Life Insurance FAQ's

Can You Get Life Insurance With Epilepsy?

March 31, 2014

Yes you may qualify for life insurance with epilepsy in most cases, although you will pay a higher price than a "standard" risk would at the same age for the same type and amount of life insurance.

When you find an independent life insurance agent that you feel comfortable with, give as much information as you have such at the date you were first diagnosed with epilepsy, all medications that you currently take, whether or not they involve this disease.

The life insurance agent will then be able to guide you and give some alternatives depending on how much life insurance coverage you wish to purchase.

In addition, if you find it difficult to get life insurance you may want to consider guaranteed acceptance life insurance plans.

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

What If Life Insurance Beneficiary Dies?

March 29, 2014

If you own a life insurance policy you choose who the beneficiary will be upon purchasing the policy.

You may choose more than one person to receive a portion of the proceeds from your life insurance policy.

If the primary beneficiary dies before you do, then you can change beneficiaries on your life insurance policy.

If the primary beneficiary dies after you do, but has yet to receive the proceeds from your life insurance policy after your death, then the money would go to the secondary benefic...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

When To Use Whole Life Insurance?

March 27, 2014

If you are considering the purchase of a whole life insurance plan you may be wondering when is the time to buy whole life insurance?

Basically, whole life policies provide you with lifetime protection and may build cash value inside your policy, but cost more than term life insurance. So,here are some reasons for buying a whole life insurance plan:

1. To provide lifetime life insurance protection.

2. To build up cash value savings inside the life insurance policy from which you may take a loan ...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

How Much Life Insurance Does A 30 Year Old Need?

March 24, 2014

The amount of life insurance someone needs who is 30 years old may depend on that person's situation.

For example, if you are married, have children, or single with no kids or dependents.

The greater your financial obligations the greater your life insurance needs, but that will also depend on how much you earn and how much money you have saved.

In addition, your future financial goals will impact your need for life insurance, as well as, your current outstanding debt.

Are you employed? If so, yo...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Who Are The Top Ten Life Insurance Companies?

March 22, 2014

There are many different ways to rank life insurance companies and different criteria to use.

In the insurance industry, life insurance companies are often rated by total “admitted assets.” That means how much money the life insurance companies have.

Another way to rank life insurance carriers would be the number of individual life insurance policies "In Force".

There are other ways to rank insurance carriers. However, whether a life insurance company is the biggest, ...

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

How Much Will Term Life Insurance Cost Me?

March 21, 2014

The amount you pay for your term life insurance policy will depend on the insurance carrier, and your own personal risk factors.

Each life insurance company has their own set of pricing guidelines and approach to underwriting risks for life insurance.

In addition, your personal risk factors affect the rate you pay for life insurance.

Risk factors may include your age and health, family health history, your occupation and hobbies, lifestyle, if you smoke or not, your height-to-weight ratio, drivi...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Will Life Insurance Pay For A Funeral?

March 19, 2014

Life insurance death benefits may be used to pay the cost of your funeral and burial expenses.

It is best to use Whole Life or guaranteed no lapse Universal Life insurance, so that your life insurance policy is sure to be “In Effect” when you pass away.

However, when you purchase a life insurance policy you choose the beneficiary who will receive the death benefit upon your death. You have the option of changing the beneficiary when you choose to do so.

The benefici...

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

Can I Get A Life Insurance Policy On My Brother?

March 18, 2014

You can buy a life insurance policy on your brother if you have an “insurable interest” in his life.

This could include being his custodian if he is not yet an adult, or handicapped, being his business partner, being responsible for his outstanding debts, and other scenarios.

It would be challenging to think of an instance when you would be denied the privilege of insuring your brother. Of course, your brother has to cooperate. This means, he will need to answer some...

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

What is the Cheapest Life Insurance?

March 17, 2014

Term life and permanent life insurance are the two basic types of life insurance.

Term life insurance costs the least because it is temporary and builds no cash value inside the policy.

Permanent life insurance provides lifetime coverage; whereas, term life is temporary with level rates for up to 30 years of life insurance protection.

Term life offers the flexibility of providing coverage with level premiums for a period of 10, 15, 20 or 30 years.

Since term life costs less, it means you can affo...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Can I Buy Life Insurance On My Ex Husband?

March 15, 2014

Yes, you may be able to buy life insurance eon your ex-husband.

If you have an "Insurable Interest" you may purchase life insurance on your ex-husband.

That would probably mean that he is responsible for child support or alimony payments to you based on your divorce agreement.

While buying life insurance on another person requires his cooperation that cooperation can be ordered by the court.

You should be the life owner, payer and beneficiary of the life insurance policy. T...

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