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Life Insurance Quote No Phone Calls

Life Insurance Quote No Phone Calls

Are you looking for instant life insurance quotes online without phone calls?

Perfect! You landed on the right page. I will put the quote engine below without the contact information fields so you can shop the rates from the top 10 life insurance companies without providing any personal contact information.

Sound good?

Life Insurance Quote No Phone Calls

Life insurance quotes without personal information

Nearly every site on the web will only provide life insurance quotes after you enter your contact information so they can contact you via phone calls, text and email.

Then there are other the sites that won’t show you the instant quotes even after you enter your contact information. They imply you will see the rates once you complete some basic online questions that include your healthy history and contact information and then it states that an agent will be contacting your shortly to complete the quote. The agent then gives you a call and goes over the information you inputted online then provides the quotes you requested.

I wanted to break the mold and provide instant life insurance quotes without personal information.

You likely heard the proverb “It’s better to give than to receive” which is the verse I try to follow and I will provide below by allowing anyone to run as many life insurance quotes as they like and not have to provide any personal information. Just instant online life insurance quotes anonymouslyno phone calls, no emails, no texts. Finally, right!

Below our life insurance quote engine will provide:

  • Anonymous life insurance quotes
  • Online life insurance quotes no phone calls
  • Term life insurance quotes without personal information
  • Whole life insurance quotes online without personal information
  • Universal life insurance quotes without personal information
  • No exam online without personal information
  • Senior life insurance quotes without personal information
Get Online anonymous life insurance quotes

Life Insurance Quote No Email

Life Insurance Quote No Email

Just as above, in the sections Life Insurance Quote No Phone Calls, we do the same by offering Life Insurance Quote No Email. Same details apply as with no phone calls.

Why are you showing all the life insurance rates without asking for any contact information?

I believe if you are able to provide massive value to the consumer the rest will fall into place. I know when I shop for a product or service I want to be able to anonymously do my research and see the rates, details, comparisons and reviews before ever speaking to a salesperson. I want to provide the same opportunity for the life insurance shopper and consumer.

Insurance agents, especially life insurance agents notoriously have a bad reputation and often rightly so. You’re probably have a picture in your mind of Willy Loman.

Truth be told, there are about 500k life insurance agents in America today 2022. Most, if not all of them work on commission or a salary plus commission/bonus. That is why when you go online and seek quotes the website is going to ask for your contact information.

What if you could compare life insurance insurance quotes without giving personal contact information? Well, now you can! Run as many quotes as you like. Compare different coverage amounts, policy lengths and health classes at your own pace.

Compare term life insurance quotes without personal information from these companies:

  • AIG
  • Principal
  • Pacific Life
  • Protective Life
  • SBLI
  • North American Life Insurance Company (ANICO)
  • Mutual of Omaha
  • Transamerica
  • Banner Life
  • Prudential
  • Ameritas
  • Foresters
  • Sagicor

Dave Ramsey- Term vs Whole Life Insurance

Key Points When Receiving Anonymous Life Insurance Quotes

Key Points to know when Receiving anonymous Life Insurance Quote

Choosing The Correct Amount Of Life Insurance Coverage

The first part and the most important part of the equation in life insurance is choosing the correct amount of life insurance coverage to protect your beneficiary(s).

Life insurance is meant to replace your future lifetime earnings that would have been earned if you had not prematurely pass away.

Many people are unaware that every insurance has maximum amount of life insurance one can have based on their income. It’s called Multiple of Income Guidelines. They are pretty much the same for every company, however some are a little more favorable than others. The reason why life insurance have these guidelines is because they don’t want someone to be worth more dead than alive.

Here is a sample multiple of income guidelines from AIG:

multiple of income guideline from AIG,
maximum amount of life insurance you can get based on income

Just because a like insurance allows an individual to have 25x their annual income in life insurance, doesn’t mean you have to necessarily need that much life insurance. In fact, financial experts such as Dave Ramsey, Clark Howard and Suze Orman typically recommend 10-20x your annual income in life insurance coverage.

A good rule of thumb many agents use is to have 10x your annual income in life insurance. This would provide tens years of income tax free income replacement that you would have earned payable to your family at the time of your death.

This is just a general rule and everyone and every situation is different. It’s best to do a needs analysis to do a deeper dive into which amount is optimal for your situation and beneficiary(s).

Dave Ramsey- Why You Need 10x Of Your Income In Life Insurance

Choosing The Correct Term Length

Choosing the right length of the policy is second part of the life insurance equation. Most companies offer:

  • 10 Year Term
  • 15 Year Term
  • 20 Year Term
  • 25 Year Term
  • 30 Year Term
  • Lifetime

When deciding on which term to choose, most people take into consideration when they will be self insured. This is when the kids grown, the house paid off, you’re retired, have substantial assets, etc. Depending on your age at stage in life, many people choose a 20 or 30 year, especially if they are younger with dependent children. This is because they planning on working until retirement age at around 65 years old.

For those in their 50’s or 60’s, they may only need a 10, 15 or 20 year term to get them until retirement age, debts including the mortgage are paid off, etc. Also, if a senior passes away, the surviving spouse will be able to collect social security if they are over the age of 62.

Other needs for like insurance such as an:

The 10 year level term is a preferred term length for these life insurance needs. Of course every situation is different.

no phone calls or emails allows you to get the best rates on life insurance

Choosing The Correct Health Class

The third part of the equation when it comes to getting online life insurance quotes no phone calls is to choose your health class. Below are some basic guidelines to help you choose the right rating class.

  1. There are four main health classes, Preferred Plus, Preferred, Standard Plus and Standard. There is where speaking to an agent does come handy, as they can know guidelines and can assist you with the health class. With that being said, here is a general guideline for each health class.
    • Preferred Plus– excellent health, excellent build height/weight, no or maybe one medication, etc.
    • Preferred– in great health maybe one or several medications, build (height/weight) is good just not in the Preferred Plus category. Possibly a parent died of health disease or cancer before the age of 60.
    • Standard Plus– Can have several health issues. Some companies offer well-controlled diabetics a standard plus rate, also some cancer survivors many years after treatment with some carriers may qualify for standard plus, also your height/weight puts many people in this third best health class, standard plus.
    • Standard– This is the average health class. Height/weight, medical history such as cancer or other issues puts someone in this category. It’s not bad, it just indicates a rate for a person in normal health who does not have any medical or lifestyle condition which would increase their future risk of dying,
  2. The health classes can go either in your favor or not. I’ve had countless people tell me they don’t think they will qualify for Preferred Plus, the best rate class, and I placed them with the right company and they were approved at the Preferred Plus rate. Others, have major health issues such as a heart attack in the past but are health now and think they should qualify for Preferred rates. Do your best and if you have any questions give me a call or send me an email.

How To Get Free Term Life Insurance Quotes Without Personal Information

  1. Use our quoter that will not ask for any contact information to return instant life insurance rate quotes from the top 10+ companies such as: AIG, Prudential, Mutual of Omaha, Pacific Life, Prudential, Protective Life, Banner Life, SBLI, Sagicor and more.
How to get Life Insurance Quote No Phone Calls or emails

2. After you click Display Quotes, you will see all the companies and their rates.

Life insurance quote results, no phone call or email, just the rates anonymously

3. If you would like more information about a policy or like to apply, click on Apply button, put in some basic information and I will call you to complete.

If like a quote can hit Apply button to complete and get more information

It’s really that simple!

Finally you are able to receive:

Life insurance quotes no phone calls

Life insurance quotes no email

Life insurance quotes without giving name

Life insurance quotes without contact information

Whole life insurance quotes without phone calls

Universal life insurance quotes without personal information

Senior life insurance quotes without personal information

Anonymous life insurance quotes

Compare Rates From the Top Carriers Using the Instant Quoter

Instant Bestow Life Insurance Quotes

No need to speak to an agent in person or over the phone, no blood tests or labs, no underwriting phone interviews, no waiting for medical records. A 100% online DIY digital application with an immediate decision and final rate. Same-day coverage, if approved.

  • Coverage between: $50K-$1.5M in life insurance coverage (depending on age)
  • All terms available: 10, 15, 20, 25, 30 year level term options (depending on age)
  • Ages: 18-60 years old
  • A+ Superior rated insurance company (North American- founded in 1886)

About

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Instant Issue Life Insurance

Bestow Term Life Insurance Rates by Age Chart 2022

Are you looking to compare Bestow’s instant no-exam term life insurance rates to their top competitors?

Perfect! We can help you with that.

In the post below, we’ll show you Bestow’s term life rates by age as well as a chart with the rates from Bestow’s top instant life insurance with no-exam competitors.

Bestow Life Insurance Rates by Age Chart: 20-24

Below are the monthly rates (quotes) for Bestow instant no exam term life insurance policy for ages: 20-24 for: $100k, $250k, $500k and $1 million coverage amount.

Age Gender $100k $250k $500k $1 million
20Male$10$15$22$38
20Female$7$8$10$14
21Male$10 $15 $22 $38
21Female$7 $8 $10 $14
22Male$10 $15 $22 $38
22Female$7 $8 $10 $14
23Male$10 $15 $22 $38
23Female$7 $8 $10 $14
24Male$10 $15 $22 $38
24Female$7 $8 $10 $14
Bestow term life insurance policy monthly rate premiums for ages 20-24 man and woman

Bestow Life Insurance Rates by Age Chart: 25-29

Below are the monthly rates (quotes) for Bestow instant no exam term life insurance policy for ages: 25-59 for: $100k, $250k, $500k and $1 million coverage amount.

Age Gender $100k $250k $500k $1 million
25Male$10$15$22$38
25Female$7$8$10$14
26Male$10 $15 $22 $38
26Female$7 $8 $10 $15
27Male$10 $15 $22 $38
27Female$8$8 $10 $16
28Male$10 $15 $22 $38
28Female$8$9$11 $22
29Male$10 $15 $22 $38
29Female$8$9 $11$17
Bestow term life insurance policy monthly rate premiums for ages 25-29 man and woman

Bestow Life Insurance Rates by Age Chart: 30-34

Below are the monthly rates (quotes) for Bestow instant no exam term life insurance policy for ages: 30-34 for: $100k, $250k, $500k and $1 million coverage amount.

Age Gender $100k $250k $500k $1 million
30Male $10 $15 $22 $38
30Female $7 $8 $10 $18
31Male$10$15$22$38
31Female$8$10$12$19
32Male$10$15$22$38
32Female$8$10$12$19
33Male$10$15$22$38
33Female$8$10$14$20
34Male$10$15$22$38
34Female$9$10$14$21
Bestow term life insurance policy monthly rate premiums for ages 30-34 man and woman

Bestow Life Insurance Rates by Age Chart: 35-39

Below are the monthly rates (quotes) for Bestow instant no exam term life insurance policy for ages: 35-39 for: $100k, $250k, $500k and $1 million coverage amount.

Age Gender $100k $250k $500k $1 million
35Male$11$16$24$42
35Female$9$12$15$24
36Male$12$18$26$46
36Female$9$13$17$27
37Male$12$20$28$50
37Female$9$13$17$27
38Male$12$21$30$54
38Female$10$15$20$34
39Male$14$22$32$58
39Female$11$16$22$37
Bestow term life insurance policy monthly rate premiums for ages 35-39 man and woman

Bestow Life Insurance Rates by Age Chart: 40-44

Below are the monthly rates (quotes) for Bestow instant no exam term life insurance policy for ages: 40-44 for: $100k, $250k, $500k and $1 million coverage amount.

Age Gender $100k $250k $500k $1 million
40Male$14$24$34$62
40Female$11$18$23$41
41Male$15$25$36$66
41Female$12$19$25$44
42Male$15$27$38$70
42Female$12$20$27$48
43Male$16$29$40$73
43Female$13$21$29$51
44Male$17$30$42$77
44Female$13$22$30$55
Bestow term life insurance policy monthly rate premiums for ages 40-44 man and woman

Bestow Life Insurance Rates by Age Chart: 45-49

Below are the monthly rates (quotes) for Bestow instant no exam term life insurance policy for ages: 45-49 for: $100k, $250k, $500k and $1 million coverage amount.

Age Gender $100k $250k $500k $1 million
45Male$18$33$45$85
45Female$14$24$32$59
46Male$19$36$50$93
46Female$15$26$35$64
47Male$20$39$53$101
47Female$16$28$37$68
48Male$21$41$57$109
48Female$17$30$40$73
49Male$23$45$61$141
49Female$17$32$42$77
Bestow term life insurance policy monthly rate premiums for ages 45-49 man and woman

Bestow Life Insurance Rates by Age Chart: 50-54

Below are the monthly rates (quotes) for Bestow instant no exam term life insurance policy for ages: 50-54 for: $100k, $250k, $500k and $1 million coverage amount.

Age Gender $100k $250k $500k $1 million
50Male$24$56$65$125
50Female$18$34$45$83
51Male$25$50$69$132
51Female$19$36$48$89
52Male$26$53$73$140
52Female$20$38$50$94
53Male$27$56$77$148
53Female$21$40$53$100
54Male$29$59$81$156
54Female$22$42$56$106
Bestow term life insurance policy monthly rate premiums for ages 50-54 man and woman

Bestow Life Insurance Rates by Age Chart: 55-59

Below are the monthly rates (quotes) for Bestow instant no exam term life insurance policy for ages: 55-59 for: $100k, $250k, $500k and $1 million coverage amount.

Age Gender $100k $250k $500k $1 million
55Male$30$62$85$164
55Female$22$43$58$111
56Male$31$64$89$172
56Female$23$45$61$116
57Male$32$67$93$179
57Female$24$47$65$123
58Male$34$70$101$196
58Female$25$49$72$138
59Male$36$73$115$224
59Female$27$51$78$151
Bestow term life insurance policy monthly rate premiums for ages 55-59 man and woman

*Date of birth used is 6/15. For male, 5’11” 180 lbs, non-tobacco, excellent health, good credit. For female, 5’4 140 lbs, non-tobacco, excellent health, good credit. Rates are for a 10-year level term. Rates as of 12/15/202

Bestow Life Insurance vs. Ethos Life vs. Ladder Life vs. Sproutt Life Insurance vs. Haven Life (Haven Simple): 500k Life Insurance No Medical Exam

The table below compares the monthly term life insurance rates between: Bestow Life Insurance vs. Ethos vs. Ladder Life vs. Sproutt vs. Haven Life (Haven Simple) for $500k life insurance no medical exam policy for a 20-year level term.

CompanyRatingExamTerm$500k of coverage
BestowA+No20-Year$52
EthosA+No20-Year $68
SprouttANo20-Year $73
Ladder LifeA+No20-Year $86
Haven LifeA++No20-Year $92
Bestow Life vs. Ethos vs. Ladder Life vs. Sproutt vs. Haven Life monthly premium rates for $500k life insurance no medical exam 20-year term

*Rates for a 45 year old male, D.O.B. 6/15/1976. Excellent: health, height & weight, credit, driving record, non-tobacco user. Rates as of 12/15/2021

As you can see in the table above, a $500k no medical exam life insurance policy for a 20-year level term, for a 45-year old male, at the top rate class, from a Superior rated company is only $52 month. This policy is a 100% instant no exam term life insurance policy with a final decision, rate and coverage in about 9 minutes.

Bestow Life Insurance Pricing Secret15 Year & 20 Year Term

Bestow’s life insurance rates on their 15-year and 20-year level terms are often not much more than their 10-year level term. Take a look at an example below:

Below are the rates for a 40-year old female at the best health class:

$500k 10-year term: $23 month

$500k 15-year term: $27 month

$500k 20-year term: $29 month

Below are the rates for a 45-year old male at the best health class:

$500k 10-year term: $45 month

$500k 15-year term: $51 month

$500k 20-year term: $52 month

As you can see, with Bestow life insurance, most people can lock in a 15-year or 20-year term for only a few dollars more a month than a 10-year term.

Chart Takeaways- Bestow Life Insurance: Ages 20-30

  • As you can see in the table above, a $100k term life insurance with Bestow is a low as $10 month for a 20-year old male and $7 month for a 20-year old female. This is for someone that is in excellent health. For a $250k 10-year level term life insurance policy for a $8 month for a female and $15 month for a male. These rates are the absolute lowest in the entire country, from every life insurance company for $250k, $500k and $1 million policy amount for a 20 year old female! The rates from Bestow for a 20 year old woman cost less than top insurance companies such as: Banner Life, Pacific Life, AIG, Prudential, Protective Life, New York Life, Haven Life, Lincoln National, Northwestern Mutual, Ethos and the rest.
  • As you can see in the table above a 22-year old female can lock in a $500k instant-decision term life insurance policy with no exam for $10 month and a $1 million policy for $14 month. This is the absolute lowest rate in the country, even less than the other top companies that require a medical exam and or phone interview with the insurance company as part of the application process.
  • A healthy 28-year old woman, can secure a $500k instant-issue term life insurance with no-exam for just $11 month or only $132 a year. A million no-exam policy with Bestow for a 28-year woman is only $16 month or $192 year, for a 10-year level term policy. A $1 million 20-year term policy for a 28-year old woman from Bestow is only $26 month.

Chart Takeaways- Bestow Life Insurance: Ages 30-40

  • The rates for a 30-year old man in excellent health, range from $10 month for a $100,000 10-year term up to $38 month for a $1 million policy. The same policy for a 30-year old woman in excellent health, range from $7 month for a $100k 10-year term to $18 month for a one million policy.
  • As you can see in the table above, a $500k instant-issue term life insurance no-exam on a 10-year term is only $15 month for a 35-year old woman in excellent health and $24 month for a 35-year old male.

Chart Takeaways- Bestow Life Insurance: Ages 40-49

  • As you can see in the table above, a $250k 10-year term policy with Bestow costs $18 month for a 40-year old female in excellent health and $24 month for a 40-year old male in excellent health.
  • As you can see in the table above, the rates for a 47-year old female are as low as $16 month up to $68 for a 10-year term from $100k to $1 million policy.

Chart Takeaways- Bestow Life Insurance: Ages 50-60

  • As you can see in the table above, a $100k 10-year term policy with Bestow costs $18 month for a 50-year old female in excellent health and $24 month for a 40-year old male in excellent health.
  • As you can see in the table above, the rates for a 55-year old male range from $30 month for a $100k policy up to $164 month for a $1 million policy. A 55-year old female can secure a $100k policy for as low as $22 month and get a $1 million policy for as low as $111 month.

Bestow Life Insurance- Rates Compared To Competitors

Bestow sample rates for $500 10-year term vs. competitors
Bestow Life Insurance has the lowest rate in the country for a woman in her 20's in excellent health
Bestow literally has the lowest rate in the entire country for a 24-year old female for a $500k 10-year term policy.

As you can see in the list above, Bestow has the lowest rate in the nation. Bestow’s life insurance application is instant-issue with no medical exam. Compare this to the other companies such as: Banner Life, Lincoln National, Pacific Life, AIG, Symetra, SBLI and Transamerica that either require a medical exam or phone interview. The underwriter could also request your medical records from these insurers unlike Bestow which provides and instant-decision one you submit your application.

Compare this to the Bestow life insurance application which is 100% online and takes about 10 minutes. There is no medical exam, phone interview or waiting for medical records.

Bestow Term Life Insurance Application & Underwriting

The underwriting for Bestow’s term life insurance policy is quick and easy. There is no medical exam, no phone interview and no waiting for medical records. The quotes and application are entirely online and a final decision is provided once you complete the application. The application process with Bestow takes about 9 minutes from quotes to an active term life insurance policy.

The online application asks these health and lifestyle questions:

  • In the past 6 months, have you lost more than 10 pounds?

Yes or No

  • In the past 12 months, have you used cigarettes, E-cigarettes, pipes, vapor products, snuff, chewing tobacco, nicotine gum or nicotine patches?

Yes or No

  • Have you ever tested positive for HIV through Western Blot Assay and ELISA at the direction of an insurance company or been medically diagnosed as having AIDS?

Yes or No

  • In the past 12 months, have you received disability payments?

Yes or No

  • In the past 12 months, has a medical professional advised you to have:

Surgery

Any test or procedure

None of the above

  • In the past 10 years, have you been diagnosed or treated by a medical professional for:

Heart Disease

Organ Transplant

Peripheral arterial disease

Chronic kidney disease

Liver cirrhosis

Chronic obstructive pulmonary disease (COPD)

Aneurysm

Huntington’s disease

Amyotrophic lateral sclerosis (ALS)

Cardiomyopathy

Chronic hepatitis

Multiple sclerosis

Sickle cell anemia (not trait)

Systemic Lupus

Depression or other mental health impairment

Cancer

Alcohol abuse

Chest pain

Diabetes

Stroke or mini-stroke/TIA

Seizure disorder

None of the above

  • Have you had a biological parent die before age 60 from any of the following:

Heart disease

Melanoma

Colon cancer

Ovary or breast cancer

None of the above

  • Are you currently admitted to a:

Hospital

Long-term care facility

Hospice

None of the above

  • In the past 12 months have you been:

Confined to a wheelchair

Diagnosed or treated by a medical professional for memory impairment

Required to use supplemental oxygen

Assisted or supervised with dressing, eating, bathing or walking

None of the above

  • In the past 30 days, have you been diagnosed or treated by a medical professional for COVID-19?

Yes or No

  • Are you a U.S. Citizen?

Yes or No

  • Where were you born?

The U.S. or U.S. Territories

Elsewhere

  • In the next 12 months, do you plan to reside or travel outside of the United States?

Yes or No

  • Do you have any life insurance or annuities currently in force or pending?

Yes or No

  • Employment status:

Working full-time

Working part-time

Full-time student

Part-time student

Stay at home spouse or partner

Not working

Retired

  • Let’s calculate your income:

You are paid

  • In the next 2 years, do you plan to:

Pilot an airplane

Scuba dive

Race a motor vehicle

Mountain or rock climb

Skydive

None of the above

  • In the past 2 years, have you been declined for life insurance?

Yes or No

  • In the past 10 years, have you been convicted, pleaded guilty to or have charges pending for a:

Misdemeanor

Felony

DUI/DWI for alcohol or drugs

None of the above

  • How many alcoholic drinks do you have per week?

Enter number

  • In the past 12 months, have you used any form of marijuana?

Yes or No

  • In the past 10 years have you used cocaine, methamphetamines, heroin, opioids, hallucinogens or any controlled substance not prescribed to you by a physician?

Yes or No

The Bestow Application Process

The no exam term life insurance application with Bestow only takes about nine minutes, is entirely online and provides and instant-decision once submitted.

About Bestow Life Insurance application process, how it works

How is Bestow Instant-Decision No Medical Term Life Insurance Different Than Other No Medical Exam Life Insurance?

Bestow’s term life insurance application is 100% online with no:

  • Medical exam
  • Phone interview
  • Medical records
  • Need to speak to an agent

Bestow is different than most no-exam term life insurance applications. Most no-exam applications require a phone interview and possibly a medical records request before a final decision is made.

Is There A Waiting Period With Bestow Life Insurance?

No, once you provide payment and activate your policy you are covered immediately for the full death benefit. The only exclusions suicide in the first two years as well as a two year contestabilty clause if you were not honest on your application.

These are the same two exclusions that every term life insurance policy has, whether it’s a fully-underwritten or instant-decision application.

Is Bestow Insurance Legit?

Yes, Bestow Life Insurance is legit. Bestow Life Insurance is underwritten and held by North American Company for Life and Health Insurance which is A+ Superior (the highest category) rated by A.M. Best and has been in business since 1886. North American paid out nearly $600 million in death claims last year alone.

Bestow Insurance has an A+ rating with the BBB and a 4.7 out of 5 on Trustpilot with 780+ reviews.

Is Bestow Life Insurance Any Good?

Yes. Bestow Life Insurance has very competitive rates compared to a fully-underwritten life insurance application, especially on their 15 and 20 year term. In fact, Bestow (North American Life) actually had the absolute lowest rate in the entire country for a woman in her early 20’s on a $100k and $250k policy.

For those that are between the ages of 18-60 and generally have good health, no adverse credit or other underwriting issues, Bestow is very good for those looking for a fast and convenience life insurance application process.

Bottom Line

As you can seen in the Bestow Term Life Insurance Rates by Age Chart, rates range from $7 month to $224 month for those in excellent health looking for $100k up to $1million in coverage on a 10-year term, dependent on your age, gender, health, build, lifestyle and smoking status.

The major advantage that Bestow has over other accelerated underwriting life insurance is that there is never a medical exam, phone interview, medical records request for underwriting or even the need to speak to an agent. The process is 100% online, which may people prefer in this day and age.

As you can see, Bestow often has the best rates in the country for instant-issue no exam term life insurance compared to their competitors.


FAQ

Are Bestow life insurance rates fixed?

Yes. Bestow offers level term life insurance. This means the rate is fixed for the term you select. You can choose either: 10, 15, 20, 25 or 30 year, just depending on your age.

Is there a penalty to cancel early?

No. You can cancel anytime without a penalty.

Is there a conversion option?

No. Once your term is over the policy expires.

How long does the entire process take with Bestow Life Insurance?

The application process with Bestow takes on average amount 9 minutes.

Does Bestow Life Insurance have any exclusions?

Yes. Bestow insurance has the same two exclusions that all term policies have. A two-year contestability clause if you lied on your application as well as a two-year suicide clause.

Is Bestow Life Insurance a good deal?

Yes. For those that do not want to do a medical exam or phone interview with the insurance company or even speak to an agent, Bestow is an excellent deal. In fact, Bestow has lower rates than with the exam for younger applicants in excellent health.

What is Bestow Life Insurance rating?

Bestow itself is not the insurance company, rather their policies are underwritten by North American Company for Life and Health Insurance which is A+ (Superior) rated by A.M. Best and has been in business since 1886.

How much is Bestow term life insurance?

Bestow term life insurance rates range from $7 month up to $224 month or more depending on your age, gender, health, lifestyle and tobacco usage.

Instant Bestow term life insurance quotes

Receive instant no-exam term life insurance quotes from Bestow by using the quoter below.

Categories
Underwriting

Does Life Insurance Cover the Omicron COVID-19 Variant?

If you are looking to see if life insurance will cover the new the omicron variant (B.1.1.529), the latest COVID-19 strain, then you have come to the right place.

Below, I’ll answer all your questions about life insurance and the omicron COVID-19 variant.

Does my current life insurance policy cover the omicron variant (the latest COVID-19 strain)?

Yes, nearly every life insurance policy will cover death from COVID-19 including the new omicron variant.

Most life insurance policies only have two exclusions; a two-year contestabitlity clause (meaning the insurance company can contest the claim if you died in the first two years of the policy and you were not honest on the application, called material misrepresentation) and also there is a two-year suicide clause (meaning the policy will not pay out if death results from suicide in the first two-years of the policy).

Other than those two exclusions, any type of death is covered including COVID-19 and any variants.1

Can I purchase a new life insurance policy that will cover COVID-19, including the Omicron variant?

Yes, currently life insurance policies purchased today will cover the omicron variant as well as the other COVID-19 strains. Once you are approved and make the first payment to activate the policy (called placing the policy in force) you would be covered any type death1 including from COVID and the omicron variant.

Also, once a policy is in force, any future changes in your health will not affect the current policy.

Do life insurance companies ask about COVID-19?

Yes, while most life insurance policies will cover death resulting from COVID and any variants, most life insurance companies will now ask on the application about recent treatment and if you are currently experiencing symptoms of COVID such as a fever or shortness of breath.

Do I need to be tested for COVID-19 and the omicron variant to get life insurance?

No, most life insurance companies currently do no require COVID testing to purchase life insurance.

Do I need to be vaccinated to be covered for life insurance for the Omicron COVID-19 variant?

No, most life insurance companies currently do not require you to be vaccinated in order to qualify for life insurance. Likewise, vaccination status is not a factor in paying out a claim.

Do I need a medical exam to get life insurance in order to be covered for the omicron variant?

No, a medical exam is not required to purchase a life insurance policy for most people (dependent on your health and several other underwriting factors). The insurance company will ask if you are experiencing any current symptoms of COVID and about previous exposure (typically in the last 30 days) to COVID-19 but if you are fully recovered and in good health, then you are likely able to purchase life insurance without the paramed exam.

What is the quickest and easiest way to buy a new policy to cover me for the omicron COVID variant?

The fastest and easiest way to purchase life insurance for those in good health is with a no-medical exam policy. The application is 100% online and only requires answering several health and lifestyle questions. Same-day coverage is offered to the majority of applicants.

What are some good life insurance companies that cover the omicron variant that can be purchased quickly and easily?

Below are two excellent companies that offer a 100% online application and no-medical exam underwriting. The application process is very fast and convenient, same-day coverage is available for most applicants that are in good health and meet the underwriting criteria. You do not even have to speak to an agent (unless you want to).

Bestow

Available Coverage: $50k to $1.5 million

Type: Level term life insurance

Terms Available: 10, 15, 20, 25 and 30 year level

Underwritten by: North American Company for Life & Health Insurance

A.M. Best Rating: A+ Superior (North American Life)

Founded: North American Life (1886)

Available Ages: 18-60

COVID-19 Question on Application: “In the past 30 days, have you been diagnosed or treated by a medical professional for COVID-19?”

‘Diagnosed or treated’ means you have had (within the past 30 days) a positive test result for COVID-19 (SARS-CoV-2) or been treated by a medical practitioner for symptoms of COVID-19. A vaccine to prevent disease is not considered treatment for COVID-19.

Process: 100% online, no medical exam, no phone interview, no medical records, whole process takes about 9-12 minutes. Compare rates and then apply for an instant decision and instant coverage, if approved.

Advantages: Coverage is from an A+ Superior rated company that has been in business since 1886. Unlike most other no-exam life insurance policies, with Bestow there is no phone interview, no medical records request or need to speak to an agent to as part of the application process. This enables the whole application to take less than 15 minutes, from quote to active coverage (if approved). Rates are very affordable.

(No contact information is needed for quotes)

Ethos

Available Coverage: $5k to $2 million

Type: Level term life insurance, simplified issue term life, increasing simplified issue term life, whole life and guaranteed acceptance whole life (two-year waiting period)

Terms Available: 10, 15, 20, and 30 year level, simplified issue level term life, increasing simplified issue term life, whole life and guaranteed acceptance whole life (two-year waiting period)

Underwritten by: Banner Life Insurance Company for level term, Ameritas and TruStage-CMFG Life Insurance Company for simplified issue and whole life

A.M. Best Rating: Banner Life- A+ Superior, Ameritas and CMFG are A Excellent rated

Founded: Banner Life (Legal & General) 1836, Ameritas 1887, CMFG 1935

COVID-19 Question on Application: “In the last 30 days, have you been diagnosed with, been treated for, or sought testing or consultation, or do you intend to seek testing or consultation with a member of the medical profession for Coronavirus including COVID-19, or for fever, or cough, or shortness of breath?”

Process: 100% online, no medical exam, same-day approval for the majority of applicants.

Advantages: Level term life insurance with rates that are affordable and coverage that goes up to $2 million without a medical exam from an A+ Superior rated company that has been in business since 1836.

(No contact information is needed for quotes)

1 Most life insurance policies have two exclusions; a two-year contestability clause (material misrepresentation) and a two-year suicide clause. Check your policy for specific details, any additional exclusions as it can vary depending on the company or any amendments.

*This article is for informational purposes only. Please take a look at your specific policy and or ask your agent or insurance company for the details of your individual policy.

Categories
Life Insurance Company Ratings

Life Insurance Company Ratings 2021

Life Insurance Company Ratings 2021

Life insurance company ratings 2021 are one of the most important things you should look at when choosing an insurer to protect your beneficiaries. Specifically, you want to look at a life insurance company’s A.M. Best rating. A.M. Best is the preeminent life insurance rating agency. A great rule of thumb is to choose a life insurance company with an A- (Excellent) or better (Superior) from A.M. Best.

Below are the life insurance ratings for the top 500 insures in America in 2021. The first column is the insurance company name, then the home state of the insurer, third column is the most important- A.M. Best rating, then S&P rating, Moody’s, Fitch, KBRA and last column are the insurance companies Comdex scores.

Company NameStateBestS&PMoody’sFitchKBRAComdex
Rating
        
1          Northwestern Mutual Life InsWIA++AA+AaaAAA 100
2          New York Life Ins CoNYA++AA+AaaAAA 100
3          New York Life Ins & AnnDEA++AA+AaaAAA 100
4          Berkshire Hathaway Life NEA++AA+   100
5          General Re Life CorporationCTA++AA+   100
        
6          Northwestern Long Term WIA++AA+AaaAAA 100
7          Teachers Ins & Ann AssocNYA++AA+Aa1AAA 99
8          USAA Life Ins CoTXA++AA+Aa1  99
9          TIAA-CREF Life Ins CoNYA++AA+Aa1AAA 99
10         Berkshire Life Ins CoMAA++AA+ AA+ 99
        
11         USAA Life Ins Co of NYNYA++AA+Aa1  99
12         Massachusetts Mutual Life MAA++AA+Aa3AA+ 98
13         State Farm Life Ins CoILA++AAAa1  98
14         Guardian Life Ins Co of AmerNYA++AA+Aa2AA+ 98
15         Knights of ColumbusCTA+AA+   98
        
16         Guardian Ins & Ann Co IncDEA++AA+Aa2AA+ 98
17         C.M. Life Ins CoCTA++AA+Aa3AA+ 98
18         MML Bay State Life Ins CoCTA++AA+Aa3AA+ 98
19    State Farm Life & Acc ILA++AAAa1  98
20         Allianz Life Ins of New YorkNYA+AA   97
        
21         Sun Life & Health Ins Co USMIA+AA   97
22         CSI Life Ins CoNEA+AA   97
23         Sun Life AssurCNA+AAAa3AA 96
24         Minnesota Life Ins CoMNA+AA-Aa3AA 96
25         Great-West Life & AnnCOA+AAAa3AA 96
        
26         American United Life Ins CoINA+AA-   96
27         Hannover Life Reassur AmerFLA+AA-   96
28       Western-Southern Life Assur OHA+AA-Aa3AA 96
29     Swiss Re Life & Health MOA+AA-Aa3  96
30     Western & Southern Life Ins OHA+AA-Aa3AA 96
        
31         Integrity Life Ins CoOHA+AA-Aa3AA 96
32         State Life Ins CoINA+AA-   96
33         Munich American Reassur CoGAA+AA-   96
34         Lafayette Life Ins CoOHA+AA- AA 96
35         National Integrity Life Ins CoNYA+AA-Aa3AA 96
        
36         Columbus Life Ins CoOHA+AA-Aa3AA 96
37         Lincoln Life Assur of BostonNHA+AA-   96
38         Great-West Life & Ann NYNYA+ Aa3AA 96
39         Securian Life Ins CoMNA+AA-Aa3AA 96
40         SCOR Global Life USA Re CoDEA+AA-   96
 Best S&P Moody’sFitch  KBRA Comdex
41         SCOR Global Life Re Co of DEDEA+AA-   96
42         The Penn Ins and Ann Co of NYNYA+ Aa3 AA96
43         Metropolitan Life Ins CoNYA+AA-Aa3AA- 95
44         Prudential Ins Co of AmericaNJA+AA-Aa3AA- 95
45         Pruco Life Ins CoAZA+AA-Aa3AA- 95
        
46         Prudential Retirement Ins&AnnCTA+AA-Aa3AA- 95
47         Prudential Annuities Life AssurAZA+AA- AA- 95
48         Metropolitan Tower Life Ins CoNEA+AA-Aa3AA- 95
49         Pruco Life Ins Co of NJNJA+AA- AA- 95
50         Banner Life Ins CoMDA+AA- AA- 95
        
51         William Penn Life Ins Co of NYNYA+AA- AA- 95
52         SCOR Global Life Americas ReDEA+AA- AA- 95
53         Allianz Life Ins Co of NAMNA+AAA1  94
54         John Hancock Life Ins Co (USA)MIA+AA-A1AA- 93
55         Pacific Life Ins CoNEA+AA-A1AA- 93
        
56         RiverSource Life Ins CoMNA+A+Aa3  93
57         Penn Mutual Life Ins CoPAA+A+Aa3 AA93
58         John Hancock Life Ins Co of NYNYA+AA-A1AA- 93
59         John Hancock Life & Health InsMAA+AA-A1AA- 93
60         Amer Fam Life Assur ColumbusNEA+A+Aa3  93
        
61         Pacific Life & Ann CoAZA+AA-A1AA- 93
62         Penn Ins & Ann CoDEA+A+Aa3 AA93
63         RiverSource Life Ins Co of NYNYA+A+Aa3  93
64         Primerica Life Ins CoTNA+AA-A1  93
65         First Reliance Standard LifeNYA++A+   93
        
66         Protective Life & Ann InsALA+AA- A+ 92
67         HCC Life Ins CoINA++A+ AA- 92
68         Lincoln National Life Ins CoINA+AA-A1A+ 91
69         Protective Life Ins CoTNA+AA-A1A+ 91
70         Fidelity Investments Life InsUTA+A+   91
        
71         Lincoln Life & Ann Co NYNYA+AA-A1A+ 91
72         American Life Ins CoDENRAA-A1  91
73         West Coast Life Ins CoNEA+AA-A1A+ 91
74         Empire Fidelity Investments LifeNYA+A+   91
75         Ann Investors Life Ins CoOHA+A+   91
        
76         Companion Life Ins CoNYA+A+   91
77         Amer Fam Life Assur Co of NYNYA+A+   91
78         Vantis Life Ins CoCTA+AAa3 AA91
79         United World Life Ins CoNEA+A+   91
80         Principal Life Ins CoIAA+A+A1AA- 90
   BestS&P Moody’s  Fitch Comdex
81         Nationwide Life Ins CoOHA+A+A1  90
82         Nationwide Life & Ann InsOHA+A+A1  90
83         United of Omaha Life Ins CoNEA+A+A1  90
84         Wilton Reassur CoMNA+  A+ 90
85         Mutual of Omaha Ins CoNEA+A+A1  90
        
86         Wilco Life Ins CoINA+  A+ 90
87         Texas Life Ins CoTXA+  A+ 90
88         Wilton Reassur Life of NYNYA+  A+ 90
89         Principal National Life Ins CoIAA+A+A1AA- 90
90         Cigna Life Ins Co of New YorkNYA  AAA 90
        
91         Midland National Life Ins CoIAA+A+ A+ 89
92         RGA Reins CoMOA+AA-A1A 89
93         North American Co for L&H InsIAA+A+ A+ 89
94         Mutual of America Life Ins CoNYA+A+ A+ 89
95         UnitedHealthcare Ins CoCTAAA-A1AA- 89
        
96         Cincinnati Life Ins CoOHA+A+ A+ 89
97         Reliance Standard Life Ins CoILA++A+A2  88
98         MONY Life Ins CoNYA+A+A1A+ 88
99         Allstate Assur CoILA+ A2  88
100       Golden Rule Ins CoINAAA-   88
        
101       Great American Life Ins CoOHA+A+A2  87
102       Allstate Life Ins CoILA+ A2A+ 87
103       Hartford Life & Acc InsCTA+A+A2  87
104       Liberty National Life Ins CoNEAAA-A1A+ 87
105       Allstate Life Ins Co of NYNYA+ A2A+ 87
        
106       Globe Life And Acc Ins CoNEAAA- A+ 87
107       American Income Life Ins CoINAAA- A+ 87
108       American Heritage Life Ins CoFLA+  A 87
109       United American Ins CoNEAAA- A+ 87
110       Life Ins of North AmerPAA A2AAA 86
        
111       Transamerica Life Ins CoIAAA+A1  84
112       Transamerica Finl Life Ins CoNYAA+A1  84
113       Standard Ins CoORAA+A1  84
114       Modern Woodmen of AmericaILA   AA-84
115       Ameritas Life Ins Corp.NEAA+   83
        
116       Brighthouse Life Ins Co of NYNYAA+   83
117       Ameritas Life Ins Corp. of NYNYAA+   83
118       Dearborn Life Ins CoILAA+   83
119       Dearborn Natl Life NYNYAA+   83
120       Equitable Financial Life Ins CoNYAA+A2  82
StateBestS&PMoody’sFitchKBRAComdex
      
121       American General Life Ins CoTXAA+A2A+ 82
122       Variable Ann Life Ins CoTXAA+A2A+ 82
123       Symetra Life Ins CoIAAAA1  82
124       United States Life Ins in NYNYAA+A2A+ 82
125       Life Ins Co of the SouthwestTXAA+A2  82
        
126       CMFG Life Ins CoIAAA+A2  82
127       Zurich American Life Ins CoILA+AA3  82
128       AGC Life Ins CoMOA  A+ 82
129       National Life Ins CoVTAA+A2  82
130       American Family Life Ins CoWIA  A+ 82
        
131       Equitable Finl Life Ins Co of AmerAZAA+A2  82
132       MEMBERS Life Ins CoIAAA+A2  82
133       Voya Retirement Ins & Ann CoCTNRA+A2A 81
134       Venerable Ins & Ann CoIANR A2 A-81
135       ReliaStar Life Ins CoMNAA+A2A 81
        
136       ReliaStar Life Ins Co of NYNYAA+A2A 81
137       First Penn-Pacific Life Ins CoINAA-A1A+ 81
138       Jackson National Life Ins CoMIAAA2A 79
139       Brighthouse Life Ins CoDEAA+A3A 79
140       Athene Ann & Life CoIAAA A 79
        
141       Athene Ann & Life Assur CoDEAA A 79
142       American National Ins CoTXAA   79
143       Connecticut General Life InsCTAAA2A 79
144       Jackson Natl Life Ins Co of NYNYAAA2A 79
145       Cigna Health & Life Ins CoCTAAA2  79
        
146       New England Life Ins CoMAAA+A3A 79
147       Horace Mann Life Ins CoILAAA2A 79
148       Athene Ann & Life Assur NYNYAA A 79
149       Amer Natl Life Ins Co of NYNYAA   79
150       First Symetra Nat Life Ins NYNYAA   79
        
151       Mutual Trust Life Ins CoILA  A 79
152       Pan-American Life Ins CoLAA  A 79
153       Pacific Guardian Life Ins CoHIAA   79
154       Blue Shield of CA Life & HlthCAA  A 79
155       Cigna Worldwide Ins CoDEA  A 79
        
156       Pan-American Assur CoLAA  A 79
157       Aetna Life Ins CoCTAA-A2A 77
158       National Western Life Ins CoCOAA-   76
159       Accordia Life & Ann CoIAAA- A 76
160       Savings Bank Mutual Life InsMAAA-   76
StateBestS&PMoody’sFitchKBRAComdex
    
161       Provident Life & CasualtyTNA  A- 76
162       USAble LifeARAA-   76
163       Aetna Health & Life Ins CoCTAA-   76
164       Forethought Life Ins CoINAA-A3A 75
165       Commonwealth Ann & LifeMAAA-A3A 75
        
166       Unum Life Ins Co of AmerMEAAA3A- 75
167       Provident Life & AccTNAAA3A- 75
168       First Unum Life Ins CoNYAAA3A- 75
169       Colonial Life & Acc InsSCAAA3A- 75
170       First Allmerica Financial LifeMAAA-A3A 75
        
171       Paul Revere Life Ins CoMAAAA3A- 75
172       Ohio National Life Ins CoOHA A3A- 74
173       Ohio National Life Assur CorpOHA A3A- 74
174       Security Life of Denver Ins CoCONRA-Baa1A- 70
175       Great Western Ins CoIAA- Aa3  67
        
176       Bankers Life & Casualty CoILA-A-A3A- 63
177       Washington National Ins CoINA-A-A3A- 63
178       United Ins Co of AmericaILA-A-A3A- 63
179       Colonial Penn Life InsPAA-A-A3A- 63
180       Unum Ins CoMEA- A2A- 63
        
181       Fidelity & Guaranty Life InsIAA-A-Baa1A- 62
182       Lombard Intl Life Assur CoPAA-   A62
183       Lombard Intl Life Assur Co NYNYA-   A62
184       American Equity Invest LifeIAA-A- A- 60
185       Security Benefit Life Ins CoKSA-A- A- 60
        
186       Gleaner Life Ins SocietyMIA-   A-60
187       Catholic Order of ForestersILA-   A-60
188       Fidelity & Guar Life Ins Co NYNYA-A- A- 60
189       Bankers Conseco Life InsNYA-A- A- 60
190       First Security Benefit L&A NYNYA-A- A- 60
        
191       Amer Bankers Life Assur Co FLFLA-ABaa1  60
192       Life of the South Ins CoGAA-   A-60
193       Reliable Life Ins CoMOA-A- A- 60
194       Union National Life Ins CoLAA-A- A- 60
195       Bankers Life of LouisianaLAA-   A-60
        
196       Southern Financial Life Ins CoKYA-   A-60
197       American Memorial Life Ins CoSDA-A   58
198       Humana Ins Co of KentuckyKYA-A   58
199       Eagle Life Ins CoIAA-  A- 54
200       Natl Security Life & AnnNYA-  A- 54
        
201       ShelterPoint Life Ins CoNYA-A-   54
202       American Equity Invest Life NYNYA-  A- 54
203       Union Security Ins CoKSB++ABaa1  53
204       Delaware Life Ins CoDEA-BBB+   52
205       Delaware Life Ins Co NYNYA-BBB+   52
        
206       Equitable Financial Life & AnnCOB++A+   50
207       Guaranty Income Life Ins CoIAB++   A-49
208       Baltimore Life Ins CoMDB++   A-49
209       United Heritage Life Ins CoIDB++   A-49
210       Talcott Resolution Life Ins CoCTB++BBBBaa3  48
        
211       Talcott Resolution L&A Ins CoCTB++BBBBaa3  48
212       Genworth Life Ins CoDEC++ Caa1CCC 44
213       Genworth Life & Ann InsVAB B3B 44
214       Genworth Life Ins Co NYNYC++ Caa1CCC 44
215       EquiTrust Life Ins CoILB++BBB+   40
        
216       Western United Life Assur CoWAB+   BBB+36
217       ManhattanLife Assur Co of AmerARB+   BBB+36
218       Manhattan Life Ins CoNYB+   BBB+36
219       Family Life Ins CoTXB+   BBB+36
220       ELCO Mutual Life & AnnILB   BBB-30
        
221       Landmark Life Ins CoTXB   BBB-30
222       Thrivent Finl for LutheransWIA++     
223       Prudential Legacy Ins Co NJNJNR     
224       Transamerica Premier Life InsIANR     
225       Union Fidelity Life Ins CoKSNR     
        
226       Employers Reassur CorpKSNRBBB+    
227       Southern Farm Bureau Life InsMSA+     
228       Guggenheim Life & Ann CoDEB++     
229       Nassau Life Ins CoNYB+     
230       Woodmen of the World Life SocNEA+     
        
231       COUNTRY Life Ins CoILA+NRpi    
232       Farm Bureau Life Ins CoIAA     
233       Lincoln Benefit Life CoNEA-     
234       Sentry Life Ins CoWIA+     
235       Jefferson National Life Ins CoTXA+     
        
236       American Fidelity Assur CoOKA+     
237       PHL Variable Ins CoCTNR     
238       Farmers New World Life Ins CoWAA     
239       Brooke Life Ins CoMIA     
240       Americo Finl Life & AnnTXA     
State LocatedA.M Best Rating
       
241       Heritage Life Ins CoAZNR    
242       Gerber Life Ins CoNYA    
243       National Guardian Life Ins CoWIA-    
244       Continental General Ins CoTXNR    
245       Union Labor Life Ins CoMDA-    
       
246       Auto-Owners Life Ins CoMIA+    
247       Independence Life & Ann CoDEA-    
248       Kansas City Life Ins CoMOA    
249       Homesteaders Life CoIAA-    
250       GBU Financial LifePAA-    
       
251       Wilcac Life Ins CoILA+    
252       Aurora National Life AssurCA     
253       Security Mutual Life of NYNYA-    
254       Foresters Life Ins & AnnNYNR    
255       Erie Family Life Ins CoPAA    
       
256       LifeCare Assur CoAZ     
257       Farm Bureau Life Ins Co of MIMIA    
258       Assurity Life Ins CoNEA-    
259       Physicians Mutual Ins CoNEA    
260       Reinsurance Co of MissouriMO     
       
261       Combined Ins Co of AmericaILA+    
262       United Farm Family Life Ins CoINA    
263       Tennessee Farmers Life Ins CoTNA+    
264       Oxford Life Ins CoAZA-    
265       Federated Life Ins CoMNA+    
       
266       Beneficial Life Ins CoUTNR    
267       GCUPANR   BBB+
268       Sagicor Life Ins CoTXA-    
269       Liberty Bankers Life Ins CoOKB++    
270       Universal Life Ins CoPRB+    
       
271       Blue Cross & Blue Shield of KSKSA    
272       HayMarket Ins CoNENR    
273       United Life Ins CoIAA-    
274       Physicians Life Ins CoNEA    
275       SBLI USA Life Ins CoNYA-    
       
276       Catholic Financial LifeWINR   A-
277       Trustmark Ins CoILA-    
278       Equitable Life & Cas Ins CoUTB+    
279       Centre Life Ins CoMA     
280       Pekin Life Ins CoILA-    
State LocatedA.M Best Rating
       
281       Alfa Life Ins CorpALA    
282       Illinois Mutual Life Ins CoILA-    
283       Boston Mutual Life Ins CoMAA    
284       Funeral Directors Life Ins CoTXA-    
285       Automobile Club of Sthrn CA LifeCAA    
       
286       Columbian Mutual Life Ins CoNYB++    
287       Reliance Standard Life of TXTX     
288       Structured Ann Reins CoIANR    
289       Amica Life Ins CoRIA+    
290       National Slovak Society of USPANR-5   BBB+
       
291       Shelter Life Ins CoMOA    
292       Family Heritage Life of AmerOHA    
293       American Health & Life InsTXB++    
294       Conseco Life Ins Co of TexasTX     
295       Catholic Life InsTXA-    
       
296       American Republic Ins CoIAA-    
297       MedAmerica Ins CoPANR    
298       Royal Neighbors of AmericaILA    
299       Lincoln Heritage Life Ins CoILA-    
300       Pavonia Life Ins Co of MIMINR    
       
301       First Catholic Slovak LadiesOHA-    
302       Shenandoah Life Ins CoVAA-    
303       Catholic United FinancialMNNR-5    
304       MedAmerica Ins Co of New YorkNYNR    
305       Athene Life Ins Co of NYNYA    
       
306       Fidelity Security Life Ins CoMOA    
307       UNICARE Life & Health Ins CoINA-    
308       Auto Club Life Ins CoMIA    
309       EMC National Life CoIAA-    
310       United Fidelity Life Ins CoTX     
       
311       Investors Heritage Life Ins CoKYB+    
312       Government Personnel MutualTXA-    
313       Ozark National Life Ins CoMOA-    
314       Anthem Life Ins CoINA    
315       Triple-S Vida Inc.PRB++    
       
316       Ability Ins CoNENR    
317       Pacific Beacon Life ReassurHIA    
318       HM Life Ins CoPAA    
319       Crown Global Ins Co of AmericaDEA-    
320       AAA Life Ins CoMIA    
State LocatedA.M. Best
  
321       WEA Ins CorporationWI  
322       Sentinel Security Life Ins CoUTB++ 
323       Guarantee Trust Life Ins CoILA- 
324       Continental American Ins CoNEA+ 
325       Oceanview Life & Ann CoCOA- 
    
326       Security National Life Ins CoUT  
327       Farm Bureau Life Ins Co of MOMOA- 
328       Monarch Life Ins CoMAE 
329       All Savers Ins CoINA 
330       Health Net Life Ins CoCANRA-
    
331       Motorists Life Ins CoOHA- 
332       National Benefit Life Ins CoNYA+ 
333       Investors Preferred Life InsSDNR 
334       Cooperativa de Seguros de VidaPRC 
335       New Era Life Ins CoTXB++ 
    
336       Natl Teachers Assoc Life InsTXA- 
337       Investors Life Ins Co of NATXB+ 
338       U.S. Financial Life Ins CoOHNR 
339       American Slovenian Cath UnionILNR-5 
340       Pioneer Mutual Life Ins CoNDNR 
    
341       Optum Ins of Ohio Inc.OH  
342       Combined Life Ins Co of NYNYA+ 
343       Standard Life & Acc InsTXA 
344       Croatian Fraternal UnionPANR-5 
345       Centurion Life Ins CoIANR 
    
346       William Penn AssociationPANR 
347       Mutual Savings Life Ins CoALA- 
348       LifeSecure Ins CoMINR 
349       Atlantic Coast Life Ins CoSCB++ 
350       Companion Life Ins CoSCA+ 
    
351       Grange Life Ins CoOHA- 
352       Settlers Life Ins CoWIA- 
353       Polish Nat’l Alliance of US NAILNR-5 
354       National Farm Life Ins CoTXB++ 
355       Everence Association Inc.INNR-5 
    
356       Fidelity Life AssociationILA- 
357       First Catholic Slovak UnionOH  
358       Harleysville Life Ins CoOHA- 
359       Nassau Life Ins Co of TexasTXB+ 
360       American Fidelity Life Ins CoFLB++ 
State LocatedA.M. Best
   
361       Unimerica Ins CoWIA
362       M Life Ins CoCO 
363       First Health Life & Health InsTXA
364       Central States H&L Co of OmahaNEA-
365       Continental Life Brentwood TNTNA
   
366       Best Meridian Ins CoFLA-
367       DL Reins CoDENR
368       Loyal American Life Ins CoOHA
369       Pacific Century Life Ins CorpAZNR
370       Berkley Life & Health Ins CoIAA+
   
371       Universal Guaranty Life Ins CoOH 
372       Sons of NorwayMNNR-5
373       National Mutual BenefitWI 
374       Trans World Assur CoCAB++
375       Educators Life Ins of AmericaIL 
   
376       Columbian Life Ins CoILB++
377       American-Amicable Life Ins TXTXA
378       Philadelphia American Life InsTXB++
379       Unity Financial Life Ins CoOHB++
380       Freedom Life Ins Co of AmericaTXA
   
381       Cotton States Life Ins CoGANR
382       Chesterfield Reins CoMONR
383       Trinity Life Ins CoOK 
384       Security Plan Life Ins CoLA 
385       5 Star Life Ins CoNEA-
   
386       Standard Life Ins Co of NYNYA
387       National Income Life Ins CoNYA
388       COUNTRY Investors Life AssurILA+
389       Church Life Ins CorpNYA-
390       Western Fraternal Life AssocIANR-5
   
391       American Progressive L&H NYNYNR
392       American Continental Ins CoTNA
393       Capitol Life Ins CoTXB++
394       Sunset Life Ins Co of AmericaMOA-
395       Corporate Solutions Life ReDEB+
   
396       Family Service Life Ins CoTXNR
397       Old American Ins CoMOA-
398       Trustmark Life Ins CoILA-
399       Nassau Life & Ann CoCTB+
400       American Home Life Ins CoKSB++
State LocatedA.M. Best
       
401       Amer Life & Acc Ins Co of KYKY     
402       United States Letter CarriersTNNR-5    
403       Occidental Life Ins Co of NCTXA    
404       Hermann Sons LifeTX     
405       Federal Life Ins CoIL     
       
406       Globe Life Ins Co of NYNYA    
407       LifeWise Assur CoWAA    
408       Family Benefit Life Ins – MOMONR    
409       SPJSTTXNR    
410       Chesapeake Life Ins CoOKA    
       
411       UnitedHealthcare Life Ins CoWIA    
412       Midwestern United Life Ins CoINNRA-   
413       United Transportation UnionOHNR    
414       Nippon Life Ins Co of AmerIAA-    
415       Clear Spring Life Ins CoTXNR    
       
416       Unified Life Ins CoTXB++    
417       First Berkshire Hathaway LifeNYA+    
418       Park Avenue Life Ins CoDENR    
419       Western Catholic UnionILNR-5    
420       Slovene National Benefit SocPANR    
       
421       Police & Firemen’s AssocINNR-5    
422       Optimum Re Ins CoTXA    
423       Great Southern Life Ins CoTXA    
424       Woman’s Life Ins SocietyMINR    
425       American Benefit LifeOKB++    
       
426       Madison National Life Ins CoWIA-    
427       Kilpatrick Life Ins CoLA     
428       Polish Roman Catholic UnionILNR    
429       Loyal Christian Benefit AssocPANR-5    
430       John Alden Life Ins CoWINR    
       
431       PacifiCare Life & Health InsINNR  AA- 
432       Selected Funeral & Life Ins CoAR     
433       Puritan Life Ins Co of AmericaAZB++    
434       American Life & Security Corp.NEB++    
435       State Mutual Ins CoGANR    
       
436       4 Ever Life Ins CoILA-    
437       Ukrainian National AssociationNJ     
438       Independent Life Ins CoTXNR   A-
439       Life Ins Co of Boston & NYNYA    
440       Cincinnati Equitable Life InsOHA    
State LocatedA.M. Best
       
441       Natl Farmers Union Life Ins CoTXB+    
442       IA American Life Ins CoTXA    
443       National Catholic of ForestersILNR-5   BBB-
444       NYLIFE Ins Co of ArizonaAZ     
445       Catholic Holy Family SocietyILNR-5    
       
446       Bankers Fidelity Life Ins CoGAA-    
447       KJZT Family LifeTXNR    
448       CICA Life Ins Co of AmericaCO     
449       Jefferson Natl Life Ins Co NYNYNR    
450       Reserve National Ins CoILA-    
       
451       New Era Life of the MidwestTXB++    
452       GPM Health & Life Ins CoWAA-    
453       ISDA Fraternal AssociationPANR    
454       Garden State Life Ins CoTXA    
455       London Life Reins CoPAA+    
       
456       Manhattan National Life Ins CoOHB++    
457       Amalgamated Life Ins CoNYA    
458       Southern Financial Life Ins CoLA     
459       CSA Fraternal LifeILNR-5    
460       Portuguese Fraternal Soc of AmCANR    
       
461       United Funeral Dir BenefitTXNR    
462       American Retirement Life InsOHA    
463       Amer Natl Life Ins Co of TexasTXA    
464       Jamestown Life Ins CoVA     
465       Catholic Ladies of ColumbiaOHNR    
       
466       Sentry Life Ins Co of New YorkNYA+    
467       Lumico Life Ins CoMOA    
468       Life Ins Co of AlabamaALB++    
469       Multinational Life Ins CoPRB++    
470       Luso-American Life Ins SocietyCANR    
       
471       Mutual Beneficial Assoc IncDE     
472       UTIC Ins CoALNR    
473       Delaware American Life Ins CoDEA+    
474       Standard Security Life of NYNYA-    
475       Professional Ins CoTXB++    
       
476       State Life Ins Fund WIWI     
477       Enterprise Life Ins CoTXA    
478       Starmount Life Ins CoMEA-    
479       Supreme Council Royal ArcanumMA     
480       Omaha Ins CoNENR    
  State Located A.M. Best
481       Old Republic Life Ins CoILB++
482       Caterpillar Life Ins CoMO 
483       Frandisco Life Ins CoGANR
484       Pioneer Security Life Ins CoTXA
485       United Home Life Ins CoINA-
   
486       LifeMap Assur CoORA-
487       Texas Service Life Ins CoTXNR
488       Germania Life Ins CoTXB++
489       American Public Life Ins CoOKA+
490       Parker Centennial Assur CoWIA+
   
491       Old United Life Ins CoAZA
492       Alliance Transylvanian SaxonsOHNR-5
493       Sterling Investors Life Ins CoINNR
494       Renaissance L&H Ins Co of AmerINA
495       Catholic Union of Texas KJTTXNR-5
   
496       AAA Life Re Ltd.HIA
497       American Century Life Ins CoOKNR
498       PartnerRe Life Reins AmericaARA+
499       Slovak Catholic SokolNJNR-5
500       National Health Ins CoTXA-
   
501       Pioneer American Ins CoTXA
502       Central Security Life Ins CoTX 
503       Locomotive Engineers&ConductorMINR
504       Zurich American Life Ins Co NYNYNR
505       LifeShield National Ins CoOKB++
   
506       S.USA Life Ins CoAZA-
507       Humana Ins of Puerto RicoPRB++
508       Trans-Oceanic Life Ins CoPRB++
509       Nassau Life Ins Co of KansasKSB+
510       Citizens Fidelity Ins CoAR 
   
511       Popular Life RePRB++
512       Greater Georgia Life Ins CoGAA
513       National Foundation Life InsTXA
514       Senior Life Ins CoGANR
515       Delta Life Ins CoGANR
   
516       Southern Life & Health Ins CoWI 
517       Bluebonnet Life Ins CoMSA
518       American Savings Life Ins CoAZNR
519       Advance Ins Co of KansasKSA
520       Commencement Bay Risk Mgmt InsWAA

Wrap Up

Checking a life insurance company’s financial ranking 2021, specifically from A.M. Best is paramount before moving forward with an insurer to protect your family or business. A.M. Best is the only major rating agency that focuses exclusively on insurance. By selecting a life insurance company with an A- (Excellent) or better rating: A (Excellent), A+ (Superior) or A++ (Superior) you can have the peace of mind a third party rating agency has determined the insurer has an Excellent or Superior ability to pay out any future claims.

Categories
Term Life Insurance

Best Rates for $600k Term Life Insurance

If you’re reading this you’re likely looking to see which companies offer the best rates for a $600k ($600,000) term life insurance policy. The good news is that if you are healthy or even if you have some health issues, the prices for $600k can be very affordable. I’ll put a table below to show the rates.

Who Needs A $600k Life Insurance Policy?

There are many reasons why one may need the specific amount $600,000 of term life insurance. These can include:

  • Income replacement (typically 7 to 20 years of annual income)
  • Mortgage balance
  • Cover college expenses for children
  • Bank loan
  • Key person coverage
  • Debts

Who are the Best Life Insurance Companies for $600k Coverage?

Below are the best life insurance companies (in order by price) for $600,000 term life insurance coverage. The sample rates below are for 45-year old male at each companies best health class. Please keep in mind that each company has their own underwriting guidelines so rates can change depending on age, build, medications, health history, family history, and other health issues.

Life Insurance CompanyCoverage AmountTerm LengthMonthly Premium
Transamerica$600,00020 Year Term$57.28
Sagicor Life$600,00020 Year Term$57.56
Banner Life$600,00020 Year Term$59.65
Protective Life$600,00020 Year Term$59.74
Pacific Life$600,00020 Year Term$60.51
AIG$600,00020 Year Term$60.76
Principal National$600,00020 Year Term$60.96
Penn Mutual$600,00020 Year Term$62.74
North American$600,00020 Year Term$63.80
Lincoln National$600,00020 Year Term$63.97
Prudential (Pruco)$600,00020 Year Term$64.67
John Hancock $600,00020 Year Term$64.81
Nationwide$600,00020 Year Term$66.41
Mutual of Omaha$600,00020 Year Term$69.88
MassMutual$600,00020 Year Term$71.78
Northwestern Mutual$600.00020 Year Term$73.36
New York Life$600,00020 Year Term$77.63
Primerica Life Insurance$600,00020 Year Term$81.80

Best No Exam Term Life Insurance Companies for $600k Coverage

Below are life insurance rates (in order by price) for $600,000 term life insurance coverage with no medical exam. The sample rates below are for 45-year old male at each companies best health class. Please keep in mind that each company has their own underwriting guidelines so rates can change depending on age, build, medications, health history, family history, etc.

Life Insurance CompanyCoverage AmountTerm LengthMonthly Premium
Sagicor Life$600,00020 Year Term$57.56
SBLI$600,00020 Year Term$70.43
Bestow$600,00020 Year Term$71.83
Lemonade$600,00020 Year Term$71.83
Ladder Life$600,00020 Year Term$78.00
Ethos Life$600,00020 Year Term$83.00

Bestow vs. Lemonade vs. Ladder vs. Ethos vs. Sagicor vs. SBLI Life Insurance

In comparing the no exam life insurance rates between: Bestow vs. Lemonade vs. Ladder vs Ethos vs. Sagicor vs. SBLI, Sagicor does have the lowest rate. However; SBLI, Bestow, Lemonade and Ladder are all in the same ballpark. Ethos Life seems to be the highest priced for a $600k 20 year term for a health 45 year old male. (See the chart above for the rates.) Every applicant’s situation is different so your rates could vary depending on your age, health, coverage amount, term and other underwriting factors.

Is $600k Term Insurance Better Than $600k Whole Life Insurance?

For the majority of people, term life insurance is a better option than whole life/permanent life insurance. The reason why is that younger people are looking for the most amount of life insurance coverage and at the best price. That is what term life insurance provides. Many people looking for life insurance are looking to protect their; income, spouse, children and debts to a certain age-stage in life. Term life insurance (depending on your age) allows you to choose 10, 15, 20, 25, 30, 35 or even 40 year level term lengths. This means once you are approved the rate won’t change for that time but you can cancel anytime without a plenty.

For most people at a certain age, the kids are grown, the house is paid off or paid down, you have assets and retirement accounts so the need for life insurance is reduced of hopefully even eliminated and therefore you become self-insured. You have a substantial amount money in the bank, have a solid 401k, equity in the house and other assets. The loss financially won’t be as crushing after the term since the kids are adults, the house is paid off, etc. Since whole life insurance is about 5x or more the cost of term life insurance, by having term insurance you can invest the difference. Also, you won’t have the large monthly premium obligation that whole life has. In addition, be obtaining term life insurance and investing he difference, it’s your money. Unlike whole life insurance that is tied up in a policy and you have to pay interest to borrow your own money, if you invest the money yourself you are liquid. This is what Dave Ramsey explains below in the video. Also, Suzy Orman and Clark Howard recommend the same thing.

It is better for the agent if you choose whole life insurance over term life insurance because the premium is much more expensive. Agents are paid based on the annual premium and whole life insurance is about five times or more expensive than term. That is why many agents, especially field agents that don’t produce a lot of business recommend whole life.

Instances where whole life or permanent life are usually better is term life are; if you need estate planning, have a special needs child, want to leave life insurance for a child no matter how long you live, charitable donations to a school or foundation after you pass away.

$600,000 Whole Life Insurance Rates

Below are life insurance rates (in order by price) for $600,000 permanent life insurance coverage. The sample rates below are for 45-year old male at each companies best health class. Please keep in mind that each company has their own underwriting guidelines so rates can change depending on age, build, medications, health history, family history, etc.

Life Insurance CompanyCoverage AmountMonthly Premium
Penn Mutual$600,000$389.76
Nationwide$600,000$411.60
Pacific Life$600,000$407.08
Columbus Life$600,000$433.03
Midland National$600,000$467.00
AIG (American General)$600,000$498.94
Rates for a no-lapse universal life insurance policy to age 121

$600k Term Life Insurance- Wrap Up

There are over 500 life insurance companies in 2021 and choosing the right insurer can be easy if you shop around. Since each life insurance company has their own underwriting guidelines and rate charts, each one will have a different rate, all 500 of them. So a company that may have the lowest rate for one person may not for another. Factors such as your age, height/weight, blood pressure, cholesterol, medications, family history, driving record and many other factors will determine which company will offer the best rates for you. I always recommend to compare rates from multiple highly rated companies to ensure you are getting the best price. You can do this by calling the companies individually and receiving a quote from each one or use a broker/agent that do the shopping for you and knows the underwriting guidelines for each company. This will save you a lot of time and money. The best part, since there is no price difference between going to a company directly or using an agent/broker (not allowed to be different by law) you will have an advocate on your side that can talk to the underwriter if need be to to help you get approved and at the lowest rate.

How to Get The Best Rate for $600,000 ($600k) Life Insurance

  1. Compare Rates

    Each life insurance company has their own underwriting guidelines based on: age, health, height/weight, blood pressure, cholesterol, family history, driving history, etc. so it’s important to shop around and compare rates from multiple life insurance companies.

  2. Fast for the Medical Exam

    For those who opt to take the paramed exam, make sure you fast for 8-12 hours. I recommend taking the paramed first thing in the morning when you wake up before you eat, have coffee or exercise. First thing in the morning is when your blood pressure, weight and other readings will be the lowest.

  3. No Exam Option

    For those who choose to not do the paramed, make sure you shop around. There are many new startups offering no exam life insurance in 2021. While the process for these companies are convenient, they can also be expensive.

Categories
Underwriting

Testing Positive for Nicotine (Cotinine) on the Life insurance Paramed Exam- What are your Options?

If you’re reading this article you likely have tested positive for nicotine on your life insurance paramed exam. If this has happened to you, you’re not alone. The good news is there are several options you have and I’ll go over those in more detail below.

The Life Insurance Medical Exam Test for Nicotine

As part of the underwriting process for life insurance, most carriers will do a no-cost 30-minute paramed exam to verify your health. The exam will typically include a small blood and urine sample. The urine sample (urinalysis) can detect several items including nicotine or cotinine.

When someone smokes a cigarette, chews or dips tobacco, smokes a cigar, vapes or is exposed to secondhand smoke, the nicotine is absorbed into the bloodstream. Once this happens the liver breaks down the enzymes which becomes cotinine. This is what is detected on the life insurance medical exam.

How Accurate is the Life Insurance Nicotine Test?

The life insurance nicotine test is extremely accurate and is very rarely incorrect. I had several underwriters tell me the levels they use to detect cotinine are high enough (accurate enough) that they can tell if the applicant actually smoked or sat next to someone who did and inhaled secondhand smoke.

Options if You Tested Positive for Nicotine on the Life Insurance Medical Exam

The good news there are several options you have if you tested positive for nicotine on the life insurance medical exam.

1. Did you smoke a cigar or chew/dip prior to the paramed?

A common reason why someone will test positive for nicotine is they will forget (or didn’t know it would affect it) about the upcoming paramed exam and smoke a cigar on the golf course or at a party prior to the paramed. This will result in a positive nicotine test and the underwriter will think you are a cigarette smoker. If this was the case, the good news that there are a very few select number of carriers that will allow you to pivot over to their company and get a non-tobacco rate if in fact it was a cigar or chew/dip and not a cigarette. (Caveat, you definitely want to be honest. If it was a cigarette and not a cigar or chew/dip/pipe, don’t lie, it’s not worth it. All life insurance polices are contestable in the first two years if you pass away and were dishonest on your application.)

2. Accept a 10-Year Term and Reapply in 12 Months

If you did smoke a cigarette prior to the paramed and tested positive for nicotine/cotinine, you will have to wait 12 months from the date of the paramed exam (if you don’t smoke after that) to receive a non-tobacco rate. If you currently don’t have any life insurance coverage, you still will need to protect your family, business, income, children, etc. for the next 12 months. Many people will accept the shortest term available which is a 10 year term so the rate is more affordable and their family is still protected if anything unexpected were to happened in the next 12 months. Also, if their health changes or you do smoke again, at least the rate is locked in for the next 10 years. Also, you can cancel anytime without a penalty which most people will do after 12 months if they haven’t smoked a cigarette and will reapply for a new policy at that time, which will provide peace of mind knowing their family is protected in the interim.

3. Accept a Coverage Amount and Term That is Affordable and Reapply in a 12 Months

This is similar to number two above, the difference being some people like to accept a 15, 20 or even 30 year term in an effort to “hedge their bets” so to speak. In case your health changes in the next 12 months or however long it takes to not smoke a cigarette for 12 full months straight, and God forbid you develop cancer, have a heart attack or some other unforeseen health event, then you still have the policy locked for the next 10, 15, 20 or 30 years.

The good part is you can still cancel anytime without a penalty and reapply in 12 months since after the paramed, or after your last cigarette and get the better rates. However, if you health changes in the next 12 months your family is still covered for the term you select and the rate won’t change. Many people like this peace of mind.

3. Not Accept and Wait 12 Months and Reapply

This is the least recommend option unless you currently have life insurance and are replacing a current policy.. You do not want to leave your family unprotected, even for a year. You just never know. Not only could you pass away in the next 12 months but your health could change leaving you uninsuranble. If someone doesn’t have life insurance and does have a spouse, children, mortgage, etc. I always recommend to “bite the bullet” and pay the higher premium for a year (and or lower the coverage or change to a 10 year term for the next 12 months) then reapply in 12 months so your loved ones are covered and you will have that peace of mind.

Wrap UpTesting Positive for Nicotine (Cotinine) on the Life insurance Paramed Exam- What are your Options?

If you applied for life insurance and tested positive for nicotine (cotinine) and your rate increased, you’re not alone. I have helped hundreds of applicants in this situation. The options I outlined above are the ones I recommend. Most people who don’t currently have life insurance will accept a policy that is affordable so their family is covered now. Then they will reapply in 12 months after the paramed exam (a long as they don’t smoke a cigarette in the next 12 months) for the lower rate. You “bite the bullet” so to speak and pay a higher premium for the next 12 months but your family is protected (as well as hedge against in your health changes in the next year) so both you and your family will have the peace of mind knowing they won’t be financially devastated if anything unexpected were to happen to you.

Categories
Medications

Does a testosterone or estrogen supplement affect life insurance?

When talking to people about their life insurance medications, it’s common that many people are on a hormone supplement therapy for added testosterone (typically for low T) or estrogen (typically for menopause). I wanted to quickly address if this will affect life insurance rates.

Testosterone or estrogen medication and life insurance

The good news is that taking a testosterone supplement for men or estrogen supplement for women will not your affect life insurance rates. In the 4k life insurance policies I have placed in-force, I can never recall one time where it affected the rate. Whether you are taking the injection, gel, patch or tablet, taking a hormone medication should not affect your life insurance.

If you have any questions on how life insurance works or what is right for you and your family don’t hesitate to call me to discuss your needs. No obligation or commitment. Also, feel free to run as many quotes as you like on our instant quoter.

Categories
Life Insurance Rates By Age

How much is a million dollar life insurance policy for a 50 year old man?

Are you looking for how much is a million dollar life insurance policy for a 50 year old man? Then this is the article for you. They say 50 is the new 40 or even 30 and many life insurance companies seem to agree. The life insurance rates for a 50 year old are very affordable, even inexpensive as I will show in the table below.

As life expectancy and modern medicine continue to improve, so do life insurance rates, especially for those age 50 and over.  At the age of 50, many still have the need for a million life insurance policy to protect a: spouse, mortgage, dependent children and or children in college, and future income.  The good news is that life insurance premiums have never been lower for someone 50 years old.

How much is a million dollar life insurance policy for a 50 year old man?

Below are the rates for a $1,000,000 life insurance policy for a fifty year old male at the best health class for a level term policy.

Term
10 Year Fixed15 Year Fixed20 Year Fixed25 Year Fixed30 Year Fixed
Premium:$70 month$103 month$134 month$201 month$245 month

No exam life insurance

Term
10 Year Term15 Year Term20 Year Term
Premium:$96 month$125 month$145 month

Whole life insurance (universal life)

PermanentTo Age 110To Age 121
Premium:$736 month$747 month
one million dollar life insurance 50 year old male
Illustration- a million dollar life insurance policy for a 50 year old man

Million Dollar Life Insurance Policy 50 year old man

$1 million 20 year term: $134 month

Million Dollar Life Insurance Policy 51 year old man

$1 million 20 year term: $146 month

Million Dollar Life Insurance Policy 52 year old man

$1 million 20 year term: $161 month

Million Dollar Life Insurance Policy 53 year old man

$1 million 20 year term: $178 month

Million Dollar Life Insurance Policy 54 year old man

$1 million 20 year term: $198 month

Million Dollar Life Insurance Policy 55 year old man

$1 million 20 year term: $221 month

Million Dollar Life Insurance Policy 56 year old man

$1 million 20 year term: $246 month

Million Dollar Life Insurance Policy 57 year old man

$1 million 20 year term: $274 month

Million Dollar Life Insurance Policy 58 year old man

$1 million 20 year term: $307 month

Million Dollar Life Insurance Policy 59 year old man

$1 million 20 year term: $345 month

These are the rates for a million life insurance policy for a male at the best health class.

Underwriting

Getting approved for a million dollar life insurance policy at 50 years old can be an easy process. I will put the steps below.

  1. Shop the market and choose the life insurance company with the best rate for your health profile.
  2. Complete the application.
  3. Complete the free paramed exam or phone interview for no exam policies.
  4. Wait for underwriting approval.
  5. Review and active policy.

The paramed for a life insurance policy for a 50 year old man will require a simple 30 minute free paramed exam that includes, height, wight, blood pressure and a small blood and urine sample. This is to verify you are healthy to receive the lowest rate.

Conclusion

A 50-year old man seeking a million life insurance policy can have a sigh of relief that the premiums are very affordable. With major advancements in modern medicine and increases in life expectancy, life insurance companies have followed suit to lower the premiums for those age 50 and above. As you saw in the tables, a 50 year old male can qualify for a one million life policy on a 10 year fixed term for $70 month and a 20 year term for $134 month! Life insurance is based on your age and health, so it’s imperative to lock in the rate while you are younger and healthy.

Categories
Medications

How Statins Affect Life Insurance

Statin medications are some of the most popular medications in the country today and thus a common question is if statins affect life insurance underwriting. Statins are taken to lower cholesterol and to reduce the risk from heart disease and stroke. It’s also not uncommon for someone to be prescribed a statin to use in combination if they are have diabetes and taking Metformin. Some of the most prescribed statins are Simvastatin (generic for Zocor), Atorvastatin (generic for Lipitor) and Pravastatin (Pravachol). 1

Will Taking A Statin Affect My Life Insurance Rates?

The short answer is no. Nearly every carrier I represent such as; Prudential, Pacific Life, AIG, Mutual of Omaha, Protective Life, Banner Life, etc. will not penalize you for taking a statin.

Fortunately, life insurance companies underwrite cholesterol by looking at your actual readings (total cholesterol, HDL ratio and triglycerides), whether you’re on a medication or not is not a factor. The industry uses the terms treated or untreated, which just means they just look at the actual readings, the numerical values, and whether you’re taking a medication is not relevant.

Additional Information about Statins & Life Insurance

As discussed, if you had elevated cholesterol readings in the past and now it’s now controlled with a statin drug (even multiple medications are ok) it will not affect your rate today. Also, for those who just took a life insurance paramed exam and found out you had elevated cholesterol, HDL ratio or triglycerides you can go to your doctor and go on a cholesterol reducing medication. Once your levels are back to normal and controlled, you can then reapply and get the best rate. From my experience, statins work very well at lower cholesterol and very quickly.

Options Available After The Paramed Exam With High Cholesterol

1. Have a broker compare your current readings from the paramed exam to the other top carriers’ guidelines and pivot over to them.

2. Once you’re approved, place the policy so you’re covered, (even on a 10 year term to make the premium lower) then go to your doctor and see if he or she recommends diet and exercise and or medication to reduce your cholesterol. Once your levels are back to normal, you can reapply. As mentioned earlier, treated or untreated typically will not affect the rate or underwriting.

3. Accept the new rate at a higher premium.

4. Decline the coverage and work on getting your readings back to normal then reapply. This is not recommended if you currently don’t have coverage since you would leave your family unprotected in the interim. Also, as mentioned you can reshop the other top carriers immediately, and also place the policy (even on a 10 year term to keep the cost down) and just reapply once your levels are back to normal (3 months, 6 months, etc). There is no penalty for doing that as life insurance policies are unilateral contacts and you can go month-to-month and cancel anytime.

Current Life Insurance Guidelines for Cholesterol and HDL Ratio

Prudential: Preferred Plus- Total Cholesterol up to 299, HDL Ratio 5.4 (male or female)

Pacific Life: Preferred Best- Total Cholesterol up to 300, HDL Ratio 4.5 male, 4.0 female

Protective Life: Preferred Plus- Total Cholesterol up to 275, HDL Ratio 4.5 (male or female)

AIG: Preferred Plus- Total Cholesterol up to 300, HDL Ratio (male or female)- Age < 45 HDL Ratio 4.5 or less• Age 45 – 69 HDL ratio 5.0 or less• Age ≥ 70 Cholesterol > 130 and HDL ratio 5.0 or less

Banner Life: Preferred Plus- Total cholesterol up to 300, HDL Ratio 4.5 (male or female)

Lincoln Financial: Preferred Best- Total Cholesterol up to 300, HDL Ratio 5.0 (male or female) up to age 69, 70 or over HDL Ratio 5.5 (male or female)

Principal Life: Super Preferred- Total Cholesterol up to 240, HDL Ratio 4.5 (male or female) up to age 64, Total Cholesterol up to 260, HDL Ratio 5. (male or female) up to age 65-85

List of Common Statins When Applying for Life Insurance

Atorvastatin (Lipitor)

Simvastatin (Zocor)

Pravastatin (Pravachol)

Fluvastatin (Lescol XL)

Lovastatin (Altoprev)

Pitavastatin (Livalo)

Rosuvastatin (Crestor)

Wrap Up

Statin medications are among the most commonly prescribed medications in the country. As such, life insurance companies view them as safe and will not affect life expectancy. This means if you are taking a statin it should not affect your life insurance rate or underwriting. Instead, life insurance company underwriters’ look at your actual readings (total cholesterol, HDL ratio and triglycerides). However, every life insurance company has their own guidelines when it comes to cholesterol, therefore it’s imperative, before and even after the life insurance paramed exam to shop around to see which carrier will offer the best rate for your cholesterol readings and health situation.

Categories
Uncategorized

Key Man Life Insurance With Elevated GGT Levels

Lean how to get the best key man life insurance rates if you have elevated GGT levels.

Let’s start with what GGT stands for. GGT (amma-glutamyltransferase) is an enzyme found in many organs in the body, with the highest concentrations the liver. Elevated GGT levels can indicate liver damage, some other serious health issue and or issues with chronic alcohol abuse.

Heavy drinkers of alcohol many times will have elevated liver enzymes, especially GGT. This is why elevated GGT readings are a concern to life insurance companies. If you do have elevated GGT readings, I alawys recommend to my clients that they go see their a doctor for a further evaluation to see if it anything serious and for their treatment reccomdation. In regards to the life insurance, the good news some carriers typically can offer a better rate since each insurer has their own GGT guidelines. Many times we will pivot to a new life insurance company for a good rate.

How to get the best key man life insurance rates with elevated GGT

The most important thing to to shop around. Every life insurance company has their own underwriting guidelines so one company that may offer a decline or a table rate another company may offer a standard or even preferred rating.

Give us a call or use the contact form and we’ll shop the top companies to find you the best rate if you have elevated GGT readings.

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