What Kind of Life Insurance Should I Buy?

I only want to buy enough life insurance to pay for my burial. What kind should of life insurance should I buy?

Well, if the goal is to cover your burial, and you know that eventually you're going to die, you may want to consider several things:

1. How much will a $10,000 whole life insurance policy cost you, if you live for 20 more years?

2. How long would it take you, paying yourself that premium amount, to have that much money some type of savings account, to pay for your burial expenses?

3. How old are you?

4. How soon do you plan on dying?

If you're very young and healthy, the smart thing to do is just save $50 a month, and in four years, you've got the money for your burial expenses.

If you're very old and/or very sick, the premiums will be high enough that you're basically just prepaying your burial anyway, plus the commission.

It comes down to your age, health, and how soon you may die as to what type of life insurance to purchase in order to pay for your burial.

Some reports indicate a burial and related expenses may cost up to $6,5000 or more.

In addition, you may want to leave money to pay for any other outstanding debt you have, such as, your credit card debt and loans you haven't paid off yet. Also, you may want to leave money to pay your estate taxes and money for your family members.

Globe Life offers up to $30,000 of simplified life insurance with no medical exam required for people age 78 and under.

Globe Life has been insuring the loves of Americans since 1951 and they are rated "A+" Superior by AM best for financial strength.

Learn more about burial insurance from Globe Life.

NEW! Here’s How to Buy up to $500,000 of Term Life
Insurance without any Medical Exam,
Just a Few Health Questions.

Life Insurance Companies No Exams

What life insurance companies offer life insurance with no medical exams required?

The answer depends on your life insurance needs.

Many life insurance companies will not require you to take a medical exam if you are purchasing less than $100,000 of life insurance, or you are under a certain age.

However, there are several life insurers that do offer no medical exam life insurance, including HSBC, Liberty Life Insurance, Garden State Life, Gerber Insurance, Mutual of Omaha, Stonebridge Life, and Globe Life and Accident Insurance Company, among others.

When comparing plans for no exam life insurance make sure you consider the amount of coverage you need, what you can afford to pay, and the financial strength rating of the insurance company.

Also, make sure you determine of the coverage is "Graded Benefit", which means you do not have full coverage until you have owned the policy for 1-2 years, depending on your life insurance policy.

Here's an article that reviews life insurance companies no exams required to help you better understand your choices.

NEW! Here’s How to Buy up to $500,000 of Term Life
Insurance without any Medical Exam,
Just a Few Health Questions.

Is There No Exam life Insurance for Seniors?

Yes, some insurers do offer Senior No Exam Life Insurance policies.

If you are looking to purchase senior life insurance coverage without having to take any physical exams it may be possible.

Your ability to get no exam life insurance will depend on several factors, including your age and health, the insurance company, and the amount of coverage you need.

Some leading insurance carriers that may offer senior no exam life insurance include Globe Life, Stonebridge Life Insurance, and Mutual of Omaha.

In addition, rates for no exam life insurance tend to be higher than you may pay if you had to take a physical exam to qualify for your life insurance policy.

And, the amount of life insurance available to you without a medical may be limited to around $30,000 or less, depending on the insurance company.

Here's an article explaining senior no exam life insurance and how you can request your free quote on the internet.

Top 10 Life Insurance Companies

Where can I find a list of the top 10 life insurance companies?

Each year the Insurance Information Institute issues a report showing the largest life insurance companies in terms of individual life insurance policies issued for term life insurance, as well as the other types of life insurance plans available.

The Insurance Information Institute is located at www.iii.org and you can research all of the helpful consumer reports on life insurance and all types of insurance coverage available on their site.

For your review here is a list of the Top 10 Life Insurance Companies that shows their company name and financial strength rating.

You can also request free term life insurance quotes online with no obligation.

NEW! Here’s How to Buy up to $500,000 of Term Life
Insurance without any Medical Exam,
Just a Few Health Questions.

Life Insurance without Blood Tests?

Can you buy a life insurance policy without taking any blood tests?

Yes, you may be able to buy life insurance without any blood tests required.

In fact there are now available life insurance plans with no physical exam, no blood tests, and no urine tests required. However, they do require you to answer a few health questions.

Why choose no blood test life insurance? many people have a fear of needles, drawing blood, or even visiting doctors.

Whatever your reasons, you do have the option available for life insurance with no blood tests.

However, you should know that the premiums may be higher than for life insurance that does require you take a blood test and physical exam.

In addition, the amount of life insurance offered may be limited to $500,000 or less.

Learn more now about term life insurance no blood tests.

NEW! Here’s How to Buy up to $500,000 of Term Life
Insurance without any Medical Exam,
Just a Few Health Questions.

Age Limit on Life Insurance with No Exam?

Is there an age limit on no exam life insurance policies?

Yes, there may be age limits that apply to life insurance plans with no medical exam required.

The age limits may vary by life insurance company.

Some insurers may limit the amount of coverage available, the term of your policy (10, 15, 20, or 30 years), and the age up to which you may purchase the life insurance plan.

Some insurers limit the age to 85, others at age 78 and under, and some insurers that offer higher amounts of coverage may limit the age to 65 or 60 years old.

However, the age limit may depend on the term of the policy. For instance, some people may be able to purchase a 20 year term policy with no exam at age 50, while others may be able to purchase a 10 year term policy at age 60.

Here's a review of some life insurance no medical exam plans for you to learn more about your options.

NEW! Here’s How to Buy up to $500,000 of Term Life
Insurance without any Medical Exam,
Just a Few Health Questions.

Learn about Smoker Life Insurance Plans

Where can i compare smoker life insurance plans online?

There are many life insurance websites offering free quotes for smokers life insurance.

Among some leading quote providers are AccuQuote, Insweb, Eterm, Efinancial, and Termfinder.

These quote providers have access to a network of life insurance companies which can provide you with free, instant quote comparisons of the most affordable rates.

However, make sure you compare several quotes because rates vary between insurance companies, and some insurers specialize in insuring the lives of smokers.

In addition, there are term life insurance no exam plans which require no medical exam, just a few health questions. However, rates are usually higher than for life insurance requiring a physical.

Also, you may save money is you quit smoking. Some insurers will offer you a better rate once you have been smoke-free for 1-2 years.

If you are a smoker when you buy your life insurance, and then you quit smoking, you may request a re-rate of your policy and the insurer may adjust your premiums. However, they may make you take a blood and urine test to verify your smoke-free condition.

Learn more about smoker life insurance plans and how you may save money on your life insurance if you smoke.

NEW! Here’s How to Buy up to $500,000 of Term Life
Insurance without any Medical Exam,
Just a Few Health Questions.