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Life Insurance At Age 64Guaranteed issue life insurance is exactly what it sounds like- a policy that is guaranteed no
matter what your health issue. If you've been turned down for life insurance before because of health problems,
then this is the type of insurance that is best for you. With this type of policy, the benefits are graded, which means the
death benefits are limited for the first two years. For example, if you die within the first couple years, the
company may only pay out 25% of the death benefit in the first year and 50% in the second year. By the third year,
the death benefit is usually 100% payable to your beneficiaries. If you have been turned down for life insurance in the past or if you have some health issues and you don't
think you can qualify for a policy, then you should consider guaranteed issue coverage. The first step is to
compare rates for your particular situation. Get a free no obligation quote for guaranteed issue life
insurance and compare multiple quotes from the nation's highest rated carriers. Rates can vary by as much as 70% so it is important to
it definitely pays to compare. Life Insurance At Age 64 - Your OptionsYou have two basic options for life insurance at age 64 - term life insurance and permanent life insurance. Term life insurance is temporary coverage that can last anywhere from one year or as long as 30 years, depending on the company that you choose. Term is very affordable coverage because you can get a lot of coverage for a very reasonable premium. Unlike term insurance, permanent life insurance will last you for your entire lifetime, as long as you continue to pay your premiums. Your policy will also accumulate cash value on a tax-deferred basis. Whole life and universal life are the 2 most common permanent coverage options. Life Insurance At Age 64 - Sample RatesHere are a few sample rates for life insurance at age 64. These are based on a non-smoker with a preferred health rating. Your rate could be lower or higher depending on your situation. $200,000 10 Year Term Life Insurance: 64 Year Old Male - $865 per year $50,000 Level Pay Whole Life Insurance: 64 Year Old Male - $1825 per year Keep in mind that the actual rate that you will pay is going to depend on several variables such as your smoking status, your health history, your family health history, your occupation and hobbies, and even your driving history. Life insurance companies look at all of these things when determining your eligibility for a policy. Life Insurance At Age 64 - Health Problems?Although most 64 year olds have excellent health, there are some people who have pre-existing health conditions from birth or other things that have developed during childhood or the teenage years. In most cases, you can still get affordable rates for life insurance at the age of 64. The type of policy that you can qualify for and the rate you pay will depend on what that particular health issue is. For example,if you have juvenile diabetes, then some insurers will offer you a standard rate if your A1C is 7 and below. If you have some heart problems, then you may only qualify for a guaranteed issue life insurance policy. It is best to speak with an experienced agent about your particular health situation because he or she can guide you towards the best carrier for your needs. Life Insurance At Age 64 - Get Started TodayThe first step when shopping for life insurance at age 64 is to shop around. Whether you need term life quotes or permanent life insurance, rates can vary by as much as 70% from one company to another so it definitely pays to compare. Get a free no obligation quote today and compare multiple quotes for life insurance at age 64. | ||||||
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If you are shopping for life insurance at age 64, then you are
probably concerned about leaving a financial burden on your loved ones. Most shoppers look for life
insurance at the age of 64 so that they can lock in a low rate while they are young and in perfect
health. Many parents will also purchase life insurance for their children at this age. One thing
you can be sure of is that you have plenty of choices for life insurance coverage and the cost is
very affordable. Learn more about your options for life insurance at age 64 and 
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