No Medical Exam Life Insurance For 51 Year Olds

Written on June 29, 2016 by LJM Life Insurance

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No Medical Exam Life Insurance for 51 Year Olds

No Medical Exam Life Insurance for 51 year olds, is term life insurance with no medical exam required.  The process is fast, easy and you get your family covered now instead of months down the road.

You can get an instant quote to the side of this article or call us any time 1-844-528-8688.

Rates are determined by your age and your health, people tend to have some problems knowing what health classification to enter when running the quote on their own.  For help with this, simply call 1-844-528-8688 to have us run the quote for you free of charge.

Once you have looked at some rates and companies, and you think this plan might be the fit you have been looking for with your term life insurance needs, read our article below to give you more details on just what a no medical exam term life insurance policy is.

The fastest growing  product which is getting more popular every day is the no medical exam Term Life Insurance.  Nobody likes taking those exams and you can get amounts up to $500,000.00 depending on the company and the circumstance.

The rates for No Medical Exam Life Insurance are outstanding, and the list of companies offering this product are growing every month.  The more competition the better it is for you the consumer as this keeps the prices low.

Sample rates 51 year old Male nonsmoking with a health classification of preferred

AMOUNT           $10,000       $25,000          $50,000       $100,000       $250,000        $500,000

10 year term        $17.12           $19.27              $19.06           $23.54            $39.08            $69.00

15 year term       $17.12           $19.69              $24.80           $27.10             $51.42             $93.63

20 year term      $17.12            $20.80            $31.95            $34.13           $66.92             $124.79

30 year term      $17.12           $37.15             $68.09            $88.72           $141.98            $418.73

*These are monthly rates

Female sample rates, nonsmoking with preferred status

AMOUNT           $10,000       $25,000          $50,000       $100,000       $250,000        $500,000

10 year term       $17.12           $16.57            $16.53           $19.34          $31.78          $54.62   

15 year term       $17.12           $18.30            $17.90           $21.98          $38.08          $65.28

20 year term      $17.12           $20.84             $22.41          $25.55          $47.99          $87.60

30 year term      $17.12           $34.11            $37.67           $69.13         $163.50        $320.78

*Monthly ratesNo Medical Exam Life Insurance for 51 year olds

This plan is issued very fast, and eliminates the need of the para-medical exam which makes it very popular, but it isn’t for everyone.

It is designed for someone in good health and your eligibility will be determined by the answers on your application and the results from the following bureaus:

  • MIB:  This is a report that has gathered data from previous health and life insurance applications.
  • Motor Vehicle Report:  Your record from the DMV, they will be looking for reckless driving type offenses and DUI’s.
  • Pharmacy Report:  This report is information gathered from prescriptions you are currently using and have used in the past.

 Pricing for No Medical Exam Life Insurance

As you have seen in the tables above the prices for this product are very good, add to that the fact that it is issued in days instead of months and I think you will agree that this could be the answer to your coverage needs.

The rates are higher for any life insurance product as we grow older and this is no different, you can read more at our webpage:   http://ljmlifeinsurance.com/no-medical-exam-life-insurance-over-age-50/

No Medical Exam Term Life Insurance|What You Need to Know

For someone who is 51 or older there are life insurance products to cover every need and situation.  Term Life insurance, both fully underwritten and No Medical Exam Term Life is designed to cover you for a specified length of time.

No Medical Exam Life insurance is simply a term life insurance policy that is geared towards the healthy individual.  By only issuing this type of policy to fair to healthy individuals, they have eliminated the need for an exam for underwriting purposes.

You will be approved or denied by your answers on the application, once these answers are verified as correct you will then be approved and the policy will be issued.  Of course when we talk we will first discover if this type of term life insurance is a good fit for you and with our experience we can tell right away if you are a good candidate for getting approved.

If you are not approved or we agree that it is not a good fit for you, there is no need to worry.  We will simply pivot into a standard underwritten policy and go through the paramed examination.  You will still get the coverage you need, it will just take us a bit longer.

If you are looking more for just covering the burial and final expenses of you or a loved one, we may want to look at whole life policy in smaller benefit amounts.

Whole life is also an option and is normally used in two forms, larger amounts which is sometimes used as an investment vehicle or Final Expense which is bought in smaller amounts to cover the basic funeral costs.  Both build cash value and are Permanent Life Insurance and build cash value, but the prices are much higher.

Amount of Coverage | Term Lengths

Term Life Insurance is used to cover you for a specific amount of years, with the most common being 10, 20, and 30 years.  The amounts can vary from $10,000.00 to over $1,000,000.00 but the no exam term life insurance only goes up to $500,000.00.

Every families needs are different, but there are some basic principles that apply to every policy.  The basic need that is covered is income replacement and the second most common coverage need is debt payment.Expense pic

One coverage need that is often overlooked is the repercussions of a non working spouse passing what that will do to the family and income.

The impact will be mostly felt with child care, housekeeping, cooking and other household chores that will have to be outsourced or time at work reduced to cover them.

The other most overlooked expense is the education cost for the children such as school clothing and supplies, even future tuition needs.

  • Basic Coverage Needs
    1. What income will be lost upon the passing.  (This should be total income, including bonuses and raises for 10 years min)
    2. Debts, such as house payments or rent along with any short term debt such as vehicle payments.
    3. Any final expenses for the deceased, such as funeral and wake.

Where to get No Medical Exam Life Insurance

We carry all the highest rated companies offering the no exam term life insurance policies.  We look at the companies strengths and weaknesses before we accept contracting with them, this ensures our clients the security they demand and deserve.

Call us to get your free quote for No Medical Exam Life Insurance rates for 51 year olds and we will discuss what company and policy best fit your needs and budget.

Our toll free number is 1-844-528-8688 and if you do not get us right away please leave a message and we will be in touch with you as soon as possible.  You will only speak to a licensed life insurance agent when you call, no middle man or assistant.

Remember there is never a fee with any of our services, and you will get the exact same rates from us as you would going carrier direct.  The bonus with going through us is that as an independent agent we show you everyone’s prices, not just one company.

 

About LJM Life Insurance
About LJM Life Insurance

We work with individuals across the nation to secure the best life insurance rates.

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