I’m looking for two policies: a $500k 35F policy for me and a $1 million 36M policy for my spouse. All we need are simple term policies that will last till we reach retirement age. Would prefer no-exam policies, but would be open to recommendations for those that do provided the case is strong.
Look for term policies that match your retirement timeline, around 25-30 years. No-exam policies are convenient but may have higher premiums. If you’re in good health, consider an exam policy as they often offer better rates. Compare quotes from multiple insurers to find the best option for both policies.
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If whole life conversion is important to you, and you would like have the option available to implement infinite banking in the future, Penn Mutual, Lafayette Life, and One America are all excellent choices
Protective, Principal, Symetra, John Hancock, Pacific Life, and Lincoln all have terms for that sum without an exam.