Life Insurance FAQ's

A coverage term for life insurance is the duration of time you have life insurance protection under a term life insurance policy.

The "Term" is the period of time your life insurance coverage will last.

Term life insurance policies offer temporary coverage lasting for up to thirty years.

However, you may be able to choose a "Policy Term" of 10, 15, 20, 25 or 30 years of coverage.

If you outlive the duration of your coverage, the life insurance protection expires.

A purchaser of life insurance is usually someone who has others who rely on him or her for some means of financial support; such as, a parent.

However, whether you are single, engaged, married, divorced, widowed, or have children or grandchildren - you may have a need for life insurance protection.

Many people buy life insurance to replace their income for their family should they die, or to provide the funds needed to pay off a home mortgage loan or to make sure their children have money to at...

Term life is temporary life insurance and provides coverage up to 30 years.

If the insured dies during the policy term, the death benefit is paid out to the beneficiary of the policy, subject to the terms, conditions and exclusions in the policy.

If you need life insurance protection lasting for a duration of thirty years or less, then term life insurance may be right for you.

Can people under age 50 get life insurance with guaranteed approval?

Yes, there is a highly-rated insurer that offers guaranteed acceptance life insurance for people between the age of 45 to 85 years old.

With guaranteed issue plans you will not have to answer any health questions or take any medical exams.

If you meet the age requirement for acceptance, your approval for life insurance is guaranteed.

Learn more about buying guaranteed issue life insurance for people under 50.

Guaranteed issue life insurance is a type of whole life insurance policy that guarantees your approval for coverage.

It means, you cannot be turned down for life insurance if you meet the age requirements and live in a state where the insurance company offers the plan.

With guaranteed issue life insurance there is no health exam required, and you won't have to answer any questions about the status of your health.

Even of you have a serious pre-existing health problem, or have been turned down by...

How many years does term life insurance last?

Usually, term life policies offer coverage up to thirty years, depending on your age.

However, you may be able to choose a Policy Term lasting for a duration of 10, 15, 20, 25 or 30 years to meet your specific life insurance needs.

The longer your Policy Term, the higher your annual cost of life insurance coverage.

If you outlive the duration of your term life policy, your life insurance coverage ends with no payout.

If you pass away while your term li...

Is there burial insurance for parents over 80 years old?

Yes. Adult children may purchase burial insurance policies for their parents who are over 80 years old.

In fact, one highly-rated insurer offers up to $25,000 of guaranteed acceptance life insurance for people ages 45 to 85 years old.

Many adult children buy guaranteed issue life insurance plans on their parents to provide the funds needed to pay for their burial and funeral costs.

Here's how to get burial insurance for parents over 80 year...

How much does it cost to buy a funeral insurance plan?

Your premium, or cost, of funeral insurance will depend on several factors, including your age, gender and your state of residence.

In addition, the amount of insurance you need will impact the price of your funeral plan.

The younger you are, the lower your rate for coverage.

In addition, the more insurance you need, the higher your overall cost of insurance.

You can find out how much your insurance plan will cost by visiting a life insurance...

If you are buying life insurance you may be wondering who gets the proceeds from your insurance policy when you die.

It's an important question to consider.

The Beneficiary is the person or persons you choose to receive the death benefit from your life insurance.

You select a beneficiary when you purchase your life insurance.

You may be able to change the beneficiaries after the life insurance policy is "In Force".

And, you may select more than one person to receive a portion of your death benefit...