Life itself is one of the most precious gift that the god has given to us. We all need to die one day but what after our death. We will loose all our responsibility but there are someone who still needs our support and help. In that condition to protect our families and relatives after our death there is something that is known as Life insurance. This insurance provides a good amount of money to our beneficiary after our death. Specially most of the insurance companies perform the life insurance of the young people but there are a few companies that provides best no medical exam life insurance fro seniors in 2018. Today we will provide you some of the best among best life insurance companies for seniors in 2018. As a senior you might have your term life policy expired or need protection for your estate or may be any other reason. You need to be very careful while setting up life insurance policy because it is one of the final choice that you make in terms of the insurance. If you miss to choose the right policy then it is sure that your families are gonna face the problem. Life insurance for seniors is not just a policy but it is the fusion of all your needs, sharing and your life style. You must consider or have a best life insurance. Life insurance for seniors is available for 60+ age groups of people.
Types of the no medical exam life insurance for seniors :
Term Life insurance : This term insurance is a very limited time life insurance that provides the service for a very short period of time. Some of the insurance companies do offer term life insurance plans to the senior citizens without the medical exam. Generally the coverage that this type of insurance companies ranges from $20000-$55000 for term life insurance policy.
Guaranteed Life insurance : Guaranteed life insurance is one of the insurance policy that accepts the life insurance policy for any people and they are for a long period of time with a high amount of coverage. Generally they offer an average coverage of $300000. For no medical exam they take an age group of 65 years of age.
Final expense insurance : Final expense insurance also known as burial insurance is the type of insurance in which the insurance companies pays all the benefits amount to beneficiary for the arrangement of funeral ceremony after the death of insured. The coverage amount ranges from $2000-$50000. No medical exam is required for this type of insurance.
Now lets talk about some of the best no medical exam life insurance companies for seniors 2018 :
ANICO : American National Life Insurance Company is one of the company that offers the best no medical exam life insurance for seniors. They offer all three types of insurance regarding the term life insurance and whole life insurance. They have a guaranteed acceptance for the senior citizens. If the
premium is paid on the regular basis then there is 100% death benefits. For the whole life insurance then is guaranteed cash value. In universal acceptance insurance also there is a full coverage for the senior citizen up to the age of 121.
Assurity Life Insurance : As like other insurance companies this insurance company also provides all three different types of life insurance plans. The premium is slightly less then other insurance companies. Also the benefits that it provides is based on the different types of plans that the person purchases from the insurance. Likewise there is no medical exam for the senior persons having age of 65. The death benefits classified into the three different types as modified, graded and level. This three have three different types of death benefits.
Americo Life insurance : This Americo life insurance has a slightly different types of plans and option. This insurance offers its life plans under three categories Ultra protector series I, II and III. This are the types of death benefits that this life insurance offers to its users. The person can check out the plans and can set it up as per their consideration. This insurance offers no medical exam for the senior citizens up to age 85 years.
Fidelity Life Association : No medical exam is required for the person up to 70 years of age. On the basis of age term life insurance coverage and the time period is separated. This insurance however does not provide the enough death benefits as like other insurance companies. They have a limited life plans and they are fine for most of the average people who just want an average death benefit at a low premium cost.
New York Life Insurance : This life insurance is one of the best life insurance companies for most of the people who are over 60 years of age. They do no medical exam for the senior citizens up to age of 80 years. This life insurance is one of the A rated life insurance company. New York life provides the minimum coverage as low as $25000. Premium rate is also very much affordable for the people.
Hence this is one of the most trusted and worthy life insurance company for seniors.
The above are some of the best among best no medical exam life insurance for senior 2018. We have arranged above companies under the basis of all the things like the company customer satisfaction, rates of premium, coverage that they provide and many other small factors. If you have any experience or views regarding this insurance company then feel free to comment us down below or if you have any confusion then also you can comment us down below.
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