If you are parents in need of life insurance protection for your loved ones, you may be considering term life insurance.

Term life insurance is the most affordable type of life insurance policy available.

It provides you with a death benefit that is paid out to your beneficiary upon your passing.

With term life, you can select a duration of coverage of 10, 15, 20, 25 or 30 years, to meet your family's specific life insurance needs.

Term life offers the maximum amount of life insurance protection ...

Continue reading ...

What is the best life insurance policy for a healthy thirty year old?

It depends on the reason you need life insurance - what is your goal you want your life insurance to accomplish?

Then, consider how long you will need your life insurance to last to accomplish that goal.

If you need life insurance to last for more than 30 years, then whole life insurance can help.

If you need life insurance to last for a duration of thirty years or less, then term life insurance is by far the most affordable pr...
Continue reading ...

If you're shopping for life insurance for the first time and realize you need life insurance but you have some questions, you'll want to consider the following questions:

• What goal do you want your life insurance to accomplish?
  
• How long do you need life insurance?
  
• How much life insurance do you need?
  
• What is your monthly budget to spend on life insurance?
  
• Does your spouse or partner need life insurance?
  

Next, you'll want to compare life insurance carriers and pricing. When comparing rates and insur...
Continue reading ...

There are many several options for buying term life insurance.

1. You could contact a local life insurance agent.

2. Call life insurance companies direct.

3. Visit a life insurance website offering instant life insurance quotes.

Some insurers even let you get free quotes and apply online for coverage.

In addition, some life insurance brokers have access to a large network of life insurance companies and offer you the option of comparing rates and applying online for your life insurance policy.

For ...
Continue reading ...

What is good life insurance for young parents?

If you have young children you may want to consider your long and short term needs for life insurance.

Permanent life insurance can provide for your final expenses and protect you for your entire lifetime.

However, if you need more life insurance while your family is growing, and until the kids are on their own, you may want to consider a 20 or 30 year level term life insurance policy for you and your spouse.

Level term offers the lowest rates for li...
Continue reading ...

What is the best life insurance for newlyweds?

The best life insurance for newlyweds really depends on your personal situation and what you want your life insurance to accomplish.

If you both need life insurance to provide for your final expenses, funeral and burial costs, then a permanent life insurance policy may be a good idea. However, if you are young, you probably have many years to save for those expenses.

If you are young, or on a budget, or just want to get the most life insurance for y...
Continue reading ...

You may want to buy life insurance now if you have a reason for life insurance coverage, an actual need.

Many people buy life insurance now because rates increase with age, so, the sooner you lock-in your rate for life insurance, the lower the cost of your life insurance policy.

In addition, if you do have a need for life insurance, why procrastinate? Why not get the protection you need now, instead of putting your loved ones at risk, in case you die unexpectedly?

There are many reasons people c...
Continue reading ...

Yes, you may be able to purchase a $10,000 life insurance policy.

Most life insurance carriers offer a minimum amount of $25,0000 of life insurance.

However, some insurers offer smaller limits of coverage which may be even less than $10,000 of life insurance.

Usually, the lower limit life insurance plans do not require any medical exam and may ask a few health questions, if any, when you apply for your life insurance policy.

However, there may be age limits whereby you need to be age 78 or under ...
Continue reading ...

When purchasing your life insurance policy, you should make sure you are working with a reputable insurance company and a reputable insurance agent.

Make sure your life insurance agent is properly licensed.

Also, check the financial rating of the insurance company and make sure the life insurance company is rated "A" Excellent, or better, for financial strength by A.M. Best Company.

Look at guarantees and compare "apples to apples" when comparing life insurance policy pri...

Continue reading ...

Yes, you can purchase life insurance coverage on your parents.

You can buy a life insurance policy on anyone with whom you share an economic insurable interest, including your parents or spouse.

The parent or parents you wish to insure will  need to sign as the policy "Insured" on the application for life insurance coverage, and have to be mentally competent to do so.

In addition, your parents may need to answer some health questions, or take a medical exam to find out if they...

Continue reading ...

My dad is 50 years old and my stepmother is 37, and he wants to purchase life insurance for her. He will pay for the life insurance policy and he is the beneficiary.

Also my stepmother is a housewife.

He was told that he cannot purchase life insurance for her, until he has the same amount of life insurance on himself.

Does this make sense?

No, this does not make sense. The amount of life insurance purchased on one person should not affect the amount of life insurance on ano...

Continue reading ...

The price you pay for your life insurance depends on your age and health, among other factors.

Also, there are several types of life insurance available, so the type of plan you choose will impact your premium, as well as, the amount of life insurance coverage you need.

The life insurance company will ask you several questions about your lifestyle and health to determine the rate to be charged for your life insurance.

Your personal risk factors will help the insurance company determine your life...
Continue reading ...

Yes, most people can get a life insurance policy if they have Hep C. 

If you want life insurance that pays 100% of the death benefit from the first day you are insured, or for face amounts of life insurance coverage over $100,000, there will be some medical requirements. The Hepatitis C must be stable and liver labs close to the normal range.

People who have never had a liver biopsy will pay higher rates for their life insurance plan, although if you have had a liver biopsy ...

Continue reading ...

Yes, you may be able to purchase a life insurance policy on the life of a relative.

You can usually get life insurance on a relative, but even with relatives, some insurable interest must exist between you and your relative in order for you to buy life insurance on the relative.

For example, Nephew Steve cannot take out a life insurance policy on Aunt Amy unless Amy has been living with Steve, if Steve has been contributing to her financially, if Amy loaned Steve some money, or...

Continue reading ...

You can name any person, business, or organization as your beneficiary who is a relative, a charity, and/or has an insurable interest (would suffer financial loss if you were to pass away).

You are not required to name your spouse as the beneficiary of a life insurance policy. 

You as the owner of the life insurance plan can choose who you wish to be the one who receives the death benefit from your life insurance policy. Learn more about the beneficiary of a life insurance pol...

Continue reading ...

Why do people buy whole life insurance?

There are a few common reasons most people purchase a whole life insurance policy.

1. To provide lifetime life insurance protection.

2. To build up cash value in a life insurance policy over time from which they may be able to take a loan if needed.

3. Because they are older and don;t have any money saved to pay for their funeral and burial expenses.

Otherwise, many people choose to buy term life insurance because it costs a lot less, and provides the most l...
Continue reading ...

Yes, you can buy multiple life insurance policies.

When you apply for a life insurance policy the application will ask if you own other life insurance, if so, how many life insurance policies and how much total life insurance coverage do you already own?

The insurance company asks to determine if you are over-insured.

They don't want there to be an incentive for you to take your own life in the future. However, life insurance policies usually have a suicide exclusion of 1 or 20 years, depending...
Continue reading ...

Term life insurance is temporary life insurance coverage for a set period of time, usually up to 30 years.

So, would would someone buy term life insurance?

Usually people choose to buy term life insurance for any of several common reasons:

1. To get the maximum amount of life insurance for their money.

2. To have flexibility in choosing how long they have life insurance protection. 

3. To provide for short-term life insurance needs.

4. Budget - Because they have a limited amount of money and need t...
Continue reading ...

Yes, you can get life insurance on other people.

There must be insurable interest as defined by economic loss at the demise of the policy insured.

That means, you must suffer some financial loss of the insured person were to die, or you rely on the insured person for some means of financial support.

If no such financial liability can be established the life insurance company will deny the application. Unrelated parties with no business nor personal economic relationship cannot ...

Continue reading ...

The right time to buy a life insurance policy is when you decide you have a need for life insurance?

Many people decide to buy a life insurance plan when they experience a major life event, such as, buying their first home, getting married, starting a family, or experiencing the loss of a loved one.

However, if you are planning ahead for your financial future, and know you want to get married and start a family some day, you may want to consider buying life insurance while you are young and hea...
Continue reading ...

Yes, you can buy life insurance for your spouse.

In order to buy life insurance you need insurable interest in that person.

Insurable interest means you stand to lose financially if the person dies, or you rely on the person for some means of financial support.

There does exist insurable interest between spouses, so you can buy life insurance on your spouse.

However, you will need your spouse's permission/consent,your spouse's signature on the application, and your spouse may have to answer some ...
Continue reading ...

I want to buy a life insurance policy, but I only need it for a short period of time, what is available?

Many people need a short term life insurance policy if they lose their job, get a new position with a firm and don;t have benefits for the first several months, or had to let their previous life insurance lapse due to not having enough money available.

Whatever your reason for needing a short term life insurance policy, plans are available offering coverage for anywhere from 1 year up to 30 ...
Continue reading ...

Are you looking to buy term life insurance? 

If so, you may be surprised to find that now consumers have the option of buying their life insurance policy on the internet.

That's right, now you have the choice of getting a quote, applying for coverage, and buying your life insurance completely online - if you qualify.

Many insurers have made online life insurance coverage available, and there are even no exam life insurance plans which do not require you to take any medical examination - but ther...
Continue reading ...