Term Life Insurance Blog

At What Age Does Life Insurance Stop?

The age your life insurance coverage stops will depend on your life insurance policy.

If your policy is a term life insurance policy, it will stop at the end of the stated term. For example, a 20 year term life policy will end after 20 years.

If you buy that insurance, and live a day past the 20 year period, your life insurance will expire, or you may be able to renew the policy at a higher premium.

A Whole life insurance policy will last as long as you do, they are going to cover you as long as you keep the life insurance policy in force.

Learn more about whole life insurance versus term life insurance

Where To Purchase Life Insurance?

There are several ways you may be able to purchase your life insurance policy.

1. Contact a local licensed independent life insurance agent with access to a network of highly-rated life insurance carriers.

2. Call life insurance carriers direct for a quote.

3. Visit a life insurance website that offers the option of purchasing your life insurance policy direct online.

If you want to find the best rates and plans you may want to compare pricing among multiple life insurance companies.

However, you may have the option of purchasing life insurance direct online without having to take any health exam, or meet with an agent.

Learn how you may purchase life insurance online today.

If you qualify, you may be able to start your life insurance policy today.

What is Term Insurance?

Term insurance is life insurance coverage that provides protection for a temporary period of time.

Term life insurance usually offers a "term" of coverage for 10, 15, 20 or 30 years.

With level term life insurance your life insurance premiums remain "level" (the same) each year for the entire term of your policy.

In addition, the amount of life insurance provided by your term life insurance policy stays the same each year until your life insurance expires at the end of your term.

Term life is the most affordable type of life insurance offering you the most life insurance at the lowest price for a period of up to 30 years.

So, if you need life insurance for 30 years or less, or you are on a budget, or have a growing family, you may want to consider term life insurance.

Continue reading "What is Term Insurance?"

What Are Some Good Life Insurance Companies?

There are several excellent life insurance companies among the more than 500 life insurance carriers in America.

When comparing carriers for your life insurance plan you may want to consider a few factors:

1. The size of the life insurance carrier - total assets.

2. The financial strength rating of the carrier.

3. The pricing offered by the carrier.

4. The customer service and number of years in business.

Each year, the III.org (insurance Information Institute) issues a list of leading life insurance companies in the U.S.

Among the list of top life insurance companies are some well-known names such as Prudential, Northwestern Mutual, and Met Life, among others.

When selecting an insurance company you may also want to ask your friends and family members about their own experiences with their life insurance companies, and which they may recommend to you.

Here is a full list of the top 10 life insurance carriers in the U.S.A.

What Is The Difference Between Life Insurance And AD&D?

Life insurance coverage pays the death benefit proceeds from the policy upon loss of life of the insured person.

The cause of death is irrelevant, except for a few conditions such as suicide is excluded during the first two years, one year in some states.

Accidental death and dismemberment insurance pays the death benefit proceeds for accidental death or dismemberment of the insured person.

Most death is usually caused by natural causes, which means that Life insurance policies pay out a death benefit far more often then do accidental death insurance policies.

In addition, some AD&D insurance policies require that death occur within a specific period of time after the accident, such as, within 6 months of when the accident happened, in order for the death claim to be paid out on an accidental death policy.

Learn more about accidental death insurance and how it works.