Life Insurance FAQ's

Cheapest Life Insurance

July 12, 2017

What is the cheapest life insurance?

The life insurance offering the lowest rates per $1,000 of coverage is term insurance.

Term insurance is temporary coverage for a specific period of time, up to 30 years.

The shorter the duration (term) of coverage, the lower your annual premium (cost).

So, a 5 year term life policy will cost less per year than a 10 or 15 year term insurance policy.

Learn more about finding the cheapest life insurance protection for your family.

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

How Much is Life Insurance Per Month?

July 7, 2017

To find out how much life insurance costs per month you can request and compare instant life insurance quotes online.

Your cost of life insurance will vary by insurer, and will be impacted by several risk factors including your age, gender, tobacco use, lifestyle, driving record, health, family health history, occupation and hobbies, etc.

The longer your life expectancy, the lower your premiums. In addition, the larger the amount of life insurance, the higher your premiums.

Smokers usually pay...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

When Should I Buy a Life Insurance Policy?

July 3, 2017

The right time to buy life insurance is the you are young and healthy to lock-in a low rate and guarantee your coverage for the future when you have more financial responsibilities.

However, if you have anyone who relies on you for financial support, now may be the time to buy life insurance protection.

Usually, when you have a mortgage, a spouse and/or kids, you may need life insurance.

Life insurance can help you replace your income for your family, in case you pass away.

Your beneficiaries c...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Can Seniors Get Whole Life Insurance?

June 30, 2017

Yes, there are whole life or permanent life insurance policies available for senior citizens that provide lifetime protection.

However, your approval for a policy may depend on your age and health.

If you have health issues or you are over 75, you can get guaranteed approval life insurance if you have any difficulty qualifying for regular whole life insurance coverage.

With guaranteed life insurance there is no health exam required and there are no questions asked about your health. You are gua...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

What's Good About Term Life Insurance?

June 25, 2017

Term life provides simple relatively inexpensive life insurance coverage for a specified period of time.

It's cheap, flexible and easy-to-understand.

Term life offers the lowest prices on short term insurance for up to 30 years of coverage.

You can choose a term of 10, 15, 20 or 30 years of life insurance protection to meet your needs.

If you die during the term of your life insurance policy, your beneficiary receives the death benefit.

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

Can You Get Instant Issue Term Life Insurance Online?

June 21, 2017

Yes, there are insurers that offer instant issue term life insurance plans.

In fact, one "A++" rated life insurance carrier offers up to $1,000,000 of affordable term life insurance protection you may apply for and purchase completely online, and if you qualify, you can start your life insurance coverage immediately.

Remember, term life is temporary coverage which means you may choose life insurance for a duration from 10 to 30 years. Some instant term life policies offer coverage for a period ...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Is there Life Insurance for Older People?

June 7, 2017

Is it possible for old people, over age 70 to get insured for life insurance?

Yes, in fact you may qualify for term insurance or whole life insurance if you are over age 70.

Your approval for coverage will depend on your specific age and health, as well as, the insurance company you apply to for a life insurance policy.

Term life is temporary coverage offering seniors life insurance for a duration (term) of 5, 10, 15 or 20 years, usually.

Whereas, whole life insurance offers lifetime life insura...
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Posted by hadley hadley.

Life Insurance Burial Policies?

May 30, 2017

Are there life insurance policies that cover the cost of someone's burial expenses?

Yes, in fact, there are insurance policies offering from $2,500 up to $25,000 of coverage, the proceeds form which may be used by the beneficiary to pay for your burial and funeral expenses.

And, some plans offer "guaranteed approval", which means you cannot be denied coverage due to any health problem.

As long as you meet the age requirements, you can get insured for a burial life insurance plan.

There's no healt...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

How to get Affordable Short Term Insurance?

May 25, 2017

How can I find an affordable short term life insurance policy?

If you're in need of short term protection for your family at an affordable price, then term life insurance is an option that makes sense.

With term life you'll get the maximum amount of life insurance for your money, and you can choose coverage for a duration (term) of 5, 10, 15, 20, 25 or 30 years from most insurance companies that offer term life.

When shopping for a policy make sure you know how much you can afford to spend each ...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Life Insurance with Money Back?

May 19, 2017

Is there life insurance you can purchase that will pay you your money back when the policy ends?

Yes, it's called "return of premium", "cash back" or "money back" life insurance.

It's term life insurance that returns all of the paid premiums back to the owner of the life insurance policy should the insured person still be alive when the coverage period (term) expires.

So, if you buy a ten year return of premium term life insurance policy and you are alive after the ten year term ends, you would ...
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