Level term life insurance is a policy that provides temporary life insurance coverage lasting for a duration (Policy Term) of 10, 15, 20, 25, 30, 35 or 40 years.

The premiums never increase and the amount of life insurance provided by the policy never decreases during the life of your term life policy.

If you outlive the policy term, the life insurance coverage ends.

If you pass away during the term of your policy, the death benefit is paid out to the beneficiary of your life insurance.

Level ter...

Are you buying your first life insurance policy?

If so, you'll want to learn a few things about life insurance before you make that purchase.

First, you'll want to ask yourself, what is my goal for my life insurance policy - what do I want it to accomplish?

Then, you want to consider which type of life insurance policy will help you accomplish your goal, and how much life insurance you'll need.

Of course, you'll want to consider your budget - how much you can afford to spend each month.

Also, you'...

An accelerated death benefit (ADB) is a benefit that can be added to a life insurance policy that enables the policyholder (Insured Person) to receive cash advances against the death benefit of the policy in the case of being diagnosed with a terminal illness with a short life expectancy.

Many individuals who choose to access the accelerated death benefit from their policy have less than one year to live and use the money for treatments and other costs needed to help them stay alive.

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A waiver of premium rider is an insurance policy clause that waives premium payments in the event the policyholder becomes critically ill, seriously injured, or disabled.

A waiver of premium in life insurance is an action by the insurance company canceling premium payments by an insured who has been disabled for a specified period of time (usually, least 6 months).

The life insurance policy remains "In Force", just as if the insured was still making the premium payments.

The incontestability period is the period when the life insurance company can no longer "Contest" the coverage provided by a life insurance policy.

In addition, the Contestability Period is the period where the insurance carrier has the right to deny coverage or void the insurance policy for wrong statements (material misrepresentations) provided by the insured on the application for coverage.

When life insurance is purchased, the contestability period starts the first day the policy begins pro...

You can use a free life insurance price calculator to help you figure out the cost of a life insurance policy and save yourself time and money shopping for life insurance coverage.

What you pay for your life insurance plan will depend on several important factors, including the type and amount of life insurance you buy, as well as, your age, health, lifestyle, and tobacco use, among other personal risk factors taken into consideration by insurance companies when pricing life insurance.

You can ...

Is there life insurance for people with bad health?

Yes. In fact, there are life insurance policies available that guarantee your approval for coverage.

These plans are called "Guaranteed Issue", and they guarantee you may purchase up to $25,000 of life insurance protection.

What's the catch?

You need to be between 45 to 85 years of age to qualify for coverage.

And, your death benefits are usually limited the first two years you are insured. This is called "Graded Benefits".

That's how the insuranc...