Term life insurance, which provides temporary coverage lasting up to thirty years or more is good for several reasons.

1. Flexible – You can choose from 10, 15, 20, 25, 30, 35 or 40 years of coverage to meet your family’s specific need for life insurance.

2. Affordable – Term life is more affordable for 30 years or less of coverage than any other plan. Permanent life insurance can cost 5-10 times more than term insurance.

3. Easy to Understand – Term life is simple, you have coverage las...

Continue reading ...

When it comes to buying life insurance, there are many reasons people choose to get insured.

Depending on the situation and where you are in life, you may have a need for life insurance protection.

Some of the more common reasons people buy life insurance include:

1. Getting Married
   
2. Buying a Home
   
3. Starting a Family
   
4. To Pay for Final Expenses
   
5. To Replace Income
   

There are many different reasons to buy life insurance, but if you have anyone who relies on you for any means of financial support, you may want to...

Continue reading ...

There are several good reasons people choose to buy a term life insurance policy instead of purchasing permanent life insurance.

One of the most common reasons is Price.

Permanent life usually costs up to 5-10 times more for the same amount of life insurance compared to term life.

That means, you can buy a lot more protection for your family by choosing a term life insurance policy.

Another popular reason is Flexibility.

With term life you choose the duration of coverage you need your life insuran...

Continue reading ...

If you're considering life insurance you may be wondering what are some common reasons people purchase a life insurance plan?

Actually, life insurance can do more than you might expect.

Many people buy life insurance to provide funds for their final expenses, or to replace their income for their family.

In addition, life insurance death benefits can help to pay off the mortgage, pay for your child's college education, pay off debt, provide for your family's living expenses, fund your wife's reti...

Continue reading ...

Why would someone buy a final expense insurance policy?

There are several reasons someone would choose to purchase a final expense plan, including:

• To pay for a parent or sibling's final expenses. 
• To pay for their own final expenses.Peace of mind.
• To guarantee their loved ones would not suffer the financial stress of having to find a way to cover the cost of the person's end of life expenses.
  

Many people who do not have enough money saved to pay for their own final expenses choose to purchase a l...
Continue reading ...

Is term life insurance the best option for you?

Actually, it really depends on your situation, your needs, and what you want your life insurance policy to accomplish.

However, if you need life insurance that will provide protection for a duration of 30 years or less, then term life insurance may be the best option.

Why Term Insurance?

Because, it offers the cheapest rates by far for life insurance, which means you can afford to buy more coverage for your loved ones.

In addition, it offers flexibil...

Continue reading ...

If you have been turned down for life insurance, or you are having a difficult time finding life insurance, you may be wondering in guaranteed issue plans are right fir you.

Many people look to guaranteed life insurance coverage as a last resort if they are uninsurable - unable to get insured.

There are many reasons why you may be considering guaranteed issue plans as an option for your life insurance.

Some of the more common reasons for buying guaranteed life policies include obesity, COPD, emp...

Continue reading ...

Are you considering the purchase of a term life policy?

If so, you may want to consider what are some of the most common reasons people choose to purchase term life insurance.

Although term life is inexpensive, it does have drawbacks. Term life is temporary and you may outlive your coverage, which means your policy expires with no payout if you are alive when the coverage term ends.

However, permanent life insurance can cost up to 5-10 times more than term life for the same amount of protection....

Continue reading ...

If you're shopping for life insurance you may have heard about guaranteed issue plans.

Is guaranteed issue life insurance protection right for you?

That depends. Many people who choose to buy life insurance with guaranteed approval have been turned down for coverage due to their age, health, lifestyle, or for some other reason.

Usually, a guaranteed life insurance policy is the last option for someone who needs life insurance protection because of the cost and the limited amount of coverage avai...

Continue reading ...

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 ...

Continue reading ...

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...
Continue reading ...

Are you finding it difficult to get insured for life insurance?

If so, you may be wondering why you were turned down or declined for a policy.

First, you should know that not everyone may qualify for life insurance. 

The insurance company sets guidelines for applicants that qualify based on several factors including age and health.

There are several reasons an insurance company may deny you for life insurance, including:

Health, age, occupation, hobbies, etc.

For example, many life insurers won't i...
Continue reading ...

Yes, life insurance companies do request medical records of those who apply for life insurance coverage.

This is a standard practice in the life insurance industry.

And, if you deny the request, the insurance company may choose not to insure you for life insurance.

The insurance company uses the information from your medical records to verify your health, and determine if they should insure you for life insurance.

They want to find out if you are a good risk for life insurance, and your medical r...
Continue reading ...

If you are employed you may have some group life insurance coverage through your employer-provided benefits plan.

But, why would you need your own, individual life insurance policy separate from the coverage you have through your job?

Well, there are several very good reasons to consider buying your own personal life insurance policy.

For instance, what would happen if you lost your job, the company went out of business, or you left your current employer?

Your life insurance from a group plan at ...
Continue reading ...

Why should young adults purchase life insurance?

There are several very good reasons to consider buying life insurance when you're young:

Lock-in a low rates guaranteed for the life of your policy.
Guarantee your insurability for the future.
Save money by purchasing coverage when you are young and healthy.

Many of us take on more financial responsibility as we get older, but our health may change and make it more costly or more difficult to get insured when we have the greatest need for life insur...
Continue reading ...

How is it possible that some life insurance policies can be so affordable?

Well, it really depends on the type and amount of life insurance, and your age, gender and health, among other things.

But, if you are young and generally health, you may qualify for really affordable rates on term life insurance which is temporary life insurance lasting for a duration between 10 and 30 years.

The shorter the "term' of your life insurance policy, the lower your annual cost of coverage.

Since few young peop...
Continue reading ...

What are some of the most common reasons a life insurance company may turn down an applicant for coverage?

Life insurance carriers have a set of underwriting guideline including requirements related to your age, health and lifestyle that they review and consider when underwriting an applicant for life insurance coverage.

Many of the key reasons someone may be denied life insurance have to do with the person's age, health, lifestyle, drug or alcohol use, driving record, etc.

If you have chronic h...
Continue reading ...

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...
Continue reading ...

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...
Continue reading ...

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 -...
Continue reading ...

Why do parents buy life insurance for their children?

Child life insurance plans offer several benefits that make it important for parents to consider life insurance for their kids.

Here are some of the main benefits of child life insurance plans:

1. Provides money tom pay for your child's funeral and burial costs which may average around $7,700 including the cost of a casket, burial plot, headstone and memorial service.

2. Provides low cost life insurance protection for your child's entire lifet...
Continue reading ...

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...
Continue reading ...

If you need a large amount of life insurance coverage for period of 30 years or less, Term life is more cost effective, at least in the short run, than Whole Life insurance.

While Whole Life builds up cash values inside the policy over time that can make it come out ahead of term life in the end, not everyone can afford the amount of life insurance coverage they need in a permanent life insurance policy.

Sometimes taking a combination of Term Life and Whole Life can be helpfu...

Continue reading ...

Why do people choose to buy life insurance - what is the purpose?

Many people buy life insurance policies to provide financial security for their loved ones inn case they die.

With life insurance you choose who will receive the proceeds (death benefit) from your life insurance upon your death.

The proceeds from your life insurance can be used by your beneficiary any way that person(s) sees fit. So, you could leave your life insurance to your spouse and he (she) could use the money to pay off the...
Continue reading ...

When a life insurance claim is denied, it's usually because the death occurred within the first 2 years of the policy being "In Force", which is known as the contestability period, and it's discovered the applicant for life insurance intentionally lied on the application to get the life insurance coverage, or the insured person committed suicide within the first 2 years of being insured.

Once the contestability period expires (first two years), and death occurs, the life ins...

Continue reading ...

The one thing that life insurance does better than anything else is create cash at death. Upon the death of the insured person, a death benefit is paid out to the beneficiary of the life insurance policy without being subject to federal income taxes, usually.

You buy life insurance because you care about what happens to those you leave behind when you die, in order to provide some form of financial security and protection for your family.

The specific reason for your buying...

Continue reading ...

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...

Continue reading ...

The main reason to buy a life insurance policy outside of the employer provided plan you are given through your job is so you own your own life insurance policy.

This means, if you lose your job for any reason, you still have your own life insurance coverage that stays with you.

So, you won't lose your life insurance when you either retire, quit or are fired from your job. But, you can lose your life insurance benefits if you leave your job.

Owning your own life insurance policy...

Continue reading ...

Your child may or may not need life insurance? That really is up to you as a parent to determine if you should buy life insurance on your child.

Why is it that parents like you get child life insurance plans?

It's actually very simple: Life insurance for your child is very affordable and can provide guaranteed life insurance protection for your child's entire life.

There are many benefits of buying children's life insurance policies.

Considering the increase in health issues related to children t...
Continue reading ...

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...

Continue reading ...

There are several very good reasons you may choose to purchase life insurance policies for your children.

For instance, Children's life insurance rates are the lowest there are, and you may be able to start a child life insurance plan for just a few dollars per month.

By locking in a guaranteed rate on whole life insurance protection for the child's entire life, you will never have to worry about medical issues or insurability issues prohibiting your child from qualifying for ...

Continue reading ...

The reason you might purchase life insurance instead of an annuity depends on what you're trying to accomplish - what your goal is for your insurance or annuity plan.

Annuities provide cash while you are still living, while life insurance provides cash to the beneficiary upon death of the insured person.

So, annuity can provide you with cash, while life insurance can provide your beneficiary with cash at some future time.

With life insurance, you're paying a regular premium u...

Continue reading ...

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...

Continue reading ...

If you fill out an application for life insurance coverage, it will ask you: "What is the purpose for your life insurance policy?" That is because the purpose varies from person to person.

Some of the more common purposes for which people buy a life insurance policy include:

• To replace their income for their family.
• To hire others to replace their contributions to the family that would be lost upon their death of the insured (daycare, transportation, cleaning services, lawn ...

Continue reading ...

If you need a large amount of life insurance coverage for a temporary period of time, Term life insurance is much more cost effective, at least in the short run, than Whole life insurance.

While Whole Life insurance builds up cash values inside the policy over time that can make it come out ahead of term in the end, not everyone can afford the amount of life insurance coverage they need in a permanent life insurance policy.

Sometimes purchasing a combination of Term life and ...

Continue reading ...

Term Life Insurance is life insurance for "temporary" needs that may last up to 30 years, or less.

For example,iIf you have 15 years left on your home mortgage loan, purchasing a 15 to 20 year term life insurance policy is a cost effective way to cover that substantial debt, in case you die within that period of time.

You do not purchase Term life insurance to borrow from it in the future, because Term life insurance does not build up any cash value inside the policy, it is p...

Continue reading ...

There are several reasons a life insurance policy may be denied, including:

1. The applicant's health - This can be anything from someone with uncontrolled diabetes or someone with cancer having only months to live. 

2. The applicant's health has not been stable for a certain length of time. This can range from someone who had very high blood pressure and only been on medication for one month, to someone with MS who has had a recent major exacerbation.

3. The applicant is ...

Continue reading ...

There are several good reasons to borrow money from your life insurance policy.

When you buy a Whole Life Insurance Policy, you build up cash value inside the policy over time.

You can borrow against this cash value in your policy for any number of reasons, including for a down payment on a new home, for a child's college education, or even for a car.

The interest you pay on your loan is very low, and you may be able to borrow up to 80% of the cash value in your life insurance...

Continue reading ...

Term Life Insurance is not the best type of life insurance for every situation.

Some people think they would only need life insurance for a temporary period of time.

However, if they are thinking ahead to their final years, and worried about where the money will come from to bury them, they may want to consider a permanent life insurance policy.

If your need for life insurance is temporary, not permanent, Term Life Insurance is best for its relatively low price tag and flexib...

Continue reading ...

Some of the most common reasons why life insurance is denied may include:

1. You applied for a life insurance policy for which you do not qualify due to a medical condition, being overweight or underweight per the policy guidelines, or are out of the age limits of the policy. If you are too old, you may not qualify, or if you are overweight, you may not meet the insurer's underwriting guidelines for acceptance.

2. You are not a US citizen or do not have a green card or work...

Continue reading ...