Life Insurance FAQ's

Life insurance pays the death benefit if the insured person passes away due to natural causes or accidental death during the period of time you are censured under the life insurance policy.

If you want the life insurance policy to pay out a double death benefit in case of accidental death and your policy does not do that as a feature of the policy, you may be able to purchase an accidental death rider.

That way if your death occurred due to an accident, the life insurance pol...

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Each life insurance provider has their own pros and cons.  

The key is understanding which life insurance provider has the best solution for your specific life insurance needs.

Each life insurance company has their own set of underwriting and pricing guidelines based on their experience with different classes of risk for life insurance; such as, smokers, seniors, diabetics, etc. So, you may want to compare plans and pricing from several life insurance companies because they all...

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A wife can and often does take out life insurance coverage on her husband. And a husband often takes out life insurance coverage on his wife. Parents also purchase life insurance on their children.

You can buy life insurance on your spouse because an insurable interest exists between spouses, which is a requirement to buy life insurance on another person. When you apply for life insurance on your husband, you may have to answer some health questions about his health.

Here's how...

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Yes, AARP does offer life insurance through New York Life.

AARP offers Term Life Insurance and Whole Life Insurance.

The death benefit will either pay 100% from day one you are insured, or be a graded death benefit which does not provide full coverage until you have been insured for at least 2 years.

Some of their life insurance policies can go up in price periodically, so take that into account when comparing prices on their life insurance plans.

Many seniors purchase AARP li...

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Yes, term life insurance policies do expire.

For instance, if you have a 10 year term life insurance policy, and you outlive the 10 year term, the life insurance coverage spires, you are no longer insured.

However, renewable term life insurance plans will allow you to renew the policy for another term, which may be 1 year, or longer.

In addition, convertible term life insurance policies may allow you to convert the term life insurance coverage into a permanent life insurance policy before the te...
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The best life insurance for your child may depend on your child's age, health and the insurance company's coverage and pricing available for your child.

Several insurers offer child life insurance plans. Some of the better known child life insurance carriers include Globe Life, Gerber, and Prudential, among others.

Since each life insurance company has their own set of pricing guidelines, and requirements for acceptance, as well as, their own specific financial strength rating, you may want to ...
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The beneficiary of a life insurance policy makes the decision on how to spend the proceeds of life insurance.

If you wish, you can make your funeral home one of the beneficiaries of your life insurance policy, to provide the money for your funeral costs.

The remainder of the life insurance can be left to another beneficiary, and that person can use the money as they see fit, if you wish to have a higher benefit amount for your life insurance policy.

That way, you leave some mon...

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The quickest and easiest way to find out which life insurance carrier offers you the cheapest rates is to request and compare instant life insurance quotes on a life insurance website that offers "free life insurance quotes". These quote comparisons will bring up the cheapest life insurance rates for your particular age and gender.

Some life insurance quote sites will even allow you to input some health and other risk factors to find out how different health issues may impact...

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There are many things you can do to prepare for your life insurance medical exam.

Make sure you choose a time of day for your exam when you experience the lowest amount of stress.

Also, do not drink any coffee, caffeine, or alcohol the day of the exam.

Don't exercise the day of the exam.

You can choose to have the exam in your home, so if that would be less stressful, choose that option.

Make sure you have all of your medical information, prescriptions, and health records available, as well as, th...
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