The reality of today’s life insurance marketplace is that many people in their 50’s need life insurance to cover mortgages, family expenses, divorce agreements, business life insurance needs, and much more.
If you are over age 50, life insurance is available from many life insurance companies!
In the past if you were age 50+, the life insurance options available to you were limited. You could choose a short duration term life insurance policy, or pay for a more expensive permanent life insurance policy.
In today’s life insurance marketplace, you have the option of locking in a 30 year term life insurance policy if needed, or you may choose a 5, 10, 15, or 20 year term life policy.
Permanent life insurance policies such as universal life insurance or whole life insurance are available to you as well.
Cheap Life Insurance Over 50:
Cheap life insurance is available from many companies at reasonable rates. It is even possible to lock in a 30 year term life insurance policy for the over 50 life insurance crowd.
Life Insurance Over 50 No Medical
Sometimes, you just want a life insurance policy without the additional hassle of a paramed exam…no problem! While the premiums for no medical life insurance policies are more expensive than underwritten term life insurance policies, over 50 with no medical is available to you.
The good part about a term life insurance policy is that should your needs change and you no longer need the life insurance, simply cancel the life insurance coverage.
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