No Medical Exam Term Life Insurance Quotes for 60-Year-Olds

No Medical Exam Term Life Insurance Quotes for 60-Year-Olds are available for you here and now, enter your information and get a free quote in seconds.

If you are doing your own quote, follow this little hint:  Check the description of the policy and be sure it says “No Medical Exam”.

If you don’t see what you are looking for or just would rather not mess with running your own quote, call 1-844-528-8688 and talk to a Licensed Life Insurance Professional, we would be happy to run the quote for you.  There is never a fee for our services, so why not take advantage and call us today.

Life Insurance over the age of 60

You know the older we get the more things change and that applies to Life Insurance as well.  The premiums go up with age and once you get into your sixties the longer terms start to disappear.

When you go through the process of getting a straight Term Life policy you will go through underwriting and need to take a (normally) in-home medical exam and provide the medical history for you and your immediate family.  Let’s face it nobody enjoys the exam which can be time-consuming and downright unpleasant.  For many people, those days are over with this term life insurance product.

No medical exam Term Life Insurance (sometimes called Non-Med Term Life or simplified issue) is exactly as the name states No Medical Exam, you answer some questions they look at some records and you’re done.  The amounts of coverage go up to $500,000.00 and you can get term lengths up to 30 years on most coverage amounts.

With more and more top-rated Life Insurance Companies offering this product, the rates are being driven down as they compete for your business. There is no better time than the present to take a look at simplified issue No Medical Exam Life Insurance Quotes.

No Medical Exam Life Insurance Rates for 60 Year Olds

No Medical Exam Term life insurance rates for a 60 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

10 year term        $29.08          $31.97             $37.62          $61.01           $138.04 

15 year term       $29.08           $39.68            $52.04          $82.63          $196.04 

20 year term       $29.08           $46.69            $63.74         $99.04           $221.79 

30 year term        $29.08           $66.21            $128.08       $251.83         *None 

No Medical Exam Term life insurance rates for a 60 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      

10 year term      $29.08           $25.35            $24.62         $33.60           $73.21 

15 year term       $29.08           $29.82            $33.02          $51.42          $115.42 

20 year term      $29.08          $36.55             $46.14          $69.04          $153.06 

30 year term         $29.08          $66.21            $128.08        $251.83         *None     

Why Choose a No Medical Exam Term Life Insurance Policy

A No Medical Exam Term Life Insurance Policy gives you all the benefits of any term life insurance, the difference is that because it is designed for healthier clientele they can eliminate the medical examination.

Although the insurance company still does underwriting, it is very simplified.  You have tobacco and non-tobacco rates, your application will have questions about your height, weight, prescriptions, driving record, and your citizenship status.

These answers are then verified by the MIB:  The Medical Information Bureau.

Other ways of verifying your answers are an APS (attending physician statement) and a Pharmacy Report.

Why Choose a No Medical Exam Life Insurance Policy?

There are many reasons to look at this product, maybe you are busy and just can’t find the time or you hate needles to name a few.  With rates this low, you need to at least look to see if you qualify for this type of coverage.

No Medical Exam Term Life Insurance Quotes for 60-Year-Olds

When we talk by you calling 1-844-528-8688 we go over all options available to you and present the best insurance company and pricing, so that you can make an informed choice.  We will help you determine your needs and you can then decide on what product and pricing is the perfect fit for you and your family.

Health declines as we get older, this is a simple fact.  Insurance companies know this and will reduce risk by limiting options for older clients such as term limits.  You can see by the chart below that the rates differ quite a bit for just five years difference in age.

We have even more valuable information on this page:  https://ljmlifeinsurance.com/no-medical-exam-life-insurance-over-age-60/

What about Whole Life Insurance without a Medical Exam?

There are many options for someone over the age of 60 who is looking for Life Insurance depending on the person’s needs, health status, and their budget.  Whole Life Insurance may be a better option when you need insurance coverage for a lifetime.

Many seniors opt for Final Expense Insurance (burial and funeral insurance) because they prefer a policy that is more affordable and can be purchased in lower coverage amounts like $10,000 to $30,000.

Final expense policies also do not require a medical exam and most companies can issue coverage within days of the application.

Insurance companies that offer final expense life insurance normally offer three types of coverage to accommodate applicants who are healthy or those that are dealing with health issues:

• Level Benefit Plan –  this plan is the most popular because if you medically qualify, you’ll receive the lowest rates and first-day coverage.
• Graded Benefit Plan – the graded plan is generally offered to applicants who cannot medically qualify for a level benefit plan. The rates are somewhat higher and the death benefit is paid on a graded basis during the first 2 years if the insured dies as a result of natural causes.
• Guaranteed Issue Plan – a guaranteed issue (guaranteed acceptance) plan is generally available if the applicant has severe or multiple health conditions that disqualify them from purchasing a level benefit or graded benefit plan. Similar to a graded benefit plan, the guaranteed issue plan is priced higher than level and graded benefit plans, and the death benefit is modified to the sum of premiums paid plus 10% if the insured dies in the first 2 years as a result of natural causes.This plan has become very popular because there is no medical underwriting.

Coverage Needs At 60 Years Old

Term Life Insurance when you are age 60 is going to give you coverage well into your retirement years and can be used to protect your spouse’s retirement income as well as any exposure to large debt.

The majority of people who are 60 or older have major bills close to or completely paid off and the children are out on their own, which is why the Life Insurance needs of a person in their sixties vary greatly compared to the needs of a forty-year-old.  See the examples below for some things to take into consideration when you are calculating how much Life Insurance you need.

• Retirement income that will be lost for the spouse. Education expenses for any children/grandchildren
• Household Expenses
• Income while still working
• Funeral Expenses

Companies Offering Life Insurance without a Medical Exam

The list of companies offering No Medical Exam Term Life Insurance is growing every year and this is a good thing for someone seeking No Medical Exam Life Insurance policies for 60-Year-Olds.  It keeps the competition healthy and in turn, keeps the prices competitive.

When you call us at 1-844-528-8688 we will discuss your needs and budget and look at all options from each insurance company we represent.  We carry the top providers of term life insurance without a medical exam and will find the right product for your needs and budget.

We’ll find the best solution for your circumstances from the carriers we represent and the insurance policies they provide.