Can You Purchase Term Life Insurance With No Job?
Posted August 10, 2009 – 4:20 pm in: term life insuranceYes, you may be able to purchase term life insurance with no job.
Some people live off of interest on their investments, or are retired, and no longer have a job, but they have a need for life insurance.
You can apply for coverage and see if you are accepted for life insurance.
Some insurers even offer the option of applying for coverage online in just minutes.
Also, people who have been laid off, or fired from their jobs, may have lost their benefits, including life insurance, and still have a need for life insurance, and can apply for coverage.
Insurance companies take into account that people either lose their jobs, retire, or become disabled; however, they may still qualify for life insurance.
5 Comments
yes you can
yes, every person can purchase a term life insurance even if he isnt in a job, because there is a human life value attached to each human, though there is a minimum cap of face amount available for such people with availablitity of specified documents asked by insurance companies. for example- housewives, students, jobless people can apply for life insurance subject to financial and medical underwriting
Yes. You just need the income to make your monthly payments. If you can make the payments you can buy the insurance.
Know more on insurance policies and also compare themhttp://www.paisawaisa.com/insurance/
Yes, you can.
impossible