Affordable Life Insurance Protection for Your Family
This is the place where you'll get up-to-date information on Term life online insurance, including money-saving tips, articles, company reviews and resources to help you learn about term life insurance.
Is there term life insurance available for people age 70 and over to buy?
Yes, if you are seventy or over, you may qualify to purchase a term life insurance policy.
However, the duration of term coverage available may be limited to a maximum period of 10 or 15 years, depending on your age and current health.
Som insurers may even offer no exam term life insurance plans.
In addition, there are guaranteed issue whole life insurance policies available for people between the ages of 45 to 85 years old.
What is Fixed Term Life Insurance?
It is term life insurance that provides protection for a fixed period of time. Life Insurance is simply about looking after the people most important to you when you're gone.
If you die within the period of coverage, a fixed cash payment could be paid to your loved ones which could help give them valuable time to recover from their loss without worrying about money.
Fixed term periods are available for 10, 15, 20, or 30 years of life insurance protection.
Example: You purchase a $100,000 term life insurance policy for a 20-year period. Whether you die in year three or year twenty, your beneficiary receives the same amount (i.e., $100,000). If you die even one day after the term and the policy expires, your beneficiary receives nothing.
And, with level term life insurance, your premium is fixed, it stays the same each year you are insured, for the life of your policy.
What is the Colonial Penn Program for Seniors?
It's a type of life insurance policy providing permanent life insurance coverage for people between the ages for 50 to 85 years old.
If you meet the age requirement, you are guaranteed approval or life insurance coverage, regardless of your health.
With Colonial Penn's plan there are no health examinations required, and you won't have to answer any questions about the status of your health.
Even if you have been denied life insurance from other carriers, you can get insured if you meet the age requirement for guaranteed approval.
There are life insurance plans available with no health questions asked; however, these are usually permanent life insurance plans with guaranteed approval.
That means you have lifetime protection, and there are no health questions asked and no exams required.
However, these plans usually offer a limited amount of life insurance protection.
There is one highly-rated insurance company that offers term life insurance with a few Yes/No health questions asked.
And, you may apply online for your life insurance coverage in a matter of minutes.
You can select up to $100,000 of term life insurance coverage with no health exam, and just a few simple Yes/No health questions to answer.
Yes, you may purchase term life insurance on your husband.
Spouses have an Insurable Interest in each other.
In order to buy life insurance on someone else, you must have an insurable interest in the person you want to insure for life insurance.
Many wives buy life insurance on their husbands to make sure their husband's income is replaced should their spouse pass away.
By purchasing life insurance on your husband, you can guarantee your family has financial security should your husband die.
Term life insurance is the most affordable type of life insurance available, offering coverage lasting for a duration (term) of 10, 15, 20, 25 or 30 years.
Can I buy one year life insurance protection?
Yes, there are annual renewable life insurance policies that provide one year of temporary (term) insurance protection.
You have the option to renew your one year term policy when it expires, if you need your life insurance to continue after the first year of coverage.
However, your annual premium will increase with each yearly renewal of the one year term life policy.
My dad is 83 should I get a life insurance policy on him?
If your father does not have enough money saved up to pay for his final expenses, you may want to get a life insurance plan for him.
Life insurance can provide the funds needed to pay for final expenses, including the cost of a funeral, burial and other end of life expenses; such as, hospital bills and credit card debt.
There are even guaranteed issue life insurance plans available for people ages 45 to 85.
So, even if your father has health issues, he can get insured for life insurance.
Are you a senior looking to buy life insurance with guaranteed approval?
If so, Colonial Penn can help.
Colonial Penn offers affordable plans with guaranteed approval for anyone between the ages of 50 to 85 years old.
With Colonial Penn you can get whole life insurance coverage without having to take any health exams, or answer any questions about your health.
Even if you have been turned down for life insurance by other carriers, you can still get insured.
Are you looking to buy life insurance but you don’t want to take any health exam or answer any questions about the status of your health?
Now you can get insured with no exams and no health questions to answer.
It’s called "Guaranteed Approval" life insurance and what this means is that you cannot be turned down for life insurance due to any health problems or pre-existing health issues.
Basically, you are guaranteed approval for a life insurance policy.
If you are under age 60 and looking for no medical questions asked guaranteed issue life insurance, you have several options to consider.
Some of the leading providers of these plans for people under 60 include United of Omaha, Colonial Penn, Gerber, AIG, AAA and Vantis, among others.
United of Omaha offers up to $25,000 of life insurance with no medical questions asked.
You cannot be turned down if you are between the ages of 45 to 85 years old.
Even if you have been declined for coverage by other insurers, or of you have a pre-existing health condition, you can still get insured.