Life Insurance FAQ's

How Much Life Insurance Can I Buy without a Physical Exam?

August 23, 2018

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 purchase a no exam life insurance policy form more than one insurance company, in case you need more coverage.

Learn more about how much life insurance you can buy without a physical exam.

Posted by hadley hadley. Posted In : Life Insurance FAQ's

Affordable Life Insurance for Young Adults

August 20, 2018

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...

Posted by hadley hadley. Posted In : Life Insurance FAQ's

Final Expense Life Insurance for My Parents?

August 17, 2018

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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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Is the Burial Insurance for Seniors over 80?

August 14, 2018

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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Posted by hadley hadley. Posted In : Life Insurance FAQ's

How Much Does Burial Insurance Cost?

August 11, 2018

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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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Which Life Insurance is Best for Seniors?

August 8, 2018

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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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Purchase Life Insurance Online?

August 5, 2018

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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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Is there Final Expense Life Insurance for Seniors over 80?

August 2, 2018

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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Posted by hadley hadley. Posted In : Life Insurance FAQ's

How to Buy $25,000 of Life Insurance with No Health Questions Asked?

July 30, 2018

Is it possible to purchase life insurance without any health questions?

Yes, in fact, several insurers now offer guaranteed approval life insurance plans with no questions asked about your health.

However, the amount of coverage available is usually limited to around $20,000.

But, one highly-rated life insurer offers up to $25,000 life insurance no questions asked.

If you need more coverage you may purchase a policy form more than one guaranteed issue life insurance company.

These plans may offer ...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

The Different Types of Life Insurance Policies?

July 27, 2018

When it comes to shopping for life insurance there are several different types of plans to choose from; however, the two basic types of coverage are Term Life and Whole Life.

Term life is a type of temporary coverage providing you with protection for a set period of time, usually lasting up to 30 years.

Whereas, whole life provides lifetime protection for as long as you live, usually.

Each of these two plans offer variations; for example, with term life there are annually renewable plans, decrea...
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