Do you want a 70 to 75 year quote for another amount of coverage or term? Use the form on the right or below:
Should I buy Term Life Insurance or the entire life insurance over age 70?
If you have a short-term long-term need, for example 1
Thermal insurance covers you for a set period of time, for example 10 or 15 years, and offers you low level premiums during the term.
Here are the benefits of a ransom policy:
- Simple, straight forward coverage – There is no cash value or investment component. Coverage is simple.
- Level Premiums – Your premiums are guaranteed to be fixed during the period you choose, for example 10 or 15 years
- If you pay your premiums on time, you are covered. Low cost – Usually half the cost of lifetime policy
Click here to get a maturity insurance quote.
But the futures policies only offer coverage for 10-15 years in your 70s, which is not preferable for many people. Most of our 70+ clients prefer a "Lifetime Guaranteed" policy …
I prefer a type of permanent or full life protection called guaranteed universal life insurance which is essentially a conceptual policy that covers you for the rest of your life, but without all the money the value build you get with a whole life policy.
Reasons to consider guaranteed universal life:
- Offers guaranteed level premiums for life
- Average value (death benefit) guaranteed never to decrease
- Half life cost average
] If you want to see free pricing for a guaranteed universal life insurance quote, click below and select "Lifetime" from the Duration option.
C lick here for a quote
Thermal insurance is mostly purchased by young adults to replace lost income in the event of death. Most people who need life insurance over 70 years do not need it for replacement of income. They need it for the rest of their lives. Therefore, I recommend a permanent policy.
Term Life Insurance is still available at Age 71, 72, etc. ???????? I get many customers 70 years and older who just want forward insurance. It makes sense that they buy term cover as long as they only need to cover another 10 to 15 years.
However, recent age limits have been placed on futures policy. (See our article on how to get older can affect the type of policy you can buy.)
For example, here are Protective's age limits:
 The age limits that I would like to point out from the picture above are the following:
- 10 year plan: 18-75
- 15 year plan: 18-70
- 20 year plan: 18-65
As you can see, 75 year olds can still buy 10 years but cannot qualify for a 15 year plan. Earlier, from the age of 76 to 80, you can get a traditional 10-15-year policy and can get a 10-year policy all the way up to 85 years.
Now, though, the age limits have come down, so you can't get a regular vanilla policy at these older ages. If you need coverage for a limited time, you can still do so with a guaranteed universal life insurance policy with guarantees of 90 or 95 years.
At one of these ages, you can still apply for permanent policies that guaranteed universal life insurance for 120 years, which I prefer.
What if I have a present condition?
<img class = "alignright size-medium wp-image-11873" src = "https://www.insuranceblogbychris.com/wp-content/uploads/2016/12/Heart-Estate-Planning-300×300.jpg "alt =" has a health condition?
We have helped hundreds of individuals to buy life insurance that took drugs for various conditions or had a history of diabetes, cancer,
] We were able to help a 73-year-old woman qualify for a standard diabetes rating
Approval Tips if you are taking medication or you have health problems:
The most important thing you can do is this …
STAY FROM CAPABLE INSURANCE AGENTS!
Say you're a 74 year old woman and have a history of high cholesterol and once had a stroke, if you go to an agency like Farmers or Stat e Farm, they are likely to sell you a Farmers or State Farm Policy … even though these companies penalize you for stroke.
If you use an "independent agent" (we are independent here at Huntley Wealth), your agent can shop around for the company that would be fairest and charge at least with your particular cholesterol history and stroke.
Using an Independent Agent
I explain this in more detail in this video:
For more information on how we help our customers with severe health stories
What steps are involved in buying life insurance? 19659023] In most cases, this will be the process:
- Get a quote (phone or online)
- Apply for coverage – simple process that can be done by phone
- Take a free medical examination
- Wait 4- 6 weeks for approval
- Pay your first premium and your policy is now effective
Do you have questions? We can help!
We know that it seems difficult to seek life insurance in the 1970s.
It seems that all affordable policies are no longer available or that you can no longer qualify for health concerns.
We can help!
If we work with over 70 years or help an individual qualify for life insurance with a tough medical issue, our agents have seen everything and can help. If you have any questions or need help choosing the appropriate type or quantity of life insurance coverage, click here to start the process with a FREE quote.