Author: Tony (OM Visions)
Life insurance companies have been working in the world from the last six decades that are involved in covering the financial risks of the human after the death. But the question is that should there be any need for the life insurance for 50 plus people because at the stage of the fifty the man or woman is going to be retired from his or her organization if doing service somewhere.
There are also a lot of other questions that arises in the mind when talk about the life insurance of the fifty plus people. Some people gave their point of view during a survey that old persons who are over the age of fifty are going to find the overage benefits from the government that is why they did not need any kind of life insurance in that age.
Moreover, it has also been observed in the survey that at the age of fifty people have been completed their entire social responsibilities for which they needed for the money e.g. education of the children as well as their marriages. So there is no need for extra money in the said age that is why it is not needed for the life insurance for 50 plus peoples.
The other factor of not obtaining the life insurance policy after the age of fifty is that such people do not have a sufficient time for enjoying the outcomes of the investment. Usually the investment with the life insurance companies is a long term investment that could be become fruitful after some fifteen or twenty years of time.
According to medical science the average age of the human being in the present time is fifty five and if he chooses to avail a life insurance policy at the age of fifty then definitely he could not be able to wait for its outcomes for such a long period of twenty years. There is only a possibility that the insurance companies announces some special policies having shorter periods of five to seven years for the purpose of getting the lives assured of the 50 plus peoples.
Article Source: http://www.articlesbase.com/insurance-articles/should-the-people-having-the-age-of-50-avail-the-life-insurance-policy-4135610.html
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