Some companies offer UL to adults up to age 89, but a medical exam is required. With guaranteed issue whole life insurance, you can avoid having to undergo a medical exam as part of your insurance application process. There are dozens of life insurance companies that sell policies to seniors. Start here or talk to a State Farm agent. Established in 1862, John Hancock offers term, final expense, whole, and universal life options.We selected John Hancock as the runner-up because the company has all the key policies needed to provide coverage for seniors’ needs, as well as features like accelerated death benefits, flexible underwriting for health issues, and potential premium refunds based on activity levels. No medical exam required Universal life insurance (UL) is a cross between term and whole life insurance. Here are just a … You May Not Need Senior Life Insurance. MetLife No Exam Life Insurance Review. Premiums are very high for life insurance for seniors over 70 and, if there is nothing to pay for after the person is longer around, then the life insurance policy is not … Coverage amounts from $50,000 to $300,000 Simple application process — … “No exam life insurance takes what could be a six-week process of applying and turns it into a 10-minute one.” Traditionally, life insurance companies have required customers to submit to medical exams in order to assess how much of a risk a person is to insure and to set the price of monthly premiums accordingly. Yes, in fact, people age 45 to 85 can get life insurance with guaranteed approval. Faster approval does have its … Assurity also offers simplified term life insurance without a medical exam and most applicants are approved within 72 hours. Guaranteed life insurance is unique in that it is life insurance for seniors with no health questions. Is there life insurance for seniors over 70 no medical exam? No medical exam life insurance. You pay much higher premiums and have lower coverage amounts, but get a coverage that you otherwise wouldn’t get if you didn’t have a policy with no medical exam life insurance for seniors. Life Insurance - Online Insurance Quotes In at the very least one case, an insurance provider which marketed a plan to a purchaser without any insurable interest (who later killed the CQV for the proceeds), was found responsible in court for adding to the wrongful fatality of the sufferer (Liberty National Life v. While New York Life is one of our favorite providers in its own right — we awarded it “most flexible policies” in our review of the best life insurance companies for seniors — we think that its partnership with the AARP makes it a standout choice for no-medical-exam life insurance. You will not need to sit … One alternative option is to apply for a no exam policy. There are 3 Best Options No Exam Life Insurance Seniors 2019. Yet, they provide the same guaranteed coverage. Top Pick – United of Omaha For this reason, it’s difficult to qualify for and the premiums are high, especially if you have a health condition such as diabetes. Guaranteed Issued with No Medical Exam and No Health Questions: Guaranteed issue life insurance policy is usually best for an elderly client who would not be able to qualify for a standard policy. Term Life Insurance and Whole Life Insurance Plans are both “simplified issue” and the application can be completed in just minutes. Instant Answer Term Insurance® is affordable life insurance with no medical exam required. These policies don’t require blood work and don’t require a physical, so that’s not taken into account when underwriting your policy. Life insurance for seniors over 75 with no medical exam will likely be your best bet. Whole Life insurance can protect your family for a lifetime, as long as premiums are paid. The approval process is quick and fast but the coverage maximum is low (100k) and the pricing is expensive compared to other companies. Amount in the Policy: You can receive the amount of insurance ranging from 25,000 – $249,000. If you’re doing research on your own, it can be difficult to determine which provider is the best for your specific needs and budget. Burial insurance is a whole life insurance policy intended to pay for the policy holder’s final expenses upon death. We use their no-lapse guarantee universal life insurance policy that has a return …