Life Insurance FAQ's

Guaranteed Renewable Term Life Insurance?

August 28, 2017

What is term life insurance with guaranteed renewability?

It's a temporary life insurance policy that allows you to renew your policy for an additional period of time when the original life insurance policy ends.

You will not have to take an exam but your renewal policy will charge a premium based on your age at the time you renew your life insurance.

Usually, a renewal policy is offered for a duration of up to 10 years. That way, if your needs change after buying your first term life plan, you may extend your coverage, regardless of any change in your health.

Learn more about guaranteed renewable term life insurance policies.

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

Long Term Life Insurance Definition

August 24, 2017

What is the definition of long term life insurance?

Long term life insurance is life insurance lasting for a long period of time.

There is permanent life insurance that lasts for your entire lifetime.

In addiiton, there is term life insurance that lasts for a long period of time, including 20, 25 or 30 years.

With long term term life insurance policies you select coverage for a "term" that meets your needs and if you pass away during the period of your life insurance term, your policy death bene...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

What Insurers offer Easy Instant Life Insurance?

August 21, 2017

I want to get life insurance coverage started right away without the hassles and delays of regular life insurance policies.

Which insurers offer the easiest, instant life insurance policies you can begin the same day you apply for coverage?

There are several insurers offering online life insurance coverage, including Haven Life, ANICO, AAA and Globe Life, among others.

When shopping for the easiest, quickest life insurance coverage make sure you consider the insurer's financial rating, length of...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

What is a Burial Policy?

August 16, 2017

Burial insurance usually refers to a whole life insurance policy with a death benefit of from $3,000 up to $20,000 or more.

As its name implies, people buy this type of life insurance policy to provide money to pay for the funeral and burial costs for themselves and/or family members.

Many people who do not have enough money saved to cover the cost of their final expenses choose to purchase a burial policy so their loved ones do not have to suffer the financial stress of findi...

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

Life Insurance for Seniors over 80

August 13, 2017

Is it possible for people over age eighty to get insured for life insurance?

Most life insurance carriers limit their acceptance for life insurance to people age 80 or under.

However, there are guaranteed approval life insurance plans available for people ages 45-85.

These policies guarantee your acceptance for coverage which means you will not be turned down due to any problem with your health.

But, there are limited death benefits the first two years you are insured - that's how they can guaran...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

How Would I Get Life Insurance Coverage That Refunds My Premiums If I Don't Die?

August 10, 2017

If you want to get your premiums back on a life insurance policy you would pay extra for return-of-premium term life insurance.

Premiums are higher on return of premium term life compared to regular term insurance policies. With regular term life coverage if you outlive the duration of your policy, then the coverage expires and there is no payout or refund of premiums.

However, with a return of premium term policy, if you outlive the coverage term, the insurer refunds the premi...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

What is the Easiest Way to Get Life Insurance?

August 3, 2017

What is the easiest way to get an affordable life insurance policy?

The easiest approach to purchasing life insurance is to shop, apply and buy your policy over the internet.

Today, a consumer like you may qualify to purchase up to $1,000,000 of affordable life insurance protection within the hour.

That's right. In fact, one "A++" rated life insurer offers you a way to apply for your policy online in about 15 minutes. And, find out in as little as 1 minute (after applying) if you qualify for ...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Can You Buy a Life Insurance Policy Online?

July 29, 2017

Yes, there are insurers offering consumers the choice of purchasing their life insurance policies direct over the internet.

There are some things to consider before making your purchase:

Understand that you will pay more for instant issue life insurance without any exams.
The amount of life insurance available online may be limited to around $500,000 (or more).
These policies come with a money-back guarantee for up to 30 days, usually.
There may be no physical examination required.
These plans are ...

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

How to find Cheap Adult Life Insurance?

July 26, 2017

Which life insurance for adults would be cheapest and why?

The cheapest type of life insurance for adults is term insurance, which costs a lot less than permanent life insurance.

Term life insurance is the cheapest for a few reasons:

It is temporary, for a period of up to 30 years.
It is pure life insurance protection.
It does not build top any cash value inside the policy.
You may outlive the "term" of you policy - meaning their would be no payout.

Term life offers the maximum amount of life insura...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

What is a Life Insurance Policy Limit?

July 18, 2017

The policy limit of a life insurance plan is the amount of coverage provided by the insurance policy.

The policy limit (amount of life insurance) should be stated on the front page of the insurance policy.

When you purchase life insurance you select the limit or amount of life insurance provided by your plan.

The higher the policy limits, the higher your annual premium (cost) of coverage.

The limits of life insurance available by an insurer will depend on your age and health, and the insurance ca...
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