Online Quotes for Senior No Exam Life Insurance
When it comes to online senior life insurance, seniors have many options - and health issues are not always a reason for decline or higher rates.
Online Senior Term Life Insurance Quotes
Online no exam term life insurance for seniors, although more limited in plan options and amounts, is available to age 75 (with an exam, we are able to offer term life insurance to age 85.) We have found though that most seniors over the age of 75, decide on much smaller, final expense amounts from $10,000 to $25,000.
For seniors 55 to 75 and younger online no exam term life insurance quotes are available from $10,000 to $100,000 (run quotes here). One big advantage of these is, of course, the monthly premiums during the guarantee period which tend to be lower than with whole life insurance. Keep in mind though, that, after the guarantee period, rates will go up very high (as with all term life insurance) and we have heard from many seniors who have told us that they regretted using term for final expenses and longer term needs. So, if you select term life insurance, make sure that the amount of time you need the coverage is truly limited to 10 years or less.
Online Senior Whole Life Insurance (most popular with seniors and lower face amounts)
These are by far the most popular with seniors who need a small amount of insurance ($3,000 to $30,000). These online no exam whole life plans offer lifetime guarantees and level face amounts. Rates are higher than no exam term life insurance plans, but you will not have to worry about expensive premiums later in life (you can run quotes here)
When it come to no exam whole life insurance for seniors, please make sure that rates are guaranteed for life and that the amount of coverage is guaranteed to remain level to at least age 100. There are few plans out there that may quote lower (for a reason). These plans often have decreasing face amounts. For example, your senior whole life insurant may start at a $25,000 coverage, but five to ten years down the road, the coverage may go down to half of that.
Request an Online No Exam Senior Life Insurance quote
