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| lic jeevan anand
| It's also possible to buy a life insurance policy that does not require a health exam. In exchange for premiums that may be greater than a typical policy, the insurance guarantees acceptance of the insured. The insurer also guarantees that the death benefit will be paid entirely, unless the insured dies of natural causes within the first 2 yrs of. A guaranteed acceptance term life insurance is one such type of plan. While this kind of policy provides the same types of benefits as a policy that requires a medical and blood work, the premiums may be significantly higher. While selecting the most appropriate term life insurance product is important at any age, it is especially important for seniors. A permanent life policy will be in force for the lifetime of the insured, but the premiums will be more expensive. The key to senior life insurance is to make sure the policy is in place before a health problem that may render the insurance unaffordable. Term life will come with lower premiums, but not with all the cash building features. |