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.