Life Insurance FAQ's

Does Life Insurance Blood Test For Drugs?

January 28, 2014

Usually, a life insurance company will require you to take a medical exam and draw blood and/or urine when you apply for your life insurance policy.

Then exam is paid for by the insurance company, and they check your blood for health issues; such as, high cholesterol, high protein levels, HIV/AIDS, STD's, diabetes, and other health conditions. In addition, they may check for use of prescription and illegal drugs.

A life insurance blood test may look for any signs of cocaine, marijuana, methamphetamine or other illegal drugs in your system. If the blood test indicates there are drugs in your system, you may be declined for life insurance, or the rate you are charged may be increased.

Here's how you can learn more about life insurance blood testing and how you may qualify to buy life insurance with no blood tests or medical exams.

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

What Is Joint Life Insurance Policy?

January 27, 2014

A joint life insurance policy provides life insurance protection for two or more lives.

When one of the insured persons dies, the life insurance policy pays the death benefit and the life insurance coverage ends. It no longer covers the other insured person under the life insurance policy.

A joint and last survivor life insurance policy does not pay out a death benefit when the first person dies, but pays out the death benefit upon the death of the last person to die who is...

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

Who Are The Top Rated Life Insurance Companies?

January 26, 2014

Life insurance companies are rated by a number of different independent rating agencies.

Therefore, which life insurance companies are top rated will depend on which rating system you choose to use when comparing financial strength of life insurance carriers.

Here are the leading financial rating institutions for insurance companies:

A.M. Best Company
Weiss
Moody's
Fitch
Standard & Poor's

It may make sense to use multiple rating systems to measure the insurance companies you are i...

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

Best Senior Life Insurance Company

January 25, 2014

What is the best company for senior life insurance?

There are several highly-rated life insurance carriers offering senior life insurance plans.

When choosing your insurance company and plan make sure o find out the following:

1. What is the financial strength rating of the insurer?

2. How much will the life insurance cost?

3. When does full coverage start - immediately or after 2-3 years?

4. How long is the rate guaranteed to remain level?

5. How long will the life insurance coverage last?

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

How To Get Life Insurance After Being Denied?

January 24, 2014

Have you been turned down for a life insurance policy?

There are many reasons people may be turned down for life insurance coverage; such as, due to your age, health, driving record, use of illegal drugs, etc.

However, if you have been turned down when you applied for coverage, you may still have other options available to get insured.

For instance, guaranteed issue life insurance plans offer no exam life insurance with a limited amount of life insurance coverage available. In fact, some plans ...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

How To Get Life Insurance Quotes Online?

January 23, 2014

You can get life insurance quotes over the internet by visiting a life insurance website offering life insurance quote comparisons.

Some websites have access to life insurance brokers that sell your information to others and will contact you by email or phone about your quote request.

While others provide instant life insurance quote comparisons from a large network of life insurance companies with no delay. That way, you can see for yourself without any delay which life insurance carriers may ...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

What Is The Best Life Insurance Company For Senior Citizens?

January 22, 2014

There is no one best life insurance company for all seniors, although some are certainly better for older people than others.

The one life insurance carrier that is best for you will depend on your age, what amount of life insurance you need, what type of life insurance plan you want, your health, and even the state in which you reside, among other factors.

If you are over age 60 and looking for life insurance to cover your funeral costs, you will most likely find your most ...

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

Why Have Term Life Insurance?

January 21, 2014

Term Life Insurance is life insurance for "temporary" needs that may last up to 30 years, or less.

For example,iIf you have 15 years left on your home mortgage loan, purchasing a 15 to 20 year term life insurance policy is a cost effective way to cover that substantial debt, in case you die within that period of time.

You do not purchase Term life insurance to borrow from it in the future, because Term life insurance does not build up any cash value inside the policy, it is p...

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

How Much Life Insurance Should I Get For My Child?

January 15, 2014

If you are just looking for a burial type life insurance policy which you would like to give to your child as a gift when they are an adult, perhaps when they have a family of their own, you might just start off with a $30,000 life insurance plan.

Underwriting is usually minimal in most cases on life insurance policies for children, meaning there is no health exam and few health questions. You can even get a quote and apply online for your child's life insurance plan in about...

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

How Can I Take A Life Insurance Policy Out On My Father?

January 14, 2014

It is possible to take out a life insurance policy on your father.

Since he is your father, you have an insurable interest in him, which is required in order to buy life insurance on someone else.

However, when taking out the coverage you may need his signature on the application, and he may have to answer some health questions. But, some life insurance plans may not require his knowledge.

This article explains how to buy life insurance on your parent. You can even request a life insurance quote...
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