Life Insurance FAQ's

How to Get Life Insurance After Being Denied?

December 14, 2017

How can I purchase a life insurance policy if I have applied to an insurer and been turned down?

There are a couple options that may work for you.

You could contact a life insurance broker who specializes in placing life insurance through high risk insurance companies for people who have been denied insurance.

Or, you could get guaranteed issue life insurance if you meet the age requirements for approval.

In addiiton, you may be able to contest the medical exam results, or ask for another exam, if you want to try and get insured through the carrier that denied you coverage.

Learn more about how to get life insurance after being denied.

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

Why Buy Life Insurance at a Young Age?

December 11, 2017

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

What to Look for When Buying Life Insurance?

December 8, 2017

What should I consider when shooting for the right life insurance coverage?

There's several important things to consider before making your purchase.

You'll want to answer the following questions:

What type of life insurance do I need?
How much life insurance do I need?
How much does life insurance cost"
What is my budget for life insurance?
How long do I need my life insurance to last?
What is the financial strength rating of the insurance company?
How long is my rate guaranteed to remain the same?
Wh...

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

What are Living Benefits for Life Insurance?

December 5, 2017

Living benefits are benefits you can access form your life insurance policy while you are alive.

Usually, the insurer will require that the insured person has been diagnosed with a terminal illness and has a life expectancy of 6 months or less, in order to pay out living benefits to the insured.

Living benefits can help you get money to assist you with your end of life expenses or medical treatment which may prolong your life. You can use the money paid out for living benefits any way you wish....
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Buy Life Insurance without Agent?

December 1, 2017

Can I purchase life insurance if I don't have an agent?

yes, actually you may be able to purchase life insurance online direct from the life insurance company.

In addition, there are online life insurance brokers with access to a large network of life insurance companies that may offer you the option to buy life insurance online if you don;t currently have a life insurance agent.

Some of the life insurance plans available online for people who don't have an agent include term life insurance, sim...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Can I Buy a $20,000 Life Insurance Policy?

November 28, 2017

Did you know most term life insurance policies start at $50,000 of life insurance coverage?

That's right, but some simplified issue term life insurance plans offer as little as $5,000 of life insurance protection.

In addition, there are permanent life insurance plans offering as little as $3,000 of coverage.

This means you may be able to purchase $20,000 of life insurance, and these policies are usually available without any health exam required.

There are even guaranteed...

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

Can I Buy Life Insurance Online?

November 25, 2017

Yes, there are insurance carriers that offer consumers the option to purchase their life insurance policies direct online.

However, your approval for coverage will depend on your age, health, and the insurer's guidelines for acceptance to get insured.

There are several different types of life insurance plans you may be able to purchase online, including simplified issue life insurance, no exam term life insurance, and guaranteed acceptance life insurance.

Term life insurance may offer higher lim...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Can I Buy Life Insurance on Someone Else?

November 21, 2017

Is it possible to purchase a life insurance policy on another person.

Yes, actually it happens more often than you might expect.

Many adult children buy life insurance on their elderly parents to provide money to pay for their parent's final expenses.

In addition, spouses buy life insurance on each other to replace the other's income for the family.

If you have an insurable interest in someone else, you may be able to purchase life insurance on that person.

To learn more, read this article: Can I ...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Can I Buy Life Insurance If I Have Cancer?

November 17, 2017

Is there life insurance for people with cancer?

Yes, there are life insurance companies that offer life insurance to people living with cancer, and cancer survivors.

Fully underwritten life insurance policies requiring a health exam may be more difficult to get approved for, and approval for coverage may depend on your age, overall health, prognosis, type of cancer and treatment, among other factors.

In addition, there are guaranteed acceptance policies for people ages 45-85 wit...

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

Should I Buy Whole Life Insurance or Term?

November 14, 2017

I need life insurance but I'm not really sure which type to buy.

When choosing the right type of life insurance you'll want to consider your budget, how much insurance you need and for what period of time.

However, the most important question may be How long do I need life insurance protection to accomplish my goals?

Sine term insurance is temporary, if you need life insurance for a duration of 30 years or less, term life insurance will provide you with the most affordable option.

If you need lif...
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