How does pricing for term life insurance work?

Prices on term life policies are determined by considering several factors, including the length of term (duration), amount of life insurance, your age and gender, as well as, your health.

In addition, your lifestyle, tobacco use, driving record, hobbies, occupation, height-to-weight ratio, and family health history may impact the cost of your term life coverage.

The shorter your term (duration of coverage), the lower your annual cost of coverage. Y...
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It depends on the type of term life insurance you own.

Annually renewable term life insurance provides one year renewable coverage and increases the premium each year you renew your policy.

However, level term life insurance offers coverage with fixed premiums for a term of 10, 15, 20 or even 30 years.

The longer your "term" for coverage, the higher your rate per $1,000 of term life insurance coverage.

To learn more, read this article: Are Term Life Insurance Premiums Fixed?


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Which insurance companies life insurance online with no medical testing required?

There are several highly-rated insurers now offering no test term insurance plan online with coverage available up to $1,000,000 for qualified applicants.

Some of the leading providers of online term insurance include Haven Life, Sagicor Life and Globe Life, among others.

Online term life plans offer you the option of purchasing your coverage direct online and starting your policy immediately upon approval - with n...
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Yes, if you meet the age requirements for approval, you may purchase life insurance coverage without having to answer any questions about the condition of your health, or your health history.

These are called "Guaranteed Approval" life insurance plans which means you cannot be turned down for coverage due to any health problems.

And, there's no health exam required and no health questions asked.

So, even if you are over 80, have been turned down for life insurance coverage elsewhere, or you have...
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If you are a parent with young children you may have noticed the offerings on tv or through the mail about life insurance for children and wondered what they are about.

Child life insurance offers several benefits for parents.

For instance, did you know that you could start a life insurance policy for your child for about $2 over month?

And, child life insurance plans can guarantee your child has protection as an adult, even if his or her health changes in the future.

In addition, child life poli...
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Is it possible for me to buy a life insurance plan if I don't already have an insurance agent?

Yes, in fact, there are life insurance plans that offer direct life insurance coverage which you can apply for online without an agent.

And, if you qualify for a policy, you may start your life insurance protection today.

Some life insurance carriers offer instant issue life insurance for people who do not have a life insurance agent.

Depending on the insurer and the requirements for acceptance, you can...
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If you're shopping for life insurance coverage you may be interested in how an insurance company develops the premium they charge you for life insurance coverage.

There are several factors that are considered for pricing a life insurance policy including the type and amount of life insurance you need.

In addiiton, your age and gender are important pricing factors.

Insurers also consider your personal risk factors which may include your health, lifestyle, tobacco use, driving record, hobbies and ...
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Yes, seniors citizens can get insured for life insurance without having to take a medical exam.

There's even guaranteed issue life insurance for seniors with no health questions asked.

So, even if you have a health problem or you have been turned down for life insurance coverage, you can still get insured without taking any medical exam.

Seniors age 45-85 can get guaranteed coverage and may purchase up to $25,000 of life insurance.

Here's how to get life insuranc...

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What is life insurance for mortgages?

A term life insurance policy provides temporary life insurance protection for a specific duration, usually up to 30 years.

To protect your mortgage, you may want to choose a 15, 20, or 30 year term insurance policy to provide a death benefit to your family members should you pass away before your home mortgage loan is paid off.

The death benefit may be used to pay off the outstanding balance on your mortgage so your family members may remain in the home they...
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Yes, there are life insurance policies available that offer coverage to pay for your final expenses, including the cost of your your funeral and burial.

There's even guaranteed approval final expense life insurance plans for people ages 45 to 85, which means you cannot be denied coverage due to any health problems.

You may be able to purchase up to $25,000 of final expense insurance with no health exam required and no health questions asked. Here's how to buy final expense insurance online.
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Can I buy life insurance without waiting?

Yes, there are instant life insurance plans available offering coverage you may begin the same day you apply for a policy.

These quick issue life insurance plans require no doctor exam and you may apply for a policy online in a matter of minutes.

Usually, the applicant must be healthy and under the age of 6o or 65 to qualify for a policy.

Some life insurance carriers offer up to $500,000 or more of quick issue life insurance coverage to q...

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