Easy Acceptance Life Insurance

What is easy acceptance life insurance?

It's a type of life insurance that gives you easy approval for coverage.

For example, a guaranteed issue life insurance is easy approval because it guarantees your acceptance for coverage, if you meet the age requirement for approval.

So, even if you have health problems, or have been denied life insurance by other carriers, you can still get insured. Get a free quote.

One highly-rated insurance company offers guaranteed approval life insurance plans for people ages 45 to 85 years old.

It's easy to get insured - there's no health exam required and you won't have to answer any questions about your health.

Learn more about easy acceptance life insurance.

 

Funeral Insurance for People over 50

Can people over fifty years old get funeral insurance?

Yes, there are funeral expense life insurance plans available for people over 50 years old.

In fact, several insurers offer these plans, including United of Omaha, Foresters, MetLife, Vantis Life, and Gerber Life, among others.

Usually, the maximum amount of coverage offered is around $20,000.

However, you may be able to buy a plan from more than one insurance company.

And, there are some insurers offering guaranteed issue funeral insurance plans that guarantee your approval for coverage, if you meet the age requirement.

Here's how to buy funeral insurance for people over 50 years old.

What is the Cheapest Type of Life Insurance?

If you are shopping for life insurance you may be looking to buy the most affordable plan available.

The life insurance that offers the cheapest rates would be term life insurance, if you need your life insurance coverage to last for a period of 30 years or less.

Term life is temporary coverage lasting for a specific number of years.

Whereas permanent life insurance provides lifetime protection and builds some cash value inside the policy, term life is temporary and only pays out a death benefit if the insured passes away during the policy term.

That's why permanent life insurance may cost up to 5-10 times more than term life for the same amount of life insurance protection.

Learn more about finding the cheapest type of life insurance coverage.

Who Needs Term Life Insurance?

If you are considering the purchase of a term life insurance policy you may be wondering who buys term life coverage.

Usually, term life insurance is purchased by those who need protection to last for thirty years or less, since term life offers life insurance for 10-30 years periods of coverage.

You may be able to choose a term life policy that provides life insurance for 10, 15, 20, 25 or 30 years.

Term life is not only the cheapest life insurance for 30 years or less, it provides you with the flexibility to choose coverage for the duration you need it to last, to meet your family's specific life insurance needs.

Some of the more common reasons to buy term life include to protect your young children until they are grown up and on their own, to provide for your child's education, to pay off your home mortgage loan, and to replace your income for your family.

Learn more about who needs term life insurance protection.

How Much Life Insurance for My Wife?

When it comes to buying life insurance for your wife, there are many things to take into consideration.

Husbands may want to protect their family by purchasing life insurance on their wife so that there is no financial stress upon the passing of the wife.

Consider everything your wife does for your family, from shopping, to cleaning to cooking to running errands, to picking up the kids after school and taking them to the doctor, among all the other things she does.

Now, imagine how many hours she works at home and perhaps outside of the home, and her total contribution to your family.

It would cost quite a bit to replace her efforts, and life insurance can help accomplish that goal.

But, in order to make an accurate estimate of how much life insurance you really need for your wife, you'll want to use a life insurance needs calculator.

What is the Definition of Graded Benefit Life Insurance ?

Graded benefit life insurance is a type of life insurance plan providing you with permanent life insurance protection.

However, if the insured person dies within the first 2 (or 3) years of being insured, the beneficiary would receive either a full return of all premiums paid plus interest, or a percentage of the death benefit from the life insurance policy.

That's why graded benefit life insurance plans are easier to get than traditional life insurance.

Usually, these plans are guaranteed approval with no health questions asked.

Also, the amount of coverage available is usually limited to around $20,000 or less.

These plans are meant for seniors and those who are unable to get insured due to health or other reasons where the applicant may be declined for coverage. Get a free quote.

When Does Life Insurance End?

There are several different ways a life insurance policy may come to an end.

• The Insured Person Dies While Policy Is In Force
• Term Life Policy Expires
• You Cancel Your Policy
• The Insurer Cancels Your Policy 

There are two basic types of life insurance: Term and Permanent.

A term life insurance policy ends when the policy term expires.

Whereas, a permanent life insurance policy lasts your entire lifetime, as long as the premiums are paid on time.

Learn more about when life insurance coverage ends.