Life Insurance FAQ's

How much you spend on your life insurance policy will depend on several things, including how much life insurance you need and what type of life insurance policy you want to buy.

There are several factors that you have to consider when deciding how much to spend on your  life insurance.   First consider your age.  The older you are when you purchase your life insurance plan, the higher your cost of life insurance.

Then factor in your health, smoking status, and lifestyle inclu...

Yes, there is life insurance available for elderly people.

There are several life insurance plans available for the elderly with No Exam required.

Final Expense life insurance policies can be purchased by people usually up to age 80.

There is quite a bit of leniency on the health questions for these these no exam senior life insurance policies policies, but it is possible to be declined. The maximum amount of life insurance offered is usually up to $25,000 for this type of lif...

Yes, life insurance policies may cover skiing.

If you are a recreational skier, there will not be any difference in your price than if you did not ski at all. Your life insurance policy should pay out a death benefit whether your death occurred by illness or accident, even if it was a skiing accident that was the cause of your death. 

Your rate for your life insurance coverage might be higher, or the skiing might be excluded as a cause of death, if you are a professional ski...

Yes, type 1 diabetics can may qualify for life insurance, and sometimes a person with type 1 diabetes will have an easier time finding affordable life insurance coverage than a person with poorly controlled type 2 diabetes.

With good control of your diabetes and no side effects, type 1 diabetes life insurance can be issued in a life insurance policy that pays 100% from day one and has no limit on the face amount. This means, you would have full coverage immediately once you a...

When comparing term life insurance policies there are several features to consider:

1. How much is the premium and how long is it guaranteed to stay the same?

2. How much life insurance coverage is provided and how long is it guaranteed to stay the same?

3. Does full coverage start immediately?

4. Is the term life insurance policy convertible to permanent life insurance without evidence of insurability, and for how long?

5. What is the financial strength rating of the life i...

If your life insurance policy lapses, it means that your life insurance coverage has ended.

In order to reinstate your life insurance policy coverage you will have to prove that your health has not changed, and pay any life insurance premiums due.

If that is not possible, you will have to get a new life insurance policy with life insurance rates which would be based on your current health and age.

Learn more about a lapsed life insurance policy and what that means.