Life Insurance FAQ's

How Much Life Insurance Should A Married Couple Own?

February 25, 2015

The amount of life insurance that a married couple should own will depend on several factors.

Your individual incomes, your total amount of debt, whether you have children and how many, the things you want to use your life insurance to accomplish, and your budget will all enter in your calculations on how much life insurance to purchase.

You should a life insurance needs calculator to help you determine your actual life insurance needs, and then help you find the best pricing for the life insurance policies that best suit you and your spouse's insurance needs.

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

Does Life Insurance Cover Both Spouses?

February 23, 2015

One life insurance policy does not cover both spouses unless you purchase a joint life insurance policy,or a survivorship life insurance policy (and then it would only pay out upon the death of the second person).

Or, you could adds a rider on your own life insurance policy to provide added coverage for your spouse.

Otherwise, the spouse will need to purchase a separate individual life insurance policy to have his/her own coverage.

Learn more about life insurance for spouses.

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

What is a Whole Life Guaranteed Policy?

February 10, 2015

Whole life guaranteed coverage is life insurance that provides guaranteed life insurance protection for your entire lifetime, no matter how long you live.

And, it provides guaranteed acceptance, which means you cannot be turned down for coverage, even if you are older or have health problems.

For instance, The United of Omaha whole life guaranteed policy offers from $3,000 up to $25,000 of permanent life insurance protection, and people ages 45 to 85 cannot be turned down for a policy.

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

Who offers Instant Issue Life Insurance?

February 5, 2015

I want to buy a life insurance policy and start my coverage right away.

Is it possible to get life insurance today?

Yes, there is life insurance available online that offers you the option of starting your policy today, if you qualify.

You just request a life insurance quote, apply online by answering some health questions, and you find out, usually within the hour, if you qualify.

Once you are approved, you can start your life insurance that day. There's no meeting with an agent, and no physic...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Discounts on Term Life Insurance?

February 3, 2015

How can I get lower rates on term life insurance - are there any discounts available?

Yes, there are some discounts that may be available for term life insurance.

For instance, some insurers offer a multiple policies discount if you have more than one type of insurance with the insurer.

In addition, discounts are offered for better than average health and for a good driving record.

If your lifestyle presents a better than average risk for death sooner than the average life expectancy of a person...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Which Term Life Insurance Company Is The Best?

January 26, 2015

Actually, there are hundreds of life insurance companies in America that offer term life insurance.

Since each insurer has their own set of guideline soft underwriting, acceptance and pricing, each insurer may be more or loess competitive when it comes to prices for certain classes of risk - such as, seniors, non-smokers, diabetics, young adults, or married couples.

In addition, there are several ways to compare insurers, including by price, total assets, total number of individual life insuran...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Why Use Life Insurance?

January 23, 2015

Why do people choose to buy life insurance - what is the purpose?

Many people buy life insurance policies to provide financial security for their loved ones inn case they die.

With life insurance you choose who will receive the proceeds (death benefit) from your life insurance upon your death.

The proceeds from your life insurance can be used by your beneficiary any way that person(s) sees fit. So, you could leave your life insurance to your spouse and he (she) could use the money to pay off the...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Can I Buy Mortgage Insurance Online?

January 18, 2015

Is it possible for someone to purchase mortgage life insurance coverage on the internet?

Yes, there are life insurance plans available online to provide death protection for your mortgage.

You can choose to either compare multiple mortgage term life insurance quotes online among leading carriers, or you may apply online for a no exam mortgage life insurance plan.

There's no highly-rated insurance company that offers up to $350,000 of mortgage insurance without any health exams required. You can ...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Guaranteed Acceptance Life Insurance Company?

January 12, 2015

Do any insurance companies offer guaranteed acceptance for life insurance? If so, which insurers offer this coverage?

Ye,s there are several insurance carriers that provide guaranteed acceptance life insurance plans.

These carriers may includes Vantis Life, Metlife, Colonial Penn, Mutual of Omaha, and AARP/NewYork Life, among others.

However, keep in mind, guaranteed approval plans have graded death benefits the first 2 years you are insured. So, you won't have full coverage immediately, but aft...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Can I Get Mortgage Life Insurance without Taking a Medical Exam?

December 22, 2014

Is it possible to purchase a mortgage life insurance policy that would pay off my mortgage loan if I die, without me having to take any physical examination to qualify for the coverage?

Yes, there are life insurance plans for a mortgage that offer protection without any health exam required of the applicant or insured person.

For instance, there's one highly-rated life insurance carrier you may have heard of on television that offers up to $500,000 of life insurance with no health exams require...
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