Term Life Insurance Blog

This is the place where you'll get up-to-date information on Term life online insurance, including money-saving tips, articles, company reviews and resources to help you learn about term life insurance.

You can learn how term life insurance works, get free term life insurance quotes, or learn about term life insurance no exams required.

Review a list of the Top 10 life insurance companies and compare free, instant life insurance quotes online.


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Buying a New Life Insurance Policy?

What if I already have a life insurance policy, should I cancel and start over or add a new life insurance policy?

The most important thing to remember is to not cancel any existing life insurance coverage until the new life insurance policy has been approved, delivered, and put "In Force".

Compare your current life insurance policy to the one you want to purchase by comparing price, guarantee periods, convertibility and financial strength of the life insurance companies.

When beginning a new life insurance policy a new contestability period and suicide period will start, and usually lasts for the first two years of your new policy.

Here's more tips for buying a new life insurance policy.

What are Company Ratings?

What are financial ratings of insurance companies and why are they important?

The rating of an insurer is an indication of the financial strength of the insurer, and the insurer's ability to meet their financial obligations.

The higher the rating, the better able the insurer to pay their claims.

There are several independent rating agencies that review the financial statements of insurers and issue a financial strength rating.

Some of the top rating agencies include AM Best Company and Moody's, among others.

Continue reading "What are Company Ratings?"

What is Level Term?

Level term insurance is temporary life insurance coverage for a specific period of time.

Most level term policies offer coverage for a term of 10, 15, 20 or 30 years.

During the term of your policy the premiums stay the same, and the amount of life insurance protection does not decrease.

If you pass away during the term of your policy, your beneficiary receives the death benefit.

If you outlive the term of your policy, you may choose to renew your life insurance for another term, or the coverage would expire.

Here's how to compare level term rates.

Can a smoker get life insurance?

Yes, smokers can qualify for life insurance coverage, but they will pay a higher premium for the coverage compared to a non-smoker.

Unfortunately, the health risks associated with smoking are all too well known, and insurance companies are taking on a higher risk by insuring smokers due to the risk of lung cancer, emphysema and COPD.

The good news is most life insurance companies consider you a non-smoker after you have quit smoking for 12 months.

That means that if you quit smoking, you’ll qualify for better rates after a year of being nicotine-free. That’s just one of the many benefits of quitting.

Here's how to compare smoker life insurance rates from multiple insurance companies.

If I have no surviving family and no children, do I need life insurance?

You may need life insurance.

These may not apply to you, but other considerations for buying life insurance include things like:

1. Do you have significant debt that your estate assets will not cover?

2. Do you have money saved to pay your final expenses , including the cost of any medical bills, funeral and burial expenses?

3. Do you own a small business with partners where you need life insurance on the life of your partners in order to be able to buy-out their share of the business if they should die?

Continue reading "If I have no surviving family and no children, do I need life insurance?"

What do I get when I buy term insurance?

You have bought and received the life insurance company's guarantee that if you die during the term (duration) of your life insurance policy, the insurance company will pay a death benefit to your beneficiary.

The death benefit is paid upon your death, to the beneficiary you choose, usually free from federal income tax.

The beneficiary can use the proceeds form the life insurance for any purpose they choose, which may include to pay for your final expenses.

Learn more about how a term life insurance policy works.

Term insurance for How Long?

How long does a term insurance policy last and what are my options for coverage?

A term insurance life insurance policy provides you with temporary coverage for a specific period of time.

Usually, you can choose a "term' of 10, 15, 20 or 30 years for your life insurance coverage. Some carriers may offer 5 and 25 year terms,. also.

Level term life insurance wis the most affordable and most popular type of term insurance.

With level term life you pay level premiums for the entire duration of your term life policy.

And, your life insurance coverage never decrease during the life of your coverage.

Many people buy level term life to provide protection for their mortgage, replace their income, and provide the most life insurance at the lowest cost.

Here's how to learn more about level term insurance plans and compare pricing instantly.

What does Guaranteed Life Insurance mean?

Guaranteed life insurance is a type of life insurance plan that guarantees your acceptance for coverage.

It basically means you cannot be turned down for life insurance due to any health problems.

As long as you meet the age requirements for acceptance, and you live in a state where the insurance company offering the plan is licensed to do business, you can get insured for life insurance.

For example, United of Omaha offers guaranteed acceptance life insurance for people ages 45 to 85.

You can choose up to $25,000 of coverage with no health exam and no health questions asked.

And, rates start as low as $8.80 per month. United of Omaha is licensed in many states across America.

Whether you have health problems, smoke, are overweight, or have been turned down for life insurance, you may be able to get insured.

Learn more about guaranteed life insurance.

What does Guaranteed Life Insurance mean?

Guaranteed life insurance is a type of life insurance plan that guarantees your acceptance for coverage.

It basically means you cannot be turned down for life insurance due to any health problems.

As long as you meet the age requirements for acceptance, and you live in a state where the insurance company offering the plan is licensed to do business, you can get insured for life insurance.

For example, United of Omaha offers guaranteed acceptance life insurance for people ages 45 to 85.

You can choose up to $25,000 of coverage with no health exam and no health questions asked.

And, rates start as low as $8.80 per month. United of Omaha is licensed in many states across America.

Whether you have health problems, smoke, are overweight, or have been turned down for life insurance, you may be able to get insured.

Learn more about guaranteed life insurance.

What does Guaranteed Life Insurance mean?

Guaranteed life insurance is a type of life insurance plan that guarantees your acceptance for coverage.

It basically means you cannot be turned down for life insurance due to any health problems.

As long as you meet the age requirements for acceptance, and you live in a state where the insurance company offering the plan is licensed to do business, you can get insured for life insurance.

For example, United of Omaha offers guaranteed acceptance life insurance for people ages 45 to 85.

You can choose up to $25,000 of coverage with no health exam and no health questions asked.

And, rates start as low as $8.80 per month. United of Omaha is licensed in many states across America.

Whether you have health problems, smoke, are overweight, or have been turned down for life insurance, you may be able to get insured.

Learn more about guaranteed life insurance.


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