Do you still need life insurance in your golden years? Maybe, maybe not.

Life insurance is a financial instrument that protects the financial well-being of your loved ones in the event of your death. It provides an income with which to pay monthly expenses such as a mortgage, car loan and insurance, necessities like food and utilities, and of course the inevitable funeral expenses and unpaid medical bills. So the question of whether you need life insurance or not really comes down to whether you would be leaving anyone behind, and if that person has the ability to cover those costs on their own.

The primary reasons people over 50 years of age tend to dismiss life insurance are that they think it is going to be too expensive due to their age or that they will not qualify due to health conditions. While these factors do come into play, today there are life insurance options for everyone and there is no need to leave your loved ones unprotected.

According to personal money management expert, radio & TV personality and best-selling author Dave Ramsey, a term life policy is the way to go. Whole (or universal) life insurance policies offer horrible returns, he says, and are among “the worst financial products available.”

Fortunately, rates for term life insurance are at an all-time low, and if failing health is a concern you can now take advantage of a new life insurance product on the market called “Hybrid Life” that allows you to opt out of the medical exam completely. Fidelity Life is the sole provider of this type of life insurance, and has certified My Insurance Expert as one of only two companies authorized to offer it nationwide.

With Hybrid Life, a medical exam is completely optional, and it gives you a full six months to decide whether or not you would like to complete one. Completion of a medical exam affords you the opportunity to increase your policy benefits, and the six-month period provides ample time for you to improve your health for the maximum possible benefit of your policy if you so choose.

As part of the certification requirements, insurance Advisors at My Insurance Expert undergo extensive and ongoing training on Hybrid Life's unique features including the criteria that distinguish ideal application candidates. My Insurance Experts team of licensed Advisors are available for free one-on-one consultations on Hybrid Life as well as a host of other insurance options.