No-Hassle Life Insurance For Seniors

If ever there is somebody who is already considered as a golden-ager or a person who is already in his over-the-hill age and he is trying to look for a way to apply for life insurance, most people would probably agree that this person will have a hard time looking for one let alone having a hard time trying to convince the different life insurance companies to approve and process his life insurance policy.  That is very true.  It is rare for a person at this point of his life to get a life insurance so that he can provide financial assistance to his bereaved family by the time he is not around anymore.  But, the thing is, what is being mentioned is the traditional whole life insurance.  There are actually three types of life insurance: the whole life insurance, the universal life insurance and the third one is the term life insurance. If he really wants to insure himself, he should go for the third which is also considered as the hassle-free life insurance for seniors and this is the term life insurance.

Term life insurance was concocted by different life insurance companies so that they can cater to all types of different people from different walks of life.  It doesn’t really matter if that person is already old or is still young, if he is healthy or he has some pre-existing medical condition like asthma, cancer, diabetes or even any type of heart problems.  If that person applies for term life insurance, all he needs to do is to choose the term according to his preferences, his age, his medical condition and, of course, his budget.

Given the example above, if that elderly man wants to insure himself so by the time comes that he won’t be around anymore, his bereaved family can have extra financial assistance that they can use for his funeral, he should opt for term life insurance or what they call as no-hassle or guaranteed life insurance for seniors.  Through this type of life insurance, he can actually choose the term he wants. He can choose from a one-year term life insurance, a 10-year term life insurance or even something like thirty or even forty-year term life insurance.  Before he can choose, he must consider first his age and his health and nobody can help him determine the right term but his life insurance provider or agent.  He should talk this out with his agent so he can come up with the decision on what kind of term is best for him.

Furthermore, aside from the fact that this term life insurance for seniors is flexible, it is also very affordable and fast.  Affordable because anyone can choose the right term and he can base it on his budget.  Fast because there is no need for him to undergo several medical and/or physical examinations. 

So, if there is anyone out there who wants to go for an affordable, flexible and fast term life insurance for seniors, then, term life insurance is his right choice. But, remember, this is not only for seniors. Even those who are still at a younger age can go for term life insurance if he wants to especially if he is on a tight budget but, still, would like to provide his young family with a  brighter and richer future.

No Medical No Physical Life Insurance For Everybody

It is really very hard and time-consuming for anyone to buy traditional whole life insurance. Whole life insurance is not only expensive but it can take a long, long time for a life insurance company to approve and process the life insurance application of an individual since they need to know a lot of things first that can determine the cost of the premium of that traditional whole life insurance of a person.  One of these things is that a person needs to go undergo physical and/or medical examinations first.  How people have wished that there is no such kind of “no physical life insurance” so that the approval can be faster and the premium cost can be much more affordable.

Right now, they don’t have to wish because even before they wished for it, their wishes are granted. There is actually already an existence of such life insurance no physical type and this is what they call as term life insurance.  If a person will go for this type of life insurance instead of the traditional whole life insurance, his life insurance application will be approved faster and will be processed immediately so that he can be insured right away which will give him a peace of mind knowing that his family’s future is already secured and protected and can be brighter and richer even though a time will come that he won’t be around any longer to take good care of his children and his widow.

Term life insurance is also known as the “no medical no physical life insurance” type simply because there is no medical and/or physical examinations involved. Once a person shows interest in applying for traditional whole life insurance, he will be asked by the life insurance company to subject himself to different examinations like a basic physical exam, X-ray, blood sample, urine test, stool exam and, sometimes, a person should undergo EKG so that the life insurance company can find out if he has heart problems or not.  So, what is the big deal about all of these different examinations? The results will determine the cost of the premium of the life insurance.

If, for example, a life insurance company finds out that a person has health problems like diabetes, heart diseases or even cancer or asthma, the cost of his life insurance premium can be very expensive.  Other than his age, his health condition is considered by life insurance companies to determine the cost of the premium and the actual insured money. If a person has cancer and he wants to insure himself for a million dollars, that would be close to impossible.

However, this “no medical no physical life insurance” type, there is an absence of these examinations. The applicant only needs to answer a few “health” questions and that’s it.  And, also, it doesn’t matter if he is still young or is already a senior citizen, he can always get term life insurance without any hassles whatsoever.

Searching For Instant Term Life Insurance Prices Online

If ever there is somebody here reading this and is planning to buy the traditional whole life insurance, it is recommended that this person should hold his or her horses first and consider a lot of different things before doing anything else.  First of all, he or she has to know that the traditional whole life insurance is not the only option that this person can go for. There are actually three kinds of life insurance, the traditional whole life insurance, the universal life insurance and the third is the term life insurance.  He or she should also know that many people today are looking for instant term life insurance prices instead of looking for the prices for either the traditional whole life insurance or the universal life insurance.

That fact of the matter is, term life insurance is now the most popular of all three types of life insurance types.  Why? That is because term life insurance is very much affordable as compared to traditional whole life insurance and universal life insurance. Moreover, term life insurance is very practical and anyone who becomes a policy holder for this type of life insurance will have total control over his or her policy.  Moreover, still, term life insurance is considered as an “instant” type of life insurance and why is that?

It is already understood that if a person would like to get his own life insurance because he wants to insure himself and give himself a peace of mind knowing that whatever happens to him, the future of his family will still be brighter, better and richer even though he may not be around anymore, he has to go through some kind of medical and/or physical examination. If that is the case, then, it would take a long time for the life insurance company to approve the application for life insurance for an individual. That’s why, many people try to find an instant life insurance quote somewhere online or the many different instant term life insurance prices posted by different life insurance companies.

As what have mentioned before, the policy holder has total control of this flexible type of life insurance. He can choose from a one-year term to even a forty-year term when available. This will give him a chance to budget his money and choose the term according to his preferences or his age and his health status and this kind of life insurance has no medical examinations and the approval and processing for this kind of life insurance is fast and it can even be done online after he had seen the different instant term life insurance prices posted by these companies.

Is It Worth For Grandpa To Buy Life Insurance For Seniors?

It is already known that when it comes to whole life insurance, the premium cost of such kind of insurance is more expensive if a person is already in his over-the-hill age, the golden age or, what others call as the senior year.  That is why, it is recommended for a person to buy whole life insurance when he is still at a younger age and he is just starting out with his young family.  But, of course, not everyone can afford to buy whole life insurance any time they want.  Other people can only start to plan to buy whole life insurance when they are already in their golden age.  But, since whole life insurance for senior over 60 is expensive, it is much recommendable that a golden-ager, so to say, should go for life insurance for seniors and it is not whole life insurance but term life insurance.

That is right. There really are two different major kinds of life insurance, the whole life insurance and the term life insurance. Now, both of these life insurance can actually insure a person and assure that person that he can still provide for his family in the future even if he is not around anymore.  The only thing different about these two types of life insurance is the price.  The traditional whole life insurance is basically expensive since it can cover a person for life. For a few persons, it is necessary for them to go for a whole life insurance because, for them, life is so unpredictable. They might be paying a lot when they don't know what will happen to them and when.  On the other hand, term life insurance, which is also called as life insurance for seniors, can cover a person for a limited time according to the preferences of the policy holder. If he thinks he only need a 5-year term life insurance, he can go for the 5-year term. He can also choose a 10-year term or even a 20 or 30-year term life insurance if he wants. That means that term life insurance is very flexible and the policy holder has the total control over his term life insurance.

Term life insurance is not only recommended for people who are already in their over-the-hill age but it is also recommended for people who have health problems. Most probably, if a person with diabetes applies for whole life insurance, either the life insurance company will disapprove the application or it will approve it but with a higher cost for the premium of whole life insurance. If the diabetic person gets term life insurance, there won't be any problem at all.

That's why, if an older individual wants to insure himself either to provide a better future for his family or to have another source of finances to spend for additional expenses like funeral expenses and so on, then, life insurance for seniors which is the term life insurance is his best choice.

Is There Such Thing As A No Medical Exam Life Insurance?

When a person has decided that he should buy whole life insurance, he must expect that his life insurance application will be processed and approved in around four to six weeks.  That is because life insurance companies are requiring anyone who wants to buy life insurance to undergo physical and/or medical examinations.  These examinations will ensure the life insurance company that it is not dealing with someone who is considered as a high-risk individual because of his pre-existing medical condition.  Undergoing medical examinations is a common part of buying life insurance policy. But, what if a person feels he needs to have his own whole life insurance now? Is there some kind of no exam life insurance or no medical exam life insurance being offered by some life insurance companies?

The simple answer is "yes". There really are some different life insurance companies that offer life insurance that don't have any physical and/or medical examinations at all.  But, this is not the whole life insurance as what some people know about. Instead of thinking about whole life insurance if they don't want to be subjected to a lot of physical and/or mental examinations, then, they should go for term life insurance.

Term life insurance is a kind of life insurance that can be of great benefit to people from all walks of life regardless of age, marital and even medical status.  In whole life insurance, a person is subjected to a lot of physical and/or medical examinations so that life insurance companies can be sure that the person that it is dealing with is not a high-risk individual.  If a person has cancer and the life insurance company offered him a whole life insurance and he was not subjected to examinations and he died the following month, will the life insurance company lose a lot of money especially if the person insured himself for a million dollars? Of course, they will lose a lot of money. That's why, instead of whole life insurance, they will tend to offer him term life insurance which is also known as the no medical exam life insurance.

In spite the fact that term life insurance doesn't involve any medical examinations in any form, term life insurance is still the most affordable type of life insurance compared to the traditional whole life insurance.  A person who gets term life insurance can choose the term he wants from a five-year term life insurance and even as longer as a forty-year term life insurance. With this no medical exam life insurance, for sure, he can get insured as soon as possible and have peace of mind knowing that his family's future is richer and brighter even though he is not around anymore to do that.

Senior Life Insurance? Yes And It's Term Life Insurance

If somebody would think about life insurance and he is already considered as a senior citizen of the society, what would be the first thing that will come to his mind?  Everyone knows that when talking about whole life insurance and a person is already way past his prime of his life or he is already in his over-the-hill age means that whole life insurance is very expensive, right? That is absolutely and precisely correct. But, what is being talked around here is not the traditional or whole life insurance but term life insurance which can really be considered as senior life insurance.

Yes, that is right. Today, even those who are a little bit older than the rest can have assurance and peace of mind that if something happens to them, they can still provide a better and brighter future for their families, either their children, their grandchildren or anyone whom they wanted to be their beneficiaries. Unlike whole life insurance, senior life insurance is very friendly to the pocket simply because the policy holder can have control over his or her term life insurance policy.  That elderly can choose a 5-year term life insurance and all he needs to pay is the premium for that 5-year insurance policy.  If that person thinks that he needs a 10-year term life insurance, he can do so and nobody can stop that person.

There are other people who decide that they would like to buy life insurance for their elderly like their parents.  That is another option. But, if the elderly would like to be the one to have his own life insurance, then, term life insurance for seniors like that person is highly recommended.  

He can choose 5 years or 40 years term for his or her term life insurance policy basing on his present situation, his health, his preferences or his budget.  If he thinks he can outlive anyone, then, maybe, he might want to go for a 30 or forty-year term life insurance. If it expires, he stopped paying for that and his coverage will also end there. However, since he has control over his term life insurance, he can opt to renew his term life insurance and continue to provide himself with insurance so that he can provide a better and brighter future for his family.

A senior life insurance like the term life insurance is what they need instead of going for the whole life insurance. However, after all, they have a choice. As what have been mentioned, he can choose this or if any of his children decides to buy whole life insurance for them, well and good.