What are the limitations to term life insurance policies.

There are a few important limitations to term life, including:

• Duration of Coverage is usually limited to 30 years or less.
  
• You may outlive your term life insurance protection.
  
• Rates on term life increase if you choose to renew your term life insurance policy when it expires.
  
• Term life is pure protection, providing a death benefit, but no investment feature.
  

If your term life insurance policy is ending, you may be wondering what options are available to you.

Actually, if you need your life insurance coverage to continue, you may be able to renew your current term life policy for another 10 year term, when it expires.

Or, you could buy a new life insurance policy - either term life, whole life, or more than one policy.

Another option would be to go without any life insurance coverage. It depends on your situation.

Learn more about your options if your...

Is there burial insurance with guaranteed approval?

Yes. There are burial expense life insurance plans available that offer guaranteed acceptance if you meet the age requirements for approval for coverage.

Some plans offer coverage with guaranteed approval for people ages 45-75, 40-80, or even ages 45-85.

Guaranteed Issue means you cannot be turned down for a policy of you meet the age requirement, and can pay the premiums.

Some plans offer up to $25,000 of guaranteed issue coverage for burial li...

Is there any life insurance seniors can buy without answering any questions about their health?

Yes, it's called "Guaranteed Issue Life Insurance" and it guarantees your approval for life insurance if you meet the age requirement for acceptance.

With guaranteed issue life insurance you won’t have to answer any questions about your health in order to get insured.

People ages 45 to 85 can get guaranteed acceptance life insurance through United of Omaha.

Learn more about no health question life in...

Can I buy a term life insurance policy without taking a medical examination?

It depends on your age, health, and the insurance company guidelines for approval.

However, there are now several insurers that offer no exam term life insurance policies for qualified applicants between the ages of 20 to 60 years old.

In addition, other insurers may offer plans for people ages 18 to 78 years of age, but offer lower maximum limits of life insurance coverage.

Some insurers offer same-day coverage for qual...

If you need life insurance to provide protection for your family for a period of twenty years, you'll want to consider term life insurance with a 20 year term.

This means you have life insurance protection that will last for a duration of 20 years.

The premium you pay for your life insurance p-policy will remain the same each year you are insured.

In addition, the amount of life insurance provided by your policy remains level, never decreasing throughout the life of your 20 year term life plan.

I...

Is there life insurance for seniors over age 80?

Yes. There are life insurance policies available for seniors over eighty with guaranteed approval.

Guaranteed approval means you cannot be turned down for coverage, if you meet the age requirement for approval.

For example, United of Omaha offers guaranteed issue life insurance for people age 45 to 85 years old.

With guaranteed acceptance life insurance, there is no health examination required, and you don't have to answer any questions about your ...