SBA Grants Explained: How to Apply, Qualify, and Utilize Funds for Your Business

The Small Business Administration or the SBA is an agency established by the federal government that primarily aims to assist small businesses in the country. This agency is committed to the role of promoting entrepreneurship and helping the flow of the nation’s economy. Since its establishment in the 1930s, SBA remained committed to its mission of assisting small business owners, especially now that the pandemic drastically changed most of the country’s economy.

How SBA Grants Work

SBA grants are usually given to eligible groups and organizations that are responsible for initiating training and consultation programs, and other business-related programs that promote entrepreneurship within the country.

Types of SBA Grants

There are various small business grants and assistance funded by the SBA. Choosing where you will apply may depend on the type of assistance that your business needs. Listed below are some SBA programs that you can apply to:

Small Business Innovation Research Program or known as the SBIR program

Small Business Technology Transfer program or known as the STTR program

7 (j) Management and Technical Assistance Program

SBA Grants Focusing On Community Organizations

There are also available grants focused on veterans who own small businesses as well as small business owners who are focused on innovation and development. If you belong to this category, you may be eligible to apply to the following programs:

  1. Boots to Business Program or the B2B – In availing of this program, you must be a recipient of the Boots to Business Program. This typically assists small business organizations for a period of 5 years.
  2. Veterans Business Outreach Centers or the VBOC – Just like the B2B and other small business grants for veterans, the VBOC provides counseling and business-related training sessions to veterans, disabled, and spouses of veterans planning or owning a small business.
  3. Service-Disabled Veteran Entrepreneurship Training Program or the SDVETP – This is a program that focuses on supporting organizations responsible for initiating training programs for veterans aspiring to start a business or veterans who own small businesses.
  4. Women Veteran Entrepreneurship Training Program or the WVETP – This is another funding opportunity provided by the SBA Office of Veterans Business Development (OVBD) wherein it targets female veterans, service members, and spouses of veterans who are owning or planning to start a small business. The organization determines grantees based on their background, experience, and commitment to the training program provided by the organization.
  5. Veteran Federal Procurement Entrepreneur Training Program or the VFPETP – This funding opportunity is only available for recipients of the Veteran Federal Procurement Entrepreneur Training Program. This includes a period of 12 months as initial funding and two option years both having a 12-month period. The following are the existing procurement programs under this grant:
    • Procurement opportunity training for starting small businesses; and
    • Procurement training for established small businesses.
Organizations That Support Small Business Organizations

There is also a certain program under the SBA that promotes successful business innovation by small business entrepreneurs:

  1. Federal and State Technology Program (FAST) – This is a good funding opportunity for organizations promoting business innovation and research development. Specifically, the goals of this program are listed as follows:
    • Initiate programs within states that will promote the increase of innovation and research development proposals for the SBIR and STTR;
    • Increase the number of awards that the SBIR and STTR provides; and
    • Train and prepare SBIR and STTR grantees for potential success in their business.
Things To Keep In Mind

Here are some things to keep in mind about SBA Grants:

Usually Utilized Forms

The following are some Forms that you might need when you apply:

Seniors Car Insurance: How to Get the Best Rates and Coverage

There are many senior car insurance services on the market, that’s why looking for the right one can be challenging. Everyone who owns and drives a car needs car insurance, and in availing of one, it’s important to take note that you need to pay monthly premiums.

This may not be a problem for young and employed individuals. However, for seniors, keeping up with the payments can be more challenging and problematic.

Fortunately, there are many affordable car insurance policies available nowadays, all you have to do is to assess what services best fit your needs. In this article, we will share eight of the best car insurance for seniors.

What is Car Insurance?

Car insurance is a policy contract wherein you pay monthly premiums in exchange for certain coverage. This agreement is done between you and the insurance company. The amount paid monthly depends on the insurance coverage you choose to include in your insurance policy.

Almost all states in the US require car owners to avail of car insurance. This is to ensure that in case of sudden accidents or damage to the vehicle, there’s assurance that the expenses will be covered. Car insurance can also be useful when the car gets stolen or damaged due to natural disasters.

Benefits of Having an Insurance

Availing of car insurance offers many benefits to seniors including:

  1. It covers expenses due to damage caused by natural disasters
  2. It protects you from loss or theft
  3. It saves you from upfront expenses
  4. It can help you save money

Things to Keep in Mind Before Availing of Car Insurance

Also, before opting for car insurance, first, you must consider several factors such as:

8 Best Car Insurance for Seniors

Here are the eight best car insurance that seniors should consider:

Statefarm

Statefarm is one of the most looked-up car insurance companies for seniors since it offers affordable monthly premiums. On average, senior clients pay 880 dollars every year, which is equivalent to 73 dollars per month. Statefarm also offers many discounts for senior drivers to give a better car insurance experience. With its high ratings, you’re sure that you will be in good hands with Statefarm car insurance.

Geico

This is another car insurance company that offers affordable monthly premiums. For as low as 65 dollars in monthly payments, you’ll get a lot of benefits and coverage. Another feature that Geico has is that you can customize and manage your insurance policy within the comforts of your home through its application. Premiums may increase though if you have had a recent at-fault car accident for the last five years.

Allstate

Allstate is a good choice if you are looking for a great network of agents for personal services. However, Allstate is quite more expensive compared to its competitors, wherein you may be required to pay an average of 320 dollars monthly. This makes it not a good choice for seniors looking for cheaper insurance.

The good thing about Allstate though, is that they offer a long list of discounts like accident forgiveness and vanishing deductibles, so it is still not a bad choice for financially secure seniors.

Travelers

Travelers is a good insurance company for seniors who are looking for a wide range of options for coverage add-ons. Though the average monthly premiums may cost as high as 160 dollars per month, a long list of discounts compensates for it. Travelers' car insurance also has positive reviews when it comes to coverage and services. However, if you are a senior who is looking for the cheapest car insurance, Travelers might not be the option.

USAA

This is another great car insurance choice for seniors and youngsters alike. USAA offers low rates and excellent customer service. Also, people who are eligible for USAA memberships have higher chances of getting their car insurance approved. With its consistently high ratings, USAA is a sure and safe go-to for seniors looking for affordable car insurance.

Nationwide

Are you a retired senior who drives less? Nationwide is a good option. As we age, there’s no doubt we get confined to our homes more often than before. This means that seniors tend to use their cars less.

Nationwide determines your monthly premiums based on how often you drive, so the less you use your car, the lower premiums you will pay. Aside from affordable rates, Nationwide offers free annual insurance evaluations as well as a number of discounts.

Auto-Owners

Known for its high customer satisfaction rates, Auto-Owners is another car insurance company that provides affordable rates for seniors. Senior clients can also benefit from the company’s low mileage discounts.

AARP

AARP offers many services for their clients and makes sure that you are well-taken care of in times of accidents. They offer extra services like transportation and cleaning when you have an accident. AARP even provides a quality repair shop for your car. With its affordable rates, car replacement option, and accident forgiveness, it can be a good choice for you as a senior.

In conclusion, Aside from it being mandatory, availing of car insurance offers a lot of benefits to seniors. Not only will it protect you from expenses due to damage and loss, but it will also help you save some dollars from other car expenses. There are many car insurance companies with quality services and coverage, it’s just up to you to assess what’s the right one for you. I hope this article helped you find the car insurance that fits your needs.

Dental Insurance for Seniors: Exploring the Benefits of Insurance Coverage

Dental insurance for seniors is an essential kind of insurance coverage for the elderly. Given the high expenses demanded by dental care services like preventive care, minor restorative services, or major dental procedures, seniors might have difficulty finding money to cover all those expenses. As a result, seniors tend to eliminate dental care from their priority list which will then increase their risk of various dental health problems in the future.

Dental insurance helps seniors pay for the needed expenses for dental care instead of relying on their own pockets. There are many dental plan options to choose from, and in this article, we will help you find the right dental insurance policy based on your condition and needs.

Dental Insurance Definition

Dental insurance is a kind of insurance policy agreed upon between the insurance company and the policy holder. Basically, the policy holder pays monthly premiums, and in exchange, the insurance will cover most of the dental care expenses including check-ups, major procedures, and minor procedures. The amount of money paid monthly will depend on the services covered and how long the plan will be in force.

Types of Dental Insurance for Seniors

There are different types of dental insurance plans for seniors. These include the following:

Things to Consider Before Availing Insurance

Now that you know the different types of dental care insurance, you may now have an initial assessment of what type best suits your needs. Before deciding though, you should keep in mind the following:

  1. Affordability - One of the important aspects to consider first is what insurance policy can you afford. Generally, HMO plans have cheaper monthly premiums than PPO plans, however, they might still require you to pay co-payments based on the contract signed by the partner dentist and insurance company. PPO plans, on the other hand, have higher monthly premiums, but wider coverage.
  2. Preferred Dentist - Do you have a preferred dentist? You might want to choose an insurance plan where that can give you flexible options when choosing providers. PPOs usually give their policy holders the option to choose their own dentist without affecting the benefits they receive from the plan.
  3. Plan coverage - In finding dental insurance, you should also assess what dental services are covered by the insurance policy, especially if you need major dental procedures.
  4. Insurance limits and waiting periods - Some insurance companies have long waiting periods and annual cap limits. While this is not a problem for seniors with enough savings and stable income, seniors with a limited budget for dental procedures may have a hard time covering out-of-pocket expenses while waiting for their claims.
  5. Group coverage eligibility - Check whether you are eligible for group coverage plans like AARP, Affordable Care Act, Medicare, etc. Becoming part of a group coverage will give you more benefits and discounts compared to individual dental insurance.

Top Dental Insurance Choices

The following are some of the top choices of seniors when it comes to dental insurance.

Cigna

Most dental insurance policies in Cigna come with affordable premiums, no annual deductibles, and no co-payments. It also covers 100 percent of preventive dental care services like regular check-ups and cleaning. Cigna is a good option for seniors who are looking for wide coverage and affordable dental insurance. You can also monitor your payments through their official site.

Aetna

One of the well-known insurance companies across the US. Like Cigna, Aetna offers affordable insurance policies. With as low as 20 to 31 dollars a month, you’ll get wide coverage on various dental procedures. You should get prepared for long waiting periods though.

Delta Dental

This company is one of the most trusted dental insurance companies in the US. Delta Dental both offers HMO and PPO plans. Also, with over 150,000 networks of providers, policy holders have many dental clinics to choose from. The company also offers affordable premiums ranging from 50 dollars to 154 dollars a month depending on the type and coverage of the plan.

Guardian

Guardian is known for its affordable policies, discounts, and coverage options. In fact, It is one of the insurance companies with the highest rating and customer satisfaction. Policy holders will also benefit from zero deductibles. Moreover, Guardian does not include waiting periods for preventive care services. Major dental procedures, however, may include a 12-month waiting period.

Final Word

Given the natural process of declining health during our senior years, It is pretty common to encounter dental health problems. This means that we may have to spend a large sum on dental care. Fortunately, Availing of dental insurance helps seniors pay for their dental care expenses other than relying on their own savings or income.

Opting for dental insurance should come with a thorough assessment, wherein one should consider factors such as affordability, coverage, limits, eligibility, and needs.

Life Insurance for Seniors - Maximizing Your Life Insurance Coverage as a Senior

Life insurance for seniors is an excellent investment if you want to ensure financial security once you reach your golden years. From medical expenses to burial services, life insurance for seniors can cover the most common expenses of elderly people.

However, given the number of insurance companies promising quality and wide service coverage, seniors tend to have a hard time deciding what’s best for them. In this article, we will share information that will help you find the right insurance policy based on your needs.

What is Life Insurance

Life insurance is a policy agreed upon between the insurance company and the policyholder. The policy includes premium monthly payments to be paid by the policyholder, and in exchange, the insurance company ensures coverage for various expenses such as health, medical, and even burial services depending on the type of insurance you choose.

There are many types of life insurance which will be discussed in the next part of the article.

Types of Life Insurance for Seniors

The following is the list of different types of insurance you should know.

Whole Life Insurance

Whole life insurance or permanent life insurance is a type of insurance that lasts for a lifetime of the policyholder, unlike term life insurance where the insurance is effective only within a set period of years.

Once the policyholder dies, the insurance company will continue to pay benefits to the surviving loved ones included as beneficiaries of the policy. Additionally, whole life insurance also includes a saving component that the policyholder can use in a form of a loan. Whole life insurance typically costs about 1000 to 2000 dollars a month.

Term Life Insurance

As mentioned, term life insurance is a type of insurance that can last for a specific period of years typically 10 to 30 years. Also, unlike whole life insurance, term life insurance only covers death benefits and does not have a savings component.

This insurance type is more affordable than whole life though, which usually costs 100 to 500 dollars a month for a 10-year policy. Rates may increase for longer years.

Final Expense Insurance

This type of policy helps loved ones with burial expenses at the time of the policyholder’s death. This is one of the most patronized types of life insurance among seniors because other than it being more affordable compared to other insurance types, it is also easier to get qualified for one.

One just has to answer a series of health questions which will be the basis of the policy rate. No other medical exams and tests to undergo.

Universal Life Insurance

One good thing about this type of life insurance is that it is flexible. This means that you can skip payments without affecting the effectiveness of the policy. However, this may affect the value of the policy as it will increase at a slower rate. This is a good alternative for seniors who have difficulty paying for term insurance policies though.

Benefits of Life Insurance to Seniors

Availing of life insurance is no doubt beneficial to seniors. Aside from ensuring financial security after retirement, it also offers other benefits such as:

  1. It can be used as cash in times of need - Types of life insurance like whole life insurance can be a useful source of cash in times of need. Since this type of insurance has a savings component, the policyholder can get cash in a form of a loan to cover household repairs or health expenses.
  2. It can benefit loved ones when you pass away - Most life insurance pays benefits to the surviving heirs or loved ones when the policyholder dies.
  3. You don’t have to worry about end-of-life expenses - This is one of the best things about availing of an insurance policy. Your loved ones need not make a fuss about finding cash for burial expenses as you are ensured that they are covered by life insurance.

Top Life Insurance Choices for Seniors

There are many life insurance companies out there promising affordable and flexible policies, and to help you filter out the best options, we listed six of the best life insurance companies based on ratings and reviews. Below is the list of insurance companies you should consider.

Final Word

Life Insurance provides seniors peace of mind right after they retire because they know that they will be financially secure throughout their remaining years. Loved ones can benefit from the insurance as well. Moreover, older adults who just considered availing of life insurance can still get one despite their age.

Financial Planning for Seniors: Preserving Wealth in Later Life

Financial planning is essential for young and old people. As we go through the stages of life, our income, expenses, and saving patterns also change especially at the beginning of our retirement. That’s why it’s important to financially be prepared so that we can be ready whatever the circumstances may bring.

Starting a financial plan can be a lot of work, and most of the time, you might not know where to start. That’s why in this article, I will share some valuable information to guide you through your planning. I also included several tips that might help your financial life stay secure and stable.

What to Consider in Planning Your Finances

To establish an effective financial plan upon your retirement, it’s important to set your plan wisely. To help you get started, here are some of the things you should consider:

Your Personal Goals

Identifying your personal financial goals can be a good start in making your financial plan. In doing so you should ask yourself some important questions:

  1. Am I happy with my current lifestyle?
  2. Do I want to have better financial stability?
  3. What do I want to leave behind for my children and grandchildren?
  4. What leisure or travel would I want to experience?
  5. Will I need to have care assistance?
  6. What other medical and health needs do I have?

Note: You can list down all the necessary goals you want to include in your financial plan. It’s also important to make sure that these goals are realistic and attainable.

Short-Term Plans

After listing down all your goals, it’s helpful to categorize these plans whether it’s short-term or long-term goals. Short-term goals refer to the things that you’ll pay for a short period, usually 5 years or below. Examples of short-term goals are buying a house or a car. It can also be paying for a travel or tour.

Long-Term Plans

This kind of financial goal is longer than short-term and usually occurs within more than 5 years. Most long-term plans include goals for your future like retirement plans, end-of-life insurance, or long-term health care.

According to various financial resources, some of the things to consider in planning long-term goals include:

Income and Expenses

This is another vital aspect to consider in planning your finances. Start by identifying your income sources as well as your expenses. Next is to compare your monthly income against your fixed and estimated monthly expenses. Make sure that it includes all types of expenses like:

Note: Being aware of your income and expenses will help you evaluate if you can afford your financial goals or not. In this way, you can find another source of income or eliminate less important goals.

Getting Help in Financial Planning

Financial planning isn’t just a small thing it should be planned and thought about thoroughly. If you have confused about your current plan, it’s not a bad thing to ask for help. It’s also one way to make sure that you are financially secure when you get older. Try getting help from:

  1. Relatives/family members
  2. Financial professionals
  3. Government programs for the elderly

Safety Financial Tips to Consider

In financial planning, you also have to make sure all your savings, income, and insurance are secured. Here are valuable tips to consider:

Final Thoughts

Once you finally got a grasp of your personal, short-term, and long-term goals, it will be easier for you to plan your finances. It’s also important to compare your income against your expenses to determine if you have enough income to compensate for your needs and wants.

Moreover, keeping in mind the safety financial tips can help you avoid being scammed and abused. With good financial planning, you’ll be sure that you’re financially secure in the near future.

Long-Term Care Insurance: A Smart Investment to Secure Your Retirement

Long-Term Care Insurance refers to a policy that provides health care services, personal care assistance, skilled care, and other services you might need when you get older. These services can be given either in a nursing home, senior living facility, or in your home.

Though opting for this type of insurance policy can be quite expensive, it still offers many benefits to seniors, especially those who are suffering from cognitive impairments and other chronic health issues. If you want to know more about care insurance, its cost, benefits, and factors to consider before signing the policy, you landed in the right place.

How Much is Long-Term Care Insurance For Seniors?

The cost of long-term care insurance may vary depending on the scope of services the policy will cover. Coverage can include one or all of the following:

  1. In-home care
  2. Adult daycare
  3. Assisted Living
  4. Skilled Nursing
  5. Physical/Occupational/Speech therapy
  6. Transportation
  7. Personal care services
  8. Daily/Monthly care allowance

Factors That Affect Long-Term Insurance Cost

Some factors may affect the cost of insurance long-term insurance policies such as:

Age

This is one of the main factors that affect the cost of long-term care insurance. On average, seniors aged 50-55 would pay an annual amount of $950 to $1500. On the other hand seniors, between the ages of 60-65 will pay an annual amount of $1,700 to $2,700.

This means that seniors who started paying for the insurance at the age of 50-55 will have lower monthly premium payments than those who started the policy at 60 and above. Take note though that the amount may still vary depending on the policy plan.

Duration

Another factor to consider is the duration of the policy. Long-term care insurance is usually a lifetime care service, but some policies last for 1-10 years. The cost of monthly premium payments may depend on the duration.

Illness

Seniors with certain illnesses such as severe diabetes, Alzheimer’s, or other severe cognitive impairments may not be eligible for long-term insurance care. This is because most insurance companies make sure that their clients are financially capable of paying premium payments.

Additionally, healthy seniors tend to have less expensive premium payments than seniors who have chronic illnesses. This is because seniors with health conditions need extra care and assistance compared to healthy seniors.

Make sure to understand the insurance company’s standards when it comes to long-term care policies so that you can avail the most suitable plan for your needs.

Elimination period

This refers to the period before you can acquire the benefits from your insurance policy. In this period, you are to spend out-of-pocket money to cover health care costs. The elimination period typically ranges from 90-100 days which can be shorter or longer depending on the plan.

This is a crucial factor to consider when applying for care insurance as it concerns your budget and expenses. When you know the policy plan’s elimination period, you have the opportunity to assess your budget and check if it’s just enough to use during the time you need to pay for health care expenses.

Long-term care insurance is considered one of the most expensive care insurance policies for seniors. What’s good with long-term care though is that you get premium health care services when you get older.

Who Needs Insurance?

Applying for long-term care insurance is completely up to you. Before deciding though, it’s important to weigh down the advantages and disadvantages. You should also take into consideration of your retirement plans, health conditions, and financial capabilities, as well as the benefits the insurance offers.

Factors to Consider in Opting

Though long-term care insurance may offer a lot of benefits to seniors, opting for one is a major decision that should be thoroughly thought about. To help you with that, listed below are factors to consider before opting for one.

Healthy lifestyle

Whether you are living a healthy lifestyle or not, you may still need to have insurance. Some even say that seniors with a healthy lifestyle have a higher possibility of needing long-term care. This is because healthy seniors tend to live longer life and health decline occurs gradually compared to unhealthy ones who have a shorter life span.

One of the benefits of being a healthy person is that you’ll pay lower premium payments and you’ll be more qualified to avail of in-home care services.

Family health history

Are your relatives and other family members too far away? Or are they too occupied by their current job that they can’t provide care for you? These are some questions to ask yourself before opting for long-term care insurance.

It’s also important to know how your parents or grandparents were taken care of during their remaining years. And if they suffered from any conditions that you might inherit. In this way, you can assess whether you might need long-term care when you get older.

The type of care you might need

After going through your family history, you already have the knowledge of what health conditions you might inherit when you get older. If you think you don’t have a loved one or relative to take care of you, then it might be a good option to get long-term care insurance.

Financial capabilities

Before opting, you might want to assess how much the policy cost and if you have enough sources of income to pay the monthly premiums.

For seniors who earn a little income without being able to save, you might not be able to afford let alone get approved for long-term care insurance. In this case, you may solely rely on Medicare and Medicaid when you reach your retirement.

On the other hand, if you have just enough income and savings for your retirement, then opting for long-term care insurance is not a bad choice. Who knows, you’ll probably need it in the future.

However, if you have an abundant amount of income as well as savings, let’s say an accumulated savings of about $2 million or more, then long-term care insurance might not be needed as you are capable of paying your expenses out-of-the-pocket.

Where to Find Insurance

Once you have evaluated whether you need long-term care insurance or not. The next step is to find one. You can find through:

Insurance specialists

Examples are insurance agents, brokers, or financial planners. They are the ones that people usually go to when they are planning to start.

Most states usually regulate and monitor insurance companies that offer long-term care. This means that you can contact or visit the Department of Insurance in your state for a start. You can find it here. Just search for “Department of Insurance” in the browse tab located at the upper right corner of the screen.

Your employer

Most employers nowadays offer long-term care insurance to employees, may it be private, public, or under the government. If you’re currently employed, It is much easier to get long-term insurance through your employer than going through the paper works on your own.

Final Thoughts

Long-term care insurance offers a lot of benefits. From home health care, skilled nursing assisted living, and adult day care, to physical, or occupational therapies, long-term care got it covered. Though this type of insurance can be a bit expensive, it can still be a good investment for a better quality of life after retirement.

Jobs for Seniors: Exploring Lucrative and Fulfilling Job Opportunities for Older Adults

After retirement, it might be hard to think of what activities or plans you will be spending the rest of your life with. Fortunately, you don’t have to feel sad about being unemployed because there are many jobs for seniors out there waiting for you.

Whether you want to try out something new, want to continue your profession, or just want to have new social connections, there are a lot of opportunities out there. If you’re still wondering what job you’ll want to look forward to, worry not because, in this article, I will be sharing some of the best job choices for seniors.

Benefits of Hiring Senior Workers

Some seniors may be dissuaded from applying for jobs because they thought that establishments no longer hire seniors. Surprisingly though, many companies and establishments hire seniors because they believe that a team of people born in different generations can create a more successful business.

Below are some of the advantages of hiring senior workers:

Have More Experience and Skills

Some skills need a lot of years to master in a workplace. Many also stated that seniors possess skills as well as untaught experiences that make a positive impact in the institution they work at.

Show Strong Work Ethics

Many studies revealed that seniors show stronger work ethics than younger generations. With this said establishments that hire older adults will have a higher potential for success. An article by the Harvard business review stated that one of the solutions to improve the economy is to hire old workers in their companies.

Display Good Attitude

Compared to other age groups, senior citizens aged 55 and above tend to display more positive attitudes in the workplace compared to younger employees. In a recent study, the researcher revealed that seniors possess a positive self-image of their performance and stated that age in the workplace is not a limitation, but rather an opportunity for helping the community and economy.

Help Train Younger Workers

One of the vital roles of old workers in the workplace is that they pass their knowledge, experience, and skills to younger workers who are yet to master the skills needed in the field. Some companies even pay these senior workers who train younger workers.

Attract More Business

Older workers in both technical and business industries tend to have a more approachable aura. In fact, many businesses in the US hire older workers so that potential customers and clients, young or old, feel more comfortable transacting with a mature, friendly face.

Best Work for the Elderly

Knowing the benefits of senior employees in a workplace may have made you realize that the older generation still plays a vital role in maintaining the economic flow. If you’re interested in working, you might consider what type of job are you aiming for.

The best choices for seniors are:

Jobs That Are Related To Your Prior Career/Profession

If you want to continue your previous profession when you were still working, it’s not impossible to find freelance or part-time jobs that are somehow related to your profession.

Examples of jobs for seniors that are related to several professions are:

Jobs That Provide Benefit To The Community

Some seniors love to spend their remaining years helping people young and old alike. If you’re one of them, you can apply to charity event programs as a healthcare aide.

You can even work as a tutor, home or personal care aide, assistant teacher, or childcare worker.

Jobs That Enhance Social Connections

obs like tour guiding, sales management, event organizing, or customer service best match this description. If you’re a fluent or a native English speaker, you got the perks of being an ESL teacher (English as a Second Language teacher) as well. There are many ESL companies out there such as Native Camp, Weblio, and 51Talk.

If not ESL, you can also apply to BPO companies as a call center agent or a customer service representative. Furthermore, If you want to attract employers of your skills, you can upload your profile through LinkedIn.

The good thing about these jobs is that you can create new connections. This will help prevent chronic loneliness or depression, which are conditions prevalent in older adults.

Jobs That Involve Physical Activities

If you want to spend your senior years staying active, don’t worry because there are surprisingly a lot of opportunities out there.

The job depends on your line of expertise of course. If you love designing interiors or landscapes, then being an event organizer or landscaper is for you. If you’re always fond of pets, you can work as a pet sitter. This goes the same with seniors who love to be with kids. Additionally, for sporty seniors, applying as a coach or referee can be a great choice as well.

Jobs That You’re Passionate About

Whether you’re an artist, a theater actor/actress, a writer, or a poet who hasn’t been able to pursue his/her passion, it’s never too late to finally get a grasp of what you’re passionate about.

Nowadays, there are a lot of opportunities you can find either online or in actuality. So why not reignite your passion and find the chance to be known? Some even state that best selling-writers such as J.K. Rowling, and Daniel Steel are in their older years when they became successful writers.

Jobs Related To Business And Entrepreneurship

Starting a business is common among retired seniors. Since seniors are way more experienced and exposed to various lessons in life, they tend to have limitless business ideas and they know what the mass really wants.

This is a good start for creating an on-demand business. Statistics say that seniors between the age of 55-64 tend to have more successful businesses than the younger generations. Nowadays, selling even became easier as different online shopping platforms have emerged like Alibaba, eBay, and Amazon. This will help your business attract a wider scope of customers worldwide.

Final Thoughts

As digital technology and knowledge continue to evolve, it gave more opportunities for seniors to make some extra income and to have something to do in their remaining years. Whether you want to find a job related to business, charity, sports, passion, or your profession, there will always be opportunities you can find either online or through traditional inquiry.

Senior Life Insurance: Protecting Your Legacy and Your Loved Ones

Senior life insurance refers to insurance policies that seniors purchase that are intended for one’s final expenses such as burial and funeral expenses.

There are many insurance policies out there that are intended for seniors. However, knowing what specific policies to buy can be quite challenging. That’s why in this article, I will share useful information regarding senior life insurance as well as several insurance companies you can include in your list of choices.

Kinds of Senior Life Insurance

The best kinds of Life Insurance for seniors to look out for are:

  1. Simplified issue policy - This is one of the most common policies that seniors choose especially for those who have chronic conditions. You don’t need to go through a thorough medical examination, and you’ll only be asked several questions before being qualified. However, expect to pay higher premiums compared to traditional policies.
  2. Traditional life insurance - This option is best for seniors who are in good health condition and are financially capable of paying premium payments. However, some companies have high standards when it comes to qualifications. That’s the reason why applications are usually declined especially for seniors with health conditions and at an age too old for their limit.
  3. Guaranteed issue policy - The best thing about a guaranteed issue policy is that your application will not be turned down regardless of your current health condition, source of income, or age. The only disadvantage of this policy is that you might pay high premiums and get a low death benefit.

You Should Also Consider Policies Like:

Qualification for the Life Insurance

Most advisors recommend opting for a simplified issue policy or guaranteed issue policy You’ll only have to be asked several questions to determine if you’re qualified for the policy. There are no medical exams to go through unlike other life insurance policies out there.

Who Needs Senior Life Insurance?

Senior life insurance is a good thing to consider especially if you don’t want to burden your family when you die. However, it’s still a major decision that must be thought about thoroughly. Senior life insurance is for older adults who are:

Choosing an Insurance Policy

Choosing a life insurance policy and company can be a tricky decision. Wrong choices might lead you to overbuying policies or limiting the budget for your final expenses.

To make sure that the coverage you are buying and paying for is just enough for your final expenses, it’s best to consult a life insurance calculator. Opting for an insurance policy that lets you pay a fixed premium amount is a good choice as well since it is easier to set an allotted budget for it every month.

What are The Best Choices?

There are many insurance companies out there all promising good services and coverage. This makes it harder to find the right choice. Some of the things to look out for when finding a reputable insurance company are the rating, years of service, and customer reviews. To help you with that, I made a short list of the most recommended life insurance companies for seniors.

New York Life

This is one of the most recommended insurance companies for seniors. It accepts applicants up to 85 to 90 years old, and since it has been serving people for over 170 years, the company guarantees insurance quotes and policies that fits seniors’ budget and needs.

State Farm

If you’re looking for term life insurance, one of the most recommended is State Farm.

Term life insurance is a type of insurance for seniors wherein the policyholder promises to pay monthly premium payments in exchange for death benefits when the holder reaches his/her demise. The term period that State Farm offers ranges from 10, 20, to 30 years depending on your preference.

Mutual of Omaha

When it comes to guaranteed acceptance you don’t need to go through a medical examination to get qualified. You can choose from a range of policy options including a guaranteed issue policy that best suits people aged 45-85.

AIG

This company offers policies that cover funerals, burials, and other final expenses. It also offers guaranteed acceptance, especially for seniors aged 50-80 years.

Northwestern Mutual

Established in 1872, Northwestern Mutual has been a trustworthy insurance company that offers yearly dividend payments to policyholders.

Before Choosing One, Ask Yourself The Following Questions:

  1. Is the company financially stable?
  2. Does it provide excellent customer service?
  3. Is the application process difficult or easy?
  4. Can the company offer the features and policies you’re looking for?

Final Thoughts

There are a lot of insurance policies to choose from, but choosing the right policy and insurance company can be tricky and challenging. If you do find yourself confused, the first step to do is to determine if you need life insurance. If you do then list the insurance coverage you need. After that, it’s time to brainstorm about life insurance companies that offer your needs.