Life Insurance FAQ's

Can diabetics get life insurance with guaranteed approval?

Yes, there are insurance policies available for diabetics that provide guaranteed approval, as long as you meet the age requirements.

Guaranteed issue life insurance plans have varying age requirements, depending on the insurer.

For example, some insurers may offer guaranteed coverage for diabetics age 45-75, 40-80, 45-85 or 50 to 85.

The amount of life insurance coverage available from any one guaranteed issue plan may be limited to a m...

What is Guaranteed Life Insurance and Non-Guaranteed Life Insurance?

A guaranteed issue life insurance policy is one that guarantees your approval for coverage, while a non-guaranteed issue life insurance policy means you may or may not qualify for coverage.

If you have health issues, or you have been turned down for coverage, guaranteed life insurance may be a good option for you.

However a non-guaranteed life insurance policy may be better suited for people who are willing to take a medical ex...

Which life insurance carrier offers better quick-issue non-medical term life insurance - Fidelity Life or New York Life?

When comparing life insurance plans for non-med term insurance there are several variables to consider including the pricing, amount of life insurance coverage available, financial strength rating of the insurer, and how long it takes to coverage, among other things.

Fidelity Life offers quick issue term life plans with no doctor exam to a wider age range of applicants than N...

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Yes, if you are over 65 years old you may qualify for term life insurance, which is temporary coverage lasting for a specific number of years.

Usually life insurers offer term insurance for a period of up to 30 years, but people over 65 may be limited to terms 5, 10 or 15 years of coverage.

Keep in mind, if you outlive the duration of your policy, your life insurance coverage ends.

Learn more about buying term insurance for people over 65 years old.

If you're looking to purchase affordable senior life insurance coverage you'll want to learn about term insurance, because it offers by far the lowest-priced life insurance available for senior citizens.

In addition, comparing pricing from among several life insurers will help you quickly decide which insurer offers the most affordable coverage.

Keep in mind, the longer your life insurance policy "term" (duration), the higher your annual cost of insurance.

Seniors may be able to choose a term li...

Is there New York Life Insurance with No Medical Exam?

Yes, in fact, there are several life insurance carriers that may offer coverage to people without having to take an exam.

For example, ANICO offers healthy individuals up to $249,999 of life insurance with no exam - for residents of New York state.

In addition, several other insurers offer no exam life insurance; however, the requirements for approval with no exam are more stringent - some require people in good or excellent health.

Here's ho...

Can senior citizens buy life insurance for the cost of cremation?

Yes, there are cremation life insurance policies available for seniors.

In fact, you may buy a life insurance policy with guaranteed acceptance for anyone age 45 to 85 that offers from $2,000 up to $25,000 of life insurance coverage which can be used to pay for cremation and any related expenses.

An, even if you have a pre-existing health problem, you can get insured.

Here's how to get cremation insurance for seniors.

Which type of life insurance plan and insurer is best for final expenses coverage?

If you need final expense life insurance you may want to compare United of Omaha versus John Hancock - two of the more well-known providers of life insurance plans to cover your final expenses.

Both life insurers are highly rated, with an "A+" Superior financial strength rating from A.M. Best.

However, there are some differences, including pricing, maximum amount of insurance available, and the age requirements fo...