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 ...

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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...
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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...
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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...
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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...
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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...

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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...

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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...

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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 ...

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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 ...
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