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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.
Many couples have often outgrown their first house and need a larger one to accommodate growing children. Mortgage protection life insurance is usually high on the priority list.
Most people are in the prime of their careers in their 40’s and 50s. Many parents begin to experience empty nest syndrome, as children start their own lives. So, the primary reason for life insurance revolves around protecting the income to protect your spouse.
Normally, Banner Life Insurance Company comes up with excellent prices for middle aged people taking a few medications or having a few minor health issues.
The term life insurance rates chart below offers sample pricing on the best life insurance for age 50 and over.
This sample contains non-smoking rates on life insurance for a 50 year old male, and a 60 year old male, with coverage lasting 10, 15, and 20 years.
Millennial’s normally buy life insurance because they wish to protect their spouse, a child, their income, or to cover a mortgage. Most people buy life insurance in their 20’s and 30s because of their families.
Protecting your family is a worry that can be easily be eliminated with the purchase of life insurance.
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!
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