Yes, your cholesterol levels may impact your approval and the rate you pay for your life insurance policy.

Since high cholesterol is an indicator of possible future health problems, a high cholesterol level may increase the rate you pay for your life insurance policy.

However, your age and how your high cholesterol is managed will also have an affect on your life insurance rate.

The insurance company all also consider your height-to-weight ratio, if you smoke, and what prescription you take to h...
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Yes, most people who have had a heart attack may be able to qualify for life insurance coverage.

If you were under age 40 when you had your heart attack, you may need to settle for a guaranteed issue life insurance plans or simplified issue life insurance coverage.

If your heart attack was at an older age, your heart function is still good, you have addressed any issues that led to the heart attack (CAD, diet, etc), and several years have passed since having your heart attack,...

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Is there life insurance available for people over age 60 with no health examination required?

Yes, people over 60 may qualify for life insurance without taking a medical exam.

In fact, Globe Life offers up to $30,000 of simplified life insurance without any medical exam. There are a few Yes/No health questions for you to answer.

Globe Life is rated "A+" Superior for financial strength by AM best Company. And, Globe Life provides a 30 day money-back guarantee.

Just $1 starts up to $30,000 of life ...
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If you fill out an application for life insurance coverage, it will ask you: "What is the purpose for your life insurance policy?" That is because the purpose varies from person to person.

Some of the more common purposes for which people buy a life insurance policy include:

• To replace their income for their family.
• To hire others to replace their contributions to the family that would be lost upon their death of the insured (daycare, transportation, cleaning services, lawn ...

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Yes, life insurance may cover death resulting from skydiving.

However, some life insurance carriers have varying degrees of expertise in underwriting different risks for life insurance; such as, skydiving, or other high risk activities.

There are some insurance companies who are very proficient in underwriting risky hobbies in general, and skydiving in particular.

You may want to contact a life insurance company that specializes in insuring high risk hobbies including skydivin...

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Choosing the right amount of life insurance protection for your loved ones is one of the most important decisions you make when purchasing a life insurance policy.

You don;t want to spend more than you need on your life insurance, but you want to get the coverage amount that will meet your goals, and protect your family's future.

How can you go about finding how much life insurance you really need?

It's easy. You can use a life insurance needs calculator. 

You just answer some basic questions abo...
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Here is a list of the highest rated life insurance companies for financial strength:

New York Life

Northwestern Mutual 

TIAA-CREF 

USAA

They all have the highest financial ratings an insurance company can achieve from the credit rating agencies.

You can visit AM Best Company, Moody's or Standard & Poor's to check on the financial strength ratings of insurance companies.

Here is a list of the Top 10 Life Insurance Companies and their financial strength ratings from AM Best ...

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If you need a large amount of life insurance coverage for a temporary period of time, Term life insurance is much more cost effective, at least in the short run, than Whole life insurance.

While Whole Life insurance builds up cash values inside the policy over time that can make it come out ahead of term in the end, not everyone can afford the amount of life insurance coverage they need in a permanent life insurance policy.

Sometimes purchasing a combination of Term life and ...

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The amount of life insurance you need will depend on your own personal situation, and what goals you want your life insurance policy to accomplish.

Many people choose to buy the amount of life insurance that will eliminate their debt and provide enough money to help their loved ones continue the lifestyle they have enjoyed with the insured person.

If you want your children to got o college, you will provide enough life insurance for that goal.

If you want to provide funds for your spouse's retir...
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Yes, people over age 70 may qualify for life insurance coverage.

It depends on the person's age and health, and the life insurance company's guidelines for approval.

In addition, the type and amount of life insurance the person needs will impact acceptance, and the cost of the life insurance policy.

It would be easier for someone over 70 to qualify for a term life insurance plan providing coverage for 10 years or less, instead of a permanent life insurance policy providing lifetime protection.

In...
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If you have diabetes and need life insurance you may be wondering if you can even qualify to purchase a life insurance plan.

Some life insurance are more willing to insure people with diabetes, while other insurers are more strict with their approval guidelines when it comes to insuring diabetics for life insurance.

Whether or not you qualify for a diabetic life insurance policy will depend on the insurance company and your own personal risk factors.

Your risk factors will include your age, heal...
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Yes, you may be able to buy a life insurance policy on your brother if you have an 'insurable interest" in your brother.

Insurable Interest means that there is some sort of financial link between you and your brother. Either you rely on him for some financial support, or you may suffer financially if he were to die.

Your brother would, of course, need to cooperate in the process, sign the application for life insurance and provide medical information.  There are many circumstan...

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Anyone can own their own life insurance policy, when they are the insured person of the life insurance policy.

Sometimes people think that someone else should own their life insurance policy for tax purposes, when the possibility of their estate ever being large enough to incur estate taxes is nil, and life insurance does not incur income taxes.

But there are legitimate situations (for tax purposes and otherwise) where another person owning the life insurance policy on your ...

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Yes, life insurance policies may cover skydiving accidents.

If you got a life insurance policy that did not explicitly exclude death related to skydiving, the life insurance policy will pay for death that was caused by a skydiving accident.

However, this is taking into account that you did not lie about your past and future skydiving intentions on your application when you applied your life insurance policy.

The life insurance company has a two year contestability period calle...

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Yes, you may be able to qualify for life insurance if you have Grave's Disease.

If your Grave's Disease is in remission, or has caused hyperthyroidism that is is well controlled by medication, Grave's Disease will not make much impact on the rate you are charged for your life insurance policy.

If combined with other health conditions, or if you have some health complications from Grave's Disease, you might be rated up or even turned down for some life insurance policies.

Howe...

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Corporate owned life insurance (COLI) policies have been used for many years, but it's purpose has changed over the years.

It began as a way to provide necessary money to a business when a key employee died. The death benefit allows the employer to recoup some of the loss of earnings incurred when a productive employee dies, and provides money for recruiting and training a replacement.  

For many years, it was a common practice for an employer to take out life insurance on a...

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Is there life insurance for cancer survivors?

Yes, there may be life insurance available for a cancer survivor.

However, whether or not you qualify for cancer survivor life insurance will depend on the insurance company guidelines for acceptance.

In addition, your age, when you were determined to be in remission, and your current health, as well as, the medication you are taking may impact your acceptance for life insurance coverage.

In addition, if you are turned down for life insurance you may ...
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If you have Hepatitis C you may have more than one option for purchasing a life insurance plan.

In fact, you can try a fully underwritten life insurance policy that requires a medical exam.

However, in addition, you may want to consider simplified issue life insurance plans with no exam but some health questions, or you could try a guaranteed issue life insurance plan.

Whether or not you qualify for any of these plans may depend on your health, and whether you have liver damage.

If you have had s...
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As long as you have an insurable interest you can buy a life insurance policy on another person.  That interest need only be present at the time you purchase the life insurance policy.  If that interest ceases you can still own the life insurance policy on the other person's life. 

In addition, you may need the person you want to insure to sign the application for life insurance and answer some health questions.

There are many scenarios where this is practiced and generally is...

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Yes, you can take out life insurance on your spouse.

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

Insurable interest basically means you rely on the person for financial support, or you may suffer financially if the person were to die.

There does exist insurable interest between spouses, so you can take out a life insurance policy on your spouse.

When purchasing the life insurance on your spouse you may need your spouse's signature and he or she ...
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What are average premiums for life insurance?

There is no one average premium for a life insurance policy because pricing depends on the amount and type of life insurance you buy.

In addition, each person has their own personal risk factors that will impact their rate for a life insurance policy.

Personal risk factors may include your gender, age, health, lifestyle, occupation, hobbies, if you smoke, and your driving record, among other factors.

The younger and healthier you are when you buy life...
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How much you spend on your life insurance policy will depend on several things, including how much life insurance you need and what type of life insurance policy you want to buy.

There are several factors that you have to consider when deciding how much to spend on your  life insurance.   First consider your age.  The older you are when you purchase your life insurance plan, the higher your cost of life insurance.

Then factor in your health, smoking status, and lifestyle inclu...

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What is life insurance with premium return?

It's a type of life insurance policy that provides term life insurance for a set period of time, usually up to 30 years.

If you outlive the term (duration) of your term life policy, the insurance company returns almost all of the premiums you paid. So, you get most of your money back with this type of life insurance plan if you are alive when the term life policy expires.

However, return premium life insurance costs more than regular term life insuranc...
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Yes, there is life insurance available for elderly people.

There are several life insurance plans available for the elderly with No Exam required.

Final Expense life insurance policies can be purchased by people usually up to age 80.

There is quite a bit of leniency on the health questions for these these no exam senior life insurance policies policies, but it is possible to be declined. The maximum amount of life insurance offered is usually up to $25,000 for this type of lif...

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Yes, life insurance policies may cover skiing.

If you are a recreational skier, there will not be any difference in your price than if you did not ski at all. Your life insurance policy should pay out a death benefit whether your death occurred by illness or accident, even if it was a skiing accident that was the cause of your death. 

Your rate for your life insurance coverage might be higher, or the skiing might be excluded as a cause of death, if you are a professional ski...

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Yes, type 1 diabetics can may qualify for life insurance, and sometimes a person with type 1 diabetes will have an easier time finding affordable life insurance coverage than a person with poorly controlled type 2 diabetes.

With good control of your diabetes and no side effects, type 1 diabetes life insurance can be issued in a life insurance policy that pays 100% from day one and has no limit on the face amount. This means, you would have full coverage immediately once you a...

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