.png){kind=logo}
Would you like to review sample life insurance rates by age with no personal information required? We have analyzed term life insurance rates by age and the needs which are typically covered as you mature.
Most people realize that life insurance rates are greatly affected by your age. Unfortunately, as you get older, your life insurance rates do go up in cost. However, if you are in decent health, you can get great life insurance rates at almost any time in your life.
Most insurance agents always tell you the best time to compare life insurance rates and buy a policy is while you are still young. But, most folks really do not need much life insurance until they get a little older and have more financial obligations.
During our review, we will answer the following common life insurance questions:
Obviously, age is not all the insurance companies will evaluate when determining the price you pay for life insurance.
Many other aspects of the life insurance underwriting process will also determine what your life insurance will eventually cost you.
Before you look at life insurance comparisons and how age increases your premium, you definitely need to understand how your insurance age is calculated. Many applicants falsely assume premiums will be based on their current age (actual age) as long as the application is completed before their birthday.
This may not always be the case because most life insurance companies use your attained age (age nearest) for calculating your insurance age. If you have been procrastinating about buying a life insurance policy, it may be time to act sooner rather than later if you have an upcoming birthday.
• Actual Age is the utilized by only a few insurance companies and is for most people used to describe their current insurance age.
• Attained Age or Age Nearest once you are past your half birthday, they consider you to be the age you will be on your next birthday.
In your 20’s many young people are just starting to consider life insurance. Most young people are more focused on starting their career, finding a spouse, and starting a family.
Purchasing life insurance in your 40s is where most people begin to get serious about life insurance. The children are approaching college and tuition and mortgages are usually major concerns.
The primary reasons for people purchasing term life insurance in their 60s is to protect their income for their spouse. Medicare does not start until you’re mid to late 60s, and health insurance is often expensive for most people by this time.
As people reach their 60's & 70s, the need for life insurance also tends to change. Most seniors try to cover funeral expenses, provide for college tuition for grandchildren, and cover any unexpected medical expenses for surviving spouses.
Most term and universal life insurance is medically underwritten. Although more expensive in cost, getting life insurance no medical exam required is still possible. So, it is important check into whether you can qualify for coverage before deciding which application process to pursue.
Please do not worry if you have a medical condition! Just because you have a medical condition does not mean that you will be turned down or need to pay the highest rates. If you can demonstrate that you are following your doctor’s orders you can also receive the similar rates to healthy applicants.
Gold Coast Life Insurance pioneered the concept of selling affordable life insurance by phone, mail, and internet on a nationwide level.
We assist consumers by providing affordable term and universal life insurance comparisons with easy to understand insurance planning concepts.
First, your general medical history is initially evaluated by our agents to determine which company may be best suited for your particular medical history.
Next, your life insurance needs are discussed to find an appropriate plan and amount of insurance for your needs and budget.
Then, most insurance companies will also require you to do a brief insurance examination.
Your medical information and exam are submitted to several highly rated companies to determine which carrier would be willing to offer coverage at the most competitive rate class.
The underwriting process can take between 3-4 weeks depending on the details of your medical history.
This process allows us to provide you with accurate life insurance comparisons based on how your medical history fits with each company’s underwriting guidelines.
You can work with an agent to find a life insurance policy and can get a personalized, free, and no-obligation life insurance quote in just a few minutes. It’s that easy to start protecting your family’s financial future! Requesting a life insurance quote through AIG Direct is now faster and easier than ever!
With My Term Life Guy, you can get quality term life insurance coverage for less. Call now and save up to 60% on your term life policy compared to the same coverage through other carriers. That means you can get similar coverage for your money – and that’s always a good thing!
Analyze and engage with user feedback, new releases, and valuable insights.
.png){kind=logo}
