No Medical Exam Life Insurance Rates for 49 Year Olds
In your search for term life insurance coverage you need to stop and look at No Medical Exam Life Insurance Rates for 49 Year Olds. There are two ways you can get your look into rates and companies offering this product here on this page, by entering your information to get an instant quote, or by calling us at 1-844-528-8688.
Whichever way you wish to see your quote, there is never a charge to you.To get the best pricing available on the life insurance market you should be dealing with an independent agency such as LJM Life Insurance.
We are not just trying to force you into one companies product, we show you everyone offering No Medical Exam Life Insurance Rates for 49 Year Olds to find the right product for your specific situation.
The term life coverage does not change, with or without the medical exam for underwriting, you have the same term lengths and the exact same coverage amounts up to $500,000.00 for the no exam term life.
The rates for a no medical exam term life policy are very low, and have come down several steps in the last few years as more companies entered this niche.
Getting Life Insurance with No Exam
I have put together a quick look graphic to the side of this article, to give a brief glance at how the application process for a no medical exam term life insurance policy works.
While it might look like I dumbed it down, or made it way to simplistic, it is really that quick and easy to qualify and get approved with this type of underwriting.
One of the ways that the companies speed up the underwriting process for this product is by using reporting bureaus information such the Medical Information Bureau.
Together with the questions on the application this type of underwriting eliminates the need for the para-med examination.
Another way that this type of term life policy is able to work is that it is offered only to people without any major health issues, both current and in the immediate history.
How Long does the Process Take
A combination of reports, your health and and the questions on the application allow you to skip the time consuming and unpleasant exam.
This means the time waiting to take the exam and get the results is cut to just a fraction of what it was.
The time is now cut down to days, (the average being 1 week), but I have seen them issued as fast as 24 hours.
With the way the family’s schedule is today there is hardly a free minute left to take care of business. Something’s still are too important to let slide any longer.
Getting your family covered in the event of your death, is one of the most important tasks you will need to do. The time involved in scheduling the medical exam is a big hurdle that hold many back from getting the life insurance coverage they need. Those days are no over with the outstanding No Medical Exam Life Insurance Rates for 49 Year Olds.
How the Process Works
Once you have found a company and price that you feel fits your needs, you need to give us a call 1-844-528-8688 and we will go over your choice and bring to your attention anything you may have overlooked.
One of our licensed agents will take some basic information, to see if you qualify for a no medical exam term life policy and what rating you qualify for.
Once that is established and you have settled on the plan and pricing that will accomplish your goals and protect your family, we will start the application process.
The application happens in two parts, first we will ask the basics such as:
- Use of Nicotine
- Marital Status
- Height, Weight
- Current Life Insurance Policies inforce
- Basic Income
- Some Medical Questions
Then either we transfer you live to the underwriter, we give you the number that you can call in or we can end the meeting and they will call you. When the connection is made between you and the company underwriter, they will complete the second part of the application.
The second part of the application is a more in depth background review, health status check, and payment information. This part of the process will take approximately, twenty to thirty minutes on the phone and you are done.
Rate Samples for 48 Year Olds | No Medical Exam Term Life Prices
Below are some rate samples for both male and female with a no nicotine preferred status. These rates are for a 48 year old and only for one zip code, so please keep in mind your rates could be higher or lower based on your location and situation.
Male monthly premium sample
AMOUNT $10,000 $25,000 $50,000 $100,000 $250,000 $500,000
10 year term $15.53 $17.35 $17.19 $21.44 $33.28 $58.25
15 year term $15.53 $18.99 $21.98 $23.08 $43.10 $78.93
20 year term $15.53 $21.81 $25.43 $27.43 $60.24 $111.46
30 year term $15.53 $32.82 $41.04 $46.74 $93.35 $172.05
Female premium monthly sample
AMOUNT $10,000 $25,000 $50,000 $100,000 $250,000 $500,000
10 year term $15.53 $15.25 $15.27 $16.96 $27.89 $58.72
15 year term $15.53 $16.72 $16.50 $19.34 $33.06 $58.72
20 year term $15.53 $18.79 $19.65 $22.53 $41.40 $75.99
30 year term $15.53 $29.34 $32.28 $36.97 $68.09 $125.90
Look at the rate samples above carefully, you will see that they are some of the most affordable term life rates available. If you look closely you will see the small difference monthly between the amounts of coverage. We will cover how to calculate your coverage needs below, please be sure to carry enough coverage to provide for all of your families needs upon your passing.
Term Life Insurance Coverage | How Much is Enough
The right amount of life insurance coverage is not one size fits all.
I can give you some ideas and things that you should look at adding into your amount but it comes down to what you feel your family will need to survive after you pass.
In the graphic example to the left of this article is some basic considerations that you need to decide if you need to add them into your coverage calculation.
There is the normal everyday coverage amounts the people use such as a home loan or income lost yearly from a job.
There is so much more that needs to be at least brought into the conversation.
If you are covering a stay at home parent, think of all the tasks that they perform that will need to be outsourced upon their passing. Just driving the kids around for school functions can be a full time job.
The household does not stop or even slow down when a spouse or parent dies, in fact, it is just the opposite, now you are alone and your partner that helped with the chores is gone.
The amount varies depending on who you listen to but most calculate the cost of replacing a stay at home parent in the neighborhood of $150,000.00 per year.
There are several pieces to calculate into the coverage amount, we can guide you and give you ideas, but at the end of the day it is something you and your partner or spouse need to agree on.
What’s Term Life Insurance With No Exam
All types of Term Life Insurance have the same basic principles, they cover your life with a dollar amount of coverage for a predetermined period of time.
The only difference with this term life product is that you get term life coverage without taking a medical exam. The terms and and amounts are the same but the underwriting process is completely different.
By making this product available only to the healthier clientele they simplify the issuing process, in fact some call this simplified issue term life.
All the normal term lengths are available until you get into your late sixties, and the same amount up to a maximum of $500,000.00 of coverage.
If you need more coverage we can still help you, the $500,000.00 amount is only the maximum for no medical exam term life. Larger amounts into the millions are available, but you will be subjected to taking a medical exam and the higher the amount them more detailed the exam will be.
You can see more pricing examples on how age affects rates at our article here. No Exam Life Insurance Over Age 40.
You can get your application in today by calling 1-844-528-8688 and speaking to a licensed life insurance professional. Remember our services are always Free to you, please feel free to use our website and check rates or just give us a call anytime.