75- 85 Age Best Life Insurance Seniors
As with so many things in life, there’s no such thing as too late.
Seniors can apply for Life Insurance even with some health issues.
The main thing to understand about life insurance is this: They all compete with one another in two main ways — price and underwriting. There is no one life insurance company that is best for everyone.
Let’s say you have diabetes. Company A might not like diabetics and give them a higher risk rating because of that. At the same time, Company B isn’t so afraid of diabetics because they have built their underwriting to better absorb that risk.
Best Life Insurance Seniors No Medical Exam
If you’re a senior with health issues, you might be wondering if you qualify for life insurance at all. Fortunately, the answer to that question is yes.
No-exam life insurance is exactly what its name describes. You don’t have to undergo a medical exam to get coverage, so medical problems aren’t going to keep you from getting coverage.
Of course, insurance companies take on more risk with no-exam policies, so they typically cost more than policies that require an exam.
So, if you have medical issues, it may be best to consider a no-exam policy. But if you’re relatively healthy, take the medical exam and save some money.
Every life insurance company has its own way of determining insurance rates, so there’s no guarantee that your local insurance agent or your car insurance company can offer you the best rates.
At Mintco Financial, we have licensed life insurance agents who can help you not only find the lowest insurance rates for your profile but also help you determine the right kind and amount of insurance you need.
Call us at 813-964-7100 or 716-565-1300
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