Term life insurance is a type of life insurance that provides temporary coverage for a specific number of years, usually for a period up to 30 years.

With term insurance, you select a term of coverage from 10, 15, 20 or 30 years.

If you pass away during your policy term, your beneficiary receives a payout of the death benefit from your term life policy.

If you outlive the term of your policy, there is no payout, and the coverage ends.

Term insurance is the lowest priced type of life insurance cov...
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What are my choices when my term life insurance policy expires?

If you own a term life plan you may have a few options available when it expires:

• You may let your coverage expire and go without any life insurance.
• You may choose to renew your coverage for another term before your original plan ends.
• You may choose to buy a new life insurance policy.
  

Keep in mind, if you need life insurance beyond the original term of your policy, it may be a good idea to renew coverage because if your health has c...
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Underwriting of life insurance is the process used by insurance carriers to analyze the risk presented by an applicant for coverage and determine if the person should be accepted for coverage, how much insurance to insure the person for, and at what premium.

There are factors considered when underwriting life insurance, including the applicant's age, gender, health, occupation, hobbies, lifestyle, tobacco use, driving record, among other things.

These risk factors help the life insurance compan...
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There are several ways you can compare prices on life insurance including: request free quotes online, contact a local life insurance agent, or call life insurance companies direct, one-by-one to get your price quotes for life insurance.

The process of requesting life insurance quotes online is simple, you just visit a life insurance website, fill out a "Quote Request Form", and receive your free price comparisons.

Since rates for life insurance coverage vary by insurance carrier, you may save ...
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What should I consider when buying a mortgage insurance plan for my home?

If you're purchasing mortgage insurance you'll want to consider the following:

1. How much mortgage coverage do you need?
2. How much will mortgage protection cost?
3. How long will your mortgage life insurance last?
4. Will the amount of insurance provided by your policy remain level throughout the life of the plan?
5. Will your premiums ever increase during the life of your insurance policy?
   

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I need burial insurance but I don't know how to get insured.

If you need life insurance to cover the cost of your burial there are burial insurance policies that offer guaranteed approval for people between the ages of 45-85.

Guaranteed approval means you are guaranteed coverage if you meet the age requirements.

Although some life insurers may have different age requirements for guaranteed acceptance, United of Omaha offers coverage for people 45-85.

The amount of life insurance coverage availabl...
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What factors will affect the cost of my life insurance and what makes life insurance cost more?

When it comes to pricing of life insurance, the rate for coverage is based on several factors including the type of life insurance policy, the duration of coverage, and the amount of life insurance.

In addition, your personal risk factors will affect the price you pay, including your age, gender, health, family health history, driving record, lifestyle, hobbies, occupation, tobacco use, height-to-wei...
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What is the what to get the cheapest term life insurance policy?

If you want to save money on your term life plan make sure you consider these tips:

Purchase coverage while you are young, since prices increase with age.

Get healthy, because people with health issues pay a higher premium for coverage.

It may help to lose some weight, lower your cholesterol levels, and quit smoking, since smokers pay up to 2-3 times more for the same coverage compare to non-smokers.

Use a life insurance needs calcu...
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