Deciding how much life insurance to buy is an important financial decision that requires careful consideration of your current financial situation, future needs, and the well-being of your dependents. Here are some steps to help you determine the appropriate amount of life insurance coverage:

• Evaluate your financial obligations: Start by assessing your current financial responsibilities and obligations. Consider factors such as outstanding debts (e.g., mortgage, student loans, credit card deb...

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There are several reasons why individuals may choose to purchase a term life insurance policy. Here are some of the top reasons:

• Income Replacement: One of the primary reasons people buy term life insurance is to provide income replacement for their dependents in the event of their death. If the insured person is the primary breadwinner or contributes significantly to the household income, a term life insurance policy can ensure that their loved ones are financially supported and can maintai...

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Life insurance policies with no medical exam and no health questions asked are commonly referred to as "guaranteed issue" or "simplified issue" life insurance. Here's an explanation of how these policies work and who may benefit from them:

1. Application process: When applying for guaranteed issue life insurance, you don't need to undergo a medical exam or answer health-related questions. Instead, you provide basic personal information such as age, gender, and contact details. The application i...

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When it comes to shopping for the best price on life insurance there are many options to choose form for quote comparisons.

However, the quickest and easiest place to get life insurance quotes is just to visit a life insurance website, fill out a Quote Request Form, and you will instantly see on your screen the lowest prices available for life insurance from several leading life insurance companies.

Your free price quotes fir life insurance are based on the information you provide on the quote ...
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Are you shopping for a final expense insuranc plan over the internet?

If so, you may want to consider your specific needs before choosing a policy.

According to a study by the National Funeral Directors Association, the average cost of a funeral and burial in America is around $8,750. However, the overall cost can vary by the location of the town or city in which you reside.

Keep this in mind when deciding how much coverage you need to cover the cost of all of your final expenses.

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

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

Permanent life insurance provides lifetime protection, a death benefit, and may offer a cash value component that ...
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A term life insurance policy premium calculator is a calculator you can use to find out how much term life insurance will cost.

You just fill out the quote request form and click on a button and the calculator will give you free quotes from several leading life insurance companies instantly, right on your screen.

By using a term policy premium calculator you can shop and compare the best pricing for term life insurance, quick and easy, from the comfort of your home, or anywhere, at anytime.

Usin...
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Converting a term life insurance policy is an option people who have convertible term life insurance may exercise to convert their existing term life insurance into a permanent life insurance policy.

Some people decide they need lifetime coverage after having purchased a term (temporary) life insurance policy.

The option to convert your term policy allows you to convert your temporary life insurance into a permanent life insurance plan.

You will not need to take a medical exam to prove insurabil...
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Term life insurance is a type of coverage providing temporary insurance for the duration of your life insurance policy term, which is usually either 10, 15, 20, 25 or 30 years.

If the insured person does not die during the policy term, the coverage expires with no payout of any benefits.

However, if you still need life insurance, you may contact the insurance company before the expiration date and request a renewal of your policy for an additional term, usually up to 5 or 10 years.

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

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

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

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Are you looking for the most affordable life insurance coverage?

If so, you'll want to consider the following tips to assist you in getting low cost life insurance protection:

• Compare pricing from several of the leading life insurance carriers.
  
• Buy Life Insurance Now while you are young and healthy, as rates increase with age.
  
• Consider term life insurance instead of permanent life insurance if you need protection for 30 years or less, because permanent usually costs up to 5-10 times more than ter...

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If you are considering the purchase of life insurance, you'll probably want to think about the following questions before making your choice of coverage.

• What goal do you want your life insurance plan to accomplish?
  
• How much life insurance protection do you really need?
  
• How much can you afford to spend monthly on your life insurance policy?
  
• What type of life insurance is right for you?
  

These are just a few of the more important questions to ask when getting life insurance.

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A.M. Best is the most experienced rating agency for insurance companies, having been in business since 1906.

Its Financial Strength Rating is recognized worldwide as the benchmark for assessing and comparing the financial stability of insurance companies.

The Top Ratings for Life Insurance:

1. A++ and A+ (Superior) — Assigned to companies that have, in A.M. Best’s opinion, a superior ability to meet their ongoing financial obligations to their life insurance policyholders.
   
2. A and A- (Excellent) �...

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When is a good time to buy more life insurance coverage?

There are many major life events that may give rise to a need for additional life insurance protection.

Some of the most common reasons for buying more life insurance may include:

• Getting married.
  
• Expecting a baby.
  
• Buying a new home.
  
• Getting a promotion at work.
  

These are some of the more common reasons people choose to buy more life insurance protection.

Learn more about when to buy more life insurance protection.

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If you are considering the purchase of life insurance, you may want to learn about when it's a good time to buy term life insurance, and when it may be better to buy permanent life insurance protection.

Since term life insurance is temporary, lasting for up to 30 years, you'll want to consider term life for your temporary protection needs; such as, if you have a need for life insurance that will last 30 years or less - A home mortgage, car loan, growing children, etc.

However, it you need life ...

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The length of time it takes to get life insurance will depend on the insurance company and the type of life insurance policy you need, in addition to your personal health.

The traditional type of whole life insurance policy requiring a medical exam may take up to 4-6 weeks for you to get insured.

This may vary depending on the medical record requirements based on your health, and how long not takes to receive those records from your Doctor.

There are other types of policies available, including ...

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If you think you have a need for life insurance, you probably do need coverage.

Many people consider buying a life insurance policy when they get married or purchase their first home.

Others wait until they have their first child, or have someone who relies on their income for financial support.

However, there are many life milestones that may indicate a need for life insurance protection.

Learn more about when to buy life insurance protection.

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The age that a term life insurance policy covers you to depends on your age at the time you buy your policy, and the duration or term of coverage.

For example, if you are 25 when you buy a 20-year term life policy, your coverage will remain "In Force" until you are 45 years old. But the policy expires at the 20-year anniversary of your coverage.

However, a term to age 70 policy provides life insurance protection until you reach 70 years old.

Learn more about Term life insurance covers to what age?

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If you are looking to purchase life insurance you may be wondering how you can find the most affordable plan.

There are several helpful tips you can follow to save yourself money on your life insurance policy.

For example, did you know that term life insurance is the cheapest type of life insurance available, by far?

And, the younger you are when you purchase life insurance, the lower your cost of coverage because your rate is based in part on your age; as well as, your health, among other key f...

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Is it possible for someone to apply online and start their no exam life insurance policy today?

Yes. If you qualify for coverage you may start your life insurance today without having to take any health exams.

In fact, several insurers now offer quick issue no exam life insurance plans.

However, most of these plans are for healthy individuals between the ages of 20 to 60.

You can request a free quote, apply online and start your life insurance right away, if you qualify for coverage.

One highly-ra...

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Is it possible for someone to apply online and start their no exam life insurance policy today?

Yes. If you qualify for coverage you may start your life insurance today without having to take any health exams.

In fact, several insurers now offer quick issue no exam life insurance plans.

However, most of these plans are for healthy individuals between the ages of 20 to 60.

You can request a free quote, apply online and start your life insurance right away, if you qualify for coverage.

One highly-ra...

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

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

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

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

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

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

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What is a life insurance cost calculator and how does it work?

It's a way for consumers to compare instant pricing from multiple life insurance carriers.

You just visit a life insurance website, fill out the Quote Request Form, and click on the button to see the lowest prices for life insurance from several leading insurers immediately.

There are no delays and no hassles.

Learn more about how a life insurance cost calculator works.

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If you are an adult child you may purchase burial insurance on your Mother, because you have an insurable interest in your Mom.

Burial insurance provides a death benefit payout upon the death of the insured person (Your Mom).

Upon your Mother's passing, the death benefit from the burial insurance will be paid to the beneficiary (You) which can be used to cover the cost of your Mom's burial and related expenses.

There are guaranteed issue burial insurance policies available, so even if your Mom ...

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If you're looking to purchase burial insurance to cover the cost of your final expenses, you'll want to consider how much insurance you need.

Today, the average burial and funeral costs are around $8,500 in the US.

This total may include common expenses related to a burial including the cost of burial, burial casket, funeral, headstone, hearse, embalming, flowers, memorial service, etc.

Several insurers now offer up to $20,000 or more of burial insurance to cover your final expenses.

These plans ...

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

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

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

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

However, level term off...
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Is there life insurance to pay off the balance on my home mortgage loan?

Yes. There are term life insurance policies available that can help to provide the funds needed to pay off your remaining balance on your mortgage should you die before it is fully repaid.

Term life allows you to select coverage for a duration of 10, 15, 20, 25 or 30 years to match the duration of your mortgage loan.

And, you can select the amount of coverage that matches the amount you currently owe on your mortgage.

The pr...

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Can I buy life insurance to pay off my debt?

Yes, you may purchase term life or permanent life insurance, and the proceeds may be used by your beneficiary to pay off any debt you leave behind upon your death.

Many people use life insurance to provide their loved ones with the funds needed to pay off their remaining debt.

For example, 20 or 30 year term life insurance is often used to provide mortgage protection, so your family has the money needed to pay off the mortgage loan should you die befo...

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The easiest way to purchase life insurance is quick-issue, simplified term life insurance over the internet.

Today there are several life insurance carriers that offer same-day life e insurance coverage to qualified applicants who are healthy and between the ages of 18 to 60.

You can apply online and qualify to purchase your life insurance plan in as little as 15 minutes.

Although there are no medical exams required, you will be need to answer some health questions.

Learn more about finding the e...

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If you're considering term life insurance, there are some things you should know before making your purchase.

For instance, did you know that term life is temporary life insurance?

That's right. Which means, you may outlive your life insurance coverage.

And, term life offers several different "term" options so you can choose coverage to meet your specific needs; for example, coverage for a term of 10, 15, 20, 25 or 30 years.

The longer your policy term, the higher your annual cost of term life in...

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The best time to purchase life insurance is when you realize you need coverage. The younger and healthier you are when you buy life insurance, the lower your premium.

Your life expectancy plays a large role in how you are rated for coverage, so - the longer you are expected t live, the lower your cost for life insurance.

Personal risk factors also impact pricing, including your gender, health, lifestyle, tobacco use, etc.

Many people choose to buy life insurance when they experience a major life...

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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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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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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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Is there life insurance that will cover the cost of your funeral expenses?

Yes, there are guaranteed-issue life insurance plans for seniors age 45 to 85 that offer guaranteed approval without any health exam or health questions.

These life insurance policies offer up to $25,000 of coverage to pay for your funeral, burial and any related expenses.

Guaranteed approval means you can't be denied coverage due to any pre-existing health problems.

Learn more about buying a life insurance policy to cover...

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There are several very good reasons you may want to purchase a final expenses life insurance plan.

Whether or not we plan ahead, the inevitable happens to us all - we die at some point in the future.

Planning for this ahead of time with the purchase of final expense life insurance coverage can help give you peace of mind knowing the ones will be there to pay for your burial costs.

In addition, it shows that you care about your family and respect your loved ones enough to make sure they won't be ...

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If you're a senior looking for quality, affordable life insurance you may be wondering which life insurer is the best for older people.

There really is no one single life insurance carrier that's best for all senior citizens.

It really depends on you - your age, health, lifestyle, and the type of life insurance you need, as well as, the amount of insurance coverage you need.

Some insurance carriers are better at providing affordable plans  for people with certain health conditions like diabetes ...

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Yes, if you are married you can buy life insurance on your spouse, (with his or her knowledge), because you have an insurable interest in your spouse.

Buying life insurance to replace a spouse's income is one of the most common reasons people choose to purchase life insurance coverage.

You are choosing to provide financial security for your family should your spouse pass away, by insuring his (her) income with life insurance.

That way, your family can maintain their standard of living and have f...
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Is there life insurance available for people age 50 to 85 years old?

Yes, there are term life insurance policies available which offer temporary coverage for a specific number of years (up to 30 years), and there are permanent life insurance policies that provide guaranteed lifetime protection.

In addition, there are guaranteed life insurance policies which may be a good option for anyone over 80, or with a health problem, or someone who has been turned down for life insurance from other insura...

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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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What's important to consider when choosing a term life insurance plan?

If you're considering term life insurance you'll first want to consider how long you really need your life insurance protection to last.

If you need life insurance for a duration of 30 years or less, then term life is right for you.

Choosing term life will mean you want to consider how much coverage you need, how many years you need life insurance protection, and what you can afford to spend.

With term life you'll have coverag...
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Are you in need of life insurance protection that starts today?

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

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

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

Learn more if you need l...
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What factors will affect the price I pay for a life insurance policy?

There are several key pricing factors including the type and amount of life insurance, as well as, your gender, age and health.

In addition, other personal risk factors impacting cost of life insurance include your family health history, your lifestyle, tobacco use, driving record, hobbies, occupation, height-to-weight ratio, among other things.

Basically, the younger and healthier you are, the lower your price of life insuran...
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Is it possible to buy a life insurance policy direct over the internet?

Yes, in fact, several life insurers now offer same day coverage for qualified applicants, which means you can buy a plan online.

Some insurers offer up to $500,000 or more of term life insurance protection with the option to purchase your coverage direct online.

Although there may be no medical exam required, there are some health questions you will need to answer when you apply for your policy to assist the insurer in decid...
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If you’re considering the purchase of a life insurance policy to protect your loved ones, one of the most important questions you’ll ask yourself is "How much life insurance to buy?

Choosing the right amount of life insurance is a major factor in providing your family with the financial security they will need in case you pass away. And, it has the added benefit of making sure you aren’t paying for more life insurance than you actually need, given your goals and personal situation. 

The m...

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I need life insurance to help pay for my funeral expenses. Which is the best type of life insurance to get for funeral costs?

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

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

If you meet the age requirements for approval, you cannot be denied coverag...
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If you are a parent with young children you may have noticed the offerings on tv or through the mail about life insurance for children and wondered what they are about.

Child life insurance offers several benefits for parents.

For instance, did you know that you could start a life insurance policy for your child for about $2 over month?

And, child life insurance plans can guarantee your child has protection as an adult, even if his or her health changes in the future.

In addition, child life poli...
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Is it possible for me to buy a life insurance plan if I don't already have an insurance agent?

Yes, in fact, there are life insurance plans that offer direct life insurance coverage which you can apply for online without an agent.

And, if you qualify for a policy, you may start your life insurance protection today.

Some life insurance carriers offer instant issue life insurance for people who do not have a life insurance agent.

Depending on the insurer and the requirements for acceptance, you can...
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What is life insurance for mortgages?

A term life insurance policy provides temporary life insurance protection for a specific duration, usually up to 30 years.

To protect your mortgage, you may want to choose a 15, 20, or 30 year term insurance policy to provide a death benefit to your family members should you pass away before your home mortgage loan is paid off.

The death benefit may be used to pay off the outstanding balance on your mortgage so your family members may remain in the home they...
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There are several ways you can compare prices on life insurance including: request free quotes online, contact a local life insurance agent, or call life insurance companies direct, one-by-one to get your price quotes for life insurance.

The process of requesting life insurance quotes online is simple, you just visit a life insurance website, fill out a "Quote Request Form", and receive your free price comparisons.

Since rates for life insurance coverage vary by insurance carrier, you may save ...
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What is the what to get the cheapest term life insurance policy?

If you want to save money on your term life plan make sure you consider these tips:

Purchase coverage while you are young, since prices increase with age.

Get healthy, because people with health issues pay a higher premium for coverage.

It may help to lose some weight, lower your cholesterol levels, and quit smoking, since smokers pay up to 2-3 times more for the same coverage compare to non-smokers.

Use a life insurance needs calcu...
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How can I purchase a life insurance policy if I have applied to an insurer and been turned down?

There are a couple options that may work for you.

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

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

In addiiton, you may be able to contest the medical exam results, or ask for another exam, i...
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What should I consider when shooting for the right life insurance coverage?

There's several important things to consider before making your purchase.

You'll want to answer the following questions:

• What type of life insurance do I need?
  
• How much life insurance do I need?
  
• How much does life insurance cost"
  
• What is my budget for life insurance?
  
• How long do I need my life insurance to last?
  
• What is the financial strength rating of the insurance company?
• How long is my rate guaranteed to remain the same?
• Wh...

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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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What should I be considering when I purchase my life insurance?

If you have decided you need life insurance there are several considerations when buying life insurance protection.

What type of life insurance do you need to accomplish your goals? You' want to learn about the two basic types of coverage: Term Life and Permanent Life Insurance.

Next, how much life insurance do you need? You'll want to use a life insurance needs calculator to help you determine your actual need for life insurance.

Wh...
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I need life insurance but I have health issues and I'm finding it difficult to get insured.

Where can I get life insurance without any exams or health questions asked?

There are some life insurance plans available with guaranteed approval for people who meet the age requirements.

These guaranteed life insurance policies have no physical exam required and they do not ask any questions about your health.

Some carriers offer guaranteed approval for people ages 45-75 or people ages 45-85.

However, you...
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How do you decide what duration (term) to buy for your term life insurance policy?

Actually, it's easier than you think. 

Just ask yourself this question - How long do I need life insurance to accomplish my life insurance goals?

So, if you want to make sure your new one is paid off in case you pass away before the 30 year mortgage is paid off, then choose a 30 year term for your term life policy.

If you want to make sure your 3 year old has enough money to go to college in case you pass away, the...
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What is the easiest way to get an affordable life insurance policy? 

The easiest approach to purchasing life insurance is to shop, apply and buy your policy over the internet. 

Today, a consumer like you may qualify to purchase up to $1,000,000 of affordable life insurance protection within the hour. 

That's right. In fact, one "A++" rated life insurer offers you a way to apply for your policy online in about 15 minutes. And, find out in as little as 1 minute (after applying) if you qualify for ...
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The right time to buy life insurance is the you are young and healthy to lock-in a low rate and guarantee your coverage for the future when you have more financial responsibilities.

However, if you have anyone who relies on you for financial support, now may be the time to buy life insurance protection.

Usually, when you have a mortgage, a spouse and/or kids, you may need life insurance.

Life insurance can help you replace your income for your family, in case you pass away.

Your beneficiaries c...
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When does it make sense to purchase a life insurance policy?

Usually, any major life event may start you thinking whether or not you need life insurance:

• The death of a family member
  
• A promotion at work
  
• Getting married
  
• Birth of a child
  
• Buying a home
  

These are all things which may create a need to consider buying life insurance to protect what you have and provide financial security for those who rely on you for financial support.

It makes sense to buy life insurance if you have anyone you support fin...
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If you're in the market for a term life insurance policy, there are several things to learn about and consider before making your purchase.

Here's a checklist to buying term life insurance coverage:

• Determine how long you need life insurance protection - 5, 10, 15, 20 or 30 years.
• Decide on how much life insurance coverage you will need.
• Figure out your life insurance budget.
• Comparison shop to find the most affordable plan.
• Review the financial strength ratings of the top insurer you consider for ...

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Life insurance carrier ratings are an indication of an insurer's financial stability and the insurer's ability to meet their financial obligations which may include being able to pay the claims people make on their insurance policies with the insurance company.

There are several independent rating agencies that review the financials of insurance companies and issue financial ratings attesting to the financial strength of an insurance carrier.

Some of the leading independent rating services incl...
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Where can someone purchase a policy for life insurance?

When it comes to buying life insurance you can select any one of several options for get your coverage.

Four of the most common options for buying life insurance include:

• Contact life insurance carriers direct
  
• Contact a local life insurance agent
  
• Employer provided group term life insurance
  
• Life insurance websites with access to a large network of insurers
  

You can learn more about where to buy life insurance coverage online.


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Yes, a doctor's exam may be required for life insurance.

However, the requirement for an exam depends on the insurer, your age, health and the amount of life insurance you need.

Some insurers do not require you to take an exam if you are buying less than $50,000 of life insurance.

In addition, there are life insurance policies available online with no health exam required.

Also, the exam from an insurer is usually a paramedic exam performed at your home or office which checks your blood pressure,...
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If you have a family or anyone who relies on you for financial support, you may have a need for life insurance to protect their future.

If so, don't let these common excuses stop you from purchasing the life insurance coverage you need:

It Costs Too Much Money - Not having the life insurance you need could be much more costly in the long run. Without life insurance your spouse may have to go back to work, lose the family home, and your children may miss out on a college education.

I'm Too Busy -...
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I want to buy a term insurance policy; however, I am not sure how much life insurance coverage I need.

In order to figure out how much life insurance you need you can use a term insurance calculator which will have you answer some basic questions about your personal financial situation and your financial goals.

Once you complete the questions asked on the calculator, you just click a button and instantly receive an accurate estimate of your life insurance needs.

By using a needs calculator you c...
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Many people choose to purchase their first life insurance policy when they get married, buy a home, or start a family.

These are all very good times to buy a term life insurance policy, because you can make sure the financial obligations of your home and family do not become a financial burden for your survivors if you were to pass away.

Term life insurance is most affordable while you are young; however, people buy term life insurance coverage at all stages and phases of life...

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The short answer is to buy your life insurance coverage now.

No matter how old you are, you will never be younger than you are today. Age can be a significant factor in determining the price you pay for your life insurance policy.

Many life insurance companies offer special rates on either the life insurance policy or the home or auto insurance policy when you buy your insurance policies with one company, so ask if the company offers any incentives.

Paying your insurance premi...

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What are some tools I can use to help me find affordable life insurance coverage form a highly-rated insurance company?

There's several good tools you can use for finding the right life insurance plans from a top carrier.

1. Life Insurance Needs Calculator - A needs calculator can help you to easily determine what your actual life insurance needs are - how much coverage to buy.

2. List of Top Carriers - A list of the leading insurers will show you the insurers writing the most business and their...
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Why do life insurance companies make you go to see a doctor for a checkup?

Actually, most life insurance companies do have a medical exam requirement for applicants based on the person's age and amount of life insurance being requested.

For instance, some insurers may require a medical exam if you are over age 30 or requesting more than $50,000 of life insurance.

However, the exam is usually a paramedical exam performed in your home or office by a paramedical examiner, not a doctor. And, the exa...
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How can I shop and compare term life insurance rates and plans?

The quickest and easiest way to compare plans and pricing for term life insurance is to request free quotes online from a life insurance quote provider.

Some of the most highly-respected life insurance quote providers online include Efinancial, Accuquote, and 1ClickCoverage.

By visiting a quote provider you just fill out one quote request form and instantly receive the best prices on term life insurance from a large network of the l...
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There are several parties involved in a life insurance contract.

Basically, life insurance is a written contract between the insurance company and the owner of the life insurance policy.

In addition, other parties that may be involved include the insured person, who may also be the owner of the policy.

There are also primary and secondary beneficiaries, who are the people that may receive the death benefit upon the death of the insured person.

Learn more about the parties to a life insurance policy.


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Mortgage insurance can help provide you with the peace of mind knowing your family will be able to continue living in the home they shared with you while you were alive, while providing your loved ones with the security of keeping their home if you are no longer there to provide for them.

If you own a home and have a mortgage loan on your home, it may be a good idea to have mortgage life insurance to protect your family and help to make sure your family can go on living in your home should som...
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What factors will have an affect on the price I pay for my life insurance coverage?

The type of life insurance plan and the amount of life insurance coverage you buy will have an affect on your overall premium.

In addition, your own personal risk factors will impact your rate for life insurance.

Risk factors are indicators of your longevity, how long you are expected to live. Each risk factors plays a part in determining your rate for life insurance. 

For instance, tobacco use is one main risk fa...
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I want to get life insurance but I'm not sure how to find the right policy.

How do I choose the right life insurance of me?

When shopping for a life insurance policy there are several things you'll want to consider before choosing a plan and carrier.

First, ask yourself these questions:

1. What goal do I want my life insurance policy to accomplish?

2. How much life insurance do I need?

3. How long do I need life insurance?

4. How much can I afford to pay for my life insurance?

Then, you'll want to u...
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I want to purchase a life insurance policy but I'm not sure which type of life insurance will be right for me.

There are two type of life insurance policies - Term and Permanent.

Term is temporary life insurance for a period of 1 to 30 years. Most term life policies provide coverage for a "term" of 10, 15, 20 or 30 years. So, if your need for life insurance is for 30 years or less, then term life insurance may offer you the most affordable option.

Permanent (whole) life insurance provides guaran...
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Life insurance is cheaper to buy when you are at a younger age if your health is good or you have no other risk.

Some things that can increase a younger person's life insurance rates do not show up so much in older persons.

For example, DUI's, suspended drivers licenses, some mental disorders, suicide attempts, and type 1 diabetes, to name a few. 

While under the age of adulthood, some of these conditions can make it impossible for a child or teenager to get life insurance, alt...

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

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

In addition, there are several ways to compare insurers, including by price, total assets, total number of individual life insuran...
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The cost for pure term life insurance protection varies based on your age, the amount of life insurance, the coverage period (1, 5, 10, 15, 20 or 30 years), issuing company, your health, tobacco use, driving record and your lifestyle, among other risk factors.

For example, a male age 35 in above average health can expect to pay around a $1 per day for $500,000 of 10 year term life insurance.

Permanent life insurance coverage will cost a lot more but can be designed so that ...

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When should I stop paying for my term life insurance policy? 

You stop paying for your term life coverage when you decide that you no longer need the life insurance protection and wish to stop it. 

You can either choose to provide written notice of cancelation to your life insurance company, which would help you to get any unused premiums refunded. Or, you can just let your life insurance policy lapse by discontinuing the premium payments.

You may want to stop paying for you...

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When you buy a life insurance policy the insurance company bases your cost of coverage per $1,000 of life insurance on a rate they determine based on your age, health, type and amount of life insurance; as well as, other risk factors.

Your personal risk factors that affect your rate for life insurance may include your lifestyle, tobacco use, occupation, hobbies, driving record, height-to-weight ratio, and family health history, among other things.

These risk factors are considered by the insure...
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What are some reasons why people don't buy life insurance?

There's a lot of common reasons for not owning a life insurance policy.

But if you need life insurance you should buy a policy to protect your loved ones.

Some of the most common excuses for not owning life insurance include:

1. It costs too much.

2. I don't understand how life insurance works.

3. I have life insurance through work.

4. I'm healthy so I don't need life insurance.

5. I'm too young to need life insurance.

Here is a complete list ...
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As soon as a child is a few weeks old, insurance companies can issue life insurance policies on them.

That is actually the best time to purchase life insurance for your child.

Child life insurance plans offer the lowest rates at this age and you can lock in that rate for the rest of your child's life, all the while accumulating cash value inside your child's life insurance policy which can be borrowed against or used in later years for retirement with a permanent child life i...

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There are many things to consider when buying a life insurance policy.

First, what is it you want your life insurance to accomplish?

How long do you want your life insurance protection to last?  

How healthy are you?

How much can you safely afford to spend on your life insurance policy?

The answers to those questions will give you a better idea of what to look for when shopping for your policy.

In addition think about how much life insurance you really need, and if you are marrie...

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Before choosing a life insurance plan you may want to consider the following questions to assist you in choosing the right life insurance:

1. What is the AM Best financial strength rating of the life insurance company?

2. Are the rates for your life insurance coverage guaranteed not to increase?

3. Will this life insurance policy build up any cash value over time?

4. What happens when the terms of the term life insurance policy ends?

5. What riders for additional coverag...

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After you apply for a life insurance policy It can take anywhere from hours, to months to be approved for your life insurance coverage.

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

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

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

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

When comparing rates and plans, make sure you consider:

1. The term of the policy ...

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

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

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

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

Wheth...
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The best type of life insurance to buy really depends on your own personal situation, and hat your needs are for life insurance - what you want your life insurance policy to accomplish.

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

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

If you have lifetime, or longer term needs, a permanent life insurance may be a g...
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If you 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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The amount of life insurance someone needs who is 30 years old may depend on that person's situation.

For example, if you are married, have children, or single with no kids or dependents.

The greater your financial obligations the greater your life insurance needs, but that will also depend on how much you earn and how much money you have saved.

In addition, your future financial goals will impact your need for life insurance, as well as, your current outstanding debt.

Are you employed? If so, yo...
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There are many different ways to rank life insurance companies and different criteria to use.

In the insurance  industry, life insurance companies are often rated by total “admitted assets.”  That means how much money the life insurance companies have. 

Another way to rank life insurance carriers would be the number of individual life insurance policies "In Force". 

There are other ways to rank insurance carriers.  However, whether a life insurance company is the biggest, ...

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I want to purchase level term life insurance, how do I get a policy?

Actually, if you want level term coverage there are plans available online where you can request a quote, apply for a policy, and start your life insurance today, if you are approved.

In fact, one highly-rated life insurance company offers people age 60 and under up to $350,000 of level term life insurance for terms of 10, 15, 20 or even 30 years, depending on your age and health.

You can request a free quote, and apply online ...
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Good life insurance is life insurance coverage that pays the death claim on the insured when the insured dies.  

Not all life insurance companies are the same when it comes to price or coverage.  

Although they may offer many of the same types of life insurance, they may be priced differently, or the insurance carrier may have a higher of lower financial strength rating.

Most life insurance companies have a niche which there product is very competitive, while other classes of ...

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Can you purchase life insurance on your parent or parents?

Yes, you may buy life insurance on your parents.

How is it possible? Because, life insurance companies allow people to buy life insurance on someone else with whom they have an insurable interest.

What is insurable interest? It basically means if you rely on someone for financial support, or if you would suffer financially if the other person were to die, then you may buy life insurance on that person.

Insurable interest does exist betwee...
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How do I switch my life insurance policy?

It depends if you want to switch life insurance companies or only switch plans with your current life insurance carrier.

To change a life insurance company you should shop for different life insurance coverage first to find out what coverage you want to replace your existing plan with.

Cancel the old life insurance coverage to collect any cash value from old life insurance policy. It is never advisable to surrender a life insurance...

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Choosing the right amount of life insurance protection for your loved ones is one of the most important decisions you make when purchasing a life insurance policy.

You don;t want to spend more than you need on your life insurance, but you want to get the coverage amount that will meet your goals, and protect your family's future.

How can you go about finding how much life insurance you really need?

It's easy. You can use a life insurance needs calculator. 

You just answer some basic questions abo...
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Here is a list of the highest rated life insurance companies for financial strength:

New York Life

Northwestern Mutual 

TIAA-CREF 

USAA

They all have the highest financial ratings an insurance company can achieve from the credit rating agencies.

You can visit AM Best Company, Moody's or Standard & Poor's to check on the financial strength ratings of insurance companies.

Here is a list of the Top 10 Life Insurance Companies and their financial strength ratings from AM Best ...

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The amount of life insurance you need will depend on your own personal situation, and what goals you want your life insurance policy to accomplish.

Many people choose to buy the amount of life insurance that will eliminate their debt and provide enough money to help their loved ones continue the lifestyle they have enjoyed with the insured person.

If you want your children to got o college, you will provide enough life insurance for that goal.

If you want to provide funds for your spouse's retir...
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How much you spend on your life insurance policy will depend on several things, including how much life insurance you need and what type of life insurance policy you want to buy.

There are several factors that you have to consider when deciding how much to spend on your  life insurance.   First consider your age.  The older you are when you purchase your life insurance plan, the higher your cost of life insurance.

Then factor in your health, smoking status, and lifestyle inclu...

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When comparing term life insurance policies there are several features to consider:

1. How much is the premium and how long is it guaranteed to stay the same?

2. How much life insurance coverage is provided and how long is it guaranteed to stay the same?

3. Does full coverage start immediately?

4. Is the term life insurance policy convertible to permanent life insurance without evidence of insurability, and for how long?

5. What is the financial strength rating of the life i...

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Life insurance companies are rated by a number of different independent rating agencies.  

Therefore, which life insurance companies are top rated will depend on which rating system you choose to use when comparing financial strength of life insurance carriers.

Here are the leading financial rating institutions for insurance companies:

A.M. Best Company
Weiss
Moody's
Fitch
Standard & Poor's

It may make sense to use multiple rating systems to measure the insurance companies you are i...

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Have you been turned down for a life insurance policy? 

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

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

For instance, guaranteed issue life insurance plans offer no exam life insurance with a limited amount of life insurance coverage available. In fact, some plans ...
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You can get life insurance quotes over the internet by visiting a life insurance website offering life insurance quote comparisons.

Some websites have access to life insurance brokers that sell your information to others and will contact you by email or phone about your quote request.

While others provide instant life insurance quote comparisons from a large network of life insurance companies with no delay. That way, you can see for yourself without any delay which life insurance carriers may ...
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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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When it comes to buying life insurance for someone over age 50, there are several highly-rated life insurance companies.

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

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

One way to find ...
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The length of time for which you should buy a Term Life Insurance policy should be in line with the amount of time your need for life insurance exists.

For instance, if you have a new baby and want to provide for your child if something should happen to you, I would consider a 25 or 30 year Term, to get them through college, and also to cover other children you may have in the future.

If you have just gotten a 30 year mortgage loan on your home, a 30 year Term may be good for...

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There are many things you can do to prepare for your life insurance medical exam.

Make sure you choose a time of day for your exam when you experience the lowest amount of stress.

Also, do not drink any coffee, caffeine, or alcohol the day of the exam.

Don't exercise the day of the exam.

You can choose to have the exam in your home, so if that would be less stressful, choose that option.

Make sure you have all of your medical information, prescriptions, and health records available, as well as, th...
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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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When it comes to comparing life insurance quotes you have several good options available to you.

You could contact a local licensed independent life insurance broker with access to several leading life insurance carriers.

You could contact life insurance companies one-by-one for your free quotes.

Or, you could visit a well-rspected online life insurance broker with access to a large network of leading life insurance companies.

We recommend Efinancial for your life insurance quote comparisons.

Why ...
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How can I get life insurance quotes?

You can get free, instant life insurance quote comparisons on the internet by visiting a life insurance quote provider like Efinancial.

Or, you can contact a local life insurance agent, or call individual life insurance companies direct for a quote.

I recommend Efinancial for several reasons when it comes to comparing life insurance rates:

1. It only takes a few minutes.

2. No need to meet with a life insurance agent.

3. No high-pressure sales pitch.

4. No obliga...
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If you're shopping for life insurance you may want to consider these tips to help you save some money when purchasing life insurance:

1. Compare rates for life insurance from multiple insurers since rates can vary widely among companies.

2. Consider term life insurance instead of whole life insurance since term life costs a lot less for up to 30 years of life insurance protection.

3. Choose annual premium payments instead of monthly premiums.

4. Buy life insurance more than 6 months before your n...
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Whether or not it is smart to buy whole life insurance depends on your own specific situation, and what your life insurance goals and needs are for you and your loved ones.

If you need lifetime protection then whole life insurance may be a good idea.

If you need life insurance that may build up some cash value inside the policy from which you may take a loan out in the future, whole life may be a good idea.

However, if you are on a budget, have life insurance needs of 30 or less, or just need th...
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No, your spouse does not have to be named as your beneficiary on your life insurance policy.

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

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

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

Life insurance has nothing to do with your funeral.

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

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

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How can I buy life insurance coverage for my parent?

You can buy life insurance on either or both of your parents because an adult child has an insurable interest in his or her parents. 

An adult child may purchase life insurance coverage on his parents because he may rely on his parents for financial support, of suffer financially if one or both of his parents were to die.

Many adult children buy life insurance plans on their parents to help offset or pay for the cost of their parent's funeral,...
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There are a few basic types of term life insurance policies.

The most popular type is level term life insurance. Then there's decreasing term life which isn't sold by many insurers anymore.

And, there's return of premium term life insurance which returns almost all of the premiums you paid for your life insurance if you outlive the term (duration) of your term life insurance policy. 

Level term offers you rates that remain the same each year for the term of your policy, while your amount of life...
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Is it possible for me to buy life insurance on my parents?

Yes, you may be able to buy life insurance for your parent.

In order for one person to buy a life insurance policy on another person there must exist "Insurable Interest" in that person. This means you rely on the person for some financial support, or you would suffer financially if the person were to pass away.

Insurable Interest does exist between parents and their children so you can buy life insurance on your parents.

Many children ma...
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It's quick and easy to request and compare life insurance rate quotes online among several of the leading life insurance carriers.

You can compare instant life insurance quotes by going to several different life insurance companies, or you can compare life insurance quotes by going to one website or agency that sells life insurance policies from multiple life insurance companies.

The main advantage of doing your shopping for life insurance in one place is that you will know yo...

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I have a life insurance policy for a non-smokers rate, and I like a good cigar every once in a while (I'm not a frequent everyday smoker). Should I be worried about having them come in and randomly test me for tobacco use?

No, there's nothing random about it. They test 100% of the time when you apply for life insurance.

However, Life insurance companies do not do "random" testing on policyholders. If you are approved for the non-smoker rate for life insurance, and then you ...

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If you are considering the purchase of life insurance there's a good chance you need coverage.

There are many reasons people decide to buy a life insurance policy, usually because they have others who ely on them for some form of financial support.

For instance, some of the most common reasons people buy life insurance include the following:

1. Starting a new family.

2. Buying a new home.

3. Getting married.

4. To leave money to a charity.

5. To provide for estate taxes.

6. A new job promotion.

7. To ...
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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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