If I buy a term life insurance policy and three month later I die, will my family get the money from my life insurance policy?

Yes, if you are insured and you die your beneficiary will receive the death benefit from your life insurance policy.

They will get the money as long as you didn't lie on your application and didn't commit suicide.

In most states there is a two year exclusion for suicide in life insurance. However, some states have a one year exclusion.

Also, the inconte...

The usual beneficiaries of a life insurance policy are the spouse or children of the insured person.

However, if a person has a financial interest as in a business, they can the business as the beneficiary of the life insurance.

This is sometimes the case with a key man life insurance policy when a business's top sales person based on their value to the business is named as the insured, and the business is the beneficiary.

Otherwise, the owner of the life insurance policy names...

My husband and I bought a term life insurance policy when he was 40 years old.

It's a 20 year term life policy and he is now 53. When it expires when he is 60 how likely is the life insurance company to renew the policy?

We have a young daughter who will just be graduating from high school at that time and the need to provide life insurance protection will still be there if something happens to him.

If you bought a "guaranteed renewable" rider on the term life insurance poli...