Can I Get Life Insurance with a DUI or DWI?

Yes, you may be able to purchase life insurance coverage even if you have had a DUI or DWI.

One of the risk factors that affects your ability to purchase life insurance, and the price you will pay for life insurance coverage, is your driving record.

Someone with a good record will get approved and pay less for coverage than a person with a poor driving record including having had a DUI in the last five years.

However, if you have had a DUI you may be able to qualify for affordable life insurance coverage from a well-respected life insurance company at an affordable price.

The insurer will need to know about the circumstances surrounding your DUI, your driving record, and other risk factors including your health and age, among other things.

If you have had two or more DUI’s in the last five years, you will likely find it very difficult to qualify for a life insurance policy.

And, if you have had two DUI’s on the last ten years, but only one on the last five years, there is a very good life insurance carrier which may consider you for life insurance.

To learn more read about Life Insurance with a DUI.

Difference Between Term Life and Whole Life?

What is the difference between term life insurance and whole life insurance?

Life insurance offers two basic types of coverage – Term and Whole Life.

Term life is for short term life insurance needs of 30 years or less.

Whole whole life insurance is for your entire lifetime needs for life insurance coverage.

Term life costs the less, offers more life insurance for your money and is easy to understand.

Whole life insurance costs a lot more, builds cash value inside the policy over time from which you may talk a loan, and provides you with guaranteed lifetime protection.

Some people choose to buy term life insurance for their shorter term needs, and a whole life policy for their final expenses.

That way, you get the life insurance protection you need at the lowest cost.

Learn more about the difference between term life and whole life.

Request a free life insurance quote

Where to Buy Life Insurance for Over 80?

Where can someone over the age of 80 purchase life insurance coverage?

Generally, there are limited options available on life insurance for people over the age of 80.

You may want to consider contacting a local life insurance agent to inquire about your options and find out if there are any fully underwritten life insurance policies available which require you to take a physical examination.

In addition, there are guaranteed issue life insurance plans for seniors that offer guaranteed acceptance for anyone age 45 to 85.

Guaranteed issue policies have no exam required and do not ask any questions about the condition of your health.

These guaranteed issue plans have graded benefits the first two years you are insured, so you will not have full coverage until after two years of being insured under the guaranteed issue life insurance plan.

What is an Annually Renewable Term Policy?

Annually renewable term life insurance is a type of life insurance plan that provides you with life insurance protection for a period of one year.

With annually renewable term life you may choose to renew your life insurance policy for another year when your term expires.

The premium you pay will increase each year at renewal if you choose to continue your life insurance coverage.

This type of life insurance is usually the cheapest for a period of 2 or 3 years, but if you need life insurance for a longer period of time, you may be better off choosing to purchase a 5 or 10 year level term life insurance policy and canceling the coverage when you no longer need it.

With level term life insurance your premiums remain the same each year, they do not increase during the term of your policy. You may choose to purchase level term life for a term of 5, 10, 15, 20 or 30 years, depending on what lengths of term are available from the insurance company. Learn more about an annually renewable term life insurance policy.

How to Shop for Term Life Insurance

Are you shopping for an affordable term life insurance plan?

If so, here’s a few tips to help get you started in the right direction to finding a low cost term life insurance policy from a safe, secure life insurance provider.

1. Decide how many years you need life insurance coverage. Term life plans offer life insurance coverage for a “term” of 10, 15, 20 or 30 years in most cases.
2. Decide how much you can afford to spend on your term life insurance policy – choose a budget.
3. Decide how much life insurance coverage you need to accomplish your goal.
4. Compare multiple term life insurance rate quotes from a network of insurance carriers.
5. Consider the financial strength rating of the insurers – the higher the rating, the better able the insurer is to pay their claims and meet their financial obligations.

Remember, if you outlive the duration of your term life insurance policy, your life insurance coverage ends. However, you may have the option of renewing your policy for another term of up to 10 years, but your annual premium will increase if you renew your policy.

Here’s how you can learn more about term life insurance coverage and request your free quote today.

Final Expense Whole Life Insurance MetLife

What is final expense whole life insurance from MetLife?

It’s life insurance that provides funds to help pay for your final expenses which may include such things as your burial costs, funeral, memorial service and other related expenses.

Today, the average cost of a funeral and related expenses may exceed $7,700 according to a study from the Funeral Directors of America.

A final expense plan from Metlife offers up to $20,000 of whole life insurance with guaranteed approval for people age 45 to 75. There’s no health examination required and no health questions for you to answer.

Rates start as low as $10 per month for Final expense whole life insurance from Metlife.

Life Insurance – Do They Test for Drugs?

Yes, life insurance companies do test you for drugs if you apply for life insurance coverage.

The insurance company pays for a medical exam service to visit you at home or ay work to give you a paraded exam, and they usually draw some blood to send to a laboratory for testing to fins out if there are any health issues or illegal drugs in your system.

Usually, an applicant’s blood or urine may be tested for marijuana, cocaine, methamphetamine and other illegal drugs.

There are some insurance companies that offer life insurance with no blood tests or health examination, just some health questions for you to answer.

Your approval is based in part on your answers to the health questions. You may qualify to purchase up to $499,000 of life insurance coverage without taking any health exam, blood test or urine test.

Get a free life insurance quote with no exams and no drug tests.