If you need a large amount of life insurance coverage for period of 30 years or less, Term life is more cost effective, at least in the short run, than Whole Life insurance.

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

Sometimes taking a combination of Term Life and Whole Life can be helpfu...

Continue reading ...

The amount of life insurance that a married couple should own will depend on several factors.

Your individual incomes, your total amount of debt, whether you have children and how many, the things you want to use your life insurance to accomplish, and your budget will all enter in your calculations on how much life insurance to purchase.

You should a life insurance needs calculator to help you determine your actual life insurance needs, and then help you find the best pricin...

Continue reading ...

One life insurance policy does not cover both spouses unless you purchase a joint life insurance policy,or a survivorship life insurance policy (and then it would only pay out upon the death of the second person).

Or, you could adds a rider on your own life insurance policy to provide added coverage for your spouse.

Otherwise, the spouse will need to purchase a separate individual life insurance policy to have his/her own coverage.

Learn more about life insurance for spouses.

...
Continue reading ...

Whole life guaranteed coverage is life insurance that provides guaranteed life insurance protection for your entire lifetime, no matter how long you live.

And, it provides guaranteed acceptance, which means you cannot be  turned down for coverage, even if you are older or have health problems.

For instance, The United of Omaha whole life guaranteed policy offers from $3,000 up to $25,000 of permanent life insurance protection, and people ages 45 to 85 cannot be turned down for a policy.

You can ...
Continue reading ...

I want to buy a life insurance policy and start my coverage right away.

Is it possible to get life insurance today?

Yes, there is life insurance available online that offers you the option of starting your policy today, if you qualify.

You just request a life insurance quote, apply online by answering some health questions, and you find out, usually within the hour, if you qualify. 

Once you are approved, you can start your life insurance that day. There's no meeting with an agent, and no physic...
Continue reading ...

How can I get lower rates on term life insurance - are there any discounts available?

Yes, there are some discounts that may be available for term life insurance.

For instance, some insurers offer a multiple policies discount if you have more than one type of insurance with the insurer. 

In addition, discounts are offered for better than average health and for a good driving record.

If your lifestyle presents a better than average risk for death sooner than the average life expectancy of a person...
Continue reading ...