No Medical Exam Life Insurance Rates for 69 Year Olds

Written on August 23, 2016 by LJM Life Insurance

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No Medical Exam Life Insurance Rates for 69 Year Olds

No Medical Exam Life Insurance Rates for 69 Year Olds are available for your immediate review.  The quote tool is to the side of this article, just enter your information and see rates instantly.

You don’t have to do this alone, just call us at 1-844-528-8688 and we will do the quote for you and help you determine what plan fits you the best.  You can get your quotes and all questions answered in just a few minutes phone call.

To find the details of what No Medical Exam Term Life Insurance policy is and if you will qualify for this type of coverage read the article below.

Life Insurance in Your Late Sixties

Most persons in their late sixties aren’t looking for Life Insurance to pay off a mortgage or major debts.  Most are looking to have money to pay things like final expenses for funeral and to leave an inheritance or legacy for family members.

At sixty nine years old you are not going to get a 30 year term policy, it just isn’t offered at this age from any company.  You can still qualify for a no medical exam term life insurance policy, just in shorter term lengths.

With a No Medical Exam Term Life Insurance policy you will get more coverage than a whole life final expense plan and just as the name suggests, NO MEDICAL EXAM.  If your health is good and nothing major in your recent history a no medical exam term life insurance policy could be a good fit.

As you will see in the sample monthly rates below compared to someone 10 years younger in this post no-medical-exam-life-insurance-rates-59-year-olds the options are much fewer for No Medical Exam Life Insurance Rates for 69 Year Olds., but there are options.

As you can see in the rate examples below the offerings are limited, but there are options that will allow you to get high dollar coverage well into your seventies

No Medical Exam Term life insurance rates for a 69 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          $65.42             $77.27         $138.24          $326.25           *None

15 year term        *None          $84.91            $101.79        $197.28           $466.65          *None

20 year term      *None          *None             *None           *None             *None               *None

30 year term      *None           *None            *None           *None             *None               *None

*Rates will vary by health class and location, these are sample rates for a random zip code with person age 69 at preferred rate class. 

No Medical Exam Term life insurance rates for a 69 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          $55.21              $44.73              $83.16             $194.40         *None

15 year term      *None          $66.04             $71.15              $135.99            $322.43         *None

20 year term     *None          *None              *None               *None                *None          *None

30 year term      *None          *None            *None               *None                *None           *None

*Rates will vary by health class and location these are sample rates for a random zip code with person age 69 at preferred rate class.

More top rated companies are offering no medical exams than ever before and competition between companies is lowering the pricing.

Benefits to No Medical Exam Life InsuranceNo Medical Exam Life Insurance Rates for 69 Year Olds

  • Basic Underwriting questions (that can vary between companies but normally consist of):
    1. Your Medical History
      • MIB Report is normally Run
      • Your Pharmacy Report for current and recent history
    2. Tobacco usage
    3. Driving Records with a 2 year look back
    4. Your BMI which is your weight and height
    5. Citizenship
    6. Your physician statement can also be checked
  • Issued and In Force Very Fast
    1. A standard Term Life Insurance policy can take weeks or months to get a decision and get the policy issued.  A no medical exam policy will be issued in days, sometimes with in 24 hours.
  • No Paramedical exam is needed
    1. With a no medical exam policy, nobody will be coming to your house drawing blood or other bodily fluids.  Answer some simple questions and done, no hassle, no mess.

If you want to skip the time consuming and evasive exam, are in good health this plan is your answer for higher coverage amounts.

How No Medical Exam Life Insurance Companies Check Medical History

You will answer the questions on the application and be qualified on the results from 3 bureaus:

The Medical Information Bureau which will draw your information from a health and life insurance industry wide data base.

Your driving record is checked for DUI (OWI), reckless driving tickets, suspended license and excessive moving violations. This report is from the DMV.

Your current and past prescription usage will be obtained by the Pharmacy Report.

 No Medical Exam Life Insurance Rates for 69 Year Olds

The rates for the no medical exam term life insurance policy are very competitive to the fully underwritten plans.  The small difference of premium mean, if you are in good health there is no need to take a paramed exam.

A simple call to us at 1-844-528-8688 and you will speak to a licensed life insurance agent.  We will help you determine if this type of plan is a good fit for you.  We will discuss all options available to you so you get the protection you need.

This type of plan will not be for everyone, you do need to be in good health to qualify but if this sounds like you it is an option you need to look at.

Rates do go up as we age, making it beneficial to obtain the policy as young as possible and possibly extending the term length.  As we age the term lengths choices and choices of the types of products change.  Some of the choices for Life Insurance over age 68 are, Term Life (usually maximum of 20 year term) and Permanent Life Insurance (whole life).

See our article for more information by clicking this link:  http://ljmlifeinsurance.com/no-medical-exam-life-insurance-over-age-60/

No Medical Exam Life Insurance if You are Age 69

Below are examples of other options for someone age 69 who is looking for Life Insurance, the type of plan that fits you the best is determined by what you need the coverage for.  What is the end result for your coverage.

  • Term Life Insurance
    1. Fully Underwritten
    2. No Medical Exam (Simplified Issue)
  • Whole Life Insurance
    1. Large Amount (Investment)
    2. Final Expense (Smaller amount to cover burial expense)

Term Life Insurance coverage needs for persons 69 years oldNo Medical Exam Life Insurance Rates for 69 Year Olds

Term Life Insurance when you are age 69 or older fills different needs than someone in their thirties or forties.  The children are gone and most of the major debts have been paid or greatly reduced.

In you late sixties your life insurance is used more for paying for the funeral costs and to replace the retirement income or loss of Social Security income.  Some elect to use the funds for inheritance or a legacy for family or charitable organisations.

To get some ideas on how much coverage you need, take a look at the ideas below.  Every persons needs are different but they are some common things that often get overlooked.

  • What debt will be left
  • How much income will be reduced after a death
  • How much will be needed for funeral expenses
  • Household expenses.

We can help you in calculating how much coverage will be needed to protect your family, call 1-844-528-8688 and speak to an agent to find out what life insurance product will fit your needs and budget.

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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