Affordable Life Insurance Protection for Your Family
Are You Over 70 and Looking for The Best Deal on Term Life Insurance?
If you’re over 70 and in need for quality, affordable protection for your loved ones, comparing term life rates from leading insurers can help you find the best plan that meets your personal life insurance needs and fits your family’s budget.
Today, more and more people over the age of 70 are purchasing life insurance.
Having life insurance not only brings peace of mind, but it can also provide for your family if anything were to happen to you.
Term life insurance can provide your loved ones with the money they need to cover your final expenses and maintain your family’s lifestyle.
We’ve all heard those sad stories about families being left with thousands of dollars of debt after their loved ones passed away unexpectedly.
Between the cost of a funeral, credit card debt, hospital bills, and mortgage payments, your loved ones could be left buried under a mountain of debt they cannot afford.
That’s why affordable life insurance can help give you peace of mind knowing your loved ones will be financially secure and not burdened with financial problems after your passing.
You can find affordable protection even if you have health issues.
Getting life insurance over the age of 70 is much more common than you might expect.
Many people who bought term life insurance in their 20’s, 30’s or 40’s may have policies that are expiring in their 50’s or 60’s but may still need life insurance beyond that age.
Others may be getting married for a second time and may need life insurance protection for their new spouse.
And, you may need life insurance to cover a home mortgage so that your spouse and kids can stay in the house by providing funds to pay off the mortgage loan.
Term Life Insurance Explained
Is Term Life Insurance Right for You?
If you’re looking for affordable coverage or life insurance protection for a period of 30 years or less, then term life offers you the coverage you need at a price to fit your budget.
What is Term Life Insurance?
It’s temporary life insurance that pasts for the "term" you select – from 10 up to 30 years.
How Does Term Life Work?
It’s simple – You pay the insurance company a monthly or annual premium for a set amount of life insurance for a specific period of time, and the insurer agrees to pay out a death benefit to your beneficiary (you choose) upon your passing.
If you outlive the duration of your policy, there coverage ends, and there is no payout.
How Long Does Term Insurance Last?
You may be able to choose coverage for a period of 5, 10, 15, 20, 25 or 30 years depending on the insurance company, your age and health.
How to Compare Prices for Term Life?
You can compare rates on term life coverage by requesting a free quote online.
You simply fill out a short quote request form answering a few simple questions and then click on a button to instantly receive the lowest prices available from 40 of the leading insurance carriers.
Sample Rates – Term Life Insurance for 70 & 75 Year Olds
Sample rates below are based on healthy, non-smoking males, who qualified for Preferred Plus rating;
10 Year Term Life Sample Rates for Healthy, Non-Smokers
How to Save Money on Life Insurance?
If you want to save money on your policy you can follow these easy tips:
What Factors Affect My Cost of Life Insurance?
There are several main issues the insurer will take into consideration when developing your premium for coverage, including your age, gender and health.
In addition, several risk factors impact your cost of insurance, including your lifestyle, tobacco use, hobbies, occupation, height-to-weight ratio, driving record, among other things which may affect your longevity – how long you are expected to live.
How Long Is My Insurance Premium Guaranteed?
If you purchase level term life insurance your premium is guaranteed to remain level (the same) for the entire duration of your coverage, up to 30 years.
How Long Is My Insurance Coverage Guaranteed?
If you purchase level term life insurance your coverage amount is guaranteed to remain the same for the entire duration of your policy, up to 30 years.
Do I Need to Take a Health Examination?
Usually, a life insurance carrier would require a medical exam for anyone over age 50 requesting to purchase over $25,000 of life insurance protection.
However, guaranteed issue life insurance does not require you to take a medical exam.
What If I Have Been Turned Down for Insurance?
If you have applied for life insurance and been turned down, there are life insurance policies with guaranteed approval for people ages 45 to 85. With guaranteed issue policies, you won’t have to take a physical exam or answer any questions about your health.
Can I Get Life insurance Coverage on My Spouse?
Yes, you have insurable interest in your spouse, so a husband could purchase life insurance on his wife. And, a wife can purchase life insurance on her husband.
How Much Term Life Insurance Should I Buy?
It depends on your situation and needs.
You’ll want to consider what goals you want your life insurance policy to accomplish.
You may need life insurance to protect your mortgage, provide for your child or grandchild’s college education, help fund your spouse’s retirement, replace your income, maintain your family’s lifestyle, pay off debt, pay for living expenses, etc.
It depends on how much you have saved, how much you owe, your monthly expenses, your monthly income, and your financial goals for the future of your family.
We suggest you use a term life insurance calculator to help you quickly and easily determine your actual life insurance needs. It will give you an accurate estimate of how much coverage to buy based on your own specific situation.
Term 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 – Globe Life Insurance
$1* Buys $50,000 Globe Life Insurance for Seniors
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.