If you are purchasing life insurance you may be wondering what types of death are not covered by a life insurance policy.

Usually, there are several standard exclusions to life insurance policies, which may include death resulting from war, aviation, suicide within the first two years of being insured, or if you die from a health problem you did not disclose on the application for coverage.

Learn more about what types of death are not covered by life insurance.

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Are you looking for the most affordable life insurance coverage?

If so, you'll want to consider the following tips to assist you in getting low cost life insurance protection:

• Compare pricing from several of the leading life insurance carriers.
  
• Buy Life Insurance Now while you are young and healthy, as rates increase with age.
  
• Consider term life insurance instead of permanent life insurance if you need protection for 30 years or less, because permanent usually costs up to 5-10 times more than ter...

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If you are considering the purchase of life insurance, you'll probably want to think about the following questions before making your choice of coverage.

• What goal do you want your life insurance plan to accomplish?
  
• How much life insurance protection do you really need?
  
• How much can you afford to spend monthly on your life insurance policy?
  
• What type of life insurance is right for you?
  

These are just a few of the more important questions to ask when getting life insurance.

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It really depends on your situation, and your reason for needing life insurance protection.

Term life insurance is better for short term life insurance needs, lasting for a period of 30 years or less.

While whole life is better suited for people who need life insurance to last their entire lifetime, no matter how long they live.

Term life is death benefit coverage only, providing a death benefit, but it does not build any cash value inside the policy.

Whole whole life provides a death benefit and...
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Can I buy term life insurance to protect my home mortgage loan?

Yes. In fact, many people buy term life insurance to pay off their home mortgage loan in case they die.

You can name your spouse, partner or family member (you choose) as beneficiary to receive the proceeds from your life insurance policy, and the beneficiary may use the money to pay off the remaining balance on the mortgage so they can remain in your home after you die.

You'll want to select a duration of coverage that matches the ...

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A.M. Best is the most experienced rating agency for insurance companies, having been in business since 1906.

Its Financial Strength Rating is recognized worldwide as the benchmark for assessing and comparing the financial stability of insurance companies.

The Top Ratings for Life Insurance:

1. A++ and A+ (Superior) — Assigned to companies that have, in A.M. Best’s opinion, a superior ability to meet their ongoing financial obligations to their life insurance policyholders.
   
2. A and A- (Excellent) �...

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The death benefit from a life insurance policy is most commonly paid out as an income tax-free lump sum, unless the beneficiary of your insurance policy chooses to take the benefit as an annuity, or in installment payments. 

A life insurance death benefit can also be split: the policyholder can designate more than one beneficiary, for example, by dividing the benefit equally (or not) between the insured’s family members.

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When is a good time to buy more life insurance coverage?

There are many major life events that may give rise to a need for additional life insurance protection.

Some of the most common reasons for buying more life insurance may include:

• Getting married.
  
• Expecting a baby.
  
• Buying a new home.
  
• Getting a promotion at work.
  

These are some of the more common reasons people choose to buy more life insurance protection.

Learn more about when to buy more life insurance protection.

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