Life Insurance FAQ's

Learn about Term Life Insurance Pricing

March 16, 2017

What affects the price you pay for term life insurance coverage?

Your cost of term life insurance will depend on the amount of life insurance you need and the length of your term (duration) of coverage.

In addition, your age and gender impacts your cost of coverage. Also, your personal risk factors affect your price including your lifestyle, health, occupation, hobbies, tobacco use, driving record, and height-to-weight ratio, among other things.

The longer you are expected to live, the lower your rate for coverage. The longer your term the higher your rate for coverage. Terms available for term life insurance are usually 10, 15, 20, 25 or 30 years.

Here's how to learn more about term life insurance pricing and compare rates online.

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

What is a Senior Final Expense Program?

March 13, 2017

A senior final expense program is a type of life insurance that provides protection to cover seniors and provide funds for their final expenses, including the cost of a funeral and burial.

Most final expense policies provide guaranteed approval for seniors, and some offer guaranteed approval for people age 45 to 85.

With final expenses coverage there's no health exam required and usually no health questions asked.

These policies can be affordable with some plans starting for as little as $8.80 p...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

What is Dependent Life Insurance?

March 10, 2017

Dependent life insurance is life insurance you can get to cover your spouse and children (dependents).

Many employers offer employer provided group life insurance plans for their employees. These plans may allow you to add coverage for your dependents.

In addition, you may purchase your own individual life insurance policy with coverage added by rider to provide coverage for your spouse ad kids.

Or, you could buy separate life insurance policies on your spouse and your children.

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

How to find Cheap Funeral Insurance?

March 6, 2017

What is funeral insurance and how much does it cost?

Funeral insurance is life insurance to provide funds to pay for your final expenses, including the cost of a funeral and burial.

The price you pay for funeral insurance will vary by insurer based on the amount of coverage, your gender and age.

Some funeral plans offer up to $25,000 of insurance and rates start as low as $8.80 per month for around $3,000 of coverage.

Here's how to learn more about finding cheap funeral insurance online.
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

What are Mortality Tables for Life Insurance?

February 28, 2017

Life Insurance Mortality Tables are charts that show the death rates of a particular group of lives at certain ages, derived from statistics that count deaths in a population by age compared to those still alive at that age.

Mortality tables help insurers determine the average life expectancy of people they may insure. Of course, you individual risk factors are also taken into consideration, including your health, lifestyle, tobacco use, height-to-weight ratio, occupation, hobbies and driving ...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Where to Buy Life Insurance Policies?

February 23, 2017

Where can someone purchase a policy for life insurance?

When it comes to buying life insurance you can select any one of several options for get your coverage.

Four of the most common options for buying life insurance include:

Contact life insurance carriers direct
Contact a local life insurance agent
Employer provided group term life insurance
Life insurance websites with access to a large network of insurers

You can learn more about where to buy life insurance coverage online.

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

Life Insurance at Age 80?

February 16, 2017

Is there life insurance available for people 80 years old?

Yes, 80 year olds may purchase a guaranteed issue life insurance plan that offers up to $25,000 of life insurance protection with no physical exam required and no health questions asked.

You cannot be denied coverage due to any health condition.

However, your benefits will be limited the first two years you are insured by your life insurance policy.

You can request a free quote online and find out how much your policy will cost today.

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

Is there Life Insurance Over 70 for Final Expenses?

February 10, 2017

Can I buy life insurance to help pay for my final expenses if I'm over 70?

Yes, you may be able to qualify for life insurance to help pay for your funeral, but it depends on your age, your health, the type and amount of life insurance coverage, and the insurance company.

Some life insurers may or may not offer life insurance to someone over age 70.

In addition, your health will impact whether or not you qualify for a life insurance plan.

However, some insurers like Colonial Penn, Globe Life and M...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Buying Term Life Insurance Online?

January 31, 2017

Is it possible to purchase a term life insurance online?

Yes, if you qualify for a policy you may be able to buy a term life policy on the internet.

In fact, many life insurance carriers allow you to get instant quotes and apply for your life insurance policy online.

Some plans are fully underwritten, which means you may have to take a medical exam, while others offer instant approval and require no health exam, just some health questions for you to answer.

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