Life Insurance FAQ's

Should I Get Life Insurance Coverage for My Spouse?

January 25, 2016

The need for term life coverage applies equally to income-earning spouses, and there are strong arguments for acquiring life insurance for a partner or spouse who is not drawing an income, as well.

For instance, losing a stay-at-home spouse can lead to dramatically increased child-care costs, time away from work for the surviving spouse, final expenses, the settling of outstanding debts, and these are just a few of the financial aspects of such a serious loss as the death of your spouse.

The rule of thumb is to get at least 50 percent of the term life insurance coverage for a stay-at-home spouse as for the primary breadwinner.

The cost to pay someone to perform all of the tasks a stay-at-home- parent performs for the family could cost in excess of $50,000 each year when you include cleaning, laundry, shopping, cooking, running errands and grocery shopping, taking and picking up the kids form activities, etc.

Learn about life insurance for your spouse.

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

 

How much Life Insurance can you Buy without an Exam?

January 18, 2016
I want to get a life insurance policy but I don't want to take any physical exams.

How much coverage can you buy without taking an exam?

Actually, it may be a lot more than you might expect. Since you can own more than one life insurance policy, and there are several insurers that offer no exam life insurance, you may be able to purchase more than $750,000 of life insurance without taking an exam.

However, most no exam life insurance plans charge a higher rate than you might get with a fully und...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's 

 

Why is there Life Insurance for Children?

January 9, 2016
Why do parents buy life insurance for their children?

Child life insurance plans offer several benefits that make it important for parents to consider life insurance for their kids.

Here are some of the main benefits of child life insurance plans:

1. Provides money tom pay for your child's funeral and burial costs which may average around $7,700 including the cost of a casket, burial plot, headstone and memorial service.

2. Provides low cost life insurance protection for your child's entire lifet...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's 

 

What are the Advantages of a Term Life Insurance Policy?

January 5, 2016
If you are shopping for life insurance and you're considering the purchase of a term life policy, you may want to learn about the advantages of term life insurance over other types of life insurance plans.

Term life offers several important advantages when it comes to life insurance protection for your family.

Term life is the most affordable life insurance available, offering the lowest prices for up to 30 years of protection.

Term life is flexible, allowing you to choose life insurance for a "...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's 

 

Doctor Checkup for Life Insurance?

December 17, 2015

Why do life insurance companies make you go to see a doctor for a checkup?

Actually, most life insurance companies do have a medical exam requirement for applicants based on the person's age and amount of life insurance being requested.

For instance, some insurers may require a medical exam if you are over age 30 or requesting more than $50,000 of life insurance.

However, the exam is usually a paramedical exam performed in your home or office by a paramedical examiner, not a doctor. And, the exa...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's 

 

Online Life Insurance No Medical Check?

December 13, 2015
Is there life insurance online you can purchase without any medical check up required?

Yes, there are no medical check life insurance plans available online.

These are called "guaranteed issue" life insurance policies with no health exam required and no health questions asked.

And, you cannot be turned down due to any health problems.

These guaranteed life insurance plans usually age age requirements; such as, coverage is guaranteed for people ages 45 to 85.

Also, guaranteed life insurance may lim...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's 

 

What is Fidelity Life Hybrid?

December 3, 2015

Fidelity Life Hybrid is a type of life insurance policy that combines two types of insurance coverage: Term and Accidental Death.

You can get an instant quote and apply online for up to $1,000,000 of life insurance without any health exam required.

And, you can start your life insurance coverage within 24 to 48 hours.

Example: You purchase $900,000 of Fidelity Life Hybrid coverage with no exam.

Your coverage would consist of $300,000 of term life insurance all cause coverage, and $600,000 of acci...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's 

 

Life Insurance and No Medical Questions

November 19, 2015
Is it possible to buy a life insurance policy without having to answer any questions about my health?

Yes, there are no medical question life insurance plans available.

These plans usually have:

1. Limited death benefits the first two years you are insured.

2. Maximum amount of life insurance available up to $25,000.

3. No health exam required.

4. Guaranteed acceptance for people age 45 to 85.

5. No health questions asked - you cannot be turned down due to your health.

Here's how you can learn more a...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's 

 

United of Omaha Final Expense Plan

November 9, 2015
Does United of Omaha offer final expense coverage?

Yes, United of Omaha offers up to $25,000 of final expense whole life insurance.

Who can qualify for coverage?

Anyone age 45 to 85 who lives in a state where United of Omaha offers there final expense policy can get insured.

If you are age 45 to 85 you are guaranteed acceptance and cannot be turned down due to any health problems.

How much does coverage cost?

United of Omaha final expense plans start at just $8.80 per month.

Here's how to learn more...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's 

 

Life Insurance with No Health Screen?

November 4, 2015
Is there life insurance available without any health screening?

There's a couple types of life insurance plans available without an exam required.

First, there's simplified issue term life insurance that requires no health examination, but there are a few health questions for you to answer. These plans usually offer up to $250,000 (or more) of term life insurance for a period of 10, 15, 20 or 30 years.

Then, there's guaranteed approved life insurance that usually offers up to $25,000 of permanen...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's 

 
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