Life Insurance FAQ's

Good life insurance is life insurance coverage that pays the death claim on the insured when the insured dies.  

Not all life insurance companies are the same when it comes to price or coverage.  

Although they may offer many of the same types of life insurance, they may be priced differently, or the insurance carrier may have a higher of lower financial strength rating.

Most life insurance companies have a niche which there product is very competitive, while other classes of ...

Life insurance does cover death caused by cancer.

However, it is common for someone diagnosed with cancer to try to purchase a life insurance policy, and at that point in time it is very difficult to get approved coverage.

It may take as long as a couple of years to get a medically underwritten life insurance policy after a cancer diagnosis, especially if your cancer is over stage 2. It also will depend on the type of cancer, treatment needed, and effectiveness of the treatme...

No, there is no deductible for a life insurance policy.

The death benefit of a life insurance policy is not dependent on the expenses surrounding the death of the insured.

The life insurance policy owner selects the face amount of life insurance coverage, and that is what is paid to their beneficiary upon the death of the insured.

If they want to pay less premium for their life insurance policy, they simply choose a smaller face amount of life insurance coverage.

Guaranteed issue in a life insurance policy means that you will not be turned down for coverage any reason, regardless of any health condition.  

Most life insurance policies go through full underwriting, which is where the life insurance company decides the degree of risk involved with insuring your life. For example, are you healthy and expected to live a long life or do you have health concerns that could potentially shorten your life expectancy?  

With a guaranteed issue li...

Only life insurance policies that use medical underwriting will test you for drug use through a blood and/or urine test.

Simplified issue life insurance policies do not order blood tests or have you take exams, but they usually do ask about your previous drug use on your life insurance application.

Guaranteed issue life insurance policies do not ask about drug use on your application, nor do they it test you for drugs. However, the minimum age for most guaranteed issue life i...

Globe Life and Accident Insurance Company is rated "A+" Superior by AM Best Company for financial strength.

Globe life insurance company has been around since 1951.  

Globe offers term life insurance, whole life insurance and children's life insurance policies.  

Globe has a deal where you pay $1 for the first month and then your premium is based on your age at the time of issue. Some adult term life insurance plans start as low as $5 or $6 per month after the initial $1 payment...