No Medical Exam Life Insurance Rates for 64 Year Olds

Written on August 19, 2016 by LJM Life Insurance

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No Medical Exam Life Insurance Rates for 64 Year Olds

Get instant FREE No Medical Exam Life Insurance Rates for 64 Year Olds.  You only need to put your information in and hit the display quotes button to see them now.

If you prefer, we can make it easy on you, just call us 1-844-528-8688, and it will all be done for you.  Our Services are at no cost to you and you will always speak to a live licensed agent.

To determine if this type of plan is a good fit for you term life insurance needs, please take a little time to read the article below, for all the details.

No Medical Exam Life Insurance

No medical exam Term Life Insurance at the age of 64 will have to be for shorter term limits, but can still be found in many variations and coverage amounts.

If your health is good with no major issues, you may qualify for a product that eliminates the need to take the medical exam to get coverage.  That option is no medical exam Term Life Insurance.

 With coverage amounts up to $500,000.00 going up to 20 year term limits, you could get the coverage and not have to deal with the para-med exam.  There are term lengths of 30 years but with lower coverage amounts.

Pricing is now so close to a traditional term life insurance policy that if you are healthy you do not need to look any further.  Just see the sample rates below to see how affordable it really is.

No Medical Exam Term life insurance rates for a 64 year old male “Preferred” health class (with minimal or no health issues), monthly rates:

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

10 year term        $36.35          $42.14             $52.74          $82.71          $194.40           $401.19

15 year term       $36.35           $53.31            $71.64          $116.28         $288.21           $570.12

20 year term      $36.35           $65.11            $83.82         $128.34         $303.59           $600.88

30 year term      $36.35           $84.38           $164.42       $324.50        *None               *NONE

*Rates will vary by health class and location, these are sample rates for a random zip code with person age 64 at preferred rate class. 

No Medical Exam Term life insurance rates for a 64 year old female “Preferred” health class (with minimal or no health issues), monthly rates:

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

10 year term       $36.35         $34.30            $32.64         $45.46          $100.74         $195.18

15 year term       $36.35         $41.14            $44.26         $70.97         $162.54          $318.78

20 year term      $36.35          $51.43           $64.82         $87.87         $195.93          $386.56

30 year term      $36.35         $84.38           $164.42       $324.50        *None            *None

*Rates will vary by health class and location these are sample rates for a random zip code with person age 64 at preferred rate class.

Some Benefits to No Medical Exam Life Insurance

  • Answer some questions
    1. Medical Background
      • Medical Information Bureau report will be checked
      • A Pharmacy Report will be checked for prescriptions
    2. Tobacco and Non rates available
    3. The last 2 years of driving history
    4. Height and Weight or your BMI
      No Medical Exam Life Insurance Rates for 64 Year Olds
    5. Physician’s Statement
  • Decision and issued very fast:
    1. A huge benefit to a no medical exam life insurance policy is that you will have an answer and the policy issued in very little time.
  • No Paramedical exam is needed
    1. Just as the name says, you will not be required to submit to an exam to get your policy.

If the benefits above sound good to you and you want your decision in hours instead of days or even months then this could be the perfect fit for you.

Qualifying for No Medical Exam

The process is extremely simplified the application is the basic underwriting and once that is complete, it is just a matter of the company verifying your answers and the policy is approved and issued.

Now they do use some outside sources for the verification, these are industry wide reports that were compiled each time you filled out an application for life or health insurance.  They are used by every insurance company when going through the underwriting process.

No Medical Exam Life Insurance is it an Option for You

Not everyone is a good fit for this product, and you must have a decent medical history, if all you have are some minor issues the best way to know if you can get this product is to call 1-844-528-8688 for a quick quote.

For even more Information click here:  http://ljmlifeinsurance.com/no-medical-exam-life-insurance-over-age-60/

No Medical Exam Life Insurance if You are Age 64

Life Insurance, at 64 is not the same as buying in your forties with a house full of children.  Your major debts should be close to paid off if not entirely paid off and you are looking at preserving your retirement income for your loved ones.  At this age you might even be looking at life insurance for an inheritance or legacy for kids or grandchildren.  You still have several options at this stage of life.

Term Life Insurance which may have shorter term lengths but could be used to carry you well into your golden years, or a whole life policy in smaller amounts to cover funeral or final expenses.  Whichever type of life insurance you feel will meet your needs, WE CAN HELP.

Term Life Insurance coverage needs for persons 64 years old

As you calculate the amount of coverage you feel is needed, keep in mind that you are much better with heavier amount for a longer time.

Once you are approved you can make adjustments by getting different coverage down the road if you life and situation changes.  No one ever said “I wish dad had less life insurance when he passed away”.

At 64 people are normally close to or are entering retirement, which means that the actual income for the household is being reduced.  Things that you want to calculate into the figure will be aimed more towards wealth preservation over income replacement.

If you have a pension or Social Security income that will cease to be paid on your death, you will No Medical Exam Life Insurance Rates for 64 Year Oldswant to calculate a set amount of years of replacement.

If your mortgage is paid off you will want to include years of taxes, upkeep and maintenance expenses, that could negatively affect the survivor’s budget.

Expenses for funeral, wake and the all the bills associated with a death in the family.

I also recommend to put in a years worth of monthly household expenses, to help with the transition.

During the time immediately following the death of a spouse of loved one there will be small expenses and problems that arise and this small amount will help with the unexpected costs.

Our Favorite Companies

We have our favorite companies, a life insurance provider gets on that list by having, outstanding financials, great customer service and last but not least the need to offer a no exam term life insurance policy.

A few meet those requirements and they are Sagicor, SBLI and American Amicable.  They all have their strengths and weaknesses so it is best to call us and find out exactly which one fits your needs best.

Our Toll Free number is 1-844-528-8688, you can call anytime and speak to a licensed life insurance professional.

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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