Can I buy death insurance for my home loan?

Yes. Many home owners buy term life insurance to provide protection on their home mortgage loan in case they die before the mortgage is fully repaid.

Usually, a home owner would select a term life policy with a policy term (duration) that matches the length of time they have the mortgage loan; such as, 15, 20, or 30 years.

In addition, you would select an amount of life insurance protection that matches the amount of money still owed on the home loan.

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Can people over 80 years old get death insurance coverage?

Yes, there are life insurance policies available to insure people over 80 years old.

These senior life insurance plans are available for people ages 45 to 85 and offer Guaranteed Approval with no health exam required and not health questions asked.

You may choose up to $25,000 of life insurance coverage, and request a free quote online for your policy.

Even people with health issues can get insured. 

Here's how to get death insurance for s...

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Do you want to purchase a death insurance policy?

If so, there are several options of coverage to choose from including term insurance, permanent insurance, and final expense plans which pay out a death benefit to your beneficiary upon your death.

Many people choose to buy a small life insurance policy to cover the cost of their final expenses, if they don't have the money saved to pay for their end of life expenses, including the cost of a funeral and burial.

Here's how to buy death insurance c...

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What is mortgage protection death insurance?

It's a type of life insurance policy that pays out a death benefit upon the death of the insured person who holds a mortgage on his/her own home.

The death benefits paid out on the mortgage insurance are used to pay off the outstanding balance on the home loan if the insured person dies.

There are different types of insurance available to protect your mortgage loan.

Learn more about mortgage protection death insurance plans.

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Can I get death insurance to cover the cost of my funeral expenses?

Yes, there are life insurance policies (also known as death insurance) that can provide the money needed for your loved ones to pay for your burial and funeral expenses.

Usually, these are whole life policies with guaranteed approval for anyone who meets the age requirement.

Since they offer guaranteed approval, there is no health examination required and no questions asked about your health.

The average cost of a funeral and bur...

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How does term life insurance compare to accidental death coverage?

They are two different types of life insurance.

Term life pays out a death benefit to your beneficiary if you die from an accident or natural causes.

Whereas, accidental death only pays out a death benefit if you die as a result of an accident. 

And, the insured must die usually within 3 months of the accident in order for accidental death to pay out a death benefit on the policy.

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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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Life insurance pays the death benefit if the insured person passes away due to natural causes or accidental death during the period of time you are censured under the life insurance policy.

If you want the life insurance policy to pay out a double death benefit in case of accidental death and your policy does not do that as a feature of the policy, you may be able to purchase an accidental death rider.

That way if your death occurred due to an accident, the life insurance pol...

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Any accident that causes death would be consider accidental death.

An accident is an event which was unintended.

Whereas, life insurance covers death by old age, accident, or intentional death by suicide, if you have been insured for two or more years, one year in some states like Colorado.

Accidental death insurance covers only death resulting from an accident, and most policies require death to happen within a certain period of time of the accident, such as, 30 or 90 days, in order for the dea...
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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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