No Medical Exam Life Insurance Rates For 68 Year Olds

Written on August 23, 2016 by LJM Life Insurance

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No Medical Exam Life Insurance Rates for 68 Year Olds

No Medical Exam Life Insurance Rates for 68 Year Olds, can be found right now by running your own quote or by calling a licensed Life Insurance Professional at 1-844-528-8688.

If you are running  your own quote, take the time to read the article below for information on what this product is and where you fall for classification.

Reasons for Life Insurance at 68

Why you have life insurance at age 68 change from your younger days, as we grow older and the term lengths shorten.  For instance in the table below you will not see a 30 term length available for No Medical Exam Life Insurance Rates for 68 Year Olds.

If you were to purchase a traditional Term Life Insurance Policy you would need to take a medical exam.  These exams are done in your home and can be a huge hassle and intrusive.  The best way to avoid the exam and still get the coverage you need is to go with a no medical exam Term Life Insurance (sometimes called Non-Med Term Life).

Just as the name says, it is a no medical exam policy and ask only basic underwriting questions, but this type of policy is not for everyone.

Prices for No Medical Exam Life Insurance Rates for 68 Year Olds are very good and have been dropping due to the competition of more and more companies offering this product.

As  sample monthly rates below show the difference in rates compared to someone 10 years younger.  You can see more detail in this post no-medical-exam-life-insurance-rates-58-year-olds the options are much fewer for No Medical Exam Life Insurance Rates for 68 Year Olds.

Someone age 68 can still get Life Insurance but we need to look at shorter term lengths and find the right product for your coverage needs.

No Medical Exam Term life insurance rates for a 68 year old male “Preferred” health class (with minimal or no health issues), sample monthly rates:

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

10 year term        *None          $60.24             $65.97         $125.64          $296.33          *None

15 year term        *None          $77.91            $92.84          $179.37           $424.13           *None

20 year term      There are no products offered for this term length

30 year term      There are no products offered for this term length

*Rates will vary by health class and location, these are sample rates for a random zip code with person age 68 at preferred rate class. No Medical Exam Life Insurance Rates for 68 Year Olds

No Medical Exam Term life insurance rates for a 68 year old female “Preferred” health class (with minimal or no health issues), sample monthly rates:

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

10 year term      *None          $50.55              $42.03              $77.76              $180.68         *None

15 year term      *None          $60.52             $65.07             $123.84             $292.05         *None

20 year term     There are none offered for this term length

30 year term      There are none offered for this term length

*Rates will vary by health class and location these are sample rates for a random zip code with person age 68 at preferred rate class.

It could be a better buy, going with a higher amount of coverage than you originally thought, due to the small difference in pricing.  More coverage for your family at a very small cost.

No Medical Exam Life Insurance Underwriting

The way you are accepted for a no medical exam term life policy is by answering the questions on the application, which will be verified by a few different sources.  The Medical Information Bureau, the pharmacy report and the attending physicians statement can be used.  The questions mainly consist of your immediate health condition, prescriptions taken, tobacco usage, citizenship, and your driving record for the last few years.

This type of underwriting is not for everyone and is only for those that are in general good health.  What it does do for you if you qualify is eliminates your need to take an exam and gets the policy issued in a fraction of the time of a standard term life policy.

If need want the policy issued fast, are in good health with no major issues in your history, a No Medical Exam Term Life Insurance Policy is a perfect fit.

How Your Medical History is Verified

All answers on the application will be looked at to see if you are eligible for the plan.  Once it has been determined that you are, reports from your medical history will be ordered and used to verify your eligibility.

Your prescription history and details from past medical insurance applications will be used along with possibly a report from the DMV and statement from your current physician.

What or how much information is used will be determined by the company and amount of coverage your are seeking.

No Medical Exam Life Insurance Rates for 68 Year Olds

This product is priced close to a term life policy that you would take an exam for, it is a little higher for the convenience.  Thousands of clients think it is worth it and I am willing to bet that you will too.

Your health is not going to improve as you grow older, and the products available to you will be less, to see how much changes in just five years see our article  here: http://ljmlifeinsurance.com/no-medical-exam-life-insurance-over-age-60/

To get the most up to date rates with the correct classification, give us a call 1-844-528-8688 and we will go over all the options available to you.

No Medical Exam Life Insurance if You are Age 68

Options for a Life Insurance, policy are dependent on the person’s needs and budget, but you are also limited by age.  While at the age of 68 some term life is still available but in shorter terms of 10 and 15 years.  The amounts are going to be limited as well.

At this age most are going to be looking at a whole life insurance policy such as Final Expense Insurance.  If this type of product fits your needs we can also help you.  We carry a wide variety of Final Expense Life Insurance Carriers.

Term Life for persons 68 years oldNo Medical Exam Life Insurance Rates for 68 Year Olds

If you are just looking for smaller coverage amount in a 10 or 15 year term length, then a No Medical Expense Term Life Insurance Policy would be a good fit.

At this point in your life, the insurance amount will need to be calculated by what you want it to do.

When younger individuals get a policy, it is mostly for income replacement or debt payment upon the death.  In your late sixties this most likely are not your reasons for carrying a policy.

What ever your needs, give us a call at 1-844-528-8688 and we will help with the calculation and term lengths and they you can decide if a term policy at this age is a good fit for your needs.

The Top 3 Life Insurance Providers  for who offer No Medical Exam Life Insurance Rates for 68 Year Olds

The top three companies for no medical exam life insurance are:  American Amicable, SBLI, and Sagicor, although more companies are throwing their hat in the ring every couple of months.

 

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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