Life Insurance FAQ's

Can You Claim Multiple Life Insurance Policies?

June 24, 2018

Is it possible to make a claim for benefits on more than one life insurance policy?

Yes, in fact, you may claim as many life insurance policies as you are named beneficiary, after the passing of the person insured. by the policy.

So, if you are named beneficiary on a life insurance policy of your parent, and on a policy of your spouse, you can make a claim on the death benefits upon the passing of those people insured by the policies.

Learn more about claiming life insurance on multiple policies.

Posted by hadley hadley. Posted In : Life Insurance FAQ's

Guaranteed Senior Life Insurance

June 21, 2018

Is there life insurance available for seniors with guaranteed approval?

Yes, some insurers do offer guaranteed issue life insurance for people ages 45-75, 40-80 or even 45-85, depending on the insurance company.

Guaranteed issue means you cannot be declined for coverage due to a health condition.

And, there's no health exam required to get insured. In addition, there may be no health questions asked.

However, there are usually limited death benefits (graded benefits) the first two years you are i...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Term Life Online

June 18, 2018

What is term life insurance and how does it work?

Term life is life insurance that lasts for a specific period of time, usually up to 30 years.

Most insurers offer term life plans for a duration of 10, 15, 20 or 30 years. The longer your term, the higher your annual premium.

If you pass away during the term of your policy, while your coverage is "In Force", the insurance company pays out the death benefit to the beneficiary of your policy.

If you outlive the duration of your term policy, the insu...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Life Insurance for Elderly People over 80?

June 13, 2018

Is it possible for elderly people to get life insurance if they are over 80 years old?

Yes, there are permanent life insurance policies available forepeople ages 45 to 85, that offer guaranteed approval for coverage.

That means, you cannot be denied life insurance due to a health issue if you meet the age requirements for acceptance.

These guaranteed plans come with a graded death benefit, so you won't have full coverage until you have been insured by your life insurance policy for at least two...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

What is Term Life Insurance with Conversion?

June 10, 2018

A term life policy with conversion means you have temporary (term) life insurance and that policy offers the option of conversion to a permanent life insurance policy by a specific date listed in your policy - the time by which you must advise your insurance carrier you want to convert your policy to permanent coverage.

If you decide after buying your term life plan that you need your life insurance to last your entire lifetime, then you may want to convert your insurance to permanent coverage...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Low Cost Life Insurance for Young Adults

June 7, 2018

What is the cheapest life insurance available for young adults?

That would be term life insurance which offers temporary coverage lasting for a "term" of 5 years up to 30 years, usually.

You may be able to choose term life coverage for a period of 5, 10, 15, 20, 25 or 30 years.

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

Term life is there cheapest life insurance because it is temporary and it does not build any cash value inside the policy - it ...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Can You Pay for Life Insurance Using a Credit Card?

June 4, 2018

If I purchase a life insurance policy can I use my credit card to pay for it?

That depends on the insurance company and what payment options they offer.

Some insurers offer you the option to pay by using ETF (Electronic Funds Transfer), debit cards or checks.

There are some insurers who offer you the option to pay annual premiums using a credit card, by fewer who may offer monthly payments using credit cards.

Make sure you consider annual premiums payments as this may save you some money. Also, i...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Can I Buy Life Insurance for My Grandma?

June 1, 2018

If you have an elderly grandmother who is on a fixed monthly income you may be wondering if she has enough money saved to help pay for her final expenses. And, you may also ask yourself if you can buy life insurance for your grandma?

The answer is "YES", you can.

Many adult grandchildren purchase life insurance plans for their grandparents to make sure there is no financial stress in paying for their grandmother or grandfather’s funeral and burial expenses.

Did you know the average cost of a f...

Posted by hadley hadley. Posted In : Life Insurance FAQ's

Can I Buy Life Insurance without a Mortgage?

May 29, 2018

Did you know you can buy life insurance whether or not you own a home and have a mortgage?

Yes, that’s right, you can buy life insurance if you don’t have a mortgage.

Who Can Get Insured for Life Insurance?

So, if you don’t need a mortgage to get life insurance, who can buy a life insurance policy?

Well, any adult can purchase a life insurance policy and choose to name anyone they wish to be the beneficiary of the policy.

The beneficiary is the person(s) who receives the death benefit payout...

Posted by hadley hadley. Posted In : Life Insurance FAQ's

Why Would I Be Denied Life Insurance?

May 26, 2018

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...
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