BEST Life Insurance over 50 Quotes
BEST Life Insurance over 50 Quotes
We don’t all need life insurance throughout our entire lives, any more than we do auto or homeowners’ insurance.
If you no longer drive a car, you don’t need auto insurance.
If you no longer own a home, you don’t need homeowners’ insurance.
3 Circumstances you may no longer need life insurance
- When you and your spouse have accumulated enough assets and income streams to independently care for yourselves.
- When your children are self-sufficient adults.
- When your estate is too small to owe estate taxes or liquid enough to pay the estate taxes.
2 Basic Types of Life Insurance
Life insurance comes in two basic flavors.
Whole or universal, you get the protection of a death benefit and also there’s an investment component, called its cash value.
This type of policy is also known as permanent insurance, as you can hold it your entire life.
Term insurance, the policy lasts for a given period, often 20 or 30 years, and carries no cash value. Term usually is cheaper than whole or universal.
BEST Life Insurance over 50 years old
Life insurance is one of the best investments that you can ever make for your loved ones.
It’s one of the only ways that you can ensure that your family has the money that they need.
Many people assume that once they retire, they can get rid of their life insurance plan, that could end up being a costly mistake for your loved ones.
Before you decide to skip the policy, make sure that your family will have the funds that they need if something tragic were to happen to you.
Make sure that you don’t have any significant debts or final expenses that your family would be responsible for if something were to happen to you.
Because you no longer have a steady stream of income, they won’t need to replace your paycheck.
Unfortunately, they could still struggle to pay for all of the expenses that you leave behind.
Best Life Insurance over 50 No medical
No medical life insurance is a type of life insurance that does not require medical tests.
Some no medical life insurance types go even further and do not even require a medical questionnaire.
This is an ideal type of insurance for those who would not be approved for traditional (also called standard) life insurance that comes with medical tests and a questionnaire to complete.
The drawbacks of no medical insurance are lower insurance coverage and more expensive premiums when compared with the premiums for the same coverage of a traditional life insurance policy.
Types of Life Insurance over 50 No medical Exam
No medical life insurance comes in a few forms:
A simplified issue no medical life insurance policy does not require a medical exam, but still requires answering a medical questionnaire.
A guaranteed issue no medical life insurance policy does not require a medical exam or a medical questionnaire.
These policies offer various levels of coverage and have a waiting period before you can make a claim.
Shop online For Life Insurance over 50 no medical exam life insurance policies from top life insurance companies.
Compare prices online.
Please note that ‘no medical exam’ does not mean no medical questions!
Most no medical exam policies do have qualifying medical questions.
Policies, features, and companies are not all the same.
While you can and should run your own quotes on our website, we recommend you speak with a professional broker to discuss differences in policies.
You can contact our office phone 813-964-7100 or by email us firstname.lastname@example.org and we’ll call you back promptly.
Call us at 813-964-7100