Yes, you can typically buy life insurance for your grandparents, but there are some considerations to keep in mind. Life insurance for grandparents can provide financial support for their final expenses, help cover outstanding debts, or leave a legacy for the family. Here are some key points to consider:

1. Consent: In most cases, you will need your grandparents' consent to purchase a life insurance policy on their behalf. They will likely need to participate in the application process, which m...

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Yes, you have the option to purchase a life insurance policy with a coverage amount of $25,000. Such policies cater to varying financial needs and budgets. A $25,000 policy is commonly referred to as "final expense" or "burial insurance," designed to cover end-of-life costs like funeral expenses, burial fees, and outstanding debts.

However, it's important to be aware that the availability of specific coverage amounts and policy types may differ based on the insurance company and their particul...

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Yes, it's possible to buy a $15,000 life insurance policy. Such a policy is often referred to as a small whole life insurance or final expense insurance policy. These policies are designed to cover end-of-life expenses, such as funeral costs, medical bills, and other financial obligations that arise after a person's passing.

Here are a few things to keep in mind when considering a $15,000 life insurance policy:

1. Coverage Type: A $15,000 policy is generally a form of whole life insurance. Whole l...

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Yes, you can generally purchase a life insurance policy with a coverage amount of $10,000. However, keep in mind that the availability of policy options and coverage amounts can vary depending on the insurance company and the type of policy you're looking for.

Life insurance policies come in different types, such as term life insurance and whole life insurance. Term life insurance provides coverage for a specific period (the "term"), while whole life insurance provides coverage for your entire...

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Life insurance is generally more challenging to obtain for someone who has cancer or any other serious health condition. Insurance companies assess applicants' risk levels before offering coverage, and pre-existing health conditions like cancer can significantly impact their decision.

When someone applies for life insurance with a history of cancer, the insurance company will likely take several factors into consideration, including:

• Type and stage of cancer: The type of cancer and its stage at...

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In most cases, you cannot directly buy life insurance for your ex-husband without his consent. Life insurance typically requires the insured person's consent and participation in the application process. As an ex-spouse, you generally don't have an insurable interest in your former spouse's life, which is a key requirement for purchasing life insurance on someone else's life.

However, if you have children together and there are court-ordered financial responsibilities or child support involved...

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Yes, you can purchase final expense insurance for your parents. Final expense insurance, also known as burial insurance or funeral insurance, is a type of life insurance designed to cover the costs associated with a person's funeral, burial, and other end-of-life expenses.

Here are some important points to consider if you want to buy final expense insurance for your parents:

1. Insurable Interest: Generally, you can buy life insurance on someone if you have an insurable interest in their life. Ins...

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Yes, you may be able to purchase a life insurance policy on someone who is dying, if you have an insurable interest in that person's life.

Insurable interest means you stand to be impacted financially should the person die.

There are guaranteed approval life insurance policies available for people with health issues.

They guaranteed approval for coverage if the person to be insured meets the age requirement; for example, ages 50 to 80.

However, the death benefit is limited if the insured person d...
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No, you cannot increase the amount of life insurance provided by your current life insurance policy.

However, if you need more life insurance, you may purchase an additional life insurance policy to increase the overall amount of life insurance coverage you own.

But, you would need to apply for coverage and go through the entire underwriting process as you did when buying your original life insurance plan you currently own.

Learn more about Can you increase term life insurance coverage?
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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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Is there life insurance for people with cancer?

Yes, if you have cancer, you may be able to get insured for life insurance.

However, it depends on several key factors, including your age, health, diagnosis, treatment, and medication, among other things.

There are some people living with cancer who may qualify for life insurance; however, your options may be limited, and the cost of a policy may be higher than expected.

But, there are some insurers that offer life insurance policies to people livi...

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If you are shopping for a life insurance policy, you may be wondering how much life insurance you can get.

The maximum amount of life insurance someone may be able to purchase will depend on how much coverage the insurance company is willing to insure you for.

That will depend on several variables, including your income, and the amount of your financial responsibilities, among other things.

Of course, your budget may also limit the amount of life insurance you may be able to afford.

Usually, youn...

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Yes, you may be able to own 2 or more life insurance policies.

It depends on your need, your budget, and the total amount of life insurance you already own.

Each life insurance company will review your situation and determine if you are over-insured or not.

However, it's more a case of total insurance being the important variable, not the number of life insurance policies you own, when it comes to getting approved for a second policy.

Insurers understand your need for life insurance may increase ...

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No, you cannot insure anyone for life insurance.

In order to buy life insurance on someone else, you need their permission, and you must have an Insurable Interest in the person you wish to insure for life insurance.

Insurable Interest basically means you rely on that person for some means of financial support, or that you would suffer some financial loss or cost, upon that person's death.

Usually, you have an Insurable Interest in a spouse, your children, family members, and business partners, ...

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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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Yes, a life insurance policy can expire.

Term life plans provide temporary coverage lasting for a set period of time, usually up to a maximum period of thirty years.

However, you may be able to choose a policy duration (term) of 10, 15, 20, 25 or 30 years.

If you are alive when the term life insurance expires, the coverage ends.

You may have an option to renew your policy for another term of 10 years or less, if you still need coverage.

Learn more about Can life insurance expire?

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Yes, term life insurance policies cover cancer.

If you are insured by a term life policy, and you die as a result of cancer, the death benefit would be paid out to your beneficiary.

Payment of any death benefit is subject to all terms, conditions and exclusions stated in the insurance contract.

However, unless you lied on the application for life insurance, your policy would likely pay out on death resulting from cancer.

Learn more about Does term life insurance cover cancer?

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No, you cannot cash out a term life insurance policy.

Term life is pure protection, providing a death benefit payout upon the death of the insured person.

There is no cash value or investment feature to a term life policy.

Learn more about "Can I cash out a term life insurance policy?"

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Yes. There are guaranteed issue life insurance plans available for people between the ages of 45 to 85 years old.

Guaranteed issue means you cannot be turned down for coverage if you meet the age requirements.

So, even if you have health problems or have been denied life insurance from other insurers, you can still get insured.

But, these plans usually come with graded (limited) benefits the first 2 years you are insured.

Learn more about getting life insurance on someone who is dying.

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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...

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Can I buy life insurance for my parents?

Yes. if you are an adult, you may purchase life insurance on your parent or parents.

Many adult children choose to purchase life insurance on their parents so there are funds available to pay for the final expenses for their parents.

And, even if your parents have pre-existing health issues, they can get insured with guaranteed issue life insurance coverage.

You can purchase life insurance on your parents, pay the premiums, and name yourself as the benefic...

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Is there life insurance for people living with cancer?

It depends on several factors, including your age, health, type of cancer, treatment, prognosis, when you were diagnosed and your overall health, among other things.

However, there are guaranteed issue life insurance plans available for people ages 45 to 85 which will insure you even if you have cancer.

Learn more about getting life insurance with cancer.

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If you're shopping for a temporary life insurance plan you may be wondering who can buy term life insurance?

Well, it really comes down to just a few things:

1. People between the ages of 18 to 75.
   
2. Can You qualify for coverage based on your health?
   
3. Can you afford to pay the premiums.

If you are between 18 to 75 years old, qualify for coverage and can pay the premiums, you should be able to get term life insurance.

Learn more about who can get term life insurance plans.

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Yes, if you are an adult child, you may be able tp purchase a life insurance policy on your father.

Adult children have an Insurable Interest in their parents.

In order to buy life insurance on someone else, you need an Insurable Interest in the person you wish to insure.

Many adult children buy life insurance on their parents to make sure there is money available to pay for their parents' final expenses.

Learn how to buy life insurance for your Dad.

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Yes, if you are married, you may purchase life insurance on your wife.

Married couples have an Insurable Interest in one another.

Insurable Interest is required if you wish to insure someone else.

Many husbands buy life insurance policies on their wives to replace their income, or to cover the cost to hire someone to perform all of the work a wife may do for her family.

Learn more about buying life insurance on your wife.

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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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Yes, adult children with an insurable interest in their parents may purchase funeral insurance policies for their parents.

Insurable interest is required in order to buy life insurance on someone else.

Insurable interest does exist between parents and their adult children.

There are guaranteed issue funeral insurance policies available for your parents if they are between the ages of 45-85.

That means there is no doctor exam required, and you won’t have to answer any questions about the health ...

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Yes, you may be able to buy a burial insurance policy on your aunt.

However, in order to purchase life insurance on someone else, you need an Insurable Interest in the person you wish to insure for life insurance.

If you rely on your aunt for some form of financial support, she owes you money, or you would suffer a financial loss upon her death, then you have an Insurable Interest in her, and you may purchase burial insurance on your aunt.

Learn about buying burial insurance on your aunt and how...

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Can I purchase a life insurance policy on anyone I choose to insure?

No. In order to buy life insurance on someone else, you must have an Insurable Interest in that person, and you need their permission in order to take out life insurance on them. The insurance company may also require the person's signature on the application for life insurance.

Insurable Interest means you either rely on the person for some means of financial support, or that you would suffer a financial loss should the perso...
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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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It really depends on the type of term life insurance policy you own.

Some term life plans stay level (the same premium) for the life of your insurance policy.

While others may increase after a certain number of years; for example, after you have been insured for 20 years.

Level term life insurance, which is the most popular type of term policy, provides coverage with premiums that stay the same for the duration of your policy term.

Learn more about whether or not term life insurance premiums can ...

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The amount of life insurance coverage you may purchase will depend on your age and health.

In addition, the total amount of life insurance you already own will impact how much additional coverage you may purchase.

The insurance company doesn't want any insured person to be Over-Insured.

Another factor limiting how much life insurance you can buy is your budget.

You can't buy more life insurance than you can afford.

Learn more about how much life insurance you can buy.

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Is there any life insurance protection you can purchase online?

Yes, in fact, several life insurers offer consumers the option to apply online for life insurance coverage.

And, if you qualify, you may start your life insurance very the same day.

Here's how to get life insurance you can buy online starting today.

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Yes, it is possible tp purchase a life insurance policy if you are over eighty years old.

However, some insurers may not offer life insurance to people over 80.

In addition, some insurers may only offer guaranteed issue life insurance plans to people over 80.

Guaranteed issue life insurance may be available for people ages 45 to 85.

It guarantees your acceptance for life insurance if you meet the age requirements for approval, and you can pay the premiums.

Learn more about how to buy life insuranc...

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If you're shopping for a mortgage insurance policy it may be easier than you expected to get insured.

In fact, you can compare the lowest pricing on mortgage life insurance by requesting free quotes and instantly comparing the lowest rates.

There are even mortgage life insurance policies available with no medical examination needed for healthy individuals between the age of 20 to 60.

Some insurers even let you apply online and start your policy today, if you qualify for coverage.

Learn more about...

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Yes, it's possible to buy a term life policy without having to take any physical exams.

However, these no exam policies are usually available to healthy individuals between the ages of 20 to 60.

The cost of coverage and the maximum amount of insurance available will vary by insurer, and depend on your age, gender and health, among other things.

Some no exam term policies offer instant coverage, which means you may apply for a policy online and start your life insurance protection immediately upo...

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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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If you haven't planned for your burial and funeral (final expenses) yet, you may be considering the purchase of a funeral insurance policy.

But, where can you buy a funeral insurance plan?

Today, there are several insurance carriers that offer funeral expense policies you can get online.

Some of the leading providers of funeral plans include United of Omaha, Colonial Penn and Met life, among others - and they all offer free quotes you can request online to find out how much your funeral insuranc...

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Yes, if you are over 65 years old you may qualify for term life insurance, which is temporary coverage lasting for a specific number of years.

Usually life insurers offer term insurance for a period of up to 30 years, but people over 65 may be limited to terms 5, 10 or 15 years of coverage.

Keep in mind, if you outlive the duration of your policy, your life insurance coverage ends.

Learn more about buying term insurance for people over 65 years old.

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If you're looking to purchase affordable senior life insurance coverage you'll want to learn about term insurance, because it offers by far the lowest-priced life insurance available for senior citizens.

In addition, comparing pricing from among several life insurers will help you quickly decide which insurer offers the most affordable coverage.

Keep in mind, the longer your life insurance policy "term" (duration), the higher your annual cost of insurance.

Seniors may be able to choose a term li...

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Is there life insurance I can purchase online?

Yes, in fact, more and more people are choosing to purchase their life insurance plans over the internet.

With the ease and speed of the internet, life insurance carriers are now making same-day life insurance plans available online.

That means you can apply online (safe and secure) for a life insurance policy, and begin your insurance the same day - if you qualify.

These quick-issue life insurance policies are available through several life insurers...

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If you are in need of life insurance to cover burial costs and other final expenses you may want to find out where you can purchase a burial life insurance policy.

Burial expenses insurance provides funds needed to help cover the cost of a person's funeral, burial and other related final expenses.

There are several life insurers that offer burial plans including United of Omaha, Gerber, and MetLife, among others.

You can contact a local life insurance agent or insurance broker, call insurance ca...

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If you have a brother who is in ill health, has no money saved, or owes you money, you may be wondering if you can buy burial insurance on him.

Today, many siblings are purchasing life insurance on their sibling to help cover the cost of their brother or sister's final expenses, including a funeral and burial.

These costs can exceed $8,000 and create financial stress upon the passing of your brother or sister if you don't have the money available to pay for these final expenses.

The fact is, yo...
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Do insurers limit the number of term life policies you can buy, or is it possible to get more than one policy?

Yes, you may be able to purchase more than one term life policy.

Insurers understand that your needs for life insurance may change (grow) over time as you take on more financial responsibilities; such as, getting married, buying a home, starting a business and having children.

As your need for protection grows you may find you want to increase your amount of life insurance protection by...
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Can I buy a life insurance policy on my grandfather?

Yes, adult grandchildren may purchase life insurance on their grandparents.

In fact, many parents of elderly people, and even adult grandchildren purchase life insurance on their grandparents.

The fact is, many seniors may not have enough money saved to cover the cost of their final expenses, including a burial, funeral, casket, memorial service, etc.

And, with the average cost of final expenses around $8,000 - it can be a costly undertaking to...
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Is it possible to make a claim for benefits on more than one life insurance policy?

Yes, in fact, you may claim as many life insurance policies as you are named beneficiary, after the passing of the person insured. by the policy.

So, if you are named beneficiary on a life insurance policy of your parent, and on a policy of your spouse, you can make a claim on the death benefits upon the passing of those people insured by the policies.

Learn more about claiming life insurance on multiple policies.
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If I purchase a life insurance policy can I use my credit card to pay for it?

That depends on the insurance company and what payment options they offer.

Some insurers offer you the option to pay by using ETF (Electronic Funds Transfer), debit cards or checks.

There are some insurers who offer you the option to pay annual premiums using a credit card, by fewer who may offer monthly payments using credit cards.

Make sure you consider annual premiums payments as this may save you some money. Also, i...
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If you have an elderly grandmother who is on a fixed monthly income you may be wondering if she has enough money saved to help pay for her final expenses. And, you may also ask yourself if you can buy life insurance for your grandma?

The answer is "YES", you can.

Many adult grandchildren purchase life insurance plans for their grandparents to make sure there is no financial stress in paying for their grandmother or grandfather’s funeral and burial expenses.

Did you know the average cost of a f...

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Did you know you can buy life insurance whether or not you own a home and have a mortgage?

Yes, that’s right, you can buy life insurance if you don’t have a mortgage.

Who Can Get Insured for Life Insurance?

So, if you don’t need a mortgage to get life insurance, who can buy a life insurance policy?

Well, any adult can purchase a life insurance policy and choose to name anyone they wish to be the beneficiary of the policy.

The beneficiary is the person(s) who receives the death benefit payout...

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Do You Have a Pre-Existing Health Condition and Need Life Insurance?

If so, you may be wondering if it’s possible to get insured, if it will be affordable, and how much coverage you can get.

These are all good questions and concerns that many just like you with a health condition may be considering when in need of life insurance protection.

The answer to your question is "Yes", you can get life insurance with an existing health problem.

There are plans available that offer insurance to those wi...

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Can I purchase life insurance without any blood tests?

Yes, you can get insured for life insurance without any testing of your blood.

This type of policy is called "Quick Issue" life insurance.

Now, some life insurance companies have made available the option of allowing you to buy your policy without taking a health exam, or having your blood tested.

You can even apply for a policy online – Safe and Secure – and begin your coverage immediately, if you qualify. 

Here's how to get life insuranc...
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Yes, you can buy a life insurance policy on yourself, which would name you as the insured, and you would select someone else to be the beneficiary of the policy.

The beneficiary is the person who receives the proceeds from your life insurance when you die.

This is the most common way to buy life insurance - buying coverage on yourself.

There are many reasons someone would choose to buy a life insurance policy including to replace their income for their family, pay off mortgage, provide for spous...
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Yes, there are no medical exam life insurance plans available.

In fact, some insurers allow you to apply for coverage online and begin your coverage the same day.

No exam life insurance does require the applicant to be healthy and most simplified issue term life insurance plans require you to be age 60 or below.

However, there are guaranteed issue policies available for people between the ages of 45-85.

When purchasing a no exam plan make sure you consider how long the risk free money back guaran...
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Yes, you can buy life insurance on her husband.

If you are married, you have an insurable interest (which is required) in your husband. That means, you stand to lose out financially if your husband were to die.

Either you rely on him for financial support or you would suffer financially if he were to pass away.

You may even be able to purchase life insurance direct online for your husband with no physical exam required.

Some plans even allow you to start the life insurance coverage immediately, ...
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Did you know most term life insurance policies start at $50,000 of life insurance coverage?

That's right, but some simplified issue term life insurance plans offer as little as $5,000 of life insurance protection.

In addition, there are permanent life insurance plans offering as little as $3,000 of coverage.

This means you may be able to purchase $20,000 of life insurance, and these policies are usually available without any health exam required.

There are even guaranteed...

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Yes, there are insurance carriers that offer consumers the option to purchase their life insurance policies direct online.

However, your approval for coverage will depend on your age, health, and the insurer's guidelines for acceptance to get insured.

There are several different types of life insurance plans you may be able to purchase online, including simplified issue life insurance, no exam term life insurance, and guaranteed acceptance life insurance.

Term life insurance may offer higher lim...
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Is it possible to purchase a life insurance policy on another person.

Yes, actually it happens more often than you might expect.

Many adult children buy life insurance on their elderly parents to provide money to pay for their parent's final expenses.

In addition, spouses buy life insurance on each other to replace the other's income for the family.

If you have an insurable interest in someone else, you may be able to purchase life insurance on that person.

To learn more, read this article: Can I ...
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Is there life insurance for people with cancer?

Yes, there are life insurance companies that offer life insurance to people living with cancer, and cancer survivors.

Fully underwritten life insurance policies requiring a health exam may be more difficult to get approved for, and approval for coverage may depend on your age, overall health, prognosis, type of cancer and treatment, among other factors.

In addition, there are guaranteed acceptance policies for people ages 45-85 wit...

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Can a cancer patient get burial insurance coverage?

Yes, in fact, there are burial insurance plans available for cancer patients and cancer survivors.

Most burial insurance policies are "guaranteed issue" which means you are guaranteed approved if you meet the age requirements which are ages 45-85 with some insurers, or maybe ages 45-75  or 40-80 with others.

With burial insurance you will not have to take any health exam or answer any questions about your health.

You may be able to purchase up t...
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Can someone living with breast cancer get approved for life insurance?

Yes, there are insurers willing to insure people with breast cancer.

However, there are several factors that may go into your acceptance for coverage including your age, overall health, type of cancer, prognosis, treatment, etc.

Some insurers may be more competitive when it comes to insuring people who are breast cancer survivors or currently have breast cancer.

Here's how to learn about getting life insurance with breast cancer.



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If you're looking for a low cost life insurance plan to help you get the most protection at the lowest cost, you may want to follow a few tips:

Comparison Shop for the best rates among leading insurers.
Consider Term life insurance which cost a lot less than permanent insurance.
Get Healthy - Lower your cholesterol, lose weight, exercise and qualify for a better rate.
Drive Safer - People with DUI's and driving problems pay more for life insurance.
Quit Smoking - Smokers pay up to 2-3 times for fo...
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Is it possible for a smoker to get life insurance protection?

Yes, in fact, depending on how often you smoke, you may be able to qualify for good rates on your life insurance policy.

There are a few insurance carriers that are more lenient when it comes to classification of a smoker for life insurance and may offer better pricing based specifically on your actual frequency of smoking.

In addition, there is life insurance available for people who smoke cigarettes, e-cigs, pipes, cigars, marijuana...
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If I own a life insurance policy and die from cancer, will me beneficiary receive a payout on my life insurance death benefit?

Yes, life insurance policies usually cover natural death and accidental death, but not intentional acts.

If you answered all questions truthfully on the application for life insurance, the insurer should pay out a claim on your policy subject to any exclusions in your policy.

However, if you had cancer when you applied for life insurance, and you did not advise the insur...
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Is there a way someone with cancer can get a loan?

Yes, in fact, there is a company that offers a way for you to get a loan from your own existing life insurance policy.

This type of loan provides you with money you can use as you need, without having to make any loan payments.

Learn how to get money for cancer patients and find out how much you can get.
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It depends on the type of life insurance policy you own.

Most term life insurance policies offer the option of renewability which means you may renew your life insurance coverage for another "term" when your original term life policy ends.

However, the duration of your renewal term may vary by insurer and type of policy.

For instance, some plans may offer yearly renewal, while others may guarantee you a level rate for a period of up to 10 years on your renewal term life policy. 

In addiiton, you ...
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No, you cannot insure anyone for life insurance.

In order to buy life insurance on another person the insurance company will usually require that you have an insurable interest in the person you want to insure.

Insurable interest means you either rely on the person for some financial support, or that you would suffer a financial loss if the person were to die.

Insurable interest does exist between spouse, adult children and their parents, family members, and business partners, among others.

So, a...
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Is it possible for someone with cancer to get life insurance?

There are some life insurance companies that offer guaranteed approval life insurance coverage.

This means you cannot be turned down for life insurance due to any health issues, including cancer, obesity, HIV or DUIs.

Guaranteed issue life insurance companies include United of Omaha, Vantis Life, Metlife, Colonial Penn and AARP/NewYork Life, among others.

However, guaranteed issue life insurance usually has graded death benefits, so yo...
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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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Yes, you can buy life insurance coverage on another person.

However, you are required to prove you have an "Insurable Interest" in the person you want to insure for life insurance.

Insurable Interest basically means that you either rely on the person for financial support, or that you would suffer some financial loss if the person were to die.

Individuals you can take life insurance policies out on include your spouse or domestic partner, your children, your dependents, and your business partner...
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To save money Buy your life insurance policy now.

Premiums for the same face amount of life insurance coverage increase the older you become. The longer you wait to buy your coverage, the more you risk developing a health issue that could increase your premium, or disqualify you from being able to purchase life insurance coverage.

If you want permanent life insurance but you're on a budget, term life or a combination of term and permanent may offer lower premium payments. An...

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I want to get a life insurance policy but I don't want to take any physical exams.

How much coverage can you buy without taking an exam?

Actually, it may be a lot more than you might expect. Since you can own more than one life insurance policy, and there are several insurers that offer no exam life insurance, you may be able to purchase more than $750,000 of life insurance without taking an exam.

However, most no exam life insurance plans charge a higher rate than you might get with a fully und...
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Is there life insurance available for someone with cancer?

If you have cancer an need life insurance you may be finding it difficult to get insured.

Most life insurance carriers will not offer fully underwritten life insurance to someone with cancer, due to the shortened life expectancy, depending on your type of cancer, treatment, age and health, among other factors.

However, there are guaranteed issue life insurance policies for people with health problems, including cancer.

Guaranteed issue li...
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The insurance company may or may not check specifically for cancer; however, the application for life insurance coverage does have a question that asks about any cancer you have or have been diagnosed with in the past. The application and interview process will ask about cancer.

The life insurance company will also check with the MIB (Medical Information Bureau) and your doctors to find out if you have a history of cancer.

Do not lie on your life insurance application as your coverage may be de...
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There are many websites on the internet that allow you to compare instant life insurance rate quotes from several top insurance companies.

Some of the best online life insurance quote providers include Efinancial, 1ClickCoverage and Termfinder.

To request your free quotes you just visit the website, fill out a quote request form where you answer some questions about yourself and the life insurance amount you need, and then you press a button, and you instantly receive on your screen the best li...
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I want to buy a no exam life insurance but I don;t know who offers coverage, and how much is available without taking an exam.

There are several highly rated life insurance carriers that offer life insurance without an exam.

Some of these insurers include Fidelity Life, National Life Group, United of Omaha, and Met Life, among others.

Some of the no exam life insurance carriers offer as much as $499,000 of coverage without any exam required.

Keep in mind, you can own more than one life insurance ...
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Yes, it is possible to apply for your life insurance policy online.

There are online life insurance providers that allow you to compare rates and apply online in just minutes for your life insurance policy.

And, some online life insurance applications require no health exam, so you may be able to start your coverage sooner, rather than waiting 4-6 weeks for coverage.

In fact, one insurer offers up to $350,000 of life insurance with no exam, and if you qualify, you may start your life insurance c...
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Yes, there are life insurance carriers that offer whole life insurance plans without requiring the applicant to take a health exam.

However, the amount of coverage available may be limited based on your age and health.

Some carriers offer single premium whole life insurance with no exam but the minimum premium may be a one-time payment of $10,000.

In addition, there no exam whole life insurance plans with guaranteed acceptance for people age 45 to 85. These plans are often used as a means of pro...
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Is it possible to get life insurance for someone who is ill with a health condition?

It depends on the person's age, but there are life insurance plans that offer guaranteed approval for all applicants that meet the age requirement.

For instance, one insurance company offer up to $25,000 of guaranteed acceptance whole life insurance for people age 45 to 85. 

There's no health examination required for guaranteed issue plans and there are no health questions asked.

Basically, if you meet the age re...
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Is it possible to buy a life insurance policy without having to answer any medical questions?

Yes, there are life insurance plans that offer coverage without any health questions.

The two basic types of no medical question life insurance plans are Accidental death life insurance and guaranteed issue life insurance with graded death benefits.

Accidental death offers up to $1,000,000 of life insurance with no health exam and no health questions, but a death benefit is only paid ou...
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Yes, you may be able to buy a term life insurance policy on someone else.

Actually, many people buy life insurance on another person. For instance, married couples buy life insurance on one another, and adult children may buy life insurance on their parents to help pay for their parents' final expenses.

In addition, grandparents buy life insurance on their grandchildren as a way to provide guaranteed lifetime life insurance for their grandchild as he/she grows up.

However, in order to buy life i...
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Yes, you may be able to buy a life insurance policy on the internet.

In fact, there is a life insurance company that now offers applicants the chance to buy up to $350,000 of life insurance over the internet.

You can get an instant quote and apply online for your life insurance in minutes. There’s no health examination required.

If you qualify, you may start your life insurance today.

Here’s how to buy a life insurance policy online.

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No, you cannot take a loan out on a Term Life Insurance Policy, unless you have a Return of Premium (ROP) Term Life Insurance Policy.

Return of Premium means you will get most of your paid premiums returned to you if you are alive at the end of your term. 

However, during the term of your life insurance policy, some insurance companies may let you borrow the money that is building in the policy from the premiums paid.

If you want life insurance that allows you to take a lo...

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There are several places you may be able to purchase a term life insurance policy.

Some of the more common places to buy term life insurance include:

1. Contact a local licensed independent life insurance agent.

2. Cal a life insurance company direct.

3. Visit a life insurance website on the internet.

When buying a term life insurance policy make sure to consider the AM Best financial strength rating of the insurance company, how long you have coverage (the term), how long your rate is guaranteed,...
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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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You can have a term life insurance policy for as long as you want.

There is a term life plans available for a term of 10, 15, 20 or 30 years and when one term expires you can renew your policy, the only thing is that you don't get cash accumulation inside the policy over time, meaning you cannot take a loan out of a term life policy.

If you have a 20 year term policy for example and you renew your policy when the 20 years ends, you will have an annual renewable term life poli...

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Yes, you may be able to take a loan out from your whole life insurance policy.

It usually takes several years before your whole life policy builds up some cash value.

You may be able to take up to 80% of the cash value as a loan, depending on the insurance company regulations for loans.

If you do not pay back the loan there may be taxes to be paid on your loan. Also, if the loan amount is not repaid, it may affect the amount of life insurance provided by your whole life policy.


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It is possible to buy life insurance for your parents if you have an insurable interest in them.

Children do have an insurable interest in their parents since they may rely on their parents for financial support, or suffer financial loss if their parents were to die.

However, some insurers may require that the child have the permission of the parents, and sign the application, as well as, answer some health questions when you apply for the life insurance policies on your parent...

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Yes, you can purchase life insurance on your ex.

If you have insurable interest and your ex spouse gives you permission then you can get life insurance on your ex. 

In fact, it may be wise to include life insurance coverage requirements in your divorce settlement. This way financial obligations such as child support can be protected for the future.

If the spouse paying child support passes away, the life insurance will be paid out the the guardian of the child and the child w...

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In order to borrow money from your life insurance their must be some cash value inside the policy to borrow from.

Term life insurance has no cash value inside the policy, it is "Pure Protection".

However, permanent life insurance may have cash value that grows inside the policy over time. Usually, it takes a few years for some cash value to build up in a permanent life insurance policy.

Your life insurance carrier may allow you to borrow up to 80% of the cash value in your policy. This is consid...
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Yes you can buy burial insurance on your parents, although some life insurance carriers may require that the insured pay the premiums.  

Otherwise, you as the owner of their burial life insurance policies may be able to pay the premiums.

It is usually fine for the adult child to own the insurance policy and be the beneficiary of the policy, too.  

Most of these burial insurance policies do not require your parents to take any medical exam, but may require the proposed insured to...

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Term life insurance policies do not have any cash value, so it is not possible to borrow from a Term life insurance policy.

Term life insurance is "pure life insurance protection" that only covers financial loss from death, and does not provide the option for accumulating cash value inside the life insurance policy over time like permanent life insurance does.

Permanent life insurance builds cash value over time and you may be able to take a loan from the cash value.

Term life ...

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It depends on the type of life insurance policy you own.

There are two basic types of life insurance: -

1. Term Life Insurance - these typically don't have any cash value (some may have a return of premium at the end of the policy term). 

2. Permanent Life Insurance - these include whole life, universal life, indexed universal life and variable life insurance plans.  These will typically have some level of cash value that builds up inside the policy over time.

The life insuranc...

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Yes you may qualify for life insurance with epilepsy in most cases, although you will pay a higher price than a "standard" risk would at the same age for the same type and amount of life insurance.  

When you find an independent life insurance agent that you feel comfortable with, give as much information as you have such at the date you were first diagnosed with epilepsy, all medications that you currently take, whether or not they involve this disease.

The life insurance age...

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You can buy a life insurance policy on your brother if you have an “insurable interest” in his life. 

This could include being his custodian if he is not yet an adult, or handicapped, being his business partner, being responsible for his outstanding debts, and other scenarios. 

It would be challenging to think of an instance when you would be denied the privilege of insuring your brother.  Of course, your brother has to cooperate. This means, he will need to answer some...

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Yes, you may be able to buy life insurance eon your ex-husband.

If you have an "Insurable Interest" you may purchase life insurance on your ex-husband. 

That would probably mean that he is responsible for child support or alimony payments to you based on your divorce agreement. 

While buying life insurance on another person requires his cooperation that cooperation can be ordered by the court. 

You should be the life owner, payer and beneficiary of the life insurance policy. T...

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Life insurance does cover death caused by cancer.

However, it is common for someone diagnosed with cancer to try to purchase a life insurance policy, and at that point in time it is very difficult to get approved coverage.

It may take as long as a couple of years to get a medically underwritten life insurance policy after a cancer diagnosis, especially if your cancer is over stage 2. It also will depend on the type of cancer, treatment needed, and effectiveness of the treatme...

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Yes, you may be able to pay for your life insurance using a credit card.

Now there are several options that may be available for paying your life insurance, including check, EFT (Electronic Funds Transfer) or credit card.

You can find out when you apply for your life insurance policy by asking the life insurance agent, insurance company or online life insurance broker if the life insurance payments can be made using credit cards.
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It's easy to compare life insurance quotes on the internet.

You can visit Efinancial to request your free, instant life insurance quote comparisons from their network of 94 highly-rated life insurance carriers.

With Efinancial you just fill out one form one time and you instantly receive the 12 lowest life insurance quotes. With Efinancial you may save up to 75% on your life insurance coverage by comparing the most affordable plans and prices from top insurers.

And, you may qualify to buy up to ...
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Yes, most people who have had a heart attack may be able to qualify for life insurance coverage.

If you were under age 40 when you had your heart attack, you may need to settle for a guaranteed issue life insurance plans or simplified issue life insurance coverage.

If your heart attack was at an older age, your heart function is still good, you have addressed any issues that led to the heart attack (CAD, diet, etc), and several years have passed since having your heart attack,...

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Yes, people over age 70 may qualify for life insurance coverage.

It depends on the person's age and health, and the life insurance company's guidelines for approval.

In addition, the type and amount of life insurance the person needs will impact acceptance, and the cost of the life insurance policy.

It would be easier for someone over 70 to qualify for a term life insurance plan providing coverage for 10 years or less, instead of a permanent life insurance policy providing lifetime protection.

In...
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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, you may be able to buy a life insurance policy on your brother if you have an 'insurable interest" in your brother.

Insurable Interest means that there is some sort of financial link between you and your brother. Either you rely on him for some financial support, or you may suffer financially if he were to die.

Your brother would, of course, need to cooperate in the process, sign the application for life insurance and provide medical information.  There are many circumstan...

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Anyone can own their own life insurance policy, when they are the insured person of the life insurance policy.

Sometimes people think that someone else should own their life insurance policy for tax purposes, when the possibility of their estate ever being large enough to incur estate taxes is nil, and life insurance does not incur income taxes.

But there are legitimate situations (for tax purposes and otherwise) where another person owning the life insurance policy on your ...

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Yes, you may be able to qualify for life insurance if you have Grave's Disease.

If your Grave's Disease is in remission, or has caused hyperthyroidism that is is well controlled by medication, Grave's Disease will not make much impact on the rate you are charged for your life insurance policy.

If combined with other health conditions, or if you have some health complications from Grave's Disease, you might be rated up or even turned down for some life insurance policies.

Howe...

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Corporate owned life insurance (COLI) policies have been used for many years, but it's purpose has changed over the years.

It began as a way to provide necessary money to a business when a key employee died. The death benefit allows the employer to recoup some of the loss of earnings incurred when a productive employee dies, and provides money for recruiting and training a replacement.  

For many years, it was a common practice for an employer to take out life insurance on a...

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Is there life insurance for cancer survivors?

Yes, there may be life insurance available for a cancer survivor.

However, whether or not you qualify for cancer survivor life insurance will depend on the insurance company guidelines for acceptance.

In addition, your age, when you were determined to be in remission, and your current health, as well as, the medication you are taking may impact your acceptance for life insurance coverage.

In addition, if you are turned down for life insurance you may ...
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As long as you have an insurable interest you can buy a life insurance policy on another person.  That interest need only be present at the time you purchase the life insurance policy.  If that interest ceases you can still own the life insurance policy on the other person's life. 

In addition, you may need the person you want to insure to sign the application for life insurance and answer some health questions.

There are many scenarios where this is practiced and generally is...

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Yes, you can take out life insurance on your spouse.

In order to buy life insurance on another person you need an insurable interest in that person.

Insurable interest basically means you rely on the person for financial support, or you may suffer financially if the person were to die.

There does exist insurable interest between spouses, so you can take out a life insurance policy on your spouse.

When purchasing the life insurance on your spouse you may need your spouse's signature and he or she ...
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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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Yes, you may be able to buy life insurance on another person if you have an insurable interest in that person.

If you rely on someone else for financial support, or you would suffer financially if another person were to die, you may be able to buy life insurance on that person.

However, in order to purchase life insurance on another person you may need that person's permission, and the person may have to sign an application for the life insurance, and answer some health questions.

Usually, insur...
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It is possible to take out a life insurance policy on your father.

Since he is your father, you have an insurable interest in him, which is required in order to buy life insurance on someone else.

However, when taking out the coverage you may need his signature on the application, and he may have to answer some health questions. But, some life insurance plans may not require his knowledge.

This article explains how to buy life insurance on your parent. You can even request a life insurance quote...
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Yes, you may be able to purchase a life insurance policy on someone else.

The insurance company will require that you have an "Insurable Interest" in the person you want to insure.

This means that you would suffer a financial loss if the person were to die, or that you rely on the person for some form of financial support.

There does exist insurable interest between spouses, siblings, parents and their children, family members, and business partners, among others.

In addition, if you want to insu...
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No, not anyone can take out a life insurance policy on you.

They must have a financial relationship to you, or be a very close relative. The insurance company requires that someone taking out life insurance on another person must have an "Insurable Interest" in that person.

Someone to whom you owe a large amount of money could take out a life insurance policy on you, so that they would get paid if you passed away.

Or, a relative could take out life insurance on you to help pay...

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A wife can and often does take out life insurance coverage on her husband. And a husband often takes out life insurance coverage on his wife. Parents also purchase life insurance on their children.

You can buy life insurance on your spouse because an insurable interest exists between spouses, which is a requirement to buy life insurance on another person. When you apply for life insurance on your husband, you may have to answer some health questions about his health.

Here's how...

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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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Yes, seniors may qualify to purchase life insurance to pay for their burial expenses.

Average cost of a funeral and burial may exceed $7,500 according to surveys from Funeral Directors.

Seniors age 78 and under may qualify to purchase up to $30,000 of life insurance coverage to help provide the funds to pay for their burial and funeral costs.

In fact, seniors can apply online for a policy with no health exam required, but there may be a few health questions to answer.

There is an "A+" rated life ...
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Yes, you can get life insurance even if you have ulcerative colitis.

If you want more than $25,000 of life insurance coverage, the insurance company will most likely require your medical records. The life insurance company will check to see if your ulcerative colitis condition is stable and mild to moderate, which should qualify you for a life insurance policy.

However, any recent flare ups, surgeries, certain prescriptions, or complications such as liver disease, could caus...

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Yes, you can purchase life insurance on your parents.

Many children buy life insurance on their parents to help pay for final expenses; such as, funeral and burial costs which may add up to as much as $7,500 or more per parent. A study of Funeral Director's indicates the average cost of a funeral to be around $7,750.

In order for someone to buy life insurance on another person there must exist insurable interest. This means you either rely on the person you want to insure for money, or you woul...
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Yes, you may be able to get life insurance on your brother.

The life insurance company requires an insurable interest in the person you want to insure for life insurance.

Insurable interest means you rely on the person for some form of financial support, or you would suffer financially if the person were to die.

Insurable interest does exist between spouses, parents and their children, and siblings, among others.

So, you could buy life insurance on your brother, but you may need his permission, s...
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No, you can't buy life insurance on just anybody.

The life insurance company will require you to have an "Insurable Interest" in the person you want to insure for life insurance.

Insurable Interest means you rely on the person for financial support, or stand to lose money if the person dies. 

Insurable Interest does exist between spouses, siblings, parents and their children, relatives, and business partners, among others.

So, for instance, you may insure the life of your parent, but you will nee...
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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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You may or may not be able to qualify for life insurance if you are an alcoholic. It will depend on your age, health, and other risk factors related to your drinking.

The life insurance companies look at several factors in determining if they wish to issue a life insurance policy for coverage.

Have you been to AA? Have you been to a treatment facility for alcoholism?

If you are an alcoholic, are you being treated for kidney problems?

What is your record as far as being arrested f...

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Whether or not someone with cancer can buy life insurance may depend on the type of cancer, stage, treatment and the period of time since all treatment has ended.

Certain types of cancer, such as most forms of skin cancer, if caught early and "cured", should not prevent someone from qualifying to buy a life insurance policy, depending on the stage of cancer and treatment, rates for your life insurance policy may be standard or higher.

Other forms of cancer may be insurable an...

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If you have COPD it is highly unlikely you will be able to qualify for life insurance coverage.

However, it will depend on your personal health history provided through a pre-screening process that would tell you what to expect for a rate classification on your life insurance policy, if qualified.

It is unlikely a person would be considered a standard risk with COPD, but that person may get a table offer from a carrier at a much higher rate than standard, depending on your hea...

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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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Yes, you can almost always get life insurance while having lupus.

If your lupus is severe enough to cause kidney damage, anemia, pleurisy, pericarditis, or brain dysfunction, you will most likely need to take a simplified or guaranteed issue life insurance policy.

A guaranteed issue life insurance plan has a graded death benefit which means you need to be insured for at least 2 years before you have full coverage under your life insurance policy.

If it is mild, you can get med...

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The number of life insurance policies you have will depend on how much life insurance you need and how many life insurance policies insurers may allow you to purchase.

Yes, you can own two or more life insurance policies.

Since your life insurance needs may change throughout your life, insurers will allow you to own more than one life insurance policy.

However, they ask about the amount of life insurance you already own when you apply for life insurance. They want to make sure you aren't over-in...
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No, you cannot borrow money from a term life insurance policy.

A term life policy does not build up any cash value inside the policy over time like a permanent life insurance policy.

Term life is "pure protection", not an investment.

You may cancel your term life policy and you may get some of the premiums paid back, but there is no money inside the policy to borrow from, just life insurance protection.



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Yes, Life insurance companies can refuse to pay the death benefit of your life insurance policy if it is within two years since the policy was purchased, and they find that you misrepresented facts on the application for life insurance coverage when you applied for your policy.

For example, if the applicant for life insurance was scheduled for a biopsy for cancer, but answered "no" to the question that asked if there were pending tests for diagnosis of any disease.

If the he...

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Getting life insurance with a DUI on your driving record may be possible.

The price you pay for your life insurance if you have had a DUI will largely depend on how long ago the DUI occurred, if there was any alcohol treatment involved, and if a second DUI occurred after that?

You may not be able to get a medically underwritten life insurance policy if you have had a recent DUI.

However, you may be able to qualify  for a simplified issued life insurance policy a year or two aft...

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You can purchase life insurance for your parents since you have an "insurable interest" in your parents.

Some of the more common reasons adult children buy life insurance on their parents are for estate preservation or to take care of final expenses foe your parents.

You can also be the premium-payer, and as the owner of the life insurance policy, you can choose who is the beneficiary, and change it at any time. Typically, death proceeds are paid out free from taxes and avoid...

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The life insurance industry has several hundred life insurance companies, many of which specialize in insuring certain types of risk, including high risk applicants.

A declination from one life insurance company may not mean you will definitely be declined by another life insurance company.

After a declination for life insurance, you may still want to continue shopping for life insurance from other life insurance companies that specialize in insuring impaired risk applicant...

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Yes, one person can own two or more life insurance policies.

Many people buy several life insurance policies because different types of life insurance products best meet different types of insurance needs, or simply because they want to diversify the insurance companies with whom their life insurance is with.

Life Insurance companies don't mind how many life insurance policies you own, as long as you can qualify for them financially.

That means, if you earn enough income to q...

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Yes, you can buy a life insurance policy for your father.

As long as your father gives his permission/consent, and he can qualify for the life insurance coverage, yes you can. 

He would need to sign the application for life insurance coverage.  You would be listed as the Owner and Premium Payer of the life insurance policy.

You would want to name yourself as the beneficiary of the life insurance policy, which means upon your father's death, you would receive the death benef...

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Yes you can buy life insurance on your parents. You'll need to justify the amount life insurance on your parents, and you will need their signature on the application acknowledging them as the insured on the life insurance policy.

Life insurance on parents is an under utilized financial tactic for the next generation's economic benefit.

If you buy life insurance on your parents, they are the insured’s, and you are the owner of the policy and you pay the premiums. You wou...

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To get life insurance on someone else, you can go to any life insurance website or insurance agency that offers life insurance coverage.

If they want to see someone face to face, you should contact a place near the person you want to insure for life insurance.

If the person you want to insure for life insurance will be signing a digital application online, they can do it from across the nation from you and/or your insurance agent.

In order to buy life insurance on another pers...

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Yes, you can buy life insurance for your parents, but there are some requirements in order to purchase life insurance on your parents.

1. If you are going to own the life insurance policy for your parents, you can get a small life insurance policy to be used on final expenses. If you want to own a policy on them for a larger amount of coverage, you must show that you contribute to their lives financially, that you would suffer some financial loss if they were to die, for exa...

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Yes, life insurance companies may see your medical records.

If you have taken a medical exam before when applying for life insurance, the information would be available through the M.I.B. (Medical Information Bureau) which is where insurance companies share medical information about applicants for life insurance that have taken health exams.

In addition, the insurance company may request that you take a physical exam, which the insurance company pays for and they get to see the results. Also, t...
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Yes, you can take out a life insurance policy on someone else if you have insurable interest in that person.

Insurable Interest means that there is a financial tie between you and the person you want to insure for life insurance.

Either you would be hurt financially if the person were to pass away (because they owed you money, because they help support you, etc), or you are helping them financially now and life insurance would pay you back for your financial loss upon the oth...

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Yes, you may be able to get life insurance after having a heart attack.

Whether or not you qualify for life insurance may depend on several factors, including but not limited to:

1. How long ago was your heart attack?
2. Have you made a full recovery?
3. Did you have heart surgery?
4. Are you on medication?
5. Do you have regular check-ups?
6. Your Age.
7. Your height-to-weight ratio.

Although you may or may not qualify for a regular life insurance policy, there are guaranteed issue life insurance pla...
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Yes, you can have two or more life insurance plans.

Over time you may find your need for life insurance coverage has changed, whether it's due to a life changing event, like getting married or buying a new home, or you have taken on additional debt.

No matter what the cause of your additional need for life insurance, it is possible for you to own two or more life insurance policies.

When you apply for life insurance the application has a question about any other life insurance you already own an...
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For someone to take out a life insurance policy on you, they must have an insurable interest in you.

Insurable interest means the other person who wants to insure you for life insurance stands to lose financially if you were to die. The other person relies on you for some means of financial support.

For example, if you passed away, it would cause them financial harm.

Also, you must give the other person them permission to take out the life insurance policy on you by signing the...

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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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