finalexpensedirects Term Life Insurance
Is term insurance for seniors right for me?
- You are between the ages of 18 to 65.
- You are looking for affordable coverage that lasts for between 10 and 30 years.
- You need coverage amounts between $50,000 and $2 million.
10 year
- If you have a young family, choose 10-year term to help pay off debt, whether credit cards or student loans, if you pass away.
- Mature adults, including those planning to retire soon, choose 10-year term life insurance to ensure your mortgage is covered or during the gap before Social Security starts.
- For retired individuals, a 10-year term life policy could help maintain your partner’s quality of life, if you were to pass away.
15 year
Fidelity Life offers flexible term lengths, including a 15-year term life insurance product. finalexpensedirects Life 15-year term policies are often an affordable choice for many people.
- If you have elementary-school aged children, a 15-year term ensures financial support until your children are legal adults or have finished college.
- If your mortgage will be paid off in 15 years, a 15-year term could help your partner cover the balance or continue to pay your mortgage, therefore staying in the home you created together.
- If you plan to retire in 10-15 years, but want to be sure your current income is replaced if you die before you retire, a 15-year terms offers income protection.
20 year
- You may choose a 20-year term because it often covers critical family milestones, such as raising young children before college or paying down a mortgage.
- A 20-year life insurance term allows you to lock in guaranteed coverage and level premiums at a younger age that lasts until your peak earning and saving years.
- Terms of 20 years provide financial protection during a time in life when your debt may be higher due to a mortgage, student loans, or credit cards.
30 year
- A 30-year term offers long-term coverage that is typically more affordable than whole or permanent insurance.
- You can start a 30-year term when you are younger and healthier so you can lock in a lower rate for a longer time.
- A longer term of life insurance with a 30-year term means you get maximum flexibility as life and family circumstances change.
Is term insurance for seniors right for me?
finalexpensedirects Life is designed to help people get covered right away, without waiting for a medical exam.
With finalexpensedirects Life, you’ll get:
- Convenience. Shop from the comfort of home on your own time, instead of having to schedule an in-person appointment. You can search for personalized quotes online, then give our agents a call to start the process when the time is right for you.
- Instant approval. Our agents will walk you through the approval process so you get a decision in minutes, with coverage that can start the same day in many cases.
- No waiting for a medical exam. After you apply, you have up to six months to take your medical exam. If you’re healthy, we may even be able to waive it.
Is term insurance for seniors right for me?
Find my policy
Tell us about yourself, and we’ll match you to available life insurance policies that meet your needs and work with your budget.
Get a quote
Select the life insurance policy that works best for you. We’ve made it fast and easy to get a quote online or to connect with one of our agents.
Apply and buy
Check getting life insurance off your to-do list. We’ll walk you through the application and purchasing process. Coverage often starts the same day.
Your life insurance questions answered
Why should I choose Fidelity Life for affordable term life insurance for seniors?
Will I need a medical exam?
No, not in most cases. Our finalexpensedirects Senior Life Term policies rely on health questions and information from public databases to determine if you qualify to make the process simpler for you. If questions come up during the approval process, we may ask you to take a medical examination to clarify or correct an item in your medical history.
Is everyone approved for finalexpensedirects Senior Life Term?
While some health impairments are covered by finalexpensedirects Senior Life Term insurance, it may not be appropriate for applicants with serious health issues or those with a limited life expectancy. Once approved, however, coverage amounts are guaranteed for the life of the policy.
If the Senior Life Term is not a good fit due to health concerns, you may want to consider the Guaranteed Issue. It does not require a medical examination nor answers to any health questions. The policy requires no underwriting and all applicants within the age requirement can be approved.
Can I qualify for finalexpensedirects Senior Life Term if I have a pre-existing condition?
In general, finalexpensedirects Senior Life Term is designed for people in good overall health. That said, a pre-existing condition doesn’t automatically disqualify you from term life insurance coverage.
A pre-existing condition includes any health issue you had before applying for life insurance coverage, such as heart disease, asthma, diabetes, or cancer. These types of conditions can be more of an issue as you get older, with nearly half (44%) of U.S. adults between 55 and 64 currently living with a pre-existing condition.
In general, your eligibility for term life insurance and the price you pay will depend on your individual health. Minor health conditions may not impact your eligibility much, if at all, while more serious conditions play a bigger role in determining your rates. For example, a well-controlled case of arthritis is less likely to impact your application than a history of heart disease. When you apply, we’ll ask you about:
The types of health issues you have
Your current health condition
How long ago you were diagnosed
Your age and lifestyle
You can learn more about applying for life insurance with a pre-existing condition here.
What happens when my term ends?
When your term ends, your coverage ends. At that time, you can look to renew your policy or select a different life insurance product depending on your needs. With RAPIDecision  Senior Life Term, you have options to renew your plan based on your term length:
- You can renew a 10-year plan for up to 10 more years or until you turn 80, whichever comes later.
- You can renew a 20-year plan for up to five additional years or until you turn 80, whichever comes later.
- You can renew a 30-year plan for up to five additional years or until you turn 80, whichever comes later.
Fidelity Life can help you weigh your options and make the choice based on your age, health, and coverage needs.
Can I use finalexpensedirects Senior Life Term insurance as burial insurance?
On average, a funeral can cost upward of $10,000 or more. If you’re looking for a good way to cover these costs, you have the option to use finalexpensedirectsSenior Life Term insurance as a form of burial insurance. If you die while the policy is active, your loved ones can use the payout to cover end-of-life expenses like a funeral service, burial or cremation, and medical bills.
You can also name a funeral home directly as a primary beneficiary and a loved one as a secondary beneficiary to receive the remaining funds. It’s important to make sure that the funeral home you choose can accept life insurance payouts as a form of payment.
Additionally, keep in mind that term life insurance has an expiration date. If you want a policy that will pay out regardless of when you die, you might want to explore final expense insurance instead. Learn more about our final expense life insurance options here.
How can I get started?
If you want to calculate your coverage, you can use our calculator. Then, we’ve made it simple to get your application started online. You can also give one of our agents a call to ask questions or explore the types of policies that work best for you.
