When comparing term life insurance policies there are several features to consider:

1. How much is the premium and how long is it guaranteed to stay the same?

2. How much life insurance coverage is provided and how long is it guaranteed to stay the same?

3. Does full coverage start immediately?

4. Is the term life insurance policy convertible to permanent life insurance without evidence of insurability, and for how long?

5. What is the financial strength rating of the life i...

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Yes, you may be able to buy life insurance on another person if you have an insurable interest in that person.

If you rely on someone else for financial support, or you would suffer financially if another person were to die, you may be able to buy life insurance on that person.

However, in order to purchase life insurance on another person you may need that person's permission, and the person may have to sign an application for the life insurance, and answer some health questions.

Usually, insur...
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If your life insurance policy lapses, it means that your life insurance coverage has ended.

In order to reinstate your life insurance policy coverage you will have to prove that your health has not changed, and pay any life insurance premiums due.

If that is not possible, you will have to get a new life insurance policy with life insurance rates which would be based on your current health and age.

Learn more about a lapsed life insurance policy and what that means.

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Usually, a life insurance company will require you to take a medical exam and draw blood and/or urine when you apply for your life insurance policy.

Then exam is paid for by the insurance company, and they check your blood for health issues; such as, high cholesterol, high protein levels, HIV/AIDS, STD's, diabetes, and other health conditions. In addition, they may check for use of prescription and illegal drugs.

A life insurance blood test may look for any signs of cocaine, marijuana, methamph...
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A joint life insurance policy provides life insurance protection for two or more lives.

When one of the insured persons dies, the life insurance policy pays the death benefit and the life insurance coverage ends. It no longer covers the other insured person under the life insurance policy. 

A joint and last survivor life insurance policy does not pay out a death benefit when the first person dies, but pays out the death benefit upon the death of the last person to die who is...

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Life insurance companies are rated by a number of different independent rating agencies.  

Therefore, which life insurance companies are top rated will depend on which rating system you choose to use when comparing financial strength of life insurance carriers.

Here are the leading financial rating institutions for insurance companies:

A.M. Best Company
Weiss
Moody's
Fitch
Standard & Poor's

It may make sense to use multiple rating systems to measure the insurance companies you are i...

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What is the best company for senior life insurance?

There are several highly-rated life insurance carriers offering senior life insurance plans.

When choosing your insurance company and plan make sure o find out the following:

1. What is the financial strength rating of the insurer?

2. How much will the life insurance cost?

3. When does full coverage start - immediately or after 2-3 years?

4. How long is the rate guaranteed to remain level?

5. How long will the life insurance coverage last?

There are...
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Have you been turned down for a life insurance policy? 

There are many reasons people may be turned down for life insurance coverage; such as, due to your age, health, driving record, use of illegal drugs, etc.

However, if you have been turned down when you applied for coverage, you may still have other options available to get insured.

For instance, guaranteed issue life insurance plans offer no exam life insurance with a limited amount of life insurance coverage available. In fact, some plans ...
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You can get life insurance quotes over the internet by visiting a life insurance website offering life insurance quote comparisons.

Some websites have access to life insurance brokers that sell your information to others and will contact you by email or phone about your quote request.

While others provide instant life insurance quote comparisons from a large network of life insurance companies with no delay. That way, you can see for yourself without any delay which life insurance carriers may ...
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There is no one best life insurance company for all seniors, although some are certainly better for older people than others.

The one life insurance carrier that is best for you will depend on your age, what amount of life insurance you need, what type of life insurance plan you want, your health, and even the state in which you reside, among other factors.

If you are over age 60 and looking for life insurance to cover your funeral costs, you will most likely find your most ...

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Term Life Insurance is life insurance for "temporary" needs that may last up to 30 years, or less.

For example,iIf you have 15 years left on your home mortgage loan, purchasing a 15 to 20 year term life insurance policy is a cost effective way to cover that substantial debt, in case you die within that period of time.

You do not purchase Term life insurance to borrow from it in the future, because Term life insurance does not build up any cash value inside the policy, it is p...

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If you are just looking for a burial type life insurance policy which you would like to give to your child as a gift when they are an adult, perhaps when they have a family of their own, you might just start off with a $30,000 life insurance plan.

Underwriting is usually minimal in most cases on life insurance policies for children, meaning there is no health exam and few health questions. You can even get a quote and apply online for your child's life insurance plan in about...

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It is possible to take out a life insurance policy on your father.

Since he is your father, you have an insurable interest in him, which is required in order to buy life insurance on someone else.

However, when taking out the coverage you may need his signature on the application, and he may have to answer some health questions. But, some life insurance plans may not require his knowledge.

This article explains how to buy life insurance on your parent. You can even request a life insurance quote...
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Yes, you may be able to purchase a life insurance policy on someone else.

The insurance company will require that you have an "Insurable Interest" in the person you want to insure.

This means that you would suffer a financial loss if the person were to die, or that you rely on the person for some form of financial support.

There does exist insurable interest between spouses, siblings, parents and their children, family members, and business partners, among others.

In addition, if you want to insu...
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There are several reasons a life insurance policy may be denied, including:

1. The applicant's health - This can be anything from someone with uncontrolled diabetes or someone with cancer having only months to live. 

2. The applicant's health has not been stable for a certain length of time. This can range from someone who had very high blood pressure and only been on medication for one month, to someone with MS who has had a recent major exacerbation.

3. The applicant is ...

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When it comes to buying life insurance for someone over age 50, there are several highly-rated life insurance companies.

However, choosing the best company will depend on your needs and budget, as well as, the insurer's financial strength rating and what the plan provides you as far as immediate full coverage and affordability.

There are several well-known insurers of people over age 50 including Globe Life, Colonial Penn, AARP/NewYork Life, Metlife and Prudential, among others.

One way to find ...
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Are you looking for affordable life insurance coverage, and wondering how much your life insurance policy will cost?

If so, you should first understand how rates for life insurance are determined.

Each life insurance company has their own set of rating guidelines based on your personal risk factors.

In addition to the type and amount of life insurance you need, other factors affect the price you pay for life insurance.

These are called personal risk factors, and they help the insurers to determin...
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A whole life insurance policy is a type of life insurance that provides lifetime protection.

Whole Life offers guarantees on a couple different levels as it applies to your life insurance policy.  

First, the death benefit is guaranteed to remain level,  and second, the premium is guaranteed to remain level, and lastly, the cash value is guaranteed. 

Whole life insurance policies build up cash value inside the whole life insurance policy over time. You may be able to take a loan...

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There is no one life insurance company that has the best rates for everyone because each person has their own specific risk factors for life insurance; such as, being overweight, smoking, or over the age of 60.

Life insurance companies often have certain classes of risk in which their rates will be more competitive for a certain type of life insurance policy, or for a certain age range of applicants, or for a certain type of health status.

To find the best life insurance rate...

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Life insurance is a form of financial security for the ones you love, those who depend on your for financial support.

Life insurance proceeds are left to the people you choose as beneficiaries of your life insurance policy, and those funds can be used for any purpose they choose to use the money.

So, for instance, the death benefit from your life insurance could go to your spouse to be used for living expenses, to pay for your child's college education, to provide money for your spouse's retire...
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Guaranteed level term life insurance is life insurance that is guaranteed not to go up in price, or down in death benefit, for the entire term of your life insurance policy.

For example, if you took out a guaranteed level term life insurance policy of $1,000,000 for a 26 year term at a rate of $80 per month at age 26, you would be paying the same premium annually at age 55 as you were at age 26.

If you passed away any time during those 30 years, your beneficiary would receive ...

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When you apply for life insurance you answer some questions about your health and personal risk factor, such as, if you smoke, your height to weight ratio, and your driving record, among other things.

These risk factors impact your acceptance and rate for life insurance.

The insurance company wants to determine what kind of risk you present for life insurance - they do this by reviewing your risk factors and how these will impact your longevity - how long you are expected to live.

If you have a ...
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