Is it possible for someone with cancer to get life insurance?

There are some life insurance companies that offer guaranteed approval life insurance coverage.

This means you cannot be turned down for life insurance due to any health issues, including cancer, obesity, HIV or DUIs.

Guaranteed issue life insurance companies include United of Omaha, Vantis Life, Metlife, Colonial Penn and AARP/NewYork Life, among others.

However, guaranteed issue life insurance usually has graded death benefits, so yo...
Continue reading ...

There are many reasons someone may be considered a "high risk" for life insurance, which basically means you have a shorter life expectancy than the average person, and this may be due to your health, age, hobbies, occupation or lifestyle.

For instance, high risk hobbies may include sky diving, race car driving, mountain c limbing and B.A.S.E. jumping.

High risk occupations may include firemen, blasting contractors and high rise window cleaners.

If you are obese, a heavy smoker ...

Continue reading ...

If you already own life insurance the most important thing to remember is to not cancel any existing life insurance coverage until your new life insurance policy has been approved, delivered, and put "In Force".

Compare the your current life insurance policy to the one you want to purchase by comparing price, guarantee periods, convertibility, financial strength of the insurance companies, and exclusions.

When beginning a new life insurance policy, a new contestability period...

Continue reading ...

That depends on the type of life insurance policy you have.

There's term life insurance and permanent life insurance.

Term life ends when:

1. You stop paying the premiums for your coverage, or 

2. The "term" of your policy expires, or

3. You die during the "term" of your policy, then a death benefit is paid out to your beneficiary.

Permanent life insurance ends when:

1. You Stop paying your premiums, or

2. You die and the death benefit is paid out to your beneficiary.

Learn more about permanent (whole...
Continue reading ...

Each insurance company that offers burial expense insurance will offer different burial policy coverages and pricing.

You'll want to consider which burial insurance company is best for you and your own needs.

Some insurers offer different amounts of burial insurance and prices will vary by carrier.

And, some insurers offer coverage for different ages, for example, one insurer offers guaranteed coverage for people age 45 to 75, while another leading insurer offers guaranteed coverage for people a...
Continue reading ...

What premium mode should I choose when purchasing a term life insurance policy?

Most life insurance companies offer a variety of premium payment options including annual, semi-annual, quarterly or monthly payments.

In deciding which premium mode to choose you should consider the following:

If you choose to pay an annual premium and then decide to terminate your life insurance policy before the end of the year, the insurer is not required to refund any portion of the premium...

Continue reading ...

Most the the term life insurance policies sold today provide guaranteed renewability, which gives you the option to continue your life insurance coverage beyond the initial rate guarantee without having to take any health exam to prove your insurability.

This renewability feature may become very important to your family if you should become sick or uninsurable during the time your are covered by your original term life insurance policy.

Another option to look for is conversion ...

Continue reading ...

Many people choose to purchase their first life insurance policy when they get married, buy a home, or start a family.

These are all very good times to buy a term life insurance policy, because you can make sure the financial obligations of your home and family do not become a financial burden for your survivors if you were to pass away.

Term life insurance is most affordable while you are young; however, people buy term life insurance coverage at all stages and phases of life...

Continue reading ...