or foam outer layer covered in quilted ticking is a common feature of innerspring mattresses but a thick looking pillow top should not be taken for a plush feel as it does not serve the purpose.
A puffy, very springy layer looks and feels great in the shop, but within a few months’ time, the compression becomes faulty and the mattress does not spring back up as readily as required. For the plush, soft feel, it is advisable to pick a queen mattress that is well quilted and firm, and then top it off with a feather bed or a replaceable mattress pad.
Memory foam base mattresses work well for people who prefer an extra firm base that have a polyurethane core and less of a spring. When someone sits on such a mattress, there is really no sinking or movement past the first layer. The specifications that help determine the quality of such mattresses include the density of the foam and the thickness of the layer of the foam. Usually, 5 pounds per cubic foot is considered to be very high quality, while 3 pounds per cubic foot is on the lower side in terms of density.
Choosing a best-rated queen mattress also depends on the available customizations, although they may cost a little more.
Shopping for appliances is a difficult task. We have to list all the requirements, our budget, where to buy from; online or in-store, features, and brands. Since this task is quite demanding, you can cut yourself some slack by shopping at a trusted retailer, online or in-store. In such cases, shopping at Sears can be a viable option since Sears is known to house the best brands of the industry.
Sears is a major retailer famous for appliances among consumers. It ranks at the top when it comes to consumer’s choice. The advantage of shopping here is that the sales persons are extremely knowledgeable and it also houses their exclusive appliance brand Kenmore, which people love, as it is the most reliable brand and is only sold in Sears outlets.
Here is a list of things that will help you if you are shopping at Sears.
Best things to purchase at Sears
When is the best time to shop at Sears?
How to get the best deals?
Sears offers a wide range of products be it clothing, appliances, tools, or tires, it offers everything you need for you and your family. There is a wide range of products to select from and so are the deals. Here is the best way to crack some amazing deals at Sears.
These were some of the basic things you need to know about Sears and these will also help you save some money.
Buying a car brings with it a sense of excitement and joy. Everyone always looks forward to the first drive of their new car. Selling a car, though not as exciting as buying one, adds its own set of feeling in the mix. Selling a Jeep, one of the most loved vehicles worldwide; is selling not only the best features the vehicle has to offer but also a bit of Jeep history in the best price possible.
For a car enthusiast, Jeeps for sale sign indicates the possibility of them owning a well-engineered vehicle. As a seller, before putting your Jeep on the market, making it as visually appealing as possible – painting the bumpers and fenders etc., means getting the attention of potential buyers and makes it possible to increase the selling price. A well taken-care of vehicle will bring in more money than one that’s dirty and unkempt.
Few pointers to consider before prepping your car and putting a ‘Jeep for sale’ sign:
The Jeep brand is considered as one of the cars with high residual value. So, anytime is a good time for selling your Jeep.