Life Insurance for People Over Age 80

Is there life insurance available for someone over age 80?

Yes, United of Omaha offers guaranteed approval whole life insurance protection for people age 45 to 85.

There are no health exams required and no questions asked about your health.

You can get an instant quote and apply online for your life insurance policy in minutes.

And, you cannot be turned down due to any health problems.

You can choose from $3,000 up to $25,000 of permanent life insurance protection.

Here's how to get life insurance for people over age 80

How Life Insurance Policies Work?

How does a life insurance policy work?

A life insurance policy is a contract between a person (the owner of the life insurance policy) and the insurance company.

The owner which can be the insured person, agrees to pay premiums to the insurance company in return for a death benefit being paid out by the insurer to there beneficiary of the policy upon the dearth of the insured person.

The owner of the policy chooses a beneficiary when purchasing the life insurance. The beneficiary is the one who receives the death benefit from the life insurance policy, usually tax free, when the person who is insured dies.

Learn more about how life insurance policies work

Term Life Insurance Policy Features

What are the features of a term life insurance policy?

There are several common features of term life insurance policies, including the duration of your policy, and the options of convertibility and renewability.

The most common features of term life insurance include:

1. Term of Policy - the length of time you have life insurance coverage.
2. Term Options - Choose term life coverage for a period of 10, 15, 20 or 30 years with most term plans.
3. Level Premiums - Level term life insurance has premiums that stay the same each year for the entire duration of your term life policy.

Here are some more common features of term life insurance

Parties to a Life Insurance Policy

Who are the parties involved in a life insurance policy?

A life insurance policy is actually a life insurance contract between the insurance company and the owner of the life insurance policy.

The owner of the life insurance agree to pay a premium to the insurance company in return the insurer agrees to pay out a death benefit upon the death of the insured person. The recipient of the death benefit would be the person or persons named in the life insurance policy as beneficiary.

The parties to a life insurance policy include the insured person, owner of the life insurance policy, the life insurance company, the primary beneficiary and the secondary beneficiary.

What is the Quickest and Easiest Way to Get Life Insurance?

The quickest and easiest way to buy life insurance is to get instant issue life insurance with no exams online.

Today consumers like you want to get started with their life insurance as soon as possible, without the hassles and delays of the traditional life insurance buying process of past years.

The internet now makes it possible for consumers to complete the entire life insurance buying process online and start their life insurance coverage the same day they apply online - if they qualify for life insurance.

Some insurers have simplified the buying process of life insurance making it possible for you to get an instant life insurance quote, apply online (safe and secure), and purchase your life insurance all at the same time. And, if you qualify you can start your life insurance protection today.

These instant issue life insurance plans do not require you to take any health exam, but there are some health questions for you to answer when you apply online for your policy. And, these policies come with a money-back guarantee.

Here's how to get the quickest and easiest life insurance

Life Insurance for Singles

Does a single person need life insurance coverage?

That depend son your personal situation. Do you have anyone who relies on you for some financial support?

If you are single, but you provide financial support for a family member, charity, or for a friend, you may want to consider life insurance.

Also, if you plan on one day getting married and starting your own family, you may want to consider purchasing life insurance, since rates are lowest while you are young and healthy.

There are many reasons to buy life insurance for singles.

How Much Does Life Insurance Cost on Average?

When it comes to the cost of life insurance, what you pay will depend on your own personal risk factors, and the type and amount of life insurance you buy.

So, there isn't really one average cost of life insurance, because each person's needs are different, and each life insurance company has their own set of rates for consumers based on the person;s risk factors.

However, it is simple to determine your own average cost of life insurance.

You can request a life insurance quote online from a quote provider.

After requesting your quotes you will instantly receive your premiums quoted, then you can determine the average cost of your life insurance by adding the total premiums and dividing by the number of quotes offered - to get your average cost of life insurance.

Does term life insurance pay out at the end?

Does a term life insurance policy pay out at the end of the term?

A term life plan is temporary life insurance for a set number of years. If you pass away during the term of your policy, your death benefit is paid out to the person or persons named as beneficiary to your life insurance policy.

If you are alive when your term ends, there is no death benefit paid put on your term life policy, your life insurance coverage expires.

However, if you have a return of premium term life insurance policy and you outlive the term (duration) of your term policy, you will get back most of the premiums you paid for your term life insurance coverage.

Keep in mind, premiums are higher for a return of premium policy compared to a regular term life policy. You are betting that you will survive for the entire term, and get your money back.

What does Level Term mean?

Level Term refers to the period of time for which you have level premiums for your life insurance coverage, and the length of time your life insurance policy will provide coverage.

For example, a 10 year level term policy with $250,000 of coverage for $300 per year:

Based on the above example, you would have life insurance protection for a period of 10 years. Each year you would pay $300 to the insurance company for your life insurance policy. If you die within that 10 year period before the policy expires, your beneficiary would receive the $250,000 death benefit from your life insurance policy.

So, your premiums remain "level" for the entire "term" (duration) of your term life insurance policy. In addition, the amount of life insurance provided by your policy remains the same each year for the entire term.

Level term insurance is the cheapest type of life insurance available for a period of 30 years or less. In addition, there are level term life insurance policies with no health exams required. You may even be able to start your level term life plan today, if you qualify.

Where online can someone get a quote for term life insurance?

There are many websites on the internet that offer you the opportunity to request and compare instant term life insurance rate quotes from a network of highly-rared life insurance companies.

Some of the leading life insurance quote providers include 1ClickCoverage, Termfinder, Efinancial, AccuQuote and QuickQuote, among others.

You just visit their sites, fill out a quote request form, and you instantly receive side-bye-de life insurance quote comparisons from some of the best life insurance carriers in America.

If you like the quotes offered, you can call their toll-free number for assistance, or request an application for life insurance coverage.

Some life insurance quote providers even offer no exam life insurance you can start today.

Here's how you can get a quote for term life insurance today.

Who buys term life insurance?

Many different types of people buy term life insurance for temporary life insurance needs, such as,

Individuals

Couples

People on a Budget

Married Couples

Young Families

Homeowners

Newlyweds

Expecting Parents

People with a Mortgage

Learn how you can buy term life insurance online starting today.