There are different "types" of no medical exam life insurance plans that are available.

Some life insurance companies offer life insurance up to a certain amount by asking a few medical questions and if you answer those satisfactorily the life insurance coverage is issued. This type of life insurance could cost you more than similar life insurance that is fully underwritten.

Some no exam life insurance plans offer up to $350,000 or more of life insurance without any health ex...

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Yes, I believe an accidental overdose is just that, an accidental death, and would be covered under your life insurance policy as a covered cause of death.

I would however expect a full investigation to rule out suicide as a cause of death if the life insurance policy is less than two years In Force.

If your life insurance coverage has been in place for more than two years, whether your death is accidental or intentional, the claim should be paid in a timely manner to your ben...

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The main reason to buy a life insurance policy outside of the employer provided plan you are given through your job is so you own your own life insurance policy.

This means, if you lose your job for any reason, you still have your own life insurance coverage that stays with you.

So, you won't lose your life insurance when you either retire, quit or are fired from your job. But, you can lose your life insurance benefits if you leave your job.

Owning your own life insurance policy...

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Your child may or may not need life insurance? That really is up to you as a parent to determine if you should buy life insurance on your child.

Why is it that parents like you get child life insurance plans?

It's actually very simple: Life insurance for your child is very affordable and can provide guaranteed life insurance protection for your child's entire life.

There are many benefits of buying children's life insurance policies.

Considering the increase in health issues related to children t...
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A whole life insurance policy can be a good investment for some people.

Life insurance creates cash upon the death of the insured person, and whole life insurance is designed to be "In Force" your entire lifetime, until you die, not if you die within a specified term or period of time.

From an estate planning point of view, that is a good thing, since it is guaranteed your beneficiary will receive the death benefit from your whole life insurance policy.

If you need life insu...

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Life insurance plays an important role in your financial and retirement planning.

Life insurance creates cash upon the death of the insured person, and can also offer tax advantaged growth inside the policy.

Your first step is to determine what you want to accomplish with your life insurance and if your need for life insurance is temporary (30 years of less), or permanent, for your entire lifetime.

If you have a family you might want your life insurance coverage to replace y...

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There are several different terms used to identify the cost of a life insurance policy.

Some of the more common terms used are the "quote, "rate" and "rating" of a life insurance policy.

Here are the commonly understood definitions of these life insurance terms:

A Life insurance quote is the price the life insurance company thinks you will get based on the information you provided when requesting a life insurance quote. 

If you are looking for a medically underwritten policy and ...

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After you apply for a life insurance policy It can take anywhere from hours, to months to be approved for your life insurance coverage.

If you are applying for a simplified issue life insurance policy that requires no physical exam or medical records, it can be signed digitally and approved on the phone, it may even go into effect the same day you apply.

The cons of a simplified issue life insurance policy: this type of life insurance policy does not dig too deep into your h...

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The best term life insurance is the best term life policy at the lowest premium to meet your unique personal life insurance needs.

First, you'll want to compare multiple term life insurance rate quotes among several of the leading life insurance companies to find the right combination of term life plans that will meet your exact needs and be sure you are purchasing them at the very best premiums.

When comparing rates and plans, make sure you consider:

1. The term of the policy ...

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In order to borrow money from your life insurance their must be some cash value inside the policy to borrow from.

Term life insurance has no cash value inside the policy, it is "Pure Protection".

However, permanent life insurance may have cash value that grows inside the policy over time. Usually, it takes a few years for some cash value to build up in a permanent life insurance policy.

Your life insurance carrier may allow you to borrow up to 80% of the cash value in your policy. This is consid...
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When you take a medical examination for a life insurance policy, you usually have a blood test and urine test in addition to the health questions and vitals check.

For older people the life insurance company may ask you to complete an EKG as well a mature assessment which looks at cognitive and mobile abilities. Seniors may be asked to perform the mature assessment.

Some common things life insurers look for in these health tests may include cholesterol levels, A1C (Blood Sug...

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Term life insurance is temporary coverage for a set period of time.

The term is the period of time that the premium and coverage is guaranteed.

If you have a term life policy and the guarantee period on it is expiring, you have a several options that may be available:

1. You can continue to pay the annual premiums as the term policy will be annually renew, however, the premiums will start to go up each year (based on age) by a substantial amount. That means each year you will ...

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Yes you can buy burial insurance on your parents, although some life insurance carriers may require that the insured pay the premiums.  

Otherwise, you as the owner of their burial life insurance policies may be able to pay the premiums.

It is usually fine for the adult child to own the insurance policy and be the beneficiary of the policy, too.  

Most of these burial insurance policies do not require your parents to take any medical exam, but may require the proposed insured to...

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Permanent life insurance coverage is the type of life insurance that may build up some cash value inside the policy over time.

With permanent life insurance, most of the premium ago toward the life insurance coverage, but a portion builds up inside the policy that may be used in the future for a loan, if needed.

Some life insurance companies allow the policy holders to borrow up to 80% of the cash value from their permanent life insurance policy. You pay the loan back with interest which goes b...
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The best age to buy life insurance is when you decide you have a need for life insurance.

You may want to consider buying life insurance as soon as you have a need, because rates for life insurance increase as you get older, and if your health changes, you may find it difficult to qualify for approval.

That's why it's important to lock-in the lowest rate for life insurance as soon as you need coverage.

If you have someone who relies on you for financial support, you may need life insurance.

Wheth...
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There are several very good reasons you may choose to purchase life insurance policies for your children.

For instance, Children's life insurance rates are the lowest there are, and you may be able to start a child life insurance plan for just a few dollars per month.

By locking in a guaranteed rate on whole life insurance protection for the child's entire life, you will never have to worry about medical issues or insurability issues prohibiting your child from qualifying for ...

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Term life insurance policies do not have any cash value, so it is not possible to borrow from a Term life insurance policy.

Term life insurance is "pure life insurance protection" that only covers financial loss from death, and does not provide the option for accumulating cash value inside the life insurance policy over time like permanent life insurance does.

Permanent life insurance builds cash value over time and you may be able to take a loan from the cash value.

Term life ...

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The price you pay for a life insurance policy will depend on the type and amount of life insurance coverage you purchase.

In addition, rates for life insurance will vary by insurance company.

Your own personal risk factors will have an impact on your rate for life insurance. These risk factors may include your age, gender, health, family health history, occupation, hobbies, height-to-weight ratio, lifestyle, driving record, if you smoke or not, and other factors that affect how long you may be ...
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Yes, State Farm may test for drugs when you request a life insurance policy.

However, the drug testing requirement may vary by applicant based on your age, health, and answers to the questions on the application form.

Many life insurance companies test for drugs as a standard part of their application process for life insurance.

However, there are some insurers that do not require you to take a medical exam, or drug test.

In fact, one life insurance carrier offers up to $350,000 of life insurance...
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