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o Medical Exam
Whole Life Insurance and Senior Final Expense Life Insurance
Whole Life Insurance
over 65 No Physical Required
Life
insurance for seniors over 65
No Medical Exam
Ideal Funeral Expense
insurance
and for Burial Insurance
No
Agent Visit
Required.
Older
Individuals are able to get coverage:
The Whole Life plans are typically
available all the way up to 80 years of age.
Some are available to age 85, and
at least one is available to age 89.
These plan have great flexibility
to meet age and health history requirements.
Also, when applying for coverage
you will not have to take a medical exam or
have any blood work examined. This
Whole Life plan was designed to be a
simple, fast, and affordable way to secure life insurance.
Coverage that last
your whole life:
Whole life insurance (sometimes called straight life or permanent
life)
provides protection for your entire life at guaranteed level
premiums
(to qualified eligible applicants) based on demographics and
health history.
It is important that you insure
your insurability.
Many people think about life
insurance when it is too late and they already have been diagnosed
with a medical condition that makes them uninsurable. So, it is
important to lock in permanent life insurance that will be there
for your entire life.
Term is cheap but it is designed to
last only a specific time in your life.
Whole life builds cash values:
A portion of the money you pay into
your whole life policy accumulates as
guaranteed cash values. If you choose
to surrender the policy, these guaranteed cash values would be
available to you. Or, as long as the policy is in force, you may
borrow against them as a policy loan at the current policy loan
interest rate.
The amount of your guaranteed cash value depends on the kind of
whole life policy you have, its size and how long you have had
it. The growth in cash values is tax deferred under current federal
income tax law. Term insurance does not provide cash values.
