Life Insurance FAQ's

Is there life insurance available for people over 65 years old?

Yes, a 65 year old may qualify for term life insurance, whole life, or choose guaranteed issue life insurance plans.

The cheapest type of life insurance coverage for 65 year olds would be term life, because it offers temporary protection, usually up to 10 or 15 years, for people over 65.

Whole life insurance is much more expensive because it provides lifetime protection, as long as you pay your premiums.

And, if you have a pre-existi...

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Are there any life insurance companies that offer coverage without asking any questions about your health?

Yes, in fact, several life insurers offer no questions asked life insurance coverage. These are usually referred to as "Guaranteed-Issue" life insurance plans.

That means, you cannot be denied coverage if you meet the age requirements for approval. With guaranteed plans there is no health exam required, and you will not be asked about health questions.

These plans may be a good option for s...
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What are burial life insurance plans and how do they work?

Burial plans are small life insurance policies that provide the money needed to pay for your final expenses.

It’s a way for you to make sure that your family is not left in a financially stressful situation, looking for a way to pay for your burial and funeral costs after you die.

By purchasing a burial insurance plan, you get peace of mind knowing you've planned for the future, and you have shown respect for your family by providing t...

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Is it possible for me to buy a life insurance policy without any medical exams or medical questions asked?

Yes, there are life insurance policies available with no medical needed and no health questions.

Two types of life insurance policies offering this kind of coverage include accidental death insurance which pays out a death benefit if the insured dies as the result of an accident.

The other type of life insurance is guaranteed-issue which offers a limited amount of insurance coverage, usuall...

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The cheapest type of life insurance policy without any health exam required is term life insurance.

Term life is the cheapest type of life insurance policy because it provides temporary coverage lasting for a period of up to thirty years.

You may choose a "Term" of coverage or your policy from 10, 15, 20, 25 or 30 years.

The shorter your life insurance policy "term", the lower your annual cost of life insurance protection.

In addition, the lower your amount of life insurance, the lower your annua...

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Can I buy life insurance policies on my parents?

Yes, if you are an adult child, you have an insurable interest in your parents, and you may purchase life insurance for your parents.

Whether you are looking for a small life insurance policy to provide funds needed for final expenses (burial and funeral costs) on your parents, or you need something larger to help pay for childcare for your kids, should your parents pass away, it's possible for adult children to insure their parents for life insu...
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Is there whole life insurance protection available for 76 year olds?

Yes, there are whole life insurance policies a 76 year old can purchase without having to take any physical examination, or answer any health questions.

These are referred to as Guaranteed Approval whole life insurance policies and they guarantee your acceptance for coverage, even if you have a pre-existing health condition.

These plans usually offer a limited amount of life insurance coverage, up to $25,000.

With guaranteed iss...

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Is it possible to buy a life insurance policy without any check on your health?

Yes, there are life insurance plans available offering coverage with no health exam, but fewer that offer coverage without any questions about the status of your health.

These plans are usually limited to accidental death insurance, or guaranteed issue life insurance.

Accidental death insurance only pays out a death benefit if the insured person dies as a result of an accident, not natural causes.

Guaranteed issue lif...
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If you're buying a new home, or you have a home, you may be considering mortgage life insurance to pay off your outstanding mortgage should you pass away.

With mortgage term life insurance you can get affordable rates and the coverage you need to fit your specific mortgage.

With mortgage term life plans you select a duration of coverage (term) that matches your mortgage loan - 15, 20 or 30 years.

And, choose an amount of term life insurance that matches the amount you owe on your home loan mortg...

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