No Medical Exam Life Insurance Rates for 61 Year Olds

Written on August 19, 2016 by LJM Life Insurance

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No Medical Exam Life Insurance Rates for 61 Year Olds

No Medical Exam Life Insurance Rates for 61 Year Olds are very reasonable often within $5.00 – $10.00 of a traditional term life insurance plan.  You can see them all right here and now.

Enter the information in our quote tool and you will see rates and companies offering No Medical Exam Life insurance in seconds.

We will run the quotes for you, to talk to a Licensed Life Insurance Agent, call 1-844-528-8688 we will discuss your needs and your budget and give you several options.

Sometimes the ratings can be difficult to understand and people run the wrong quotes.  Our services are absolutely free so lets us guide to the right policy at the right price.

Read this article for all the details on no medical exam term life insurance and then call us with any questions you might have.

Term Life Insurance in your Sixties

As you get further on in years the reasons you are buying life insurance change and so do the coverage amounts and term lengths.

If you don’t have to sit through a medical exam to get a life insurance policy, why would you?  It is the exact same coverage as a standard term life insurance plan, just with out the pain and agony of the exam.

Sometimes called Non-Med Term Life the name says it all, simple and easy basic underwriting, but not everyone will qualify for this luxury, you must be in good health for this type of plan.

The amount of companies offer this has grown over the last few years and that has pushed the pricing down as they compete for your business.

No Medical Exam Term life insurance sample rates for a 61 year old male

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

10 year term        $30.73          $34.52             $40.77          $63.63          $147.38            $297.71

15 year term       $30.73           $43.09            $56.52          $88.29          $202.95           $427.65

20 year term      $30.73           $51.52            $68.43         $105.93          $217.35            $437.29

30 year term      $30.73           $70.33            $136.33      $268.33         *None               *NONE

*Rates will vary by health class and location, these are sample rates for a random zip code with person age 61 at preferred rate class. 

No Medical Exam Term life insurance sample rates for a 61 year old female

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

10 year term       $30.73          $27.59            $25.91         $35.26          $100.80         $147.77

15 year term       $30.73          $32.66            $35.58         $56.97          $130.73        $246.02

20 year term      $30.73          $40.26            $50.40         $67.23          $156.38        $320.03

30 year term      $30.73          $70.33           $136.33        $268.33         *None          *None

*Rates will vary by health class and location these are sample rates for a random zip code with person age 61 at preferred rate class.

How to Skip the Exam for Life Insurance

With a no medical exam term life insurance policy, you get the same term life insurance but you get to skip the exam.  You will answer some questions on the application which are just basic underwriting medical history questions.

Because this product is designed for healthy person and someone with major health issues will be automatically denied they simply verify your answers with health reports such as The Medical Information Bureau, dept of motor vehicles and prescription report.

Instead of waiting for the exam to be completed and then waiting  for lab results your application goes immediately to the underwriting department, getting your answer fast.

If you do not qualify for a no medical exam term life insurance policy we can still get you coverage, just call us today 1-844-528-8688 to see if this plan is the best fit for you and your family.

No Medical Exam Life Term InsuranceNo Medical Exam Life Insurance Rates for 61 Year Olds

  • Decision and issued very fast:
    1. You aren’t waiting for an underwriter to look over tons of records so these decisions are made very fast, often the same day.
  • No Paramedical exam is needed
    1. With standard Term Life Policy you will need to take a type of exam called a Paramedical exam.  The will take weight and height, blood pressure, and draw some blood.  What is actually done varies by insurance company and the amount of coverage you request.

As you can see, the thought of skipping the exam is pretty attractive for the same coverage, but to qualify for a No Medical Exam Term Life Insurance policy you must be in good health.

No Medical Exam Insurance Eligibility

If you want coverage now, and want to avoid the hassles of a medical exam, this type of policy could be the perfect fit.  If your health history has some issues we might have to look at other options.  When you call us at 1-844-528-8688 we will go over all options available in the terms and amount you need, so you can make an informed choice.

No Medical Exam Life Insurance Rates for 61 Year Olds

The price difference between the no medical exam policies and the fully underwritten policies are very close, you will pay a little more for the luxury of not taking the exam but usually less the $10.00 per month difference.

If you are in good to fair health, you could save some money by taking the exam and going through underwriting.  The choice usually comes done to a personal one, but do not limit yourself to only one option.

Rates are going to increase as we age, which makes it much to your advantage to obtain a policy as young as possible.  Extend the term out as long as possible to ensure that all your coverage needs are met. Over 60 years old the term lengths will start to shorten and you will be limited to lengths of 15 to 20 years.

With Permanent or Whole Life Insurance you will most likely be asked to take a medical exam and if you have some minor health issues No Medical Exam Life Insurance over age 61 might be a great option.

To see the difference age makes you can visit here:  http://ljmlifeinsurance.com/no-medical-exam-life-insurance-over-age-60/

No Medical Exam Life Insurance if You are Age 61

When looking for  Life Insurance, your personal situation will dictate the length and amount of coverage.  If term life insurance is the answer and you only need up to $500,000.00 of coverage skip the exam.

Term Life Insurance for someone that is 61 or older does the exact same as with a younger person, protects income and helps a family with debt.

At this age somethings can be taken out of the equation and new ones added, for instance a mortgage, moNo Medical Exam Life Insurance Rates for 61 Year Oldsst at this age have it paid off or are close.

Some things you need to add to the equation is retirement income and health needs of the spouse.

Calculating the amount of coverage you need will depend on the income you need to replace and the debt the needs to be paid.

At this age retirement income that will be lost also needs to be figured in.

Most have pensions or IRA’s that are being funded for retirement in a few years and this income will be ended upon one’s passing.

Funeral expenses are also a consideration, such as a burial plot, service, wake, casket or cremation services.

Call 1-844-528-8688 today and we will help you through the process at no charge.

 

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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