Life Insurance FAQ's

Does Life Insurance Cover Accidental Death?

October 6, 2017

Will my life insurance policy pay out a death benefit if I die as a result of an accident?

Yes, standard life insurance policies cover accidental death and natural causes.

However, intentional acts are usually excluded from coverage.

So, for instance, suicide is usually excluded if it occurs within the first two years you are insured (one year in some states).

But, there can be exclusions for certain high risk activities or occupations.

That's why it is a good idea to review all exclusions with your insurance agent so you understand exactly what is covered by your life insurance policy.

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

How is Life Insurance So Cheap?

October 3, 2017

How is it possible that some life insurance policies can be so affordable?

Well, it really depends on the type and amount of life insurance, and your age, gender and health, among other things.

But, if you are young and generally health, you may qualify for really affordable rates on term life insurance which is temporary life insurance lasting for a duration between 10 and 30 years.

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

Since few young peop...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

What to Do When Term Life Insurance Expires?

September 28, 2017

What can I do when my term life insurance policy ends?

If you have term life insurance and your expiration date is coming up soon, you may be wondering about your options going forward.

It's important to consider this question before your current term life policy expires.

If you feel you have a need for continued life insurance coverage beyond the expiration date of your term insurance policy, you may want to renew your policy for another "term". Usually you can renew coverage for up to 10 years...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

What are Life Insurance Quotes?

September 22, 2017

If you're shopping for a life insurance policy you may want to compare price quotes for life insurance.

But what are quotes for life insurance?

Life insurance price quotes are estimates of the cost of a life insurance policy provided by life insurance companies.

You can compare life insurance price quotes from multiple life insurers by visiting an insurance website that has access to a large network of insurers and filling out a life insurance quote request.

Your price quote will provide you with...

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

What Term Life Insurance Do I Need?

September 19, 2017

I want to get temporary life insurance, but I'm not sure which type to get and for how long.

When it comes to choosing term insurance, your basic options for duration of coverage are from 10 to 30 years.

Most insurers offer term life plans that last for a period of 10, 15, 20 or 30 years.

In addition, the most popular type of term insurance is level term life insurance because it's easy to understand, flexible and offers the most affordable rates.

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

What to Consider When Buying a Life Insurance Policy?

September 16, 2017

What should I be considering when I purchase my life insurance?

If you have decided you need life insurance there are several considerations when buying life insurance protection.

What type of life insurance do you need to accomplish your goals? You' want to learn about the two basic types of coverage: Term Life and Permanent Life Insurance.

Next, how much life insurance do you need? You'll want to use a life insurance needs calculator to help you determine your actual need for life insurance.

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

Where to Buy Life Insurance without Medical Questions?

September 12, 2017

I need life insurance but I have health issues and I'm finding it difficult to get insured.

Where can I get life insurance without any exams or health questions asked?

There are some life insurance plans available with guaranteed approval for people who meet the age requirements.

These guaranteed life insurance policies have no physical exam required and they do not ask any questions about your health.

Some carriers offer guaranteed approval for people ages 45-75 or people ages 45-85.

However, you...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Why Do Life Insurance Companies Deny Coverage?

September 7, 2017

What are some of the most common reasons a life insurance company may turn down an applicant for coverage?

Life insurance carriers have a set of underwriting guideline including requirements related to your age, health and lifestyle that they review and consider when underwriting an applicant for life insurance coverage.

Many of the key reasons someone may be denied life insurance have to do with the person's age, health, lifestyle, drug or alcohol use, driving record, etc.

If you have chronic h...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

What Life Insurance Term to Get?

September 3, 2017

How do you decide what duration (term) to buy for your term life insurance policy?

Actually, it's easier than you think.

Just ask yourself this question - How long do I need life insurance to accomplish my life insurance goals?

So, if you want to make sure your new one is paid off in case you pass away before the 30 year mortgage is paid off, then choose a 30 year term for your term life policy.

If you want to make sure your 3 year old has enough money to go to college in case you pass away, the...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

How Life Insurance Helps?

August 31, 2017

How does buying a life insurance policy help me and my family?

Life insurance is a form fi financial protection that pays out a death benefit upon the death of the person insured by the life insurance.

So, in essence, it can help to replace the income your family loses if you were to pass away.

The proceeds paid out to your family (beneficiary) should you die, can be used for any purpose. That means, they could use your life insurance proceeds to pay for your burial and funeral, pay off the mort...
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