Do you want to find the lowest senior term life insurance rates?
If so, you’ve come to the right place. We will explain to you the steps to help you find the lowest rates.
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 it is temporary life insurance 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 year, rates have begun to increase.
That means now is the time for you to lock-in the lowest rates for your term life insurance policy.
If you are looking for a safe, secure insurance company, and low cost insurance, make sure you compare quotes from highly-rated carriers.
Although term life insurance offers you the cheapest form of life insurance, rates do vary by insurer and person, based on several factors.
The insurance company will take many things into consideration when offering you a quote. Some factors that affect your rates include:
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.
Senior term life insurance rates vary 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 three life insurance quote sites may improve your chances for 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 policy.
Many seniors in America have used the internet to find very inexpensive term life insurance plans to lower the cost on what life insurance coverage they currently have, or they are looking for a term life policy from a superior life insurance company 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.
Top Pick – JRC Insurance Group
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Highly Recommended – Globe Life Insurance
$1* Buys $50,000 Globe Life Insurance for Adults
Guaranteed Issue Life Insurance – If you are over age 60, have health issues, or you have been turned down for life insurance, people ages 45 to 85 may purchase life insurance with guaranteed approval with no medical exam or health questions asked.