Is Term Life No Medical Exam Insurance The Best Choice For People Over 65?

Term life no medical exam insurance is one of the best over 60 life insurance plans as it offers good, fast and accessible coverage. Seniors may want to purchase life coverage to pay for their funeral expenses or to financially Term Life No Medical Exam Insurance provide for their loved ones. No medical exams term life insurance policies, known as simplified issue have many advantages for seniors and their families.

About simplified issue

Simplified issue is a life insurance plan which provides temporarily coverage in exchange for monthly premiums. As long as the insured dies during the policy’s term, the death benefit is guaranteed and it will be paid to the named beneficiaries.

Instead of undertaking several medical examinations, applicants have to complete a questionnaire to qualify for a policy. The questionnaire will contain general questions (your age, name, address, sex, weight, height, if you smoke or not) and medical questions. The agency determines you eligibility and your policy’s premiums based on the answers you provide.

Advantages of term life no medical exam insurance:

The following benefits will convince you that simplified issue is the best over 60 life insurance option!

  • It is easy to qualify for a plan. Seniors with pre-existing conditions may have a hard time qualifying for traditional policies. But, by applying for a simplified issue plan, their chances vastly increase. Because there are no medical examinations involved, it is easier to pass as eligible for coverage.
  • Issues in less than 24 hours. Simplified issue plans are issued in 24 hours, which is very fast compare to a typical life insurance plan which takes between 2 and 6 weeks to issue.
  • Covers funeral costs. Burial expenses are a primary concern for many seniors. Since funerals are very expensive, it is becoming increasingly harder to provide a worthy funeral service for your family members. If you have life coverage, your relatives will be able to pay for you funeral expenses a lot easier.

Seniors older than 65 years have limited options when it comes to getting life insurance and in many situations, simplified issues policies are the best!

If you are thinking of purchasing life insurance, make sure to compare quotes! Click here for more information!