Life Insurance FAQ's

Can People With Cancer Get Life Insurance?

November 21, 2013

Whether or not someone with cancer can buy life insurance may depend on the type of cancer, stage, treatment and the period of time since all treatment has ended.

Certain types of cancer, such as most forms of skin cancer, if caught early and "cured", should not prevent someone from qualifying to buy a life insurance policy, depending on the stage of cancer and treatment, rates for your life insurance policy may be standard or higher.

Other forms of cancer may be insurable and others may not, depending on your health, type of cancer, and how your cancer has responded to treatment, etc.

Life insurance brokers specializing in high risk life insurance plans for people with cancer can shop insurable cases from a wide variety of life insurance carriers to help you find the best offer available.

Learn more about life insurance with cancer and find out if you may qualify for affordable life insurance coverage.

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

Can You Get Life Insurance With COPD?

November 19, 2013

If you have COPD it is highly unlikely you will be able to qualify for life insurance coverage.

However, it will depend on your personal health history provided through a pre-screening process that would tell you what to expect for a rate classification on your life insurance policy, if qualified.

It is unlikely a person would be considered a standard risk with COPD, but that person may get a table offer from a carrier at a much higher rate than standard, depending on your hea...

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

How Much Is Term Life Insurance For 20 Years?

November 17, 2013

Term life insurance can cover a temporary need and can be surprisingly affordable, especially compared to permanent life insurance which can cost 2-3 times more than term life insurance, but provides lifetime coverage.

For example, if you are a male age 40 in need of life insurance coverage for a period 20 years, and are in excellent health, it may be possible to purchase up to $500,000 coverage for a level premium for 20 years that costs about $2 per day.

A quick and easy way...

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

Term Or Whole Life Insurance Which Is Better?

November 15, 2013

The type of life insurance plan that meets your needs is the one that is better between term or whole life insurance.

Also, some people have a need for both types of life insurance because they need term life for their short term needs, such as, protecting their growing family until they are adults, and whole life insurance for their lifetime needs, such as, providing for their final expenses and estate taxes.

But, if you have a need for 30 years or less, then a term life insurance policy can b...
Continue reading...

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

Who Has The Greatest Need For Life Insurance?

November 13, 2013

There are many different situations that would present a great need for life insurance.

Among those with the greatest need for life insurance protection may be:

1. Young Families.

2. New Homeowners.

3. Couples with several children.

4. Families relying on one income.

5. Married couples with children and no savings.

6. Widow with children.

7. Single parent with 2 or more children.

If you have people who rely on you for financial support you may need life insurance coverage.

Many families buy life insura...
Continue reading...

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

Can I Get Life Insurance If I Have Diabetes?

November 12, 2013

Yes, you may be able to qualify for life insurance coverage if you have diabetes.

However, it will depend on the status of your health and your diabetes.

The life insurance company will ask about your history of diabetes, when you were diagnosed, if you have type 1 or type 2 diabetes, how you manage your diabetes, are you insulin dependent, how often you check your blood sugar levels, do you have any health problems related to your diabetes, your height-to-weight ratio, etc.

In addition, the lif...
Continue reading...

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

Who Can Be The Owner Of A Life Insurance Policy?

November 11, 2013

In order to be the owner of a life insurance policy a person must:

1. Have an insurable interest in the person there are insuring; and

2. Be of adult age in order to enter a life insurance contract.

Insurable interest means you either rely on the person you want to insure for financial support, or you would lose out financially if the person you want to insure were to pass away.

Insurable interest exists between spouses, siblings, parents and their children, family members, and business partners,...
Continue reading...

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

When Will Life Insurance Not Pay?

November 10, 2013

If you own a life insurance policy you want to make sure your life insurance company will pay out any claim on your policy should you die.

But, there are several instances where a life insurance policy will not pay out a claim.

1. If your policy has expired, and you no longer have coverage.

2. If your policy has lapsed due to non-payment of premium.

3. If your policy excludes death due to your cause of death, such as, killed in a war.

4. If you lied on the application for life insurance, and the l...
Continue reading...

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

What Questions Should I Ask When Buying Life Insurance?

November 9, 2013

There are several questions you may want to ask when purchasing your life insurance policy.

It's important to get the right amount of life insurance, choose a financially secure life insurer, and get affordable coverage with rates that are guaranteed to remain level.

1. Does the life insurance policy cover *death by any reason? In other words, don't be fooled into buying Accidental Death Life Insurance when you think you are buying Life insurance which covers all types of deat...

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

At What Age Does Term Life Insurance End?

November 8, 2013

Term life insurance is a type of temporary life insurance which lasts for a certain period of time.

Usually, term life policies provide coverage for a term (duration) of 10, 15, 20 or 30 years.

When the term ends, the life insurance coverage expires, you have no more life insurance.

The term life insurance does not end at a specific age, but the anniversary date of the end of the term for your policy.

When the term comes to an end, you may renew your policy for another term, or apply for a new li...
Continue reading...

Tags

Categories

Recent Posts

Blog Archive