Why Term Life Insurance is Best?

Is term life insurance the best option for you if you are looking to buy life insurance coverage?

Actually, it really depends on your situation, your needs, and what you want your life insurance policy to accomplish.

However, if you need life insurance that will provide protection for a duration of 30 years or less, then term life insurance may be the best option.

But why Term Life Insurance?

Because, it offers the cheapest rates by far for life insurance, which means you can afford to buy more coverage for your loved ones.

In addition, it offers flexibility for you to choose coverage that will last for 10, 15, 20, 25 or 30 years - to meet your specific needs.

And, it offers the options to renew coverage or convert your policy to permanent insurance in the future.

Term life is affordable, easy-to-understand, flexible, and gives you the most protection for your money.

Learn more about why term life insurance is best.

Funeral Insurance for Seniors

Is there funeral insurance available for senior citizens?

Yes. In fact, most funeral expense life insurance plans are geared toward people who are between the ages of 45 to 75, or older.

These funeral plans offer usually Guaranteed-Approval. The age requirements for acceptance may vary by life insurance company.

Guaranteed approval means you can't be denied a policy due to any pre-existing health conditions.

And, rates may start as low as $8.80 per month, depending on the amount of coverage you need, your age and gender; as well as, the state in which you reside.

Some insurance carriers offer up to $20,000 or more of life insurance for funeral expenses.

The average cost of a funeral including related expenses is around $8,755 - so you may want to take that figure into consideration when choosing the amount of insurance you wish to purchase.

Here's how to get funeral insurance for seniors.

Funeral Insurance Rates

What are rates for funeral insurance and how do funeral insurance rates work?

A rate for funeral insurance coverage is the price you pay per $1,000 of funeral life insurance protection.

Your personal rate for the insurance is based on several factors, including your gender, age, state of residence, among other things.

Women will pay a lower rate per $1,000 than men because women have a longer life expectancy on average.

Some insurers offer funeral expense insurance with premiums as low as $8.80 per month; however, your rate and corresponding premium will vary by insurance company.

Your rate will remain the same for the life of your funeral insurance policy, in most cases. That's why it is important to ask about this before purchasing your coverage.

Here's how to compare funeral insurance rates.

Immediate Death Benefit Life Insurance

Yes, there are life insurance policies that offer immediate death benefits.

In fact, most life insurance plans are issued with immediate coverage, once you have been accepted for insurance, and paid your first month's premiums, your life insurance coverage goes into effect the same day.

However, graded death benefits life insurance, also known as, guaranteed issue coverage, has limited death benefits the first 2 or 3 years you are insured.

That is how the life insurance company can guarantee your acceptance for coverage, even if you have serious pre-existing health conditions, or you have been turned down by other insurance carriers.

Some immediate death benefit life insurance plans offer you the option to apply online in minutes, and if approved, start your life insurance coverage right away.

What Happens When Your Term Life Insurance Policy Expires?

What are my options when my term life insurance plan expires?

If you own a term insurance policy, you may have several options to choose from when your coverage ends.

You may choose to go without any life insurance protection at all.

You may purchase a new life insurance policy, either term or permanent coverage.

You may be able to renew your expiring term life policy for an additional term, usually up to ten years.

Keep in mind, if you have any serious health conditions you may want to renew coverage if you need it, since your health may prove difficult to qualify for affordable life insurance protection.

Learn more about what happens when your term life insurance policy expires.

Life Insurance Quotes Online Only

Is it possible to get instant life insurance quotes over the internet, strictly online, not be email or over the phone?

Yes, although some life insurance quote providers email you the quotes, or sell your information to life insurance brokers who will contact you by phone to give you your quotes, there are insurance websites offering instant life insurance quote comparisons direct to your screen without any delays or hassles.

In fact, once you fill out a short Quote Request Form, you may receive your life insurance quotes in 15 seconds or less.

It's quick and easy to get online quotes and there's no obligation to buy.

Here's how to get life insurance quotes online only.

Who Should Buy Guaranteed Issue Life Insurance?

If you've been declined for life insurance coverage, or you're finding it difficult to get insured, you may be wondering if guaranteed issue life insurance is right for you.

Usually, people consider a guaranteed issue life insurance plan as an option of last resort, if they are unable to get insured.

There are many reasons why you may be considering guaranteed issue insurance.

Some of the main reasons for choosing guaranteed life policies may include: COPD, emphysema, obesity, cancer, AIDS, liver disease, or some other chronic health condition that is usually considered uninsurable. Request a free quote.

However, even if you've been turned down by other life insurers, you may still be able to get a guaranteed acceptance policy.

To learn more, read this article: "Who Should Buy Guaranteed Issue Life Insurance?".

Final Expense Insurance Quotes

What is a final expense quote for life insurance coverage?

It's an estimated price of how much it would cost you to purchase a policy for final expenses coverage

What does final expense insurance cost?

The pricing on final expense policies varies by insurers; however, your price will depend on your age, gender, amount of coverage and state of your residence.

Some plans start for as little as $8.80 per month.

How much final expenses life insurance can I purchase?

That depends on the insurance company. However, some insurers offer up to $25,000 of final expense life insurance.

You may be able to purchase a policy from more than one insurance carrier.

Here's how to get a final expense insurance quote.

Whole Life Insurance for Seniors

Can senior citizens buy whole life insurance policies?

Yes, there are whole life policies, also known as, permanent insurance policies available for senior citizens.

These whole life plans provide guaranteed lifetime protection, as long as the premiums are paid on time.

Whole life insurance provides a death benefit payout upon the passing of the insured person. These permanent insurance plans also build up cash value inside the policy, from which you may take a loan. Request a free quote.

Your life insurance premiums remain the same, and your insurance coverage does not decline, or expire.

There are guaranteed-issue permanent life policies for seniors age 45 to 85. Guaranteed coverage means you can't be turned down due to any pre-existing health condition.

Here's how to buy whole life insurance policies for seniors.

United Omaha vs. Funeral Advantage

How does United of Omaha final expense life insurance coverage compare to Funeral Advantage?

Both life insurance plans are for people who are in need of death benefits to cover the cost of their final expenses, including funeral and burial expenses.

Each final expense plan has their own age requirements and maximum amounts of coverage available.

In addition, the requirements for approval vary by life insurer.

For example, United of Omaha offers guaranteed acceptance for people between the ages of 45 to 85. There is no health examination required and no health questions asked.

And, the maximum amount of guaranteed-issue life insurance available from United of Omaha is $25,000.

Learn more about final expense insurance by comparing United Omaha vs Funeral Advantage.