what's term life insurance/is there any that covers you no matter ...

by hirby

Age.

If I am not allowed to have whole life insurance due to being on medicaid, can my son purchase a policy on me..are there any he could purchase without me having an exam and a lot of health questions?

can someone make payments to a funeral home so there is something at least before you die to help assist my kids by paying at least a little (I am poor)

First, term life insurance provides coverage for a specific number of years, it does not last forever.

If you are unable to get whole life insurance, it seems term life insurance may be the only option for you.

Yes, your son can buy the policy for you and even pay the premiums. They will probably need your signature to take out the policy.

Yes, there are no medical exam life insurance policies. There is globe life, stonebridge life and term life with no exam coverage that offers up to $250,000 of protection, depending on your age.

If you only need $30,000 or less of coverage to provide for your funeral expenses you may want to consider Globe Life. They offer up to $30,000 of simplified life insurance to people age 78 and under. You can apply online in minutes and get approved for your policy today. There’s no medical exam and Globe Life has more than 2.5 million policyholders.

You can learn more about Globe Life at http://www.term-life-online.com/globe-life-insurance.html

I hope that helps! Best of luck to you.

Term insurance is insurance that only lasts for a given period of time - maybe 5 years. If you are still alive at the end of that time, the policy is over and won’t pay anything out - your premiums paid for the protection during that 5 years.

Whole life is a policy that is part insurance and essentially part savings account.

For your son to purchase insurance on you, he’d have to have your signature, plus the rules for getting the policy (like the health questions and exam) would be the same as if you purchased it yourself.

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