Life Insurance FAQ's

Term Life Insurance in NY

November 2, 2014

Are you looking for affordable term life insurance win New York?

If so, there's a quick and easy way to find the lowest rates for your term life insurance policy.

But first, here's a few tips for you to save on your coverage:

1. Compare rates among the leading life insurance carriers to find the lowest pricing.

2. Compare rates for all "terms" available - 10, 15, 20 and 30 years of coverage. The shorter the term, the lower your rate.

3. Quit smoking - Smokers pay 2-3 time smote for life insurance compared to non-smokers.

4. Get in shape - If you are overweight you may pay a higher rate on your life insurance.

5. Buy Now - Your rate increases with your age, so buy your life insurance at least 6 months before your next birthday, rates are based on your closest birthday.

Here's how you can compare term life insurance ny rates and plans online among several of the leading life insurance carriers.

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

Is Term Life Insurance The Most Expensive?

October 29, 2014

No, term life insurance is not the most expensive life insurance.

Actually, term life costs a lot less than whole life insurance.

Since term life coverage lasts for a specific number of years, it costs much less than permanent life insurance that lasts for your entire lifetime.

Term life plans usually offer coverage for a period of 10, 15, 20, 245 or 30 years.

However, if you choose to renew your term life insurance when your initial term expires, the premium will be much higher at that time beca...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Life Insurance Company Rankings?

October 25, 2014

What are life insurance company rankings and why are they important?

Life insurance company rankings are a listing of top life insurance carriers based on certain factors that help to indicate an insurer's financial stability and the quality of the life insurance company.

For instance, life insurance companies may be compared and ranked based on their financial strength rating from AM Best Company, or the total number of life insurance policies they issued in a specific year, or their total mar...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

When To Stop Paying For Term Life Insurance?

October 23, 2014

When should I stop paying for my term life insurance policy?

You stop paying for your term life coverage when you decide that you no longer need the life insurance protection and wish to stop it.

You can either choose to provide written notice of cancelation to your life insurance company, which would help you to get any unused premiums refunded. Or, you can just let your life insurance policy lapse by discontinuing the premium payments.

You may want to stop paying for you...

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

Who Sells The Cheapest Term Life Insurance?

October 21, 2014

There are over 900 life insurance companies in America. So, finding the cheapest term life company for your specific needs and risk factors will depend on you comparing rates from multiple insurers before you choose a policy.

However, Protective, Genworth, SBLI, Banner, Pacific Life ING, Transamerica and American General are a few of the most competitive life insurance carriers when it comes to term life insurance.

Here's how you can instantly compare the cheapest term life i...

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

Is there life insurance that does not require a medical exam?

October 17, 2014

Yes, there are life insurance plans available that do not require you to take a medical examination to qualify.

In fact, some plans may offer up to $350,000 of life insurance coverage without any exams. However, whether or not you qualify will depend on your age, health, and your answers to any health questions asked on the application.

You can compare rates and plans instantly, and apply online for a no exam life insurance policy in minutes.

Also, some life insurance no exam policies allow you ...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Social Security Burial Benefits?

October 14, 2014

What are social security burial benefits?

It's a form of burial insurance provided by the social security administration which pays out a one time lump sum death benefit to the spouse or child of a deceased person who meets the qualifications for coverage which is usually tax payments into the S.S.A. program for a certain minimum number of years.

In addition, to burial benefits, the spouse and/or children of a deceased person meeting the qualifications for coverage may qualify for survivor insu...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Can I Get Life Insurance If I Use Medical Marijuana?

October 10, 2014

I am a card-holding medical marijuana user living in Colorado. Will a life insurance company decline coverage or raise my rates because of the marijuana usage?

Yes, you can qualify to buy a life insurance policy if you use medical marijuana and you live in the state of Colorado.

If you are purchasing a medically underwritten policy that requires a medical examination and a review of your medical records, the reason for needing the medical marijuana will enter into your ratin...

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

Life Insurance for People that Bungee Jump?

October 9, 2014

Is there life insurance for people who go bungee jumping? Is it covered.

Although some life insurance policies may have exclusions for certain high risk activities, there are insurers that insure people for life insurance if they do bungee jump.

However, whether or not you are approved for life insurance, and what rate you will pay depend son several factors, including:

1. The type of bungee jumping,

2. How often you bungee jump,and

3. Where you bungee jump from.

There are over factors that the li...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Term Life No Exam No Med Questions

October 6, 2014

Where can I buy a term life insurance policy without any medical exams or medical questions asked?

There are several types of no exam policies available online for you to purchase.

However, when it comes to life insurance with no health questions asked the option safe fewer.

Basically, for no question life insurance there are two plans available:

1. Accidental death life insurance, and

2. Guaranteed issue life insurance.

Accidental death offers up to $1,000,000 of life insurance th...

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