How To Get The Best $25000 Whole Life Insurance Policy
Written by Daniel Ray, Life Insurance Expert |
✅
Fact Checked by
Lisamarie Monaco |
Editorial Disclosure
A 25000 whole life insurance policy? How much is 25k? You came to the right place.
If you want to find the best whole life insurance rates, but can’t get any lower than $50-100K – then this is your lucky day. We’ll show how small policies work and make sure that no matter what level of coverage suits YOU best!
Table of Contents
- What Is A 25,000 Whole Life Policy And What Are The Basics
- How Much Is A $25,000 Whole Life Insurance Policy
- How Do You Qualify For A $25,000 Whole Life Insurance Policy
- What Is The Best Way To Get The Lowest Rate
- What Are My Options If I can’t Afford A $25,000 Whole Life Insurance Policy
- Our Top 2 Carriers For $25,000 Whole Life Insurance Policy
- Do I Need A $25,000 Whole Life Policy
- Related Articles
- FAQs
What Is A 25,000 Whole Life Policy And What Are The Basics
The 25,000 whole life insurance policy is a great way to provide peace of mind for your family. With three permanent benefits, you can be sure that seniors will:
1) Never have an increase in price or
2) Never have coverage decreasing over time!
3) Policy Does Not Expire (As long term as you pay your insurance premiums)
4) And with the cash value portion growing each month as well-what better thing than this?
Life insurance is all about peace of mind, but it can also provide a great financial benefit. You are insured for $25K in case something happens and you need money to take care of your loved ones or yourself–no strings attached!
I think most people would be happy with the idea that they have this kind of protection if their life otherwise ended before its time.
Burial and Funeral expenses can be expensive, so it’s important to find the right coverage. One way of ensuring your loved ones are taken care of is by purchasing a life insurance policy with an immediate cash payout option- this will allow them money for their final expense needs without any hassle or delay!
How Much Is A $25,000 Whole Life Insurance Policy
Listed below are some quotes for whole life policies. These prices can vary depending on your current and past medical history. But in general, they’re more affordable if you don’t have any major concerns or conditions that would affect the cost of coverage like cancer treatment plans.
The Cost Of Whole Life $25000 Insurance Policy For Men and Women
The following are some real quotes for a $25,000 whole life burial insurance plan.
| Age at Application | Women | Men |
|---|---|---|
| 45 | $36.20 | $52.54 |
| 46 | $37.80 | $54.45 |
| 47 | $39.51 | $56.48 |
| 48 | $41.31 | $58.61 |
| 49 | $43.22 | $60.86 |
| 50 | $45.25 | $63.25 |
| 51 | $47.39 | $65.90 |
| 52 | $49.66 | $68.72 |
| 53 | $52.07 | $71.66 |
| 54 | $54.61 | $74.81 |
| 55 | $57.31 | $78.14 |
| 56 | $60.35 | $81.86 |
| 57 | $63.59 | $85.82 |
| 58 | $67.05 | $90.05 |
| 59 | $70.79 | $94.59 |
| 60 | $74.79 | $99.47 |
| 61 | $78.75 | $104.24 |
| 62 | $83.00 | $109.30 |
| 63 | $87.55 | $114.73 |
| 64 | $92.43 | $120.53 |
| 65 | $97.70 | $126.77 |
| 66 | $103.25 | $134.37 |
| 67 | $108.70 | $142.61 |
| 68 | $114.17 | $151.54 |
| 69 | $119.61 | $161.14 |
| 70 | $125.08 | $170.30 |
| 71 | $135.70 | $183.40 |
| 72 | $141.33 | $196.00 |
| 73 | $154.06 | $209.70 |
| 74 | $164.65 | $224.60 |
| 75 | $176.22 | $239.06 |
| 76 | $190.82 | $256.84 |
| 77 | $203.97 | $274.30 |
| 78 | $216.29 | $293.45 |
| 79 | $228.73 | $314.41 |
| 80 | $240.35 | $337.41 |
| 81 | $260.73 | $356.85 |
| 82 | $280.08 | $378.07 |
| 83 | $298.46 | $401.15 |
| 84 | $316.57 | $426.10 |
| 85 | $334.95 | $452.84 |
| 86 | $423.06 | $585.38 |
| 87 | $509.69 | $686.44 |
| 88 | $596.31 | $787.50 |
| 89 | $682.94 | $888.56 |
How Do You Qualify For A $25,000 Whole Life Insurance Policy
If you’re looking for a life insurance plan that has the minimum coverage of 25 thousand dollars, then this is just what you need. This underwriting process will be fast and easy with no medical exams required!
It’s important to remember which questions can affect wherein price range or if there’ll even be an offer on the table so read carefully before answering any question – some may seem vague but rest assured they have specific meanings behind them because how else do we know if something counts as being healthy enough?
Below are the three possible outcomes when qualifying for a 25,000 permanent life insurance policy.
Simplified Underwriting (Health Questions, But NO Medical Exam)
Insurance plans that are “simplified” also have fast approval times. They don’t require medical exams or questionnaires, just an applicant’s answers to some basic health questions and their prescription history check-up (if they’ve had one in recent years).
The process usually takes less than 15 minutes for most applicants but can be days if your policy needs more information before approving you!
Guaranteed Issue (No medical Questions)
Above all, these are the types of life insurance policies that you see on TV with a paid spokesman or are flooded in your mailbox. However, we only offer this type of product to the severely ill with pre-existing conditions such as cancer patients, dementia, or terminal patients.
So if you are not severely ill, DO NOT get this policy as you will pay 30% higher in price and they have waiting periods.
Waiting Periods
The insurance industry is a tricky business when it comes to waiting periods. Above all, life Insurance companies that offer guaranteed issue life insurance will not pay out on their death benefit for any non-accidental deaths for two-three years.
However, they’ll refund all premiums and add an extra 10%. It’s important to note that this waiting period applies only in certain types of plans with health questions – so please read closely! Also, some will only offer up to 20,000, so 25000 whole life policies are out there.
You can imagine the insurers are taking on more risk when they don’t know anything about their applicants, so prices for these plans tend to be much higher. Plus you have an even greater cost burden because of how vague and discretionary it all is!
Traditional Whole Life Has Stricter Underwriting but Still No Exam
The plans with these longer and stricter underwriting rules still offer the convenience of not having to take a medical exam. With approval taking anywhere from 1-5 business days, it’s worth checking out if your health is in good shape or you want an investment that pays dividends when approved!
What Is The Best Way To Get The Lowest Rate
Online research is a great way to find the least expensive life insurance plans. However, you won’t be able to get very far with just that and it’s not because of lack of knowledge either!
There are plenty of companies out there who don’t offer their services online so if want lower rates than what your current carrier offers then we recommend looking into licensed agencies as they can help make finding affordable coverage easier for everyone involved.
Here’s the best way to get a good deal on your whole life insurance policy, by calling US!!
A lot of people think it’s all about comparing different companies, but when you are buying a 25,000 whole life insurance policy worth and want the lowest prices possible – an independent agent is necessary for getting those rates!
This is what InsuranceForburial.com specializes in!
And remember, stay away from gimmicks such as Colonial Penn, AARP, and Globe life just to name a few.
Whole Life Riders
Four types of whole life insurance riders can be added to specific whole life policies to boost their features and benefits.
Waiver of premium: In the event of disability, policyholders who have waived their premiums will still have to pay the premium.
Accelerated death benefit: If a policyholder is terminally ill and has less than a year to live, the insurance company will reimburse a portion of the policy’s face value.
The insurance company may automatically include this rider in your policy for no extra charge, so check yours to see if it does. For instance, if you have a $1 million policy, the company could pay you $750,000.
Term life rider: You can increase the death benefit of your whole life insurance policy by adding a term life rider.
If you want to increase the death benefit of your whole life policy at a lower price than if you increase it on the whole life policy, you can add a term life insurance policy and increase the death benefit.
Guaranteed purchase option rider: You can add $50,000 more in life insurance when you reach age 60 without taking a medical exam if you have this rider.
For example, a healthy 30-year-old can add $50,000 more in life insurance when he is 60.
What Are My Options If I can’t Afford A $25,000 Whole Life Insurance Policy
Working with a highly rated independent agent is your best option for life insurance coverage. Funeral and burial services can be tailored to fit any budget, from $2k-$50K in the event of their passing away!
A little of something in place is better than Zero of Nothing.
Our Top 2 Carriers For $25,000 Whole Life Insurance Policy
When you’re looking for the best final expense insurance company, it’s important to consider your medical history. That way we can find an option that will suit all of our needs and protect us from any possible future complications or emergencies while also giving peace of mind today!
These are our top 2, with American Amicable and Liberty bankers being close to making the cut.
Mutual of Omaha
Product: Living Promise Level
Age Availability: 45 – 85
Health Questions: Yes
Waiting Period: No
A.M. Best Company Rating: A+ (superior)
The company offers a great policy for healthy seniors with immediate coverage and rock-bottom premiums. If you can qualify medically, this will be the top option!
CVS/Aetna
Product: Accendo Level/Continental Life
Age Availability: 40 – 89
Health Questions: Yes
Waiting Period: No
A.M. Best Company Rating: A (excellent)
This plan could be a great option for seniors with specific medical conditions like lupus, bipolar disorder, and COPD. With day one coverage this is another top-tier insurance company to consider! In addition, they offer discounts if you have a medicare product with AETNA. Making this product a go-to for seniors over age 80.
Do I Need A $25,000 Whole Life Policy
This coverage amount is perfect for anyone who wants to cover funeral costs. It doesn’t matter what other expenses are left over, the beneficiary can use the money in this plan policy without restrictions!
The best part about these policies?
They’ll take off any burden from your surviving family members if they have unpaid final utility bills or even medical debts–which means no more stress on you while trying to balance everything else going forward after their death.
$25000 Policy May Be Good For:
- Level coverage amount
- Failure to qualify for a fully underwritten policy due to heath issues
- Level premiums of insurance
- No medical exam preference
- No savings for end of life costs
- Real lifetime policy
- Cover end of life expenses
Will $25000 Be Enough
Financial risks are not something to be taken lightly, which is why life insurance exists. $25,000 of coverage can protect your family from smaller costs like final expenses or debt left behind; make sure you get the right type for what matters most in this situation!
A whole life policy might seem expensive at first glance but it’ll pay off when providing more protection than any other kind could offer– especially if there’s ever an unexpected necessity that requires funds quickly.
Related Articles
FAQs
Look for guaranteed death benefits, fixed premiums, and cash value growth. Ensure the policy’s benefits align with your long-term financial goals.
Compare policies by checking the insurer’s financial strength, understanding the policy terms, and evaluating any additional benefits or riders offered.
Yes, riders like accelerated death benefit, waiver of premium, or accidental death can be added for more comprehensive coverage.
These policies offer a guaranteed death benefit, fixed premiums, and a cash value component, providing both insurance cover and a savings element.
Conclusion
Finding the ideal $25,000 whole life insurance policy hinges on matching it to your personal requirements and financial capacity.
Whether your preference leans towards a term or a whole life plan, our goal is to guide you in securing the appropriate level of coverage that aligns with your needs and financial planning.
With our assistance, you can confidently navigate the options to select a policy that truly resonates with your life’s objectives and financial strategy.
