Final expense life insurance policies can now be quoted online.  No exam final expense life insurance policies are availabe up to 50k, depending on your age.  In many cases people with serious medical conditions can qualify for final expense life insurance.  Find out if you qualify today.  Get your final expense life quotes here or call us at 1-888-950-TERM if you need help or if you have any questions.  Final expense life insurance is whole life insurance.  Final expense life insurance rates are guaranteed for life.  Once you receive your final expense life insurance quote online, fill in the information to request your application.  You can get your final expense life insurance policy issued in 24 hours.

Final Expense Whole Life Insurance Quotes Online

Families may have to make important decisions after the death of a loved one.  In addition to having to make these difficult decisions, they will also have to pay expenses arising from burials, remaining debt, and out-of-pocket health care bills.  All of these expenses can add up quickly.  Grieving family members can suddenly find themselves in unexpected debt.

While most people don’t want to think about these things now, those who do plan ahead and buy a final expense whole life insurance policy are rewarded with the peace of mind of knowing that their final epenses are taken care of so that their family members aren’t stuck with the bill.  Final expense whole life insurance policies can eliminate or minimize the financial burden an unexpected death could have on those who you love and fund your final wishes.

On average a funeral can cost $10,000 or more.  Other expenses that are related to a funeral like transportation, ceremonies, and other incidentals, can also be costly.  Social security benefits pay only $255 to qualified dependents and the Veteran’s Administration benefit offers only $300.

What makes things worse, is that the majority of U.S. health care costs come in the final phase of life, when many end up in their final days living with terminal chronic illnesses which have very high costs associated with their treatments.

Obtaining a final expense whole life insurance policy now will ensure that your loved ones will have funds availabe when they need them.

Final Expense Whole Life Insurance Can Help

• Peace of mind that your family will be protected
• No exam – policy issue is based on your answers to health questions on the application
• Find out today if you are pre-approved
• Premium rates that are guaranteed to never increase for the rest of your life
• Coverage that never decreases
• 30-day free look period with a right to cancel and 100% refund

Call us today for a quote at 1-888-950-TERM(8376)

Permanent cash value life insurance will provide death benefit protection during your working years, but it can also provide supplemental tax free retirement income once you retire.  In fact, if you decide to take this income before age 59 1/2 it will still be tax free if taken properly.  In addition, there are no contribution limits in a permanent cash value life insurance policy as there are in other retirement vehicles such as a 401(k) or Roth for example.

Another benefit of permanent cash value life insurance is that in many states the cash value in your life insurance policy is protected from creditors.

Term life insurance is great if you need cheap life insurance to protect you for a specific period of time such as 10, 15, 20, 25 or 30 years, but if you want a life insurance policy that will cover you no matter how long you live, you should consider permanent cash value life insurance as an option.  Permanent cash value life insurance can replace lost income to your family.  It can cover the cost of care provided by a non-earning spouse.  It can repay your debt obligations.  It can also be used to plan for business succession or estate plan in the event of your premature death.

Some permanent cash value life insurance policies have optional long-term care insurance riders that can be added, so that you can use your life insurance to help cover the cost of long-term care.

We can design your permanent life insurance based upon your individual needs.  If you are interested in getting a customized proposal for permanent cash value life insurance, please call us at 1-888-950-TERM.

1-888-950-TERM

Below are whole life insurance rates for non-smoker males ages 80 to 85 for a $10,000 policy

80 year old male non-smoker rate120.85 per month

81 year old male non-smoker rate 124.45 per month

82 year old male non-smoker rate 128.15 per month

83 year old male non-smoker rate 130.85 per month

84 year old male non-smoker rate 133.65 per month

85 year old male non-smoker rate 141.15 per month

Below are whole life insurance rates for non-smoker females ages 80 to 85 for a $10,000 policy

80 year old female non-smoker rate 91.65 per month

81 year old female non-smoker rate 95.15 per month

82 year old female non-smoker rate 98.65 per month

83 year old female non-smoker rate 98.85 per month

84 year old female non-smoker rate 105.15 per month

85 year old female non-smoker rate 111.95 per month

Below are whole life insurance rates for smoker males ages 80 to 85 for a $10,000 policy

80 year old male smoker rate 139.07 per month

81 year old male smoker rate 195.15 per month

82 year old male smoker rate 200.35 per month

83 year old male smoker rate 202.75 per month

84 year old male smoker rate 205.05 per month

85 year old male smoker rate 218.95 per month

Below are whole life insurance rates for smoker females ages 80 to 85 for a $10,000 policy

80 year old female smoker rate 117.12 per month

81 year old female smoker rate 134.95 per month

82 year old female smoker rate 139.65 per month

83 year old female smoker rate 143.15 per month

84 year old female smoker rate 146.48 per month

85 year old female smoker rate 162.65 per month

You are NOT required to take a physical exam in order to qualify for one of these whole life policies.  All you have to do is be able to truthfully and accurately answer no to all of the medical questions on the application.  The questions vary between different companies, but below are the questions from one of the products that we sell the most due to their very competitive rates.

1.  Height and weight – max weight depends on your height.

2. Do you need assistance with the normal activities of daily living (eating, bathing, dressing, taking medications, etc.), or are you currently hospitalized, confined to a bed or nursing facility, or receiving hospice care?

3. Within the past 12 months have you

a. Been medically diagnosed with internal cancer, leukemia, lymphoma, or melanoma or have had more than one occurence of any cancer in your life time (excluding basal or Squamous cell skin cancer), had a recurrence of any cancer, or currently being treated for cancer or had an amputation caused by any disease or cancer?

b. Been medically diagnosed, treated, or taken medication for stroke or transient ischemic attack (TIA/mini-stroke)?

4. Within the past 24 months have you

a. Been medically diagnosed, treated or taken medication for cirrhosis, liver disease, angina, chronic obstructive pulmonary or lung disease (COPD/COLD), emphysema, chronic bronchitis, required oxygen to assist in breathing, or uncontrolled high blood pressure?

b. Been medically diagnosed as having, been treated for or hospitalized for heart disease, Hodgkin’s Disease, heart attack, heart or circulatory vascular surgery (including coronary artery bypass, pacemaker, or replacement pacemaker, heart valve replacement, abdominal aortic aneurysm, but excluding angioplasty or stent placement) cardiomyopathy, or any procedure to improve circulation to the heart or brain?

5.  Within the past 36 months have you

a. been convicted of a felony or are you currently incarcerated or on probation, been diagnosed or treated by a licensed member of the medical profession for alcohol or any drugs of abuse, attempted suicide, or been convicted of operating a vehicle while intoxicated or impaired?

6.  Have you ever

a. Been medically treated for insulin shock, diabetic coma, or have you taken insulin injections or by other methods prior to age 40?

b. Tested positive for exposure to the HIV infection or been diagnosed as having ARC or AIDS caused by the HIV infection or other sickness or condition derived from such infection?

c. Had, or been medically diagnosed, treated, or taken medication for chronic kidney disease (including dialysis, kidney or liver failure, congestive heart failure, Alzheimer’s, dementia, Lou Gehrig’s disease (ALS), schizophrenia, bipolar disorder, or mental incapacity?

7.  Within the past 24 months have you been medically diagnosed, treated, or taken medication for

a.  Lymphoma, melanoma, leukemia or any internal cancer?

b.  Stroke, or transient ischemic attack (TIA/mini-stroke)?

c.  Neuromuscular or brain disease (including cerebral palsy, muscular dystrophy, multiple sclerosis, grand mal epilepsy, cystic fibrosis or Parkinson’s disease or systemic lupus (SLE)?

d.  Paralysis of two or more extremities or amputation caused by disease or cancer?

e. Angioplasty or stent placement?

8.  Within the past 24 months, have you been confined three times or more to a hospital, nursing facility, convalescent care facility, assisted living facility, mental facility, or hospice care?

9. If you are 65 and under, do you have a physical or mental reason or any health reason that would prevent you from working for at least 25 hours per week in an active, normal, and gainful employment?

1-888-950-TERM or click here for online universal life rate quotes.

For many people owning some term insurance is an effective way to protect their families and others who depend on them, particularly for the short-term. 

Many of these same people, however, also want the added protection and flexibility of permanent insurance but are unsure as to which type is right for their situation. 

The most appropriate type of permanent insurance for your is based on your preferences and attitudes toward a range of factors such as risk preference, flexibility, guarantees and your retirement and legacy objectives. 

If you prefer a policy that that has both guaranteed death benefit protection as well as a guaranteed form of cash value growth, you should look into a whole life policy.  Whole life insurance has guaranteed level premiums, guaranteed cash value and guaranteed death benefits.  Whole life is also eligible to receive annual dividends.  Dividends are not guaranteed; however, if paid they may increase the cash valued and death benefits over time.  In general, a dividend paying whole life policy will cost approximately twice as much as a universal life policy. 

If you prefer a policy with guaranteed death benefit protection over the potential for cash value growth, you should think about universal life insurance with a guaranteed death benefit.  Universal life generally provides a guaranteed premium and can be designed to provide a guaranteed death benefit and typically does not focus on cash value accumulation. 

For an illustration or if you have any questions, please call 1-888-950-TERM. 

For online universal life insurance rate quotes click here.

Whole life insurance gives you a guaranteed death benefit for life along with guaranteed premiums and guaranteed death benefit.

Call InsuranceGlobe.net today to compare whole life insurance rates today.  You can reach us at 1-888-950-8376.

Other personal factors may come into play in the decision as to whether to purchase term or whole life. If you are still not sure, please visit us at www.insuranceglobe.net , for more information and articles about life insurance. At INSURANCE GLOBE we will help you find the best insurance for you at the most competitive prices.

One of the first considerations when investigating life insurance is the question of term versus whole or variable coverage. We first need to understand how they are different and take a look at the pro’s and con’s (loosely translated as cost!) of term life insurance.
Comparing the types of life insurance including term comes down to a simple point. Term life insurance is for a fixed period of time. Whole and variable life can usually be carried out for a person’s entire life. This means there will be some payout at some point as long as the policy is kept in force (generally meaning that premiums are paid). This is counter-intuitive to the world of insurance and the very principle of how insurance works. Insurance is to protect against an unlikely but catastrophic risk across many people and thereby reducing the risk to any one given person. Whole life insurance is providing coverage for a very likely (like taxes, inevitable) risk to all.
Let’s take an example. If 100,000 people buy life insurance ($100,000K) for a 10 year period and 15 people actually trigger the benefit, the total payout is $1.5M (15 people times $100,000). But this total amount is spread among the total risk pool of 100,000 people. The baseline premium that each person need to pay for this protection is $15. Very inexpensive.
Throw in inflation and investment returns (plus administration costs and profit) to this and you have the basis for your term life premium. The carriers have statistics to essentially guess what percentage of people will trigger the benefit according age, health status, and length of term. It’s higher than the 15 above but you get the idea of how term life insurance, and more importantly insurance in general should work.
This is also true for medical and property/casualty. The whole basis of insurance is that a catastrophic expense would wipe out one individual but if spread among a large enough pool of people, the group can handle it because only a percentage will trigger the benefit. It spreads out risk.
Whole life insurance (and variable) is something entirely different. The risk of you triggering the benefit is 100% (assuming policy kept in force). How can that be? Well, the premium has to be significantly more (usually around 10 times more) than term life insurance for smaller amounts. Here, the carrier is estimating that they can take the 10 times premium (let’s say $150 per person for our above example) and make enough money investing that amount to pay out for everyone in the group at a lesser amount.
They are essentially investing with your money hoping to earn off this “float” before needing to payout death benefits. They also plan to pay your death benefits with future money which is worth much less (due to inflation, $1 today might be worth 60 cents 10 years from now and 20 cents 20 years from now). You’re not purchasing life insurance to have money invested. You are buying life insurance to protect against a risk.
It’s equivalent to purchasing health insurance to cover 100% of all expenses (no copays, no deductibles, and no co-insurance). The cost for such a plan would be so high that it would quickly price itself out of the market. This is why we have the constant movement towards higher deductible and more cost sharing. Covering 100% of the risk of death just isn’t cost effective which leads us to our next point.
Premium premium premium
Premium is the amount you will pay to keep a life insurance plan in effect and this is where the tire meets the road when comparing term and whole life insurance. Term is so much less expensive than whole life that it’s hard to make the case for whole life. If you have enough money to afford large amounts of whole life insurance than the question begs whether you need life insurance to begin with.
It takes a great deal of premium to buy large amounts of whole life. Some (usually insurance brokers selling whole life) would argue that you build up cash values with whole life which means that after a period of time, you start to have a portion of the whole life policy that is essentially your asset (to borrow against for example). Why would you pay your own money in premium to have a life insurance company hold it (and invest with it) as your own money for you to borrow against.
Why not keep 9/10ths of your premium to yourself and buy term with the other 1/10th (difference in premium) of the whole life premium. In our view, this is a gimmick for people who do not understand how money works. You’re essentially giving the life carrier money to invest for themselves, and they will give you back a smaller amount at the time the benefit is triggered. Keep your own money and spend a fraction of it to protect against the real insurance risk. That’s term life insurance in a nutshell.

By: Dennis Jarvis