Term Life Insurance Blog

Term Life Insurance in New York

Are you a New Yorker shopping for term life insurance protection for your loved ones?

If so, you have several options available to you, but one of the quickest and easiest ways to find the most affordable policy is to compare pricing direct online from up to 40 of the leading life insurance carriers - and it only takes about 2 minutes.

That's right, There's no need to call up a life insurance agent, make an appointment, and sit through a sales pitch, just to compare prices.

You can shop and compare the best life insurance prices for New York residents from the convenience of your home or office any time of the day or night with no obligation to buy.

Learn more about term life insurance in New York and compare free quotes online in just minutes.

Senior Final Expense Life Insurance Programs

Are their final expense life insurance policies available for senior citizens?

Yes, in fact seniors age 45 to 85 can get final expense coverage with guaranteed approval - no health exams and no health questions asked.

Some insurers offer from $2,500 up to $25,000 of coverage for final expenses, and your beneficiary can use the proceeds from your policy for any purpose, including to pay for your funeral and burial costs.

Some of the leading insurers for final expense coverage include United of Omaha, Metlife, Vantis Life, Colonial Penn and Gerber, among others.

Here's how to learn more about senior final expense life insurance programs.

How Long Can Term Life Insurance Last?

If you are shopping for a term life insurance policy one of the most important questions to consider is how long you you need life insurance protection to last.

Since term life is temporary coverage for a specified period of time, you select the "term" duration of your life insurance.

Usually, term life offers coverage options for a period of 10, 15, 20, 25 or 30 years of protection.

So, the longest term life policy may last for up to 30 years. However, if you are over age 60, the longest term available may be limited to 20 years.

Learn more about term life policies.

Permanent Life Insurance with No Questions Asked

Is there a way to buy a permanent life insurance policy without having to take any health exam or answer any questions about my health?

Yes, there are "guaranteed issue" life insurance policies for people age 45 to 85 with guaranteed approval which means you cannot be turned down due to any health problems.

With guaranteed issue life insurance there's no no exam and no health questions asked.

Some plans offer as much as $25,000 of guaranteed approval life insurance.

What is Term Insurance?

The “term” in term insurance refers to the period of time you want to keep continuous life insurance coverage without the risk of an increased premium.

The full value of the life insurance policy is paid to the person or beneficiary you choose if you pass away during the term life insurance plan’s term (duration).

Terms are usually between 10 to 30 years - some insurers offer term life insurance for a period of 5, 10, 15, 20, 25 or 30 years.

Will My Term Life Insurance Premium Go Up Every Year?

No, your term life insurance premiums are guaranteed not to go up during the specified term of your life insurance policy as long as your insurance premiums are paid on time according to your life insurance policy specifications.

So, if you have a 10 year term life policy, your premiums will remain the same for the entire 10 year duration of your life insurance coverage.

Learn more about term life insurance and level premiums.

How long can I keep my term life insurance coverage?

The length of your life insurance coverage is based on the "term" (duration) of your life insurance.

For example, if you purchase a 20-year plan, you are covered for 20 years as long as your premiums are paid on time.

Term life insurance rates are guaranteed during the term period selected, but life insurance coverage may be available beyond the initial term length at increased premiums if you choose to renew your policy for another term when your original policy ends.

Learn more about term life insurance coverage and how it works.

How to prepare for a medical exam for life insurance?

Be sure to have the following with you at the time of your life insurance exam:

1. A picture ID.

2. A list of all prescription medications and dosages.

3. A list of the names and addresses of all of your medical professionals, clinics and hospitals visited in the last 10 years.

Here are some life insurance exam tips to help you prepare for your medical examination.

Will I Qualify for Final Expense Life Insurance?

Yes, you will qualify for final expense life insurance if you meet the age requirements.

Some insurance companies offer guaranteed approval for final expense insurance, which means there are no exams, no health questions, and you are guaranteed acceptance.

However, there are age limitations - for instance, one highly-rated insurer offers guaranteed approval for people ages 45 to 85.

Learn more about guaranteed approval final expense insurance.

Should I Buy Life Insurance or Final Expense Insurance?

There are whole life insurance policies that can provide the funds you need to pay for your final expenses, including the cost of a funeral and burial.

However, purchasing an insurance policy specifically for your final expenses might be a better value for your individual needs and budget.

For example, many people find that Final Expense Insurance is the more affordable insurance option for them as this provides a smaller, set amount of cash for a specific purpose.

And, the overall cost of final expenses may be around $7,500 - most final expense policies offer from $2,500 up to $20,000 of coverage, compared to regular life insurance policies which may have a minimum of $25,000 or $50,000 of coverage.

Learn more about final expense life insurance coverage today.