Life Insurance Quotes for Seniors
Do you want to find the lowest life insurance quotes for seniors?
If so, you’ve come to the right place. We will explain to you the steps to help you find the lowest rates on your senior life insurance plan.
Insuring your life provides your loved ones with financial protection should you pass away.
There are some things you can do to find the best rates. First, let’s explain term life insurance. Term life provides temporary coverage for 10, 15, or 20 years – depending on your age.
Since term life insurance is temporary for a specific number of years, it offers you the lowest prices. Over the last 10 years term life rates have declined. However, due to the investment returns of insurers the past few years, rates have begun to increase.
That means now is the time for you to lock-in the lowest rates on your senior term life insurance.
If you are looking for a safe, secure life insurance company, and low cost term life coverage, make sure you compare life insurance quotes for seniors from highly-rated carriers. It’s quick and easy-to-do.
Get Your Instant Life Insurance Quotes
Although term life insurance offers you the lowest-priced life insurance protection, rates do vary by life insurer and person, based on several rate factors.
The life insurance company will take several factors into consideration when offering you a life insurance quote. Some factors that affect your rate for life insurance include:
- Your age
- Height-to-weight ratio
- Occupation and Hobbies
- Family health history
- Whether or not you smoke
Smokers: Tobacco users are twice as likely to die as non-tobacco users while they are insured for life insurance.
Life insurance companies take this into account when they set their premiums. You can save from 20% to 30% on premiums by quitting smoking. Smokers may even pay up to 2-3 times more for their life insurance than non-smokers.
Medical Problems: If you have a terminal illness, it is unlikely that any life insurance company will issue you a life insurance policy. In the case of heart disease, you may be able to qualify for life insurance, but your rates will be high.
Overweight: If you are overweight, or your height-to-weight ratio places you in the category of obese, you may find your rates will be very high, if you can qualify for coverage.
Diabetes: Seniors living with diabetes may find it difficult to get approved for life insurance. It will depend on your health, how you manage your diabetes, and your age, among other important factors. You may want to review this article explaining life insurance for diabetes to learn more about what to expect when you apply for a life insurance policy.
Life insurance quotes for seniors may vary quite a lot, and you can do something about your premiums by making some decisions to become healthier, like giving up smoking, improving your diet, exercising regularly, and maintaining a healthy weight.
Visiting at least two or three life insurance quote sites may improve your chances of finding the most savings on your term life insurance policy. The more insurers you compare rates from, the higher your chances of saving more money on your life insurance policy.
Many seniors in the USA have used the internet to find low cost senior life insurance plans to lower the cost on the life insurance coverage they currently have, or they are looking for a term life policy from a highly-rated life insurance carrier with the lowest cost possible.
Don’t wait too long because a future health issue could cause your life insurance rates to be much more expensive, or you may not qualify for life insurance at all.
Compare Life Insurance Quotes for Seniors
Top Pick – 1ClickCoverage
Compare the top 5 term life quotes from our network of over 100 leading life insurance companies in less than 2 minutes! Save up to 70%. Request your free quotes for term life insurance.
Highly Recommended – Globe Life Insurance
If you’re age 78 or under you may purchase up to $30,000 of simplified life insurance with just a few short health questions. Globe Life was founded in 1951 and is rated "A+" Superior by AM Best for financial strength. Globe Life has more than 3.8 million policyholders. Globe Life provides a 30 day Money-Back Guarantee. You can apply online in as little as 5 minutes.
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