Will a life insurance policy pay for the cost of my funeral expenses?

Yes, the proceeds from life insurance can be sued by your beneficiary to help pay for the cost of your funeral.

However, the death benefit paid out to your beneficiary may be used by the beneficiary for any purpose that person chooses to use the money.

There are funeral insurance plans that are issued for the purpose of paying the cost of a funeral.

In addition, these plans may offer guaranteed approval which means you won't ha...
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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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Will my life insurance policy pay out a death benefit if I die as a result of an accident?

Yes, standard life insurance policies cover accidental death and natural causes.

However, intentional acts are usually excluded from coverage.

So, for instance, suicide is usually excluded if it occurs within the first two years you are insured (one year in some states).

But, there can be exclusions for certain high risk activities or occupations.

That's why it is a good idea to review all exclusions with yo...
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Can I get life insurance if I have an illness or disease?

Yes, there are life insurance plans available for high risk people with an illness.

Some plans may require a health exam which may end up disqualifying you for coverage due to your health.

However, there are guaranteed approval life insurance plans available for people age 45 to 85.

With guaranteed approval there are no health dams and no questions asked about your health.

However, the death benefit is limited the first two years you are in...

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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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Yes, life insurance companies will know if you smoke.

If you purchase a life insurance policy they ask you on the application form about any tobacco use. If you answer "yes", you do smoke, they will know. Also, some insurers require you to take a blood test and medical exam which will determine if you smoke.

However, there are life insurance companies that offer life insurance without any medical exams or blood testing.

But make sure you do not lie on the application for life insurance because ...
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Life insurance death benefits may be used to pay the cost of your funeral and burial expenses. 

It is best to use Whole Life or guaranteed no lapse Universal Life insurance, so that your life insurance policy is sure to be “In Effect” when you pass away. 

However, when you purchase a life insurance policy you choose the beneficiary who will receive the death benefit upon your death. You have the option of changing the beneficiary when you choose to do so. 

The benefici...

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Yes, life insurance may cover death resulting from skydiving.

However, some life insurance carriers have varying degrees of expertise in underwriting different risks for life insurance; such as, skydiving, or other high risk activities.

There are some insurance companies who are very proficient in underwriting risky hobbies in general, and skydiving in particular.

You may want to contact a life insurance company that specializes in insuring high risk hobbies including skydivin...

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If you own a life insurance policy you want to make sure your life insurance company will pay out any claim on your policy should you die.

But, there are several instances where a life insurance policy will not pay out a claim.

1. If your policy has expired, and you no longer have coverage.

2. If your policy has lapsed due to non-payment of premium.

3. If your policy excludes death due to your cause of death, such as, killed in a war.

4. If you lied on the application for life insurance, and the l...
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A life insurance policy may or may not cover death resulting from an overdose.

The first two years of a life insurance policy, which begins on the date of issue is called the Contestability Period.

If the overdose occurred during that 2 year timeframe, it may be investigated as a suicide.

If death by suicide is confirmed, no death benefits would be paid out, unless it occurred in a state with a 1 year suicide exclusion; such as, Colorado.

If death of the insured occurs after t...

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