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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Yes. Fidelity Life does offer life insurance plans without any health examination required.

These are term life insurance policies offering coverage for a specific period fo time; such as, 10, 15 or 20 years of protection.

Qualified applicants may purchase up to $499,999 of affordable term life insurance coverage without taking a medical.

You may qualify for coverage within 24-48 hours of applying online.

Fidelity offers competitive pricing on their non-medical term life insurance policies.

Here's...

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If you're shopping for a life insurance policy, you may be wondering if term life insurance is right type of coverage for you.

That's a good question. You want to make sure you choose the right type of life insurance protection.

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

Permanent life insurance costs a lot more, but it does build some cash value inside the policy, and to does provide guaranteed lifetime protection as long as you pay your premiums on time.

Whereas, term life...

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Yes, there are insurers offering $25,000 of life insurance coverage. although most insurers offer a minimum of $50,000 or $100,000 of life insurance.

These smaller life insurance policies are usually available for people over age 40 and may provide guaranteed approval for those meeting the age requirements.

For example, United of Omaha offers up to $25,000 of whole life insurance with no health exams and no health questions asked. People age 45 to 85 are guaranteed approval for a policy.

Many pe...
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Term life provides simple relatively inexpensive life insurance coverage for a specified period of time.

It's cheap, flexible and easy-to-understand.

Term life offers the lowest prices on short term insurance for up to 30 years of coverage.

You can choose a term of 10, 15, 20 or 30 years of life insurance protection to meet your needs.

If you die during the term of your life insurance policy, your beneficiary receives the death benefit.

If you outlive the duration of your term life policy, your li...
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What is no exam life insurance?

It's life insurance you can buy without taking any health examination.

How does it work?

You can request a free quote and apply for your life insurance policy online. If approved (usually within 15 minutes), you can start your life insurance the same day.

How much life insurance can I buy without a medical exam?

Some insurers offer up to $350,000 of no exam life insurance.

Is there a money-back guarantee?

Yes, each state has their own money-back guarantee requirement,...
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Term life insurance is what people call "pure insurance." It is pure life insurance protection with no investment feature in the policy. It provides life insurance, and there is no build up of cash value inside the policy.

You pay a premium for a specific period of time, usually 10 to 30 years, and the insurance company will pay a death benefit to your beneficiary if you pass away in that time period.

You designate an amount of life insurance with the insurance company and the...

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The "term" of your term life insurance policy is the amount of time you have life insurance protection.

You choose a "term" when you purchase your term life policy.

The common "terms" available for term life are for a period of 10, 15, 20 or 30 years.

So, if you bought a 20 year term life policy, you would pay your monthly (or yearly) premium to the insurance company in return for a set amount of life insurance protection for a period of 20 years.

If you die during that period of time, the benefi...
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What are the advantages and disadvantages of a whole life insurance policy?

Since whole life insurance is coverage that provides guaranteed protection your entire lifetime, it will cost more than a term life insurance policy which provides coverage for up to 30 years.

The advantages of whole life insurance include:

1. Guaranteed lifetime protection.

2. Builds can value inside the policy.

3. You may take a loan form the cash value.


The disadvantages of whole life insurance include:

1. It may cost 2 t...
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What is life insurance no medical?

It's life insurance that does not require you to take any medical examination to qualify for the purchase of the life insurance policy.

However, with no medical life insurance there are usually some health questions you need to answer when you apply for your life insurance policy.

And, the amount of life insurance available with no medical exam required may be limited to around $500,000.

However, no medical life insurance is usually much quicker and easier to ge...
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Life insurance is a contract between an individual and a life insurance company.

The insured person agrees to pay a premium to the insurance company in return for the life insurance company promising to pay out a death benefit to the insured person's beneficiary of choice upon the death of the insured person.

The life insurance policy may include specific exclusions for which the death benefit will not be paid out, for instance, if the insured person were to commit suicide within 2 years of pur...
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When people that you love will suffer financially if you were to die, you may have a need for life insurance protection.

If that need will remain for many years, perhaps even your entire lifetime, you need permanent life insurance.

The most popular form of permanent insurance is whole life insurance coverage. It provides that the life insurance company will pay a fixed amount (death benefit) when you die, regardless of when that occurs. In exchange you are required to pay a p...

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A term life insurance policy has a start date and an end date.

Many term life policies will offer renewal after the end of the guaranteed premium period; however, the rate increases are usually substantial, so it may cost a lot more than you were paying for your original term life insurance coverage.

If you are healthy and can qualify for a new life insurance policy, that might be a better option than renewing your expiring term life insurance.

If you have a permanent need fo...

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What is voluntary term life insurance?

Usually it is a life insurance plan offered through your employer to provide employees with an opportunity to purchase life insurance coverage through work, and the premiums may be payroll deducted.

In some cases, voluntary group life insurance plans offer life insurance coverage at a higher cost, but with fewer health questions and no laboratory testing. 

It's important to keep in mind when considering life insurance that the more healt...

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Does the cost of a term life insurance policy go up over time?

Yes, the cost of your term life insurance coverage may increase over time. With level term life insurance plans you pay the same level premium for the duration of your term. 

So, if you have a 10 year term life policy you would pay the same premium each year for 10 years. However, if you need life insurance to continue after the ten years ends, you would renew your policy and the premium would increase based on your age at renewal.


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There are many good reasons to purchase a whole life insurance policy.

For instance, many parents purchase whole life insurance for their young children. That way, the price is locked--in at that low rate for the child's entire life, and many life insurance companies will offer the opportunity to increase that coverage amount without any health questions.

Another reason to buy whole life insurance is that the policy doesn't end, so there is no way that you can outlive your lif...

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There are different "types" of no medical exam life insurance plans that are available.

Some life insurance companies offer life insurance up to a certain amount by asking a few medical questions and if you answer those satisfactorily the life insurance coverage is issued. This type of life insurance could cost you more than similar life insurance that is fully underwritten.

Some no exam life insurance plans offer up to $350,000 or more of life insurance without any health ex...

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A whole life insurance policy can be a good investment for some people.

Life insurance creates cash upon the death of the insured person, and whole life insurance is designed to be "In Force" your entire lifetime, until you die, not if you die within a specified term or period of time.

From an estate planning point of view, that is a good thing, since it is guaranteed your beneficiary will receive the death benefit from your whole life insurance policy.

If you need life insu...

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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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Term life insurance is temporary coverage for a set period of time.

The term is the period of time that the premium and coverage is guaranteed.

If you have a term life policy and the guarantee period on it is expiring, you have a several options that may be available:

1. You can continue to pay the annual premiums as the term policy will be annually renew, however, the premiums will start to go up each year (based on age) by a substantial amount. That means each year you will ...

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Yes, there are times when buying a whole life insurance policy may make sense for you.

However, it depends on you and your personal life insurance needs - what you want your life insurance coverage to accomplish.

For instance, if you need life insurance to provide funds to help pay for your burial and funeral expenses, you may want to consider buying a whole life insurance policy.

Why choose whole life insurance? Be whole life insurance provides you with lifetime life insurance protection.

Whole ...
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What is whole life insurance?

Whole life insurance is one of two types of life insurance coverage.

Whole life provides life insurance protection and a savings component.

Whole life insurance gives you guaranteed life insurance for your entire life.

In addition, it builds up cash value inside the policy over time from which you may be able to take a loan.

With whole life, you pay the same premium for your life insurance coverage each year.

Whole life insurance costs a lot more than term life insuran...
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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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Whole Life Insurance offers features that many other types of life insurance plans do not. Not all of these are part of every Whole Life Insurance policy, but some of these features are:

• Coverage that will last your entire lifetime.
  
• Cash value accumulation that can be used for personal use by tax free loans.
  
• Dividends may accumulate over time (with a Mutual Life Insurance Company)
  
• The ability to pay up your entire premiums in a limited number of years.
  
• The ability to quit paying...

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Can I purchase a senior whole life insurance policy online?

Yes, you may be able to buy senior whole life insurance coverage on the internet, if you qualify.

In fact, seniors age 80 and under may qualify to buy a whole life insurance policy. There's no medical examination required, just some health questions.

It's called single premium whole life insurance, and you pay just one premium amount, one time, and get lifetime life insurance coverage which may build up cash value inside the policy over...
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If you are considering the purchase of a whole life insurance plan you may be wondering when is the time to buy whole life insurance?

Basically, whole life policies provide you with lifetime protection and may build cash value inside your policy, but cost more than term life insurance. So,here are some reasons for buying a whole life insurance plan:

1. To provide lifetime life insurance protection.

2. To build up cash value savings inside the life insurance policy from which you may take a loan ...
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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 are just looking for a burial type life insurance policy which you would like to give to your child as a gift when they are an adult, perhaps when they have a family of their own, you might just start off with a $30,000 life insurance plan.

Underwriting is usually minimal in most cases on life insurance policies for children, meaning there is no health exam and few health questions. You can even get a quote and apply online for your child's life insurance plan in about...

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Term life insurance is a type of temporary life insurance which lasts for a certain period of time.

Usually, term life policies provide coverage for a term (duration) of 10, 15, 20 or 30 years.

When the term ends, the life insurance coverage expires, you have no more life insurance.

The term life insurance does not end at a specific age, but the anniversary date of the end of the term for your policy.

When the term comes to an end, you may renew your policy for another term, or apply for a new li...
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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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There are several features to consider when comparing term life insurance policies, including:

1) The price and death benefit are guaranteed to stay the same for the full term,

2) How long the term lasts - 5, 10, 15, 20 or 30 years?

3) The term life policy is convertible to permanent life insurance without evidence of insurability for an extended period of time, and

4) The life insurance carrier is reputable and highly rated by AM Best Company for financial strength.

Also, c...

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