![]() ![]() Option to convert to a permanent life insurance policy (10% of score): This is a good option to have in place if you decide you want a longer policy, especially if your health has declined and you don’t want to shop for new life insurance. Renewal rates can be significantly higher, but renewing can provide extended coverage to someone who may no longer qualify for a new life insurance policy because of health.0% of score): This important feature lets you access part of your own death benefit in the event you develop a terminal illness. Note that maximum no-exam coverage can sometimes become lower if you apply at a higher age.Īge eligible for best length/amount (10% of score): Companies offering no-exam life insurance to people over age 50 earned extra points.Īccelerated death benefit available (1 Guaranteed renewals (5% of score): This option lets you extend the coverage after your initial level term period has expired, such as at the end of 10, 20 or 30 years. Maximum face amount for lowest eligible age (10% of score): Companies with higher no-exam life insurance coverage amounts for the lowest age earned more points. Price (50% of score): We averaged the no-exam life insurance rates for males and females in excellent health at ages 30, 40 and 50 for $500,000 and $1 million and a term length of 20 years. To find the best no-exam life insurance we scored companies based on these measurements: An accidental death/dismemberment rider provides an additional payout to your beneficiaries if you die as a result of an accident, or to you if the accident causes you specific serious injuries, such as the loss of your limbs or sight.Ī waiver of premium for disability can pay your premium until age 70 or the end of the policy term, whichever comes first, if you have a disability that occurs prior to age 60.A children’s term rider can provide a low amount of term life insurance for each of your children for a small charge.This rider is automatically included on Jenny Life policies as long as your rate is “standard” or better. An accelerated death benefit rider lets you access your own death benefit money if you are diagnosed with a terminal illness after buying the policy.Jenny Life offers these options for its no-exam Simplified Issue Term policy: ![]() Rider availability can vary by policy type. Life insurance riders are a way for policyholders to enhance their coverage, usually for an additional charge. These types of life insurance are available through Jenny Life: Jenny Life agents can shop policies from dozens of insurers for coverage as low as $2,000 and up into the millions, for ages up to 85. If you don’t qualify for Jenny Life’s Simplified Issue Term policy (for example, because of health or age), a Jenny Life insurance agent can do a needs assessment for you and find a life insurance policy that’s a better match. ![]() This feature lets you convert the term life policy to permanent life insurance. This can be an option for people who want to continue coverage but who wouldn’t be able to get a lower price with a new policy because of health.Ī term life conversion is available with Jenny Life’s Simplified Issue Term. If you renew after the level term period, you’ll be charged more each year based on your current age. Jenny Life’s Simplified Issue Term policy automatically renews at the end of the level term period (such as at the end of a 20-year policy), and can be renewed yearly until age 95.
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