Term Life Insurance

Nowadays, more and more people have started to take serious inters in the possibility of purchasing a financial safety net such as no medical exam life insurance. Whether this change in attitude is owed to the numerous changes in current economy, or to personal reasons which differ from person to person, one aspect stands out: people need quality protection, and they are willing to pay good money for it.

happy family searching online for life insuranceThe insurance marketplace took notice of the increased demand of product, leading to the development of new, enhanced policies meant to cover for the needs of all age groups.

Insurance comes in two standard forms: permanent and term. Permanent, or whole life, insurance is designed to offer unlimited protection and build in cash value over time. Term insurance stays in force for as long as the insured needs it (ranging from 1 to 30 years) and offers cheap and efficient coverage without guaranteeing a pay-out.

A common misconception surrounding life insurance is that seniors might find it difficult, if not even impossible to qualify for standard protection. Even though this assumption is reasonable, given the criteria on which insurance representatives base their selection of applicants, one fact is omitted: seniors have an insurance niche designed especially for them, consisting of no exam term insurance and final expense insurance.

No exam insurance is term, while final expense insurance offers permanent protection. Another difference is represented basically by the amount of coverage one can offer – no exam insurance standing for a significantly higher face amount than final expense protection. All in all, it depends on what you need. Book an appointment with a licensed, experienced insurance agent and have him explain to you all the obscure points you encountered during your pursuit of the right insurance policy.

For more information about term life insurance and for a free online insurance quote, all you have to do is visit our website! Don’t forget – the ideal life annuity can be one step away, waiting for you just around the next virtual corner.