Affordable Life Insurance Protection for Your Family

Life Insurance For My Parents No Medical Exam

Is there life insurance I can buy for my parents that does not require them to take a physical examination?


The short answer to that question is "YES".


Today there are several life insurers offering no exam life insurance policies for people over 60 years old.


However, depending on the health of your parents, they may need a "Guaranteed Issue" policy.


What is a Guaranteed Acceptance Life Insurance Policy?


It’s a type of permanent life insurance policy providing lifetime coverage that offers guaranteed approval for anyone who meets the age requirements for acceptance.


For example, one leading life insurer offers guaranteed issue plans for people ages 45 to 85 years old.


With guaranteed policies you do not have to take any health exam, and there are no medical questions to answer.


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


But, if you need more protection, you may be able to buy a policy from more than one insurance company. Get a FREE Quote.


Purchasing Life Insurance on Your Parents

Today there are several life insurers that offer life insurance policies with guaranteed approval for senior citizens.


Many of us are asking the important question about what will happen if our parents were to pass away. And, have our parents planned for the inevitable?


No one wants to leave their loved ones in financial distress upon their passing, but the fact is, many of us have older parents that may be living on a fixed income, have little money saved, and may not be able to afford to pay for their own funeral and burial.


That’s why now is the time to plan for the future and get the coverage your parents need.


There are a few important things to consider when buying life insurance on your parents.


Actually, in order to purchase life insurance for your parents, you may need the following:

  • Your parent’s permission.
  • Your parent’s signature on the application for life insurance.


In addition, in order to buy life insurance on someone else (your parents) you are required to have an "Insurable Interest" in the person(s) you want to insure.


Insurable Interest Exists Between:

  • Parents and their Adult Children
  • Spouses
  • Family Members
  • Business Partners


Which Insurance Companies offer Life Insurance for Elderly Parents?


There are many life insurance carriers that offer senior life insurance plans you can purchase on your parents.


Some of the Leading Providers of Senior Life Insurance Plans include:


How Insurable Interest Works

Basically, insurable interest means you stand to lose financially if the person you wish to insure dies, or you rely on that person for some means of financial support.


Insurable interest does exist between parents and their children - YES you can buy life insurance on your parents.


Why Should I Buy Life Insurance for My Parents?


If you buy life insurance on your parents you can name yourself as beneficiary of the insurance policies.


Many adult children choose to purchase life insurance policies on their parents for the following reasons:

  • To Pay for Parent’s Final Expenses – Funeral and Burial Expenses
  • To Pay Off Parent’s Hospital Bills
  • To Pay Off Parent’s Credit Card Debt
  • To Leave Money for Your Parent’s Grandchildren – College Education
  • To Pay off Parent’s Home Mortgage Loan


Life Insurance Quotes

Top Pick – JRC Insurance Group

JRC Insurance Group helps you shop, compare and save on life insurance. Regardless of your age or health background, we'll shop our 40+ insurance companies and find you affordable life insurance you need to protect your family and fit your budget. Compare the best life insurance rates for savings up to 73%. Get Your FREE Quote.


Highly Recommended – United of Omaha

United of Omaha offers guaranteed acceptance whole life insurance for people age 45 to 85. Choose $3,000 up to $25,000 of coverage. Rates start as low as $8.80 per month. There’s no medical exam and no health questions. You cannot be turned down. You can get a quote and apply online now. START HERE to get a FREE Quote.


Life Insurance for My Parents with No Medical Exam

Life Insurance for Seniors Age 50 to 85


Disclosure: Compensated Affiliate