Life Insurance FAQ's

Can I Get Guaranteed Issue Life Insurance Online?

January 23, 2017

Is it possible to get life insurance online that offers you guaranteed approval?

Yes, in fact, several insurers now offer guaranteed issue life insurance plans over the internet, including United of Omaha, Colonial Penn, Vantis Life, Gerber and AARP/NewYork Life, among others.

Keep in mind, guaranteed approval may be limited to people of a certain age group, for example, ages 45 to 85. Also, your death benefits may be limited the first two years you are insured.

In addition, there's no health exam and no health questions asked - usually you cannot be turned down for any health reason. Learn more about purchasing guaranteed issue life insurance online.

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

Do I Need a Physical Exam from a Doctor To Buy Life Insurance?

January 12, 2017

Yes, a doctor's exam may be required for life insurance.

However, the requirement for an exam depends on the insurer, your age, health and the amount of life insurance you need.

Some insurers do not require you to take an exam if you are buying less than $50,000 of life insurance.

In addition, there are life insurance policies available online with no health exam required.

Also, the exam from an insurer is usually a paramedic exam performed at your home or office which checks your blood pressure,...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Should Existing Life Insurance Owners Shop Around?

January 7, 2017

If I already have life insurance should I shop around for a better deal?

That depends on you. Keep in mind, if you switch policies your 2 year contestability period starts over which means if you pass away in the first two years of your new policy the insurance company can contest the payment of your death benefit if they find you have misrepresented a material fact on your application for life insurance.

But, if you feel you may save some money by switching to a new life insurance policy just ...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Life Insurance

December 5, 2016

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

Life Insurance and Life Expectancy

November 23, 2016

What is my life expectancy?
Your life expectancy is the approximate age you might expect to live, based on current age, gender, health and tobacco use. It is a statistical analysis, and based on massive quantities of data for people of all ages.

Your life expectancy, is really the age at which half of all people meeting your same exact demographics will still be living, and the other half have passed by this age, regardless of the cause or nature of death.

The longer your life ...

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

Resources for Life Insurance

November 14, 2016

Are you shopping for a new life insurance policy?

Whether you are a first-time buyer or you already have a policy and need more coverage, there may be some questions you have about life insurance.

For instance, what types of life insurance are available, which type is right for you, how much life insurance do you need and how much does life insurance cost?

These are all important questions to consider before purchasing a life insurance policy.

But, where can you find the information you need to m...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

What is Term Coverage?

October 27, 2016

Term coverage is also known as term life insurance which is temporary life insurance protection for a specific period of time.

When selecting a term policy you have the flexibility of choosing your coverage to last for a period of 10, 15, 20 or 30 years, usually.

The longer your "term", the higher your annual cost of life insurance.

With level term policies you pay the same amount of premium for your coverage each year for the entire duration of your life insurance.

And, the amount of life insura...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Why People Don't Buy Life Insurance

October 18, 2016

If you have a family or anyone who relies on you for financial support, you may have a need for life insurance to protect their future.

If so, don't let these common excuses stop you from purchasing the life insurance coverage you need:

It Costs Too Much Money - Not having the life insurance you need could be much more costly in the long run. Without life insurance your spouse may have to go back to work, lose the family home, and your children may miss out on a college education.

I'm Too Busy -...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Term Insurance Quotes for Seniors

October 9, 2016

How can seniors get term insurance quotes and what plans are available?

Seniors and people of almost any age can request free life insurance rate comparisons on the internet.

Seniors can usually get up to 20 years of term life insurance, but that will depend on your age.

For example, term life plans are usually available for a term of 5, 10, 15, 20, 25 or 30 years.

However, people over 70 may find it difficult to get more than 10 or 15 years of term insurance coverage due to their age.

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

How to Calculate Term Insurance Needs

September 16, 2016

I want to buy a term insurance policy; however, I am not sure how much life insurance coverage I need.

In order to figure out how much life insurance you need you can use a term insurance calculator which will have you answer some basic questions about your personal financial situation and your financial goals.

Once you complete the questions asked on the calculator, you just click a button and instantly receive an accurate estimate of your life insurance needs.

By using a needs calculator you c...
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