Term life insurance for a 74 year old male may be hard to come by, unless you qualify for a 10 year term or less.
Since life insurance is based on how long you will live, and the average life expectancy for a male is around 78 years, most life insurance companies will only offer 5 or 10 year term life insurance depending on your health.
However, there are some insurers that may offer guaranteed acceptance life insurance with no exam needed, but the amount of life insurance is limited, and the rates for life insurance coverage are high. In addition, the coverage may be graded benefit, which means you won't have full life insurance coverage until you have been insured by the policy for at least 2 years.
But, you can compare life insurance rates and plans online to help you find out which insurance companies may offer affordable life insurance coverage. Here's an article on over 70 life insurance that may help you find life insurance with or without a physical exam required.
Since life insurance is based on how long you will live, and the average life expectancy for a male is around 78 years, most life insurance companies will only offer 5 or 10 year term life insurance depending on your health.
However, there are some insurers that may offer guaranteed acceptance life insurance with no exam needed, but the amount of life insurance is limited, and the rates for life insurance coverage are high. In addition, the coverage may be graded benefit, which means you won't have full life insurance coverage until you have been insured by the policy for at least 2 years.
But, you can compare life insurance rates and plans online to help you find out which insurance companies may offer affordable life insurance coverage. Here's an article on over 70 life insurance that may help you find life insurance with or without a physical exam required.
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