No Medical Exam Life Insurance Rates for 56 Year Olds
Free Term Life Insurance rates on no medical exam policies right here, right now. All it takes to get an instant quote is for you to enter some basic information in our quote tool and in seconds you will see No Medical Exam Life Insurance Rates for 56 Year Olds
If you want to make things easy, you can call 1-844-528-8688. We do all the work and give you the best and most affordable recommendation for the term life insurance coverage you need.
The time it takes to get a paramedical exam for life insurance can be tough to fit into your busy schedule and nobody likes to be stuck with needles and have various bodily fluids taken. With amounts of coverage available up to $500,000.00 the need to have to take the exam has been eliminated.
The prices for No Medical Exam Life Insurance for someone age 56 is affordable and competitive to all other types of term life insurance.
Not everyone will qualify for this term life insurance of this kind, your health must be good, but just take a look at these fantastic rates below.
Of course these are samples and your situation could be different.
Male with minimal to no health issues with no usage of tobacco, monthly rate sample
AMOUNT $10,000 $25,000 $50,000 $100,000 $250,000 $500,000
10 year term $23.08 $26.02 $27.55 $34.04 $60.32 $107.08
15 year term $23.08 $30.14 $36.83 $40.44 $85.11 $160.78
20 year term $23.08 $35.69 $47.23 $51.77 $115.88 $220.28
30 year term $23.08 $51.21 $98.08 $191.83 *NONE *NONE
Female sample monthly rates with no tobacco usage and good health
AMOUNT $10,000 $25,000 $50,000 $100,000 $250,000 $500,000
10 year term $23.08 $21.04 $21.19 $27.92 $43.65 $76.17
15 year term $23.08 $24.03 $24.40 $29.57 $55.76 $100.36
20 year term $23.08 $28.50 $31.92 $35.78 $71.97 $134.74
30 year term $23.08 $51.21 $98.08 $191.83 *None *NONE
*Rates above are only calculated for one state zip code and based on preferred status
No Medical Exam Life Insurance Application
After we determine, how long you need the coverage and how much coverage you can afford or need, we will move on to the application process. You will need to answer some basic health background questions such as height/weight, smoking, prescriptions you take now and in the recent past.
The application will then be turned in where your answers will be checked and verified by some outside sources. That is it, the whole process, no exams, no months of waiting for the results of the exam to come in, simple, affordable and quick.
If you want your policy issued today and are in good health, the No Medical Exam Term Life Insurance Plans are a great fit for you. If you need coverage for loan collateral or just to protect your family’s financial future, you need to look at this product.
Medical History | Underwriting
In the past you had to have an exam done in your home and then the results were sent to an underwriter. After that they would look at your past health history by reviewing your medical report, pharmacy report and the answers that you put down on the application. This process could take months to complete and sometimes would need several more pieces of information sent in from you doctor.
No Medical Exam Term Life eliminates the above mentioned process. The first qualification for this type of policy is that you are in good health and not on any knockout prescriptions. We fill out the application, with you answering the health and background questions and then the underwriters evaluate your answers.
They will look at things like your MIB report and could ask for a statement from your physician but these are done on a case to case basis, the other things that could be looked at during the underwriting process for the no exam term life insurance would be a pharmacy report and your driving record.
No Medical Exam Life Insurance | Good Option
A no medical exam Life Insurance plan is a very good option for someone 56 years old, for many reasons. Maybe you just hate needles and do not want to deal with the exam, or you are like many other in today’s society and just do not have the time to squeeze it in. Whatever the case might be eliminating the exam from the life insurance process makes things easy.
This type of term life insurance is not going to be available to everyone, it is designed for the healthier individual and we will know immediately if it is a good fit for you and your situation.
No Medical Exam Life Insurance Pricing
If you have looked at the sample quotes above you saw that the rates for no medical exam term life insurance are very good. The price difference is minimal when compared to having to take the exam and wait for months for an answer. Not to mention the hassle of the exam itself.
The younger you can start your policy the better, rates rise with age and your health does not improve with age. Any type of health issue can affect your rates and they do change periodically, call us today to get your FREE quote.
How Much Coverage Do I Need
When you get Term Life Insurance to cover your family, you are buying protection for the loss of income and to cover major debts when you or a spouse dies.
When you or your loved one dies your family income is not only cut in half but you could actually take on more debt as the family tries to recover.
Children’s needs also need to be addressed as the death will be the hardest on them, so it is very important to keep things as normal as possible to help them through the process.
Educational expenses can be very costly, from the year to year costs through high school and up into the college years.
If you want or expect your child to attend college if you are alive or not, put at least some amount of money into your calculation for that.
Other than the major debt that you will want to cover, you must look at all the normal day to day expenses of running a household. Remember for at least a month or two after the death things are going to be very difficult and there will be several expenses and bills associated with the funeral.
The amount of coverage needed can only be answered by you, we can point you in the right direction and make recommendations but when it comes right down to it is a number that you need to be comfortable with. One quick way of looking at coverage amount that many use is to multiply your your yearly income by 10 and use that amount.
I know this sounds like a ton of work and I have given you a lot of information to consider. We can make this process very simple for you, call us at 1-844-528-8688 we will ask you the questions needed to find the right coverage for you and your family.