Life Insurance FAQ's

Am I Able To Get Life Insurance On My Brother?

December 6, 2013

Yes, you may be able to get life insurance on your brother.

The life insurance company requires an insurable interest in the person you want to insure for life insurance.

Insurable interest means you rely on the person for some form of financial support, or you would suffer financially if the person were to die.

Insurable interest does exist between spouses, parents and their children, and siblings, among others.

So, you could buy life insurance on your brother, but you may need his permission, signature, and he may have to answer some health questions.

Here's how you can learn more about who can you insure for life insurance and how to get coverage.

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

Life Insurance for Seniors over 70?

December 5, 2013

Is there life insurance available for people over age 70?

Yes, some insurers offer life insurance coverage for people over 70 years old.

Whether or not you qualify for a plan may depend on your age, health, hobbies, lifestyle, driving record, height-to-weight ratio, if you smoke or not, and some other risk factors that may impact a seniors longevity.

Life insurance companies may offer permanent life insurance to seniors over 70, but these will be the most expensive plans available; however, they...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

What Is The Term Of Life Insurance?

December 4, 2013

The term of a life insurance policy is usually the number of years that a Term Life Insurance policy will stay the same price.

Term life insurance plans that are "level term" have the same premium each year for the duration of the term; such as, 10, 15 or 20 years.

I say "usually" because some life insurance policies will increase the price every few years or every 5 years, or at a certain point in the policy.

Other life insurance plans will say the policy "usually" will stay ...

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

How Long Will My Life Insurance Last?

December 3, 2013

It depends on the type of life insurance you own.

Permanent life insurance lasts your entire lifetime, as long as you pay the premiums on time.

Term life insurance lasts for the length of the term.

Since term life is temporary, your life insurance lasts for the term you select when you purchase the policy. Many term life policies offer terms of 10, 15, 20 or 30 years.

So, term life insurance may last as long as 30 years, as long as you keep paying your premiums on time.

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

Can You Get Life Insurance On Anybody?

December 2, 2013

No, you can't buy life insurance on just anybody.

The life insurance company will require you to have an "Insurable Interest" in the person you want to insure for life insurance.

Insurable Interest means you rely on the person for financial support, or stand to lose money if the person dies.

Insurable Interest does exist between spouses, siblings, parents and their children, relatives, and business partners, among others.

So, for instance, you may insure the life of your parent, but you will nee...
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Posted by hadley hadley. Posted In : Life Insurance FAQ's

Can You Get Life Insurance With Diabetes?

December 1, 2013

People with diabetes can get life insurance, and there are some ways that you can help yourself get the best price on your life insurance policy.

Life insurance companies will consider your age, health, type of diabetes, if you smoke, how long ago you were diagnosed with diabetes, if you are insulin dependent, if you have any health problems related to your diabetes, how often you test your blood sugar levels, and other measures you take to properly manage your diabetes.

Many ...

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

Is Hepatitis C Tested For Life Insurance?

November 27, 2013

Life insurance companies test for many different health issues when you apply for a life insurance policy.

Your age, health, and amount of life insurance you request will help the insurance company to determine what type of exam you have and what they test for.

For example, a young person under age 30 requesting $50,000 of life insurance may only have a limited exam, while an 55 year old person requesting $1,000,000l of life insurance may require a full physical examination.

If ...

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

Where To Compare Life Insurance Quotes?

November 26, 2013

When it comes to comparing life insurance quotes you have several good options available to you.

You could contact a local licensed independent life insurance broker with access to several leading life insurance carriers.

You could contact life insurance companies one-by-one for your free quotes.

Or, you could visit a well-rspected online life insurance broker with access to a large network of leading life insurance companies.

We recommend Efinancial for your life insurance quote comparisons.

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

Can You Get Life Insurance If You Are An Alcoholic?

November 24, 2013

You may or may not be able to qualify for life insurance if you are an alcoholic. It will depend on your age, health, and other risk factors related to your drinking.

The life insurance companies look at several factors in determining if they wish to issue a life insurance policy for coverage.

Have you been to AA? Have you been to a treatment facility for alcoholism?

If you are an alcoholic, are you being treated for kidney problems?

What is your record as far as being arrested f...

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

Life Insurance for a Senior Citizen?

November 23, 2013

Can a senior citizen qualify for life insurance coverage?

Yes, seniors may qualify for affordable life insurance protection from a highly-rated life insurer.

In fact, many life insurance companies focus on providing special life insurance plans suited specifically for seniors.

Some well-known insurers like Colonial penn, Mutual of Omaha, and Globe Life offer senior life insurance policies with simplified online applications to make it quick and easy for senior citizens to get quotes and apply on...
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