Life Insurance FAQ's

Can I Buy Life Insurance for Myself?

April 21, 2018

Yes, you can buy a life insurance policy on yourself, which would name you as the insured, and you would select someone else to be the beneficiary of the policy.

The beneficiary is the person who receives the proceeds from your life insurance when you die.

This is the most common way to buy life insurance - buying coverage on yourself.

There are many reasons someone would choose to buy a life insurance policy including to replace their income for their family, pay off mortgage, provide for spouse's retirement, etc.

To learn more, read this article: Can I Buy Life Insurance for Myself?

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

What is the Best Life Insurance - Term Life or Whole?

April 18, 2018

When considering the purchase of a life insurance plan it’s important that you consider what type of coverage may provide you and your loved ones with the protection you need at the most affordable price.

How Do You Choose the Best Type of Life Insurance?

First, you’ll want to consider a few important issues:

Length of Coverage – How long you need life insurance protection to last.
Amount of Insurance – How much life insurance will meet your current and future needs.
Cost – What you can ...

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

Best Life Insurance with Guaranteed Approval?

April 15, 2018

Have you been turned down for life insurance?

Whether you are over 75, have health issues or have been denied coverage, you may be searching for a guaranteed life insurance plan.

But, which is the best company for guaranteed issue life insurance protection?

There are several highly-rated insurance companies to choose from for your guaranteed issue life insurance policy including United of Omaha, Gerber Life, MetLife and AARP/NewYork Life, among others.

For example, United of Omaha offers guarante...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

What are the Best Life Insurance Companies in the USA?

April 12, 2018

I want to get life insurance from a top rated life insurance company, but I'm not sure which are the best insurers for life insurance?

When it comes to researching and finding the best life insurance company you may want to consider some of the most well-known, highly-respected insurance companies, including Prudential, MetLife, Northwestern Mutual, New York Life and Mass Mutual.

When selecting a life insurance company make sure you take into consideration how long the company has been in busin...

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

Do Life Insurance Companies Request Medical Records?

April 9, 2018

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

Life Insurance for Burial Expenses

April 6, 2018

Is there life insurance that can help pay for my burial expenses?

Yes, there are burial life insurance policies available offering you guaranteed coverage with up to $25,000 of life insurance to help your loved ones pay for the cost of your funeral and burial related expenses.

And, with burial insurance coverage that has "guaranteed acceptance" you won't have to take a health examination or answer any questions about your health. You cannot be turned down for coverage if you meet the age requir...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Term Life Insurance vs. Accidental Death Insurance

April 3, 2018

How does term life insurance compare to accidental death coverage?

They are two different types of life insurance.

Term life pays out a death benefit to your beneficiary if you die from an accident or natural causes.

Whereas, accidental death only pays out a death benefit if you die as a result of an accident.

And, the insured must die usually within 3 months of the accident in order for accidental death to pay out a death benefit on the policy.

Learn more about accidental death vs term life insu...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

How Does Term Life Insurance Pricing Work?

March 31, 2018

How does pricing for term life insurance work?

Prices on term life policies are determined by considering several factors, including the length of term (duration), amount of life insurance, your age and gender, as well as, your health.

In addition, your lifestyle, tobacco use, driving record, hobbies, occupation, height-to-weight ratio, and family health history may impact the cost of your term life coverage.

The shorter your term (duration of coverage), the lower your annual cost of coverage. Y...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Are Term Life Insurance Premiums Fixed?

March 28, 2018

It depends on the type of term life insurance you own.

Annually renewable term life insurance provides one year renewable coverage and increases the premium each year you renew your policy.

However, level term life insurance offers coverage with fixed premiums for a term of 10, 15, 20 or even 30 years.

The longer your "term" for coverage, the higher your rate per $1,000 of term life insurance coverage.

To learn more, read this article: Are Term Life Insurance Premiums Fixed?

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

Term Insurance without Medical Tests?

March 25, 2018

Which insurance companies life insurance online with no medical testing required?

There are several highly-rated insurers now offering no test term insurance plan online with coverage available up to $1,000,000 for qualified applicants.

Some of the leading providers of online term insurance include Haven Life, Sagicor Life and Globe Life, among others.

Online term life plans offer you the option of purchasing your coverage direct online and starting your policy immediately upon approval - with n...
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