Life Insurance FAQ's

Can I buy life insurance on my parents who are over 75 years old?

Yes, adult children have an Insurable Interest on their parents, which is required in order for someone to buy life insurance on another person.

In addition, there are guaranteed issue life insurance policies available for people ages 45 to 85, without any health exams or health questions asked.

Here's how to buy life insurance for parents over age 75.

Continue reading...

How does the coronavirus affect life insurance?

If you already own a life insurance policy, and there is No Exclusion on your policy which excludes death resulting from the Coronavirus, then it would not affect your coverage.

However, if you have, or had, the coronavirus, you may find it much more difficult to get insured for life insurance, than if you never had the virus.

Learn more about life insurance and coronavirus.

Continue reading...

What is the difference between permanent life insurance and term life insurance?

Permanent life insurance provides lifetime coverage, offers a death benefit, and builds can value inside your policy from which you may take a loan.

Also, permanent life insurance can cost up to 5-10 times more than term life insurance.

Term life insurance offers temporary protection lasting for up to 30 years. You may be able to buy a term policy lasting for 10, 15, 20, 25 or 30 years.

If you die during the policy t...

Continue reading...

If you're considering the purchase of a term life insurance policy you may be wondering what are the benefits of term life coverage?

Term life can provide you with peace of mind knowing your family will have financial security should you pass away.

Term life also offer the most affordable life insurance protection available for a period of 30 years or less.

With term life you get the flexibility of choosing how long you have coverage, so you only pay for life insurance while you actually need it...
Continue reading...

What is the definition of permanent life insurance?

Permanent life insurance is a type of life insurance policy that provides lifetime protection.

Your life insurance coverage will last for your entire lifetime, as long as you pay your premiums on time.

Permanent life insurance has two main features:

1. Death Benefit
   
2. Builds Cash Value

Learn more about how permanent life insurance works.


Continue reading...

Is there whole life insurance available to senior citizens?

Yes. There are even guaranteed issue whole life insurance policies available for seniors with health issues.

Whole life insurance provides guaranteed lifetime protection to last your entire life.

It provides a death benefit and builds cash value from which you may take a loan.

With whole life insurance, you have benefits that remain level, and the premiums stay the same each month (or year).

Learn more about how to get senior citizen whol...

Continue reading...

Yes. There are life insurance plans available for older people, whether they are in good health or have health issues.

The elderly may qualify for permanent life insurance which provides lifetime protection, or term life insurance which provides life insurance for a specific number of years.

In addition, there are Guaranteed Issue life insurance policies available for people between the ages of 45 to 85 years old.

Guaranteed issue policies offer guaranteed approval for anyone who meets the age r...

Continue reading...

Yes. There are life insurance policies that offer Guaranteed Approval for anyone who meets the age requirement.

Since you are an adult child, you have Insurable Interest in your parents, and that means you may purchase life insurance on them.

Some insurers offer guaranteed issue life insurance for people between the age if 45 to 85 years old.

These guaranteed issue policies do not require any health exam, and your parents won't have to answer any questions about their health.

Here's how to buy li...
Continue reading...

Can I get life insurance quotes for term insurance online?

Yes. Actually, most life insurance websites offer you the option to request free quotes for term life insurance coverage.

You can compare pricing on term insurance by visiting a life insurance website, filling out the questions asked on the quote request form, and clicking on the button to instantly see the lowest pricing available from a network of leading life insurance carriers.

It's quick and easy - it takes less than one minute to f...

Continue reading...