There are a few basic types of term life insurance policies.

The most popular type is level term life insurance. Then there's decreasing term life which isn't sold by many insurers anymore.

And, there's return of premium term life insurance which returns almost all of the premiums you paid for your life insurance if you outlive the term (duration) of your term life insurance policy. 

Level term offers you rates that remain the same each year for the term of your policy, while your amount of life...
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Is it possible for me to buy life insurance on my parents?

Yes, you may be able to buy life insurance for your parent.

In order for one person to buy a life insurance policy on another person there must exist "Insurable Interest" in that person. This means you rely on the person for some financial support, or you would suffer financially if the person were to pass away.

Insurable Interest does exist between parents and their children so you can buy life insurance on your parents.

Many children ma...
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It's quick and easy to request and compare life insurance rate quotes online among several of the leading life insurance carriers.

You can compare instant life insurance quotes by going to several different life insurance companies, or you can compare life insurance quotes by going to one website or agency that sells life insurance policies from multiple life insurance companies.

The main advantage of doing your shopping for life insurance in one place is that you will know yo...

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Yes, one person can own two or more life insurance policies.

Many people buy several life insurance policies because different types of life insurance products best meet different types of insurance needs, or simply because they want to diversify the insurance companies with whom their life insurance is with.

Life Insurance companies don't mind how many life insurance policies you own, as long as you can qualify for them financially.

That means, if you earn enough income to q...

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What does a life insurance company test your blood for when you have your medical exam?

Life insurance companies check your blood to verify you answered the questions truthfully on your application for life insurance coverage.

Also, they are looking for any health issues or use of illegal substances.

For instance, they may look for high protein or high cholesterol levels, as well as, any STD's, AIDS, HIV, or diabetes, among other things.

In addition, they will check for nicotine, continine, or an...
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Term Life Insurance is not the best type of life insurance for every situation.

Some people think they would only need life insurance for a temporary period of time.

However, if they are thinking ahead to their final years, and worried about where the money will come from to bury them, they may want to consider a permanent life insurance policy.

If your need for life insurance is temporary, not permanent, Term Life Insurance is best for its relatively low price tag and flexib...

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If someone who is 24 years old has college debts, a spouse, children, a home, or other financial obligations or debts, then life insurance can be a good way to take care of those.

Older people over age 30 usually have more financial resources saved up, while life insurance may be the only way a younger person can take care of debts and other financial obligations.

Life insurance rates are usually extremely low at age 24, and you can lock in rates for 30 years or more with a 3...

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A term life insurance policy will typically only pay out a death benefit if the insured were to pass away before the end date of the policy.

Term life insurance policies are typically sold in ten, fifteen, and twenty year terms which is how long your coverage will last. Remember every policy is different.

Read your life insurance policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over your lif...

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Yes, you can buy a life insurance policy for your father.

As long as your father gives his permission/consent, and he can qualify for the life insurance coverage, yes you can. 

He would need to sign the application for life insurance coverage.  You would be listed as the Owner and Premium Payer of the life insurance policy.

You would want to name yourself as the beneficiary of the life insurance policy, which means upon your father's death, you would receive the death benef...

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Yes you can buy life insurance on your parents. You'll need to justify the amount life insurance on your parents, and you will need their signature on the application acknowledging them as the insured on the life insurance policy.

Life insurance on parents is an under utilized financial tactic for the next generation's economic benefit.

If you buy life insurance on your parents, they are the insured’s, and you are the owner of the policy and you pay the premiums. You wou...

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The cost of one million dollars worth of life insurance protection depends on the length of coverage which may be for a term of 5, 10, 15, 20, 25 or 30 years.

Term life insurance offers from 5-30 years of coverage and permanent life insurance provides coverage up to age 121.

However, the cost of your million dollar life insurance policy will also depend on your gender, age, smoking status, health history, family health history, current medical condition, your height-to-weig...

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What happens at a life insurance exam depends on your age, the life insurance company, and the amount of life insurance for which you are applying. 

If you are young and applying for a small life insurance policy under $100,000 of coverage, it is possible that all that is needed is answering some medical questions, and maybe giving a sample of urine for testing.

For most people that apply for a medically underwritten life insurance policy over $100,000 of coverage, a blood ...

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To get life insurance on someone else, you can go to any life insurance website or insurance agency that offers life insurance coverage.

If they want to see someone face to face, you should contact a place near the person you want to insure for life insurance.

If the person you want to insure for life insurance will be signing a digital application online, they can do it from across the nation from you and/or your insurance agent.

In order to buy life insurance on another pers...

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