Life Insurance FAQ's

Direct term life insurance is a type of life insurance policy you can purchase direct from the life insurer online.

Term insurance is temporary protection lasting for a period of up to thirty years.

There may be several different terms of coverage available, including 10, 15, 20, or 30 year term life policies.

The longer your policy term, the higher your annual cost for insurance.

Several life insurers offer direct term life insurance, including Haven Life, AAA, ANICO, Fidelity Life and Globe Lif...
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Can seniors over 70 get term life insurance?

Yes, there are term life insurance policies available for seniors age seventy and over.

However, the length of coverage may be limited to 5 or 10 years, depending on your age and your health.

If you have health issues, there are guaranteed issue whole life insurance plans available for people ages 45 to 85.

Learn more about buying term life insurance for seniors over 70 years old.

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Can I buy instant coverage life insurance without taking a medical exam?

Yes, if you are healthy and qualify for coverage, you may be able to purchase no exam life insurance with coverage that starts the same day you apply for a policy.

These quick issue life insurance plans are available online and allow qualified individuals the option to apply online and begin their life insurance protection immediately upon approval.

The amount of coverage available and the pricing of the policies does vary ...

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Yes, there are no-exam life insurance plans available for people over 65.

You may be able to choose from permanent life insurance , term life insurance, or guaranteed-issue life insurance without an health exam, if you're over sixty-five years old.

However, the most affordable life insurance policies will be term life, since they are temporary and build no cash value; whereas, guaranteed-issue policies will cost the most because they guarantee your approval for life insurance.

Learn more about f...

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If you're shopping for term insurance coverage, you may be wondering how your term life coverage is priced.

Pricing for term life insurance takes into consider several key factors to develop your premium.

Some of the main pricing factors include your age, health, type and amount of life insurance you need; as well as, your gender, lifestyle, occupation, hobbies, tobacco use, among other risk factors that may help the life insurer determine your life expectancy.

Since term life insurance is tempo...

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Yes, even if you are a senior with major health issues, you may still be able to purchase life insurance.

Although many life insurance plans may decline a senior with pre-existing health issues, there are guaranteed issue life insurance plans offered to people age 45 to 85.

With guaranteed approval you can't be denied coverage due to any pre-existing health problems.

And, you won't have to take any medical exam, or answer any questions about your health.

However, these guaranteed issue life insur...

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If you own a term life insurance policy and have been insured for several years, or you've experienced a major life event in recent years; such as buying a home or getting married, you may be wondering if you need more term life insurance.

You very well may need to add some more life insurance coverage to your financial plan if your financial responsibilities have increased since you purchased your term life policy.

The best way to find out your current need for term life insurance is to use a ...

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Can people age 75 and over get whole life insurance coverage?

Yes, in fact, you may be able to get whole life insurance plans up to age 85 through some insurance companies.

However, most life insurance policies offered at that age are guaranteed issue, which means you cannot be turned down for coverage due to any health problems.

And, guaranteed plans do not require you to take a health exam, or answer any questions about your health.

However, these guaranteed issue whole life insurance plans usu...
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What is modified premium term insurance and how does it work?

Modified premium term life insurance is temporary life insurance protection that comes with premiums that change over time, on a regular basis.

Term life may provide coverage lasting for a period of up to thirty years, with options of 10, 15, 20, 25 or 30 year terms.

Modified term policies have premiums that change on a regular interval, usually every 5 or 10 years.

The change in your insurance premiums may increase or decrease each in...
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