By using medical tests are insurers trying to eliminate any applicants that are likely to develop a serious health condition in the future?

Medical tests provide accurate, current information about an applicant’s health that enable insurers to charge premiums that reflect the level of risk an applicant represents.

Because some health conditions are easily managed through proper medication, therapy or lifestyle changes, medical information makes it possible for insurers to cover applicants wi...
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What factors will affect the price I pay for a life insurance policy?

There are several key pricing factors including the type and amount of life insurance, as well as, your gender, age and health.

In addition, other personal risk factors impacting cost of life insurance include your family health history, your lifestyle, tobacco use, driving record, hobbies, occupation, height-to-weight ratio, among other things.

Basically, the younger and healthier you are, the lower your price of life insuran...
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I want to purchase life insurance, but don't want to take any health exam.

How much coverage can I get?

That will depend on your age and health.

But, the amount of no exam life insurance available will vary by insurer, too.

Some carriers offer up to $25,000 of guaranteed coverage, while others offer up to $1,000,000 of quick issue term life insurance with no exam, but you will have to answer some health questions to help the insurer determine if you qualify for a policy.

In addition, you may purch...

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Is there any low-cost life insurance coverage available for young adults?

Yes, in fact, life insurance is cheapest if you buy your policy while you are young and healthy.

The most affordable type of life insurance policy for young people is term life insurance because it offers temporary protection lasting for a period of 10, 15, 20 or 30 years, to meet your specific life insurance needs.

The shorter the term (duration) of your life insurance, the lower your cost of insurance.

Here's how to learn...

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Can I buy a life insurance policy on my parents to cover the cost of their final expenses?

Yes, adult children have an insurable interest in their parents, which is required in order to purchase life insurance on someone else.

There are guaranteed issue final expense life insurance policies available for people ages 45 to 85.

So, even if your parents have health problems, they can still get insured for final expense coverage.

With guaranteed approval plans there is no health exam needed, and your...
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Can people over age 80 get life insurance to cover their burial expenses?

Yes, in fact, there are guaranteed issue burial insurance policies available for people ages 45 to 85.

These plans may offer up to $25,000 of life insurance protection.

With guaranteed plans there is no health exam need, and no questions asked about the status of your health.

You cannot be declined for coverage if you meet that age requirements for approval.

However, the death benefits are usually limited the first two years...
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I need burial insurance to help pay for my final expenses, including the cost of my funeral and burial.

How much does it cost for burial coverage?

The premium charged for a burial life insurance plan will depend on several factors, including your gender, age and amount of insurance you need.

In addition, rates on burial coverage vary by insurance company.

For example, one insurer offers $3,000 of guaranteed issue burial insurance for $8.80 per month, while another insurer has a minimum premium of...
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The best type of life insurance for seniors is the coverage that meets your specific needs, and fits your budget. 

Seniors may choose from term life insurance or whole life insurance for their coverage.

If you need life insurance for a duration of 20 years or less, then term life may be most affordable type of policy.

If you need life insurance guaranteed to last your entire lifetime, then whole life insurance may be the best option.

If you have been turned down for life insurance before, then gu...
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Is it possible to buy a life insurance policy direct over the internet?

Yes, in fact, several life insurers now offer same day coverage for qualified applicants, which means you can buy a plan online.

Some insurers offer up to $500,000 or more of term life insurance protection with the option to purchase your coverage direct online.

Although there may be no medical exam required, there are some health questions you will need to answer when you apply for your policy to assist the insurer in decid...
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Can seniors over age 80 get life insurance to cover their final expenses?

Yes, in fact, there are guaranteed issue permanent life insurance policies available from United of Omaha for people ages 45 to 85.

These plans offer up to $25,000 of guaranteed coverage, and you cannot be turned down due to any health problems.

There's no doctor exam need and you won't have to answer any questions about the condition of your health.

Each plan comes with a money-back guarantee, and you can even buy coverage...
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