Alzheimer’s Disease Sufferers Can Get Light From Instant Life Insurance Quotes

It’s a pity to know and see that someone in one’s family is suffering from Alzheimer’s disease as he gets older.  However, everyone has to accept the fact that most of those people who are already in their over-the-hill age can be affected by Alzheimer’s disease. Not only it can compromise that specific individual but it can also affect other people as well especially those around him like the members of his family and even his community.  A person with this kind of degenerative disease that attacks the central nervous system will always be in danger.  That’s why, some people who have senior citizens amongst them would try to get a whole life insurance so that that person can be insured.  In case something happens to that person, he won’t have any problem in looking for financial resources for emergency situations. But, the truth is, if a person is already older and is an Alzheimer’s disease sufferer, no life insurance provider will approve his application. If they do, the premium cost would be as high as the sky.  But there are some who have found out an alternative. Instead of looking for whole life insurance quotes, they looked for instant life insurance quotes and they are happy with what they have learned.

What they are actually looking at are quotes for term life insurance.  That means to say that they instead of deciding to buy traditional whole life insurance for someone in their family who is already in his over-the-hill age and has Alzheimer’s disease, they decided that term life insurance of “instant life insurance” is the best alternative and there are many factors that can say this is the best alternative.

For one, when they look at these instant life insurance quotes online, they have found out that the premium cost of term life insurance is almost half lower than that of a whole life insurance policy.  That’s because the term life insurance can only insure a person for a specific span of time as indicated on the term or instant life insurance contract. They can choose from as low as five year term to as high as thirty year term. Since the person to be insured is already 65 years old, they have chosen a five-year term life insurance for him.  They even have applied for it online and that means that it is easier and more convenient to apply for term life insurance.

Another factor is there are no physical and/or medical examinations involved.  The would-be policy holder will just have to answer a few health questions to determine the cost of his instant life insurance and will be based on the instant life insurance quotes posted online.  If the term expires and the person is still around, they can renew his policy with no questions asked.

No Medical Exam Life Insurance For Cancer Patients

Cancer is the wild, disorganized, unrestrained multiplication of rogue cells leading to abnormal growth in a tissue or organ of he body.  Rogue cells sometimes spread to other parts of the body via the circulatory or lymphatic system.  Most adult cancers are associated with the aging process.  Early detection and modern methods of treatment can help cure many types of cancer nowadays from lung cancer, bone cancer, mouth cancer, colon cancer and many more.  Because of early detection and modern treatment methods, cancer can now be prevented into going into the chronic or terminal stage.  If a person has cancer and he is planning to buy whole life insurance, he should try to observe early detection. If not, then, he needs a no medical exam life insurance which is not the traditional whole life insurance but term life insurance.

When talking about whole life insurance and a person with pre-existing medical condition such as cancer will buy for one, he needs to understand that it will not be easy and convenient for him to convince the life insurance providers to approve his application.  Before they can do anything else, he will be required to undergo a series of medical examinations.  When they get the results from these examinations such as ECG, EKG, blood tests, urinalysis, X-ray, to name a few, and they found out that he has cancer, they will determine the stage of the illness. If it’s already in its chronic stage, they will never ever approve his life insurance application. If it’s still in its earliest stages and it can be controlled or healed, prevented or managed effectively, they might consider his life insurance application. But since he already has this illness, the premium cost of whole life insurance will surely expensive.

That’s why, if a person wants an affordable kind of life insurance, he should go for the no medical exam life insurance which is the term life insurance.

Term life insurance is far different from traditional whole life insurance. First and foremost, a person can only be insured for a specific term from as low as five years to as high as twenty or even a thirty-year term life insurance policy. That is the reason why it can be very affordable.  Furthermore, the approval of term life insurance is very fast because there is no medical examination of any sort that is involved.

If the term of such life insurance is expired, the person can renew his term because he has total control over it.  He doesn’t need to worry if he is still young or he is already in his over-the-hill age. He doesn’t have to worry if he is healthy or if he has some pre-existing medical conditions.  With this no medical exam life insurance, for sure, he will be guaranteed of an acceptance or approval from the life insurance provider.

How Much Does Term Life Insurance Cost For Seniors?

When people think of a senior citizen applying for traditional whole life insurance, for sure, they would think that there is no hope for a senior citizen for his application to be approved and processed by the life insurance provider. That is because that applicant would be considered as a high-risk individual for life insurance providers and a few of them might think that that person is just trying to take advantage of the monetary death benefit that his beneficiary will receive in case he will pass away in death.  That is the very reason why many life insurance providers will disregard a senior citizen’s life insurance application.  However, there are some companies offering traditional whole life insurance that are also offering term life insurance for seniors.  If they come across with a senior citizen applying for one, they would highly recommend term life insurance not only because it is affordable but because a senior citizen will only be protected during its term.  So, how much would term life insurance cost for people who are already in their over-the-hill age?

Term life insurance, in the name itself, is a kind of life insurance with limited term and it is up to the applicant with the help and advice of the life insurance agent which term he would choose. He can go for a one-year term life insurance, a five-year term life insurance or even something that can be high as twenty or even a thirty-year term life insurance.  This means to say that if after the term expires, the individual is no longer insured but he can choose to renew his term life insurance policy and continue to be protected by such policy.

Now, going back to how much does term life insurance cost for senior citizens, it really depends on what term the individual has chosen.  For instance, if a 68-year-old male who don’t smoke and is in good health would like to go for a 10-year term life insurance with a $750,000 insurance money, his average monthly premium is around $500.  If he decides to go for either a traditional whole life insurance or a universal life insurance with the same data or information, his monthly premiums would be, more or less, a thousand dollars.  Now, can anyone see the big difference?

The life insurance cost of a senior citizen, to end, depends on his age, his health, lifestyle and the insured money that he wants.  If he goes for lower than $750,000, of course, his premium would be lower but it can be much lower if he goes for term life insurance.