Which type of life insurance would offer the best coverage to pay for burial expenses?

A small permanent life insurance policy may bee a good option to consider since it provides lifetime protection and a limited amount of coverage; whereas, most plans offer a minimum of $50,000 life insurance, guaranteed acceptance permanent life insurance usually offers from $3,000 up to $20,000.

Permanent life insurance provides lifetime protection, a death benefit, and may offer a cash value component that ...
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The best type of term life insurance is the one that meets your needs and fits your family's budget.

Term life is temporary life insurance offering coverage for a duration of 10, 15, 20, 25, 30, 35, or 40 years..

Level term life insurance is the most popular and affordable type of life insurance plan.

Level term has premiums that never increase, and coverage that never decreases, during the policy term.

You can shop and compare free quotes for level term life insurance plans online by visiting a ...
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Yes, most term life insurance policies offer the insured the Option of Renewability.

A Renewable Term Insurance Policy means you may renew your coverage for an additional coverage term if you advise the insurance company by a specific date stated in your life insurance contract.

With term life you may select coverage lasting for a period of 10, 15, 20, 25 or 30 years, usually. Some life insurers do offer 35 or 40-year level term life plans.

However, when selecting to renew your coverage, your te...

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What is a life insurance policy death benefit?

The death benefit of a life insurance policy is the amount of money your beneficiaries will receive from your policy upon your death. This is paid out by the insurance company if the coverage was "In Force" at the time of your death.

Your beneficiary makes a claim for death benefits by contacting your insurance carrier after your death. The insurer will advise the beneficiary of the procedures for completing the claim on your life insurance benefit...

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There are two parties that benefit from life insurance coverage.

The owner (insured) of the policy receives Peace of Mind knowing loved ones are financially secure should the insured person pass away.

The beneficiaries also benefit by means of receiving the proceeds from the life insurance death benefit upon the death of the insured person.

The beneficiaries may use the death benefit as they see fit.

Learn more about who benefits from a life insurance policy.

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The proceeds from a life insurance policy, also known as, the death benefits, are paid out to the beneficiary or beneficiaries of a life insurance policy upon the death of the insured person.

The beneficiary contacts the insurance company after the insured has died, to make a claim for the death benefit from the policy.

The insurer will mail the forms to the beneficiary that need to be completed in order to make the claim for the death benefits.

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Term life insurance is a type of life insurance policy that provides you with temporary coverage lasting for a set number of years.

Here are some of the most common features and benefits of a term life insurance policy:

1. You may be able to choose a policy term lasting for a duration of 10, 15, 20, 25 or 30 years.

2. Level term life provides you with a coverage amount that never decreases during the life of your coverage term.

3. Level term life provides you with premiums that never increase dur...

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Graded benefit life insurance is a type of life insurance plan providing you with permanent life insurance protection.

However, if the insured person dies within the first 2 (or 3) years of being insured, the beneficiary would receive either a full return of all premiums paid plus interest, or a percentage of the death benefit from the life insurance policy.

That's why graded benefit life insurance plans are easier to get than traditional life insurance.

Usually, these plans are guaranteed appro...

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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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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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If you own life insurance you may wonder how the benefits are paid out after you die.

There are a few different options the beneficiary may choose from to receive the death benefit from a life insurance policy, including:

• Lump sum payment.
  
• Checks to drawn on a checking account.
  
• Annuity payment on a period of time.
  

Learn more about how life insurance death benefits are paid out.


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A life insurance policy becomes effective when underwriting approves the application, when the insurance company accepts the application, and the first premium is paid for the policy.

When all those conditions are met the insurance policy is considered "In Force", also known as "In Effect" – meaning you are insured.

Learn more about When a life insurance policy becomes effective.

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If you are buying life insurance you may be wondering who gets the proceeds from your insurance policy when you die.

It's an important question to consider.

The Beneficiary is the person or persons you choose to receive the death benefit from your life insurance.

You select a beneficiary when you purchase your life insurance.

You may be able to change the beneficiaries after the life insurance policy is "In Force".

And, you may select more than one person to receive a portion of your death benefit...

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The death benefit is the amount your beneficiaries will receive from your life insurance policy upon your death. This is paid out if the coverage was "In Force" at the time of your death.

The insurance face amount is the sum that a life insurance policy will pay upon the occurrence of a qualifying event – Death of the Insured Person.

The name comes from the fact that this amount is typically shown on the "Face" or top sheet of the life insurance policy.

The average face amount of individual l...

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Yes, the beneficiary of a life insurance policy can claim the money from the death benefit of a life insurance policy.

In fact, only the beneficiary may make claim for a death benefit, if the beneficiary is alive to make a claim.

In order to claim the money as beneficiary you must be named as a beneficiary in the life insurance policy, and the insured person must have died while the coverage was In Force and the premiums paid up to date.

Learn more about Can the beneficiary of a life insurance p...

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What are Living Benefits for Term Insurance?

Living benefits of a life insurance policy are benefits provided to and obtained by those insured, while still alive.

It means you can access the benefits of your insurance plan before you die, instead of waiting for a payout on the policy after the insured person dies.

Living death benefits are an early payout of anticipated death benefits from a rider attached to an existing life insurance policy, or from a separate policy.

Learn more about term lif...

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It's a type of life insurance policy that guarantees your approval for coverage, if you meet the age requirements for acceptance.

This type of policy provides lifetime (permanent) life insurance protection, as long as you pay your premiums on time.

It builds cash value inside the policy, and pays out a death benefit upon the death of the insured person.

Even if you have been denied coverage from other carriers, you can still get insured.

There is no health exam required, and you won't have to tak...
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Are You a Diabetes Patient Looking to Purchase a Life Insurance Policy?

If so, did you know you can get life insurance if you have either Type 1 or Type 2 diabetes, providing your diabetes has been under control for a period of at least 6 to 12 months?

You can also get life insurance if you are insulin dependent.

Today, even if you are insulin dependent, you may be able to find affordable life insurance for diabetics through a highly-rated life insurance company that specializes in finding dia...

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If you are considering the purchase of a life insurance policy you may be wondering what type if best.

Actually, it depends on your personal situation and why you need life insurance.

Ask yourself this question: What goal do I want my life insurance plan to accomplish and how long will I need the life insurance to last in order to accomplish that goal?

Basically, if you need life insurance to last for a period of 30 years to less, then term life insurance is a good option.

However, if you need li...

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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...

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What is the best term life insurance plan to buy?

It really depends on your situation and insurance needs.

However, Level Term life insurance is by far the most popular type of term insurance plan purchased by consumers today.

Level Term offers you affordable pricing on coverage that lasts for up to 30 years.

With Level Term, your premiums are guaranteed never to increase during the life of your policy, and your coverage amount is guaranteed never to decrease during the life of your plan.

Here's h...

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If you're shopping for life insurance you may be wondering about the differences between accidental death insurance and term life insurance.

Accidental death life insurance plans provide a death benefit if the insured person dies as a result of an accident without a specific timeframe of the accident.

Whereas, term life insurance pays out a death benefit if the insured person dies during the term (duration) of the policy, and if the death occurs as a result of natural causes, illness or an acci...

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It's the plan that meets your needs and accomplishes your goals.

You'll want to find the plan that offers the most affordable price from a highly-rated insurance company.

Make sure to consider how long you need your coverage to last and how much life insurance you really need.

You'll want to compare multiple life insurance quotes from several of the leading life insurance companies to help you find an affordable plan from a reputable carrier.

Learn more about finding the best term life insurance ...

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The best type of life insurance for you will depend on your specific situation and goals.

What do you want your life insurance plan to accomplish for you and your loved ones?

Also, your age, health, budget and the amount of life insurance will impact your buying decision.

As well as, how long you need your life insurance policy to last.

If you need life insurance for a period of 30 years or less, then term life offers the most affordable coverage.

If you need life insurance guaranteed to last your...

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Death benefit insurance is a type of life insurance that only provides a death benefit payout with no cash value inside your policy.

While permanent or whole life insurance may build cash value inside the policy, and provide a death benefit, term life insurance is death benefit only life insurance.

Term life is temporary life insurance lasting for a specific period of time.

If the insured person dies while the policy is In Force, the death benefit is paid out to the beneficiary of the insurance ...

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If you're considering the purchase of a term life insurance policy you may be wondering what are the benefits of term life coverage?

Term life can provide you with peace of mind knowing your family will have financial security should you pass away.

Term life also offer the most affordable life insurance protection available for a period of 30 years or less.

With term life you get the flexibility of choosing how long you have coverage, so you only pay for life insurance while you actually need it...
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What is life insurance with a graded benefit and how does it work?

It's a type of life insurance plan that guarantees your approval for coverage even if you have health issues.

In return for insuring you, there are limited death benefits payable the first 2 (or 3) years you are insured.

However, if the insured person dies after the graded death benefit period, 100% of the death benefit is paid out to the beneficiary of the life insurance policy.

Learn more about how a graded death benefit life in...

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Which type of term life insurance plan is best for you?

For starters, level term life insurance has by far the most popular type of temporary life insurance plan.

Level Term offers the lowest rates and provides coverage that never decreases during your policy term, and the premiums remain the same for the life (term) of your policy.

In addition, there are other types of term policy, including Decreasing Term, Annual Renewable Term, Return of Premium Term, and No Exam Term.

However, level term off...
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What is death benefit term life insurance coverage?

Term life insurance is temporary insurance that provides coverage for a limited number of years.

Term life is death benefit coverage only, with no cash value or investment feature

Term Life only provides a death benefit.

That's why it is referred to as "Pure Protection".

If the insured person dies during the term life policy term, while coverage is In Force, the death benefit is paid out to the beneficiary of the policy, subject to any exclusions...

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Is term life insurance the best option for you?

Actually, it really depends on your situation, your needs, and what you want your life insurance policy to accomplish.

However, if you need life insurance that will provide protection for a duration of 30 years or less, then term life insurance may be the best option.

Why Term Insurance?

Because, it offers the cheapest rates by far for life insurance, which means you can afford to buy more coverage for your loved ones.

In addition, it offers flexibil...

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Yes, there are life insurance policies that offer immediate death benefit coverage.

In fact, most life insurance is issued with immediate coverage once you have been accepted and paid your first month's premiums - the coverage foes into effect immediately.

However, graded death benefit life insurance policies, also known as, guaranteed issue life insurance, have limited benefits the first 2-3 years you are insured.

That is how they can guarantee your acceptance for coverage even if you have heal...

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Yes, you can be turned down for a life insurance policy.

There are many reasons why someone may be turned down for life insurance.

Some of the most common reasons for being declined for life insurance include old age, poor health, drug or alcohol abuse, DUI's, high risk jobs or high risk hobbies, among other things.

However, you may still have other options available for life insurance, including contacting high risk life insurance carriers and brokers who specialize in placing life insurance fo...

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What is the best non term life insurance coverage for people over 60 years old?

The only option for non term coverage would be permanent life insurance.

Permanent insurance provides guaranteed lifetime protection as long as you pay your premiums on time.

These plans provide a death benefit, and they build cash value inside the policy from which a loan may be taken in the future.

However, permanent life insurance usually costs up to 5-10 times more than the same amount of term life insurance.

In ad...
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No. If you answered all questions truthfully on your application for life insurance, the coverage cannot be taken away if your health changes. 

Once the life insurance policy is approved by the insurer, and you have made your first premium payment to the insurer, the coverage is In Force. 

It can be cancelled if you contact the insurer and request cancellation, or if you stop paying your premiums and the coverage lapses.

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If you need term life insurance protection you may be wondering which type of term life is best.

There are a few different types of term life plans to choose from including Level Term, Decreasing Term, and Annually Renewable Term, among others.

These plans vary in pricing and coverage, but the most popular type of term policy by far is Level Term life insurance because it offers premiums that never increase during your policy term, and your coverage amount never decreases during your policy ter...

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What is a death benefit only life insurance policy?

It's a type of life insurance plan that provides a death benefit, but has no cash value or investment feature.

Term life insurance is DBO life insurance, because it is pure protection with no cash value, only a death benefit.

Term life offers protection for a specific period of time, from 10 to 30 years.

The shorter your policy term, the lower your annual cost of coverage.

Learn more about death benefit only life insurance plans.

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Yes, it may be possible for someone who has been diagnosed with cancer to purchase life insurance.

However, it will depend on the requirements for acceptance of the insurance company.

Several factors will be considered including your age, overall health, type of cancer, how you manage your cancer, your medication, chemotherapy, other treatments, prognosis, when you were diagnosed, etc.

And, if you are turned down for traditional life insurance policies, you may still be able to get insured with ...

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Can diabetics get life insurance with guaranteed approval?

Yes, there are insurance policies available for diabetics that provide guaranteed approval, as long as you meet the age requirements.

Guaranteed issue life insurance plans have varying age requirements, depending on the insurer.

For example, some insurers may offer guaranteed coverage for diabetics age 45-75, 40-80, 45-85 or 50 to 85.

The amount of life insurance coverage available from any one guaranteed issue plan may be limited to a m...

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Which type of life insurance plan and insurer is best for final expenses coverage?

If you need final expense life insurance you may want to compare United of Omaha versus John Hancock - two of the more well-known providers of life insurance plans to cover your final expenses.

Both life insurers are highly rated, with an "A+" Superior financial strength rating from A.M. Best.

However, there are some differences, including pricing, maximum amount of insurance available, and the age requirements fo...

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What is life insurance coverage with living benefits?

It is life insurance that provides you with the option of accessing a portion of your insurance policy's death benefits, while you are still living.

If you become ill with a terminal diagnosis of less than one year to live (or six months), you may access a portion of your death benefits - this is called "living benefits".

This coverage allows people who are terminal to have money available to help pay for medical bills and other end of life e...

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Are you in need of life insurance protection that starts today?

If so, you may want to consider Haven Life, which offers healthy, qualified individuals the option of purchasing top to $1,000,000 or more of affordable life insurance online today.

With Haven Life you can get a free quote, apply online and begin your life insurance coverage right away, if you qualify.

They offer the quickest and easiest way for healthy people ages 20 to 60 to get insured at affordable rates.

Learn more if you need l...
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If you're shopping for a life insurance plan you may have heard about term insurance and whole life insurance, and wondered what is the difference?

Well, there are several important differences about the two basic types of life insurance: Term and Whole Life:

• Price
  
• Duration of Coverage
  
• Cash Value
  

To start, term life costs a lot less than whole life insurance because it is temporary, lasting for 30 years or less. Usually, whole life may cost up to 2-3 times more than the same amount of term life in...
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Can I apply online for Globe life insurance coverage?

Yes, anyone age 18 to 78 may apply for a life insurance plan from Globe Life.

Although there are no exams required, you will have to answer some questions about your health.

And, if you are healthy, you may purchase coverage online.

You can apply for a Globe Life policy online in about 10 minutes or less.

Globe Life makes it quick and easy for consumers to apply for and purchase their life insurance plan.

And, your policy comes with a money-back...
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The best type of life insurance for seniors is the coverage that meets your specific needs, and fits your budget. 

Seniors may choose from term life insurance or whole life insurance for their coverage.

If you need life insurance for a duration of 20 years or less, then term life may be most affordable type of policy.

If you need life insurance guaranteed to last your entire lifetime, then whole life insurance may be the best option.

If you have been turned down for life insurance before, then gu...
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Yes, you may be able to purchase a burial insurance policy on a member of your family.

In fact, many people do this each day, when they purchase a burial insurance policy on their elderly parents to make sure there is money available to pay for their parent's funeral and burial expenses.

In order to get burial insurance on another person you need insurable interest on that person, and the insurer may or may not require the permission of the person you want to insure.

Usually, insurable interest ...
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Are you finding it difficult to get insured for life insurance?

If so, you may be wondering why you were turned down or declined for a policy.

First, you should know that not everyone may qualify for life insurance. 

The insurance company sets guidelines for applicants that qualify based on several factors including age and health.

There are several reasons an insurance company may deny you for life insurance, including:

Health, age, occupation, hobbies, etc.

For example, many life insurers won't i...
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Are You Looking for the Best Quotes on Life Insurance to Protect Your Loved Ones?

The quickest and easiest way to find the best prices from the highest-rated insurance companies is to compare pricing from a network of leading life insurers online.

You probably don’t have the time to call up every single one of the more than 700 life insurance carriers in America to find the best deal. And now you don’t have to.

Today you can request and compare the best prices for term life insurance from ov...
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I need term insurance but I don't want to take any health examinations.

Which is the best term life plan with no exam needed?

Haven Life is one of the top offers available for no exam term life insurance for several key reasons:

• Offers competitive rates.
• Instant issue coverage starting today.
• Up to $1,000,000 of life insurance available.
• A++ rated life insurance protection.
• 30 day money back guarantee.
  

Haven Life is fully backed by MassMutual which has the highest financial strength rating available ...

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I just bought a new home and want to find life insurance to protect my mortgage loan in case I die.

What is the best life insurance to protect a mortgage loan?

When choosing a life insurance plan for mortgage protection you'll want to consider term insurance which offers you the most affordable protection at the lowest price for a duration of up to thirty years.

You can select the amount of life insurance coverage you need to pay off your mortgage loan, and the term (duration) to match the lengt...
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I need life insurance to help pay for my funeral expenses. Which is the best type of life insurance to get for funeral costs?

There are guaranteed issue permanent life insurance policies available that guarantee approval for people ages 45 to 85, and provide life insurance that lasts your entire lifetime.

With guaranteed issue plans you won't have to take any health examination, or answer any questions about your health.

If you meet the age requirements for approval, you cannot be denied coverag...
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When considering the purchase of a life insurance plan it’s important that you consider what type of coverage may provide you and your loved ones with the protection you need at the most affordable price.

How Do You Choose the Best Type of Life Insurance?

First, you’ll want to consider a few important issues:

• Length of Coverage – How long you need life insurance protection to last.
  
• Amount of Insurance – How much life insurance will meet your current and future needs.
  
• Cost – What you can ...

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Have you been turned down for life insurance?

Whether you are over 75, have health issues or have been denied coverage, you may be searching for a guaranteed life insurance plan.

But, which is the best company for guaranteed issue life insurance protection?

There are several highly-rated insurance companies to choose from for your guaranteed issue life insurance policy including United of Omaha, Gerber Life, MetLife and AARP/NewYork Life, among others.

For example, United of Omaha offers guarante...
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I want to get life insurance from a top rated life insurance company, but I'm not sure which are the best insurers for life insurance?

When it comes to researching and finding the best life insurance company you may want to consider some of the most well-known, highly-respected insurance companies, including Prudential, MetLife, Northwestern Mutual, New York Life and Mass Mutual.

When selecting a life insurance company make sure you take into consideration how long the company has been in busin...

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When it comes to shopping for affordable life insurance coverage there are several key benefits of comparing the best prices online, including:

• There's no need to meet with an insurance agent
  
• You can compare pricing any time of day or night
  
• Compare pricing in the convenience of your home, office or anywhere you have an internet connection
  
• No high pressure sales pitch
  
• Compare best pricing from over 40 of the top life insurance carriers in less than 1 minute
  
• No subjective comparisons limited to only ...

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What is the best type of life insurance to get for young parents?

If you are young parents you may be on a budget an din need of protection until the kids are grown and the home mortgage is paid off.

That means you likely have a need for your life insurance to last at least 20 years and you need the most protection for the lowest cost.

Term life can help because it offers you prices that are much lower compared to permanent life insurance, and you can select the duration of your policy from 10, ...
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How can I purchase a life insurance policy if I have applied to an insurer and been turned down?

There are a couple options that may work for you.

You could contact a life insurance broker who specializes in placing life insurance through high risk insurance companies for people who have been denied insurance.

Or, you could get guaranteed issue life insurance if you meet the age requirements for approval.

In addiiton, you may be able to contest the medical exam results, or ask for another exam, i...
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Living benefits are benefits you can access form your life insurance policy while you are alive.

Usually, the insurer will require that the insured person has been diagnosed with a terminal illness and has a life expectancy of 6 months or less, in order to pay out living benefits to the insured.

Living benefits can help you get money to assist you with your end of life expenses or medical treatment which may prolong your life. You can use the money paid out for living benefits any way you wish....
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Each insurance company that offers burial expense insurance will offer different burial policy coverages and pricing.

You'll want to consider which burial insurance company is best for you and your own needs.

Some insurers offer different amounts of burial insurance and prices will vary by carrier.

And, some insurers offer coverage for different ages, for example, one insurer offers guaranteed coverage for people age 45 to 75, while another leading insurer offers guaranteed coverage for people a...
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Unlike traditional life insurance that provides a death benefit only in the event of the death of the life insurance policyholder, accidental death and dismemberment insurance provides additional coverage in the event the policyholder becomes permanently injured in a number of specific ways.

This type of policy traditionally pays a certain benefit for the loss of limbs, with a specific dollar figure assigned to each type of lost limb.

Many companies provide this type of cover...

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The whole purpose of life insurance is to provide money to your loved ones in the event of your untimely death.

When the breadwinner in the family dies, those left behind can have serious difficulty keeping up with the bills, paying the mortgage and making ends meet.

The death benefit provided by your life insurance policy is intended to help pay those expenses and make moving on easier.

The death benefit from a life insurance policy is typically provided in a lump sum equal ...

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There are several features that are common to most term life insurance policies.

The features of a term life insurance policy may include the following:

• Term options of 1 to 30 years, usually 10, 15, 20,or 30 year term policies are available.
  
• Level or decreasing premiums available depending on the type of term life plan.
  
• Level or decreasing life insurance coverage amount depending on the type of term life plan.
  
• Some term life insurance policies offer a return of premium if you ...

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Some life insurance advertisements claim you cannot be turned down.

What's the catch?

Well, these are called guaranteed issue life insurance policies.

They guarantee your approval for coverage if you meet the age requirements, which may be ages 45 to 85.

And, the amount of life insurance may be limited to $25,000 or less.

The prices are higher than standard life insurance because they insure some who may not otherwise be able to get insured for life insurance.

The catch is that there is a limited d...
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How can I find the best price on life insurance coverage?

There are a few ways to shop and compare life insurance rates.

• Contact a local life insurance agent
  
• Call life insurance companies direct
  
• Visit a life insurance quote provider on the internet
  

Request your free life insurance quote

A local life insurance agent may be restricted to one insurance company, or you can contact a broker with access to a few life insurance carriers.

Calling life insurance companies one at a time can be time consuming ...
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There are three great reasons to shop online for life insurance.

1. Convenient - Shopping for life insurance has never been easier. You can get instant price comparisons and advice form the comfort of your own home or office any time of day or night, without having to meet with an insurance agent.

2. Quick - It only takes a few minutes to request and receive your free, instant life insurance quotes form several insurers without any obligation or hassles.

3. Save - You can save u...

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Funeral insurance and life insurance are different in a few ways.

Life insurance may offer up to $1,000,000 of protection or more depending on your age and health.

Whereas, funeral insurance usually offers up to $25,000 of coverage.

Life insurance may or may not require you to take a health exam, depending on your age and the amount of coverage you need.

Whereas, a funeral insurance policy may provide coverage with no health exam and no health questions asked.

Life insurance may decline to offer y...
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Which term life insurance is best and what company offers the best rates?

Term insurance is short term life insurance for a period of 30 years or less.

You want to decide how long you need life insurance protection, and then choose the right term that m,sets your needs.

For instance, if you want life insurance protection for your family until the kids are grown and on their own, you may want a term of 15 or 20 years depending on the ages of your children.

Or, if you want life insurance to pay off...
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You cannot specifically collect on a life insurance policy for a long term disability, but you can collect if you have a terminal illness.

Some life insurance policies provide accelerated death benefits which you can request and receive of you meet the requirements, which usually includes a terminal diagnosis and you are expected to die within 6 to 12 months.

Accelerated death benefits may allow you to access up to 25% or more of the death benefit from your life insurance polic...

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Can you get life insurance coverage if you are diabetic?

Yes, there are life insurance carriers that insure people with diabetes.

However, the price you pay and your acceptance will depend on several risk factors and how you manage your diabetes.

Also, when you were diagnosed and your age at diagnosis may affect your ability to get insurer.

In addition, whether or not you are insulin dependent will impact your approval and premium.

However, there are fully underwritten life insurance plans requiri...
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The best term life insurance for people over 50 may depend on your own personal situation and what your life insurance needs are - for example, what do you want your life insurance policy to accomplish?

Since term life insurance is temporary protection for a specific period of time, you may choose coverage for a term of 10, 15, 20 or 30 years.

The longer your "term" for coverage, the higher your annual premium. Also, the larger the amount of life insurance you buy, the higher your premium.

Your ...
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Whole life insurance coverage is a type of life insurance policy that provides you with guaranteed lifetime protection and builds cash value inside the policy over time from which you may take a loan.

Regular whole life insurance policies provide you with full coverage immediately,m from the first day you are insured.

However, some whole life insurance policies; such as, guaranteed issue whole life insurance, provides limited death benefits the first 2 or 30 years you are insured under the poli...
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I am over age 50 and want to find the best life insurance coverage - what type of plan might be best for me?

If you're over 50 years old, and have no other life insurance, you may want to consider what you want the coverage to accomplish? Is it for leaving finds to your surviving family members to live on, or to provide for your final expenses?

Do you have anyone who relies on you for financial support? Do you have any outstanding debts? Do you have a spouse? Does your spouse work?

These are all...
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Actually, there are hundreds of life insurance companies in America that offer term life insurance.

Since each insurer has their own set of guideline soft underwriting, acceptance and pricing, each insurer may be more or loess competitive when it comes to prices for certain classes of risk - such as, seniors, non-smokers, diabetics, young adults, or married couples.

In addition, there are several ways to compare insurers, including by price, total assets, total number of individual life insuran...
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What are social security burial benefits?

It's a form of burial insurance provided by the social security administration which pays out a one time lump sum death benefit to the spouse or child of a deceased person who meets the qualifications for coverage which is usually tax payments into the S.S.A. program for a certain minimum number of years.

In addition, to burial benefits, the spouse and/or children of a deceased person meeting the qualifications for coverage may qualify for survivor insu...
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Term life insurance is not known to be a cash accumulating life insurance plan so there is nothing to cash in. A term life policy builds no cash value inside the policy, so if you end your coverage you would receive no money back.

Term life insurance is a temporary plan that lasts for a specific period of time, usually 10, 15, 20 or 30 years.

Only the cash value type of life insurance insurance plans can be cashed in after a certain period of time. Those most common are whole ...

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Is term life insurance better or whole life?

The answer depends on your own personal needs and situation.

Term life insurance may be a good idea if you are on a budget, need the most life insurance for your money, or need life insurance for 30 years or less.

Whole life insurance may be a good idea if you really need lifetime protection that will not end, or you want to build up cash value inside your policy over time, in addition to having life insurance.

Term life is temporary and provides pure ...
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After you apply for a life insurance policy It can take anywhere from hours, to months to be approved for your life insurance coverage.

If you are applying for a simplified issue life insurance policy that requires no physical exam or medical records, it can be signed digitally and approved on the phone, it may even go into effect the same day you apply.

The cons of a simplified issue life insurance policy: this type of life insurance policy does not dig too deep into your h...

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The best term life insurance is the best term life policy at the lowest premium to meet your unique personal life insurance needs.

First, you'll want to compare multiple term life insurance rate quotes among several of the leading life insurance companies to find the right combination of term life plans that will meet your exact needs and be sure you are purchasing them at the very best premiums.

When comparing rates and plans, make sure you consider:

1. The term of the policy ...

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The best age to buy life insurance is when you decide you have a need for life insurance.

You may want to consider buying life insurance as soon as you have a need, because rates for life insurance increase as you get older, and if your health changes, you may find it difficult to qualify for approval.

That's why it's important to lock-in the lowest rate for life insurance as soon as you need coverage.

If you have someone who relies on you for financial support, you may need life insurance.

Wheth...
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Globe Life is an excellent life insurance carrier.

Globe Life and Accident Insurance Company is rated "A+" (Superior) by AM Best Company for financial strength.

Globe Life was established in 1951 and has more than 3.9 million policyholders.

Globe offers simplified life insurance plans where people age 78 and under may qualify to buy life insurance with just a few health questions asked.

You can get instant life insurance quotes and apply online for your life insurance policy. They provide a 30 da...
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The best type of life insurance to buy really depends on your own personal situation, and hat your needs are for life insurance - what you want your life insurance policy to accomplish.

There are two basic types of life insurance: term and Permanent.

Term life insurance is temporary coverage that offers the most life insurance at the lowest price, for people who need life insurance for a period of 30 years or less.

If you have lifetime, or longer term needs, a permanent life insurance may be a g...
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If you own a life insurance policy you choose who the beneficiary will be upon purchasing the policy.

You may choose more than one person to receive a portion of the proceeds from your life insurance policy.

If the primary beneficiary dies before you do, then you can change beneficiaries on your life insurance policy.

If the primary beneficiary dies after you do, but has yet to receive the proceeds from your life insurance policy after your death, then the money would go to the secondary benefic...
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Only life insurance policies that use medical underwriting will test you for drug use through a blood and/or urine test.

Simplified issue life insurance policies do not order blood tests or have you take exams, but they usually do ask about your previous drug use on your life insurance application.

Guaranteed issue life insurance policies do not ask about drug use on your application, nor do they it test you for drugs. However, the minimum age for most guaranteed issue life i...

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Globe Life and Accident Insurance Company is rated "A+" Superior by AM Best Company for financial strength.

Globe life insurance company has been around since 1951.  

Globe offers term life insurance, whole life insurance and children's life insurance policies.  

Globe has a deal where you pay $1 for the first month and then your premium is based on your age at the time of issue. Some adult term life insurance plans start as low as $5 or $6 per month after the initial $1 payment...

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If you need a large amount of life insurance coverage for a temporary period of time, Term life insurance is much more cost effective, at least in the short run, than Whole life insurance.

While Whole Life insurance builds up cash values inside the policy over time that can make it come out ahead of term in the end, not everyone can afford the amount of life insurance coverage they need in a permanent life insurance policy.

Sometimes purchasing a combination of Term life and ...

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If you have diabetes and need life insurance you may be wondering if you can even qualify to purchase a life insurance plan.

Some life insurance are more willing to insure people with diabetes, while other insurers are more strict with their approval guidelines when it comes to insuring diabetics for life insurance.

Whether or not you qualify for a diabetic life insurance policy will depend on the insurance company and your own personal risk factors.

Your risk factors will include your age, heal...
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Yes, type 1 diabetics can may qualify for life insurance, and sometimes a person with type 1 diabetes will have an easier time finding affordable life insurance coverage than a person with poorly controlled type 2 diabetes.

With good control of your diabetes and no side effects, type 1 diabetes life insurance can be issued in a life insurance policy that pays 100% from day one and has no limit on the face amount. This means, you would have full coverage immediately once you a...

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What is the best company for senior life insurance?

There are several highly-rated life insurance carriers offering senior life insurance plans.

When choosing your insurance company and plan make sure o find out the following:

1. What is the financial strength rating of the insurer?

2. How much will the life insurance cost?

3. When does full coverage start - immediately or after 2-3 years?

4. How long is the rate guaranteed to remain level?

5. How long will the life insurance coverage last?

There are...
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Have you been turned down for a life insurance policy? 

There are many reasons people may be turned down for life insurance coverage; such as, due to your age, health, driving record, use of illegal drugs, etc.

However, if you have been turned down when you applied for coverage, you may still have other options available to get insured.

For instance, guaranteed issue life insurance plans offer no exam life insurance with a limited amount of life insurance coverage available. In fact, some plans ...
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There is no one best life insurance company for all seniors, although some are certainly better for older people than others.

The one life insurance carrier that is best for you will depend on your age, what amount of life insurance you need, what type of life insurance plan you want, your health, and even the state in which you reside, among other factors.

If you are over age 60 and looking for life insurance to cover your funeral costs, you will most likely find your most ...

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There are several reasons a life insurance policy may be denied, including:

1. The applicant's health - This can be anything from someone with uncontrolled diabetes or someone with cancer having only months to live. 

2. The applicant's health has not been stable for a certain length of time. This can range from someone who had very high blood pressure and only been on medication for one month, to someone with MS who has had a recent major exacerbation.

3. The applicant is ...

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When it comes to buying life insurance for someone over age 50, there are several highly-rated life insurance companies.

However, choosing the best company will depend on your needs and budget, as well as, the insurer's financial strength rating and what the plan provides you as far as immediate full coverage and affordability.

There are several well-known insurers of people over age 50 including Globe Life, Colonial Penn, AARP/NewYork Life, Metlife and Prudential, among others.

One way to find ...
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There is no one life insurance company that has the best rates for everyone because each person has their own specific risk factors for life insurance; such as, being overweight, smoking, or over the age of 60.

Life insurance companies often have certain classes of risk in which their rates will be more competitive for a certain type of life insurance policy, or for a certain age range of applicants, or for a certain type of health status.

To find the best life insurance rate...

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Each life insurance provider has their own pros and cons.  

The key is understanding which life insurance provider has the best solution for your specific life insurance needs.

Each life insurance company has their own set of underwriting and pricing guidelines based on their experience with different classes of risk for life insurance; such as, smokers, seniors, diabetics, etc. So, you may want to compare plans and pricing from several life insurance companies because they all...

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The best life insurance for your child may depend on your child's age, health and the insurance company's coverage and pricing available for your child.

Several insurers offer child life insurance plans. Some of the better known child life insurance carriers include Globe Life, Gerber, and Prudential, among others.

Since each life insurance company has their own set of pricing guidelines, and requirements for acceptance, as well as, their own specific financial strength rating, you may want to ...
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Using an online life insurance broker with access to a large network of life insurance carriers that specializes in "impaired risk" life insurance is a good way to make sure that you are getting the best possible rate on diabetic life insurance coverage.

If you're just looking for a small life insurance policy with no health exam required, there are also lots of choices, and again, diabetic control can make a big difference in what life insurance policy you qualify for and w...

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Life insurance policies pay the face amount of coverage out as a death benefit to the beneficiary when the person who is insured by the life insurance policy dies, or when the policy matures.

If the money is paid upon the insured's death, it goes to the beneficiary. If it is paid upon policy maturity, the money goes to the owner of the life insurance policy.

However, life insurance companies have begun offering living benefits from their life insurance products.  

Many life i...

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People with diabetes can get life insurance, and there are some ways that you can help yourself get the best price on your life insurance policy.

Life insurance companies will consider your age, health, type of diabetes, if you smoke, how long ago you were diagnosed with diabetes, if you are insulin dependent, if you have any health problems related to your diabetes, how often you test your blood sugar levels, and other measures you take to properly manage your diabetes.

Many ...

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The type of life insurance plan that meets your needs is the one that is better between term or whole life insurance.

Also, some people have a need for both types of life insurance because they need term life for their short term needs, such as, protecting their growing family until they are adults, and whole life insurance for their lifetime needs, such as, providing for their final expenses and estate taxes.

But, if you have a need for 30 years or less, then a term life insurance policy can b...
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Yes, you may be able to qualify for life insurance coverage if you have diabetes.

However, it will depend on the status of your health and your diabetes.

The life insurance company will ask about your history of diabetes, when you were diagnosed, if you have type 1 or type 2 diabetes, how you manage your diabetes, are you insulin dependent, how often you check your blood sugar levels, do you have any health problems related to your diabetes, your height-to-weight ratio, etc.

In addition, the lif...
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In order to be the owner of a life insurance policy a person must:

1. Have an insurable interest in the person there are insuring; and

2. Be of adult age in order to enter a life insurance contract.

Insurable interest means you either rely on the person you want to insure for financial support, or you would lose out financially if the person you want to insure were to pass away.

Insurable interest exists between spouses, siblings, parents and their children, family members, and business partners,...
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There are several types of life insurance to choose from when buying your term life policy.

As for which is good for your needs it will depend on what you are trying to accomplish with your life insurance.

The basic types of term life plans are Level Term, Decreasing Term, and Return of premium term life insurance.

Renewable term life is an option you can add to your policy that allows you to renew your current term life insurance plan for another 10 year term without having to take a health ex...
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No, your spouse does not have to be named as your beneficiary on your life insurance policy.

As the owner of your life insurance policy you can choose anyone you wish to be the beneficiary, including but not limited to your children, although if they are minors, it is better to leave the money to a trust or another trusted adult who you know would use the death benefit for their welfare.

You can choose anyone or any entity to be your beneficiary who has some financial input i...

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There are a few benefits of term life insurance over whole life insurance, including:

1. Term life costs a lot less than whole life insurance which means you can afford to buy more life insurance.

2. Term life offers the flexibility if choosing how long you have life insurance coverage from 10, 15, 20 or 30 years of protection.

3. Term life is easy to understand, you pay premiums for the coverage for a certain period of time, if you die during the term, your beneficiary receives a death benefit....
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Life insurance differs from Accidental death insurance in that Life Insurance pays for death of the insured person by any reason (except suicide in the first two years in most states), whereas Accidental death insurance only pays out a death benefit for death of the insured resulting from accidental reasons.

AD&D stands for Accidental Death and Dismemberment. If the death of the insured person is due to falling down stairs, a car accident, or any other type of accident, the ...

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No your life insurance death benefit can be used for any purpose your beneficiary wants to use it for.

Life insurance has nothing to do with your funeral.

Unless it's a preneed funeral insurance plan purchased from a funeral home to specifically pay for the cost of your funeral.

However, a funeral preneed life insurance policy does not have to be used for a funeral either. The funeral contract can be canceled by you at any time and the life insurance proceeds can be left to t...

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Life insurance death benefits are normally paid in a lump sum to the beneficiary or beneficiaries of the life insurance policy.

Or, life insurance proceeds may be paid in regular payments over a number of years.

Another option is a combination of both payment options, where the beneficiary receives a lump sum with the remainder made in payments over time.

When the life insurance policy proceeds are not taken all at once, there is interest paid to the beneficiary on the money th...

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If you own the life insurance policy that is insuring your life. the person who gets your life insurance death benefit upon your death is the person you name as beneficiary on your life insurance policy.

If someone else is the owner of the life insurance policy insuring your life, the owner gets to choose the beneficiary, although as the insured person, you may have a say in choosing the beneficiary.

However, if the beneficiary is responsible for your death, the secondary bene...

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Term Life Insurance is not the best type of life insurance for every situation.

Some people think they would only need life insurance for a temporary period of time.

However, if they are thinking ahead to their final years, and worried about where the money will come from to bury them, they may want to consider a permanent life insurance policy.

If your need for life insurance is temporary, not permanent, Term Life Insurance is best for its relatively low price tag and flexib...

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Life insurance policies have a two year contestable period after which it is difficult for life insurance policies to be contested.

Even during the first two years, the life insurance company can only deny life insurance coverage for material misstatements (information that was withheld from, or misstated on, the application for life insurance that is serious enough that it would have caused the life insurance policy to be altered or denied when the insured applied for the li...

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Yes, Term life insurance can be converted to Whole life insurance or some other form of permanent life insurance if:

1) The life insurance policy has the option to be converted,

2) you convert the term life policy to permanent life insurance within the time frame required, and

3) you can afford the premium for the converted life insurance policy.

While a life insurance company may carry many types of permanent life insurance coverage, they do not always offer all of them to ...

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