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Cheap Senior Life Insurance No Medical Exam

Cheap Senior Life Insurance No Medical Exam

Seniors Life Insurance No Medical life insurance policies can be broken down into Simplified Issue and Guaranteed Issue life insurance.

Simplified Issue policies have no medical tests and a short series of health questions, whereas Guaranteed Issue plans have no medical tests and no health questions.

These guaranteed issue policies are a good deal if you spend much of your time in physicians’ waiting rooms, take so many pills that you have to have your pharmacist put them in bubble packs so you can keep track of whether you’ve taken them, and have a relatively short life expectancy.

For everyone else, there are less expensive alternatives

The amount of coverage available depends on your age, but if you are up to 90 you should be able to get up to $25,000 depending on the insurance company.

You’ll only be asked your age, gender and whether or not you are a smoker.

If you die within two years of taking out the insurance policy, your beneficiaries won’t get the amount you applied for.

Rather, your death benefit will be limited to a refund of the premiums you paid, perhaps with some interest, depending on the specific policy.

The insurance companies assume that people buying these policies may have serious health issues.

The insurance companies protect themselves by paying the full benefit only after they have received a minimum of two years of premiums.

Can my family afford my burial costs?

“If I die tomorrow my family literally cannot afford to bury me. For this reason alone I have a minimal life insurance policy, set up to go directly to my father to cover the cost of my death. No more, no less.  Everyone is different. But I wouldn’t say it’s not worth it to me to have to leave my family wondering where they would come up with the $10,000 to move my dead body halfway across the country and put it in the ground.”

The cost of a funeral and burial services may come as a shock to you. The median cost of a funeral today is around $8000. The predicted cost of a funeral service in future years is more than double that.

Where Can I purchase Life Insurance for Seniors No Medical Exam?

Compare Cheap Senior Life Insurance No Medical Exam at Mintco Financial, leading in Senior Life Insurance.

Go to www.MintcoFinancial.com and compare quotes!

Call 813-964-7100 or 716-565-1300