Insurance industry is a global industry in modern times. Insurance agencies are running to insure after each and everything that is available under the sun.
- Annuities (This is an insurance product designed by insurance companies to provide income - either in future date or immediately. They regarded as insurance for a retiree since they protect him/her from outliving his/her financial resources)
- Burial Expense (This form of insurance is designed to be conveniently purchased and there is no requirement of a medical exam or a complex questionnaire)
- Dental Plan (basic care for specific dental services)
- Life Insurance (It provides protection against the death of the insured's death in the form of payment to a designated beneficiary)
- Long Term Care (This pays for care giving services for the elderly or chronically ill. It covers the cost of long-term custodial care in a nursing facility or even at home)
- Medicare Supplement (This is a private medical insurance policy that reimburses for out-of-pocket expenses. It allows individual to have insurance coverage for the remaining percentage for which Medicare doesn't pay)
- Prescription Plan (helping seniors to save medical costs by enabling them to have proper usage of prescription medicine)
- Vision Plan (helping seniors to have a normal and healthy vision)
- Pensions (Though not insurance in regular meaning of the term, but they could also be supplemental insurance since they include payments made in the form of a guaranteed annuity to a retired or disabled employee). Some retirement plans (or superannuation ) help in accumulating cash balance that a retiree can withdraw after retirement.
Some of world's seniors insurance agencies are:
- Seniors Insurance
- National Seniors Insurance
- Australian Seniors Insurance Agency
For more information on Seniors Insurance, please refer to www.mapsofworld.com .
