What is the best life insurance for new parents?

If you are new parents you may be considering the purchase of life insurance to provide financial security for your newborn.

However, there are two basic types of life insurance to choose from for providing the financial security your growing family needs.

You may choose between term life and permanent life insurance.

However, if you're on a budget, you'll want to look closely ate term life insurance, which offers the most affordable coverage by fa...

It's a life insurance policy used to provide protection for your family in case you die before your home mortgage loan is fully repaid.

You can purchase a term life insurance policy that will provide your loved ones with the money necessary to pay off the remaining balance owed on your mortgage should you die.

You can select a term life policy in the amount you currently owe on your mortgage.

In addition, make sure you select a policy "Term" (duration of coverage) that matches the length of time...

No. You cannot buy a life insurance policy on someone you don't know.

In order to purchase life insurance on another person you need an Insurable Interest in that person, and you would need their consent - permission to get the insurance.

Usually, the insurance company would require the signature on the application of the person you wish to insure.

That person would need to sign the application for life insurance coverage, which would verify that the person is aware of the life insurance covera...

The price you pay monthly or annually for a senior life insurance policy will be based on the rate you are charged per $1,000 of life insurance multiplied by the amount of life insurance you need.

You rate is determined by considering your age, gender, health, and other risk factors that impact your longevity - how long you are expected to live.

The younger and healthier you are, the lower your rate for life insurance.

You can compare pricing for senior life insurance policies online by requesti...

Basic Life Insurance means life insurance provided to an Eligible Employee under a plan sponsored by the employee’s Company equal to 1 (or 1.5) times the employee’s "Base Pay" as defined under the life insurance plan in which the Eligible Employee participates.

Usually, any employee may participate in the group employer provided life insurance plan.

And, individual employees may be able to purchase additional increments of life insurance out of their own pocket, if they need more coverage.

L...

What is term insurance and how does it work?

Term insurance is temporary life insurance lasting for a specific period of time, usually up to 30 years.

Many insurers offer term life insurance plans for a duration of 10, 15, 20, 25 or 30 years of protection.

If the insured person dies during the policy term, the death benefit is paid out to the beneficiary of the life insurance policy.

If there insured person is alive when the policy term expires, there is no payout of any benefits, and the coverag...