Reasons to Buy Final Expense Insurance?

Why do people choose to buy final expenses life insurance policies?

Whether or not we plan ahead, the inevitable happens to us all - we all die sooner or later.

Planning for the future with the purchase of final expense coverage can help give you peace of mind knowing there will be the money needed provide you with a respectable funeral.

It shows you respect your loved ones enough to make sure they won't be left with the financial stress of finding a way to pay for your final expenses, including the cost of you burial and funeral.

Learn more about common reasons to buy final expense insurance policies.

Life Insurance over 50

Is there life insurance for people over 50?

Yes, in fact, there are several types of over 50 life insurance plans available, including term life insurance, permanent life insurance and guaranteed issue life insurance.

The cheapest type of over 50 life insurance coverage is term life which offers temporary coverage lasting for 10, 15, 20, 25 or 30 years.

Permanent life insurance costs a lot more, and provides lifetime protection, as long as you pay your premiums. It also builds cash value inside the policy.

Guaranteed-Issue life insurance policies offer a limited amount of coverage for seniors, usually from ages 45-75, 40-80, or 45-85. If you meet the age requirements for approval, you cannot be denied coverage.

Learn more about finding affordable life insurance over 50.

Insurance for People over 65

Is there life insurance available for people over 65?

Yes, a 65 year old may qualify to purchase term life, whole life, or guaranteed life insurance policies.

The cheapest type of life insurance plan for 65 year olds would be term life insurance, because term life offers temporary protection, usually up to 15 or 20 years for a sixty-five year old.

Whole life policies are more expensive because they provide lifetime protection, as long as you pay your premiums.

And, if you have a pre-existing health issue, or you've been turned down for life insurance, then you may want to consider buying a guaranteed issue life insurance plan, which guarantees your approval if you meet that age requirements; for example; ages 45 to 85.

Here's how to get insurance for people over 65 years of age.

Burial Life Insurance Plans

What are burial life insurance plans?

They are small life insurance policies that provide the money needed to pay for your final expenses.

It’s a way for you to make sure that your loved ones are not put in a financially stressful situation, looking for a way to pay for your burial costs when you die.

By purchasing a burial plan, you are giving yourself the peace of mind knowing you have prepared for the future, and respect your family by providing the funds necessary for them to pay for your funeral and burial.

They will appreciate that you have planned ahead and provided for your end of life expenses.

Burial Expense Insurance policies offer up to $25,000 of coverage without the hassles of any health exams or health questions being asked of the applicant.

Here's how to get affordable burial life insurance plans.

Is there Life Insurance with No Medical Exams and No Health Questions Asked?

Is it possible to buy life insurance without any medical examinations or medical questions asked?

Yes, there are life insurance policies available with no exam needed and no health questions for you to answer.

Two types of life insurance policies offering this type of coverage include accidental death life insurance, which pays out a death benefit if the insured person dies by accidental means.

The other type is guaranteed-acceptance life insurance, which offers a limited amount of life insurance coverage, usually up to $25,000 - and it guarantees your approval for a policy if you meet the age requirements, for example, ages 45 to 85.

Here's how to get life insurance with no medical exams and no health questions asked.

The Difference Between Group Term Life Insurance and Individual Term Life Insurance

If you have a job and get life insurance through your employee benefits plan, you are insured through a group term life insurance policy which your employer provides for all employees.

However, there are some limitations to these plans. For example, if you are no longer working for your employer, the life insurance coverage does not remain with you, unless you convert the coverage into your own individual permanent life insurance policy which you pay for, and which costs a lot more than term life insurance.

In addition, if you are no longer employed, and you don't convert your coverage because it would be too expensive, you may find yourself without any life insurance. And, if your health has changed, you may be uninsurable, when you need it most.

Buying your own individual term life insurance policy outside of work will guarantee you protection for the life of your policy, whether or not you are employed.

Learn more about the differences between group term life insurance and term life insurance.

Cheapest Life Insurance without any Medical Exams?

The cheapest type of life insurance without any health examination is term insurance.

Term life is the cheapest because it provides temporary insurance lasting for up to 30 years.

You may choose a term for your policy from 10, 15, 20, or 30 years, usually.

The shorter your policy "term", the cheaper your annual cost of life insurance protection.

In addition, the lower your amount of insurance, the lower your annual premium for coverage.

Several risk factors will impact your cost of insurance, including your age, gender, health, lifestyle, tobacco use, driving record and occupation, among others.

Here's how t learn more about finding the cheapest life insurance without a medical exam required.

Life Insurance Policies for Parents

Can you buy a life insurance policy on your parents?

Yes, adult children have an Insurable Interest in their parents, and may purchase life insurance coverage on their parents.

Whether you are looking for a small life insurance policy to provide money to cover the cost of their final expenses, or something larger to help pay for child care should your parents die, it's possible for adult children to insure their parents with life insurance.

Learn how to buy life insurance policies on your parents.

Whole Life Insurance for 76 Year Olds

Is there whole life insurance available for a seventy-six year old?

Yes, there are whole life insurance policies a 76 year old can purchase without having to take any physical examination, or answer any health questions.

These are referred to as Guaranteed Approval whole life insurance policies and they guarantee your acceptance for coverage, even if you have a pre-existing health condition.

These plans usually offer a limited amount of coverage, maybe up to $25,000 or less.

With guaranteed plans you cannot be denied coverage due to your health.

If you meet the age requirements for approval, you can get insured.

One highly-rated insurer offers guaranteed whole life insurance for people between the ages of 45 to 85 years old.

Here's how to get whole life insurance for people age 76.