No, term life insurance is not the most expensive life insurance.

Actually, term life costs a lot less than whole life insurance.

Since term life coverage lasts for a specific number of years, it costs much less than permanent life insurance that lasts for your entire lifetime.

Term life plans usually offer coverage for a period of 10, 15, 20, 245 or 30 years.

However, if you choose to renew your term life insurance when your initial term expires, the premium will be much higher at that time beca...
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What are life insurance company rankings and why are they important?

Life insurance company rankings are a listing of top life insurance carriers based on certain factors that help to indicate an insurer's financial stability and the quality of the life insurance company.

For instance, life insurance companies may be compared and ranked based on their financial strength rating from AM Best Company, or the total number of life insurance policies they issued in a specific year, or their total mar...
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When should I stop paying for my term life insurance policy? 

You stop paying for your term life coverage when you decide that you no longer need the life insurance protection and wish to stop it. 

You can either choose to provide written notice of cancelation to your life insurance company, which would help you to get any unused premiums refunded. Or, you can just let your life insurance policy lapse by discontinuing the premium payments.

You may want to stop paying for you...

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There are over 900 life insurance companies in America. So, finding the cheapest term life company for your specific needs and risk factors will depend on you comparing rates from multiple insurers before you choose a policy.

However, Protective, Genworth, SBLI, Banner, Pacific Life ING, Transamerica and American General are a few of the most competitive life insurance carriers when it comes to term life insurance.

Here's how you can instantly compare the cheapest term life i...

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Yes, there are life insurance plans available that do not require you to take a medical examination to qualify.

In fact, some plans may offer up to $350,000 of life insurance coverage without any exams. However, whether or not you qualify will depend on your age, health, and your answers to any health questions asked on the application.

You can compare rates and plans instantly, and apply online for a no exam life insurance policy in minutes.

Also, some life insurance no exam policies allow you ...
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What are social security burial benefits?

It's a form of burial insurance provided by the social security administration which pays out a one time lump sum death benefit to the spouse or child of a deceased person who meets the qualifications for coverage which is usually tax payments into the S.S.A. program for a certain minimum number of years.

In addition, to burial benefits, the spouse and/or children of a deceased person meeting the qualifications for coverage may qualify for survivor insu...
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I am a card-holding medical marijuana user living in Colorado. Will a life insurance company decline coverage or raise my rates because of the marijuana usage?

Yes, you can qualify to buy a life insurance policy if you use medical marijuana and you live in the state of Colorado.

If you are purchasing a medically underwritten policy that requires a medical examination and a review of your medical records, the reason for needing the medical marijuana will enter into your ratin...

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Is there life insurance for people who go bungee jumping? Is it covered.

Although some life insurance policies may have exclusions for certain high risk activities, there are insurers that insure people for life insurance if they do bungee jump.

However, whether or not you are approved for life insurance, and what rate you will pay depend son several factors, including:

1. The type of bungee jumping,

2. How often you bungee jump,and 

3. Where you bungee jump from.

There are over factors that the li...
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Where can I buy a term life insurance policy without any medical exams or medical questions asked?

There are several types of no exam policies available online for you to purchase.

However, when it comes to life insurance with no health questions asked the option safe fewer.

Basically, for no question life insurance there are two plans available:

1. Accidental death life insurance, and

2. Guaranteed issue life insurance.

Accidental death offers up to $1,000,000 of life insurance th...

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The rate you pay per $1,000 of life insurance coverage is guaranteed to remain level throughout your life for a permanent life insurance policy, unless otherwise stated in the policy contract.

With term life insurance your rate may increase every five years, or it may increase annually, depending on the type of term life plan.

However, some term life policies provide guaranteed level rates for a term of 10, 15, 20 or 30 years, which is most common. 

So, if you bought a 10 ...

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Guaranteed issue in life insurance means that you will not be turned down for life insurance for any reason, regardless of any health condition.  

Most life insurance policies go through underwriting, which is where the life insurance company decides the degree of risk involved with insuring you for life insurance.

For example, are you healthy and expected to live a long life or do you have health issues that could shorten your life expectancy?

With a guaranteed issue life insur...

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