Great American Senior Benefits

Great American Senior Benefits is a company offering health and life insurance products specifically to people age 55 and older.

Great American offers life and health insurance.

The company has a line of products geared to meet the needs of older citizens. Its products are underwritten by:

• Central Reserve Life Insurance Company
• Continental General Insurance Company
• Great American Life Insurance Company
• Provident American Life and Health Insurance Company
• United Teacher Associates Insurance Company

The parent company, Great American Financial Resources, Inc., has its company headquarters in Cincinnati, Ohio. As of September 2006, the company reported having $12.9 billion in assets, $82 million in net earnings, and $1 billion in premiums and net worth. It collects over $1 billion in premiums from its policyholders each year. The Great American Life Insurance Company, its largest subsidiary, is ranked in the top 12 percent of stock insurance companies.

Originally designed to provide retirement annuities for teachers, the company added to its product line and now offers the following products to seniors:

• Fixed annuities
• Indexed annuities
• Variable annuities
• Life insurance
• Long-term care insurance
• Supplemental insurance

The supplemental insurance plan comes with a discount prescription drug card for subscribers. It is competitively priced, and allows for claims to be filed electronically.

Whole life insurance is more expensive than term insurance, which only covers you for a specific amount of time. Great American Senior has plans for people between the ages of 50-85. You have the option of choosing between a level benefit or a graded death benefit. The application is very simple and includes a series of questions that the proposed insured can answer with a yes or a no. A telephone interview is also required as part of the application process.

Long-term care insurance is used to pay for a stay in a retirement home, long-term care facility, or for home care when you need assistance to perform basic activities of daily living by or for yourself. Activities of daily living are:

• Bathing
• Dressing
• Eating
• Toileting
• Getting in and out of bed or a chair
• Walking

This type of policy can be issued to people between the ages of 18-89. The younger you are when you buy the policy, the lower your premiums will be, since the underwriters need to consider how long you are likely to be paying into the policy before you will be collecting benefits. A spousal discount on coverage rates is offered.

This policy pays a per diem benefit for each day you are confined to hospital or in an acute recovery care facility. You can use the money you receive under the policy to pay bills or to otherwise boost your economic status. This benefit is paid in addition to any other insurance coverage you have in place and the policy may be issued to people between the ages of 45 and 80.

The Great Senior Benefits insurance company has a line of products developed with the needs of older people in mind. With many products, a simple questionnaire is required to apply for coverage. For more information or to find an agent in your area, please visit the company web site.

• Cheapest Places to Retire
• Top Places to Retire
• Places That Don't Tax Retirement Income

• Pictures of Hairstyles for Mature Women
• Hairstyles for Mature Women
• Short Hair Styles for Seniors
• Over 50 Hairstyles
• Hairstyles for Older Women

• AARP
• Resources for Seniors
• Senior Exercise Activities: Granny Basketball
• Category:Estate and Financial Planning
• Senior Travel