Life Insurance FAQ's

What if I already have a life insurance policy, should I cancel and start over or add a new life insurance policy?

June 21, 2016

If you already own life insurance the most important thing to remember is to not cancel any existing life insurance coverage until your new life insurance policy has been approved, delivered, and put "In Force".

Compare the your current life insurance policy to the one you want to purchase by comparing price, guarantee periods, convertibility, financial strength of the insurance companies, and exclusions.

When beginning a new life insurance policy, a new contestability period and suicide period will start, and usually lasts for the first two years you are insured under your new life insurance plan.

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

When Does a Life Insurance Policy End?

June 16, 2016

That depends on the type of life insurance policy you have.

There's term life insurance and permanent life insurance.

Term life ends when:

1. You stop paying the premiums for your coverage, or

2. The "term" of your policy expires, or

3. You die during the "term" of your policy, then a death benefit is paid out to your beneficiary.

Permanent life insurance ends when:

1. You Stop paying your premiums, or

2. You die and the death benefit is paid out to your beneficiary.

Learn more about permanent (whole...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Which Burial Insurance Company is Best?

June 12, 2016

Each insurance company that offers burial expense insurance will offer different burial policy coverages and pricing.

You'll want to consider which burial insurance company is best for you and your own needs.

Some insurers offer different amounts of burial insurance and prices will vary by carrier.

And, some insurers offer coverage for different ages, for example, one insurer offers guaranteed coverage for people age 45 to 75, while another leading insurer offers guaranteed coverage for people a...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Choosing a Premium Payment Mode for Term Life Insurance

June 9, 2016

What premium mode should I choose when purchasing a term life insurance policy?

Most life insurance companies offer a variety of premium payment options including annual, semi-annual, quarterly or monthly payments.

In deciding which premium mode to choose you should consider the following:

If you choose to pay an annual premium and then decide to terminate your life insurance policy before the end of the year, the insurer is not required to refund any portion of the premium...

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

Term Life Insurance Policy - What to Consider?

June 5, 2016

Most the the term life insurance policies sold today provide guaranteed renewability, which gives you the option to continue your life insurance coverage beyond the initial rate guarantee without having to take any health exam to prove your insurability.

This renewability feature may become very important to your family if you should become sick or uninsurable during the time your are covered by your original term life insurance policy.

Another option to look for is conversion ...

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

When to Buy Term Life Insurance?

June 2, 2016

Many people choose to purchase their first life insurance policy when they get married, buy a home, or start a family.

These are all very good times to buy a term life insurance policy, because you can make sure the financial obligations of your home and family do not become a financial burden for your survivors if you were to pass away.

Term life insurance is most affordable while you are young; however, people buy term life insurance coverage at all stages and phases of life...

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

What is a Free Look Period for Life Insurance?

May 30, 2016

In most states the insured has 10 days in which to examine their life insurance policy, and if not satisfied, to return it to the insurance company for a full refund of the initial premium paid to the insurer.

Free look periods may vary, but the minimum amount of time for a free look is usually 10 days.

The free look gives you a guaranteed refund if you are not satisfied with the purchase of your life insurance policy. So, you get back the money you paid to start your life insu...

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

What is Accidental Death and Dismemberment Insurance?

May 26, 2016

Unlike traditional life insurance that provides a death benefit only in the event of the death of the life insurance policyholder, accidental death and dismemberment insurance provides additional coverage in the event the policyholder becomes permanently injured in a number of specific ways.

This type of policy traditionally pays a certain benefit for the loss of limbs, with a specific dollar figure assigned to each type of lost limb.

Many companies provide this type of cover...

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

Life Insurance from Termfinder

May 23, 2016

What is Termfinder?

Termfinder is an online life insurance broker that has a network of more than 70 of the leading life insurance companies.

Termfinder offers you a way to instantly compare free life insurance quotes online form the top life insurance carriers.

You just fill out a short quote request form answering some basic questions and then you instantly see the best prices for life insurance on your screen without any delays or hassles.

With Termfinder you can find affordable life insurance...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

What is Universal Life Insurance?

May 20, 2016

Universal life insurance provides a flexible premium and an adjustable death benefit that builds value over time inside your life insurance policy.

The flexible nature of the universal life insurance policy means that the policyholder is free to change the amount of life insurance coverage to match his or her needs, making it easy to adjust the life insurance policy.

Get a free quote for universal life insurance

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