Term Life Insurance Blog

What is the best type of life insurance?

The best type of life insurance for you will depend on your own personal goals for your life insurance coverage.

You want to decide what is it your life insurance will accomplish, what goal it will help you to achieve, before you choose a plan.

If you have a need for lifetime coverage, permanent life insurance can accomplish the goal.

If your life insurance goal is for 30 years or less, then a term life insurance plan can help, and save you a lot of money.

Term life insurance is temporary coverage for up to 30 years. It is not an investment, it is pure life insurance protection.

Term life insurance costs a lot less than permanent life insurance, which means you can afford a lot more life insurance coverage for your money.

Many people choose term life insurance because they have a limited budget, want to protect their growing family, provide money to pay off the mortgage, or they just need the most life insurance they can afford to replace the main bread-winners income.

If you have a need for life insurance that lasts longer than 30 years, such as, to pay for your funeral costs, then permanent life insurance may be a good idea.

However, by that time you may have enough money saved up to pay for your funeral - average funeral costs are around $7,500.

Here's how you can learn more about the best type of life insurance to buy.

Nicotine/cotinine test for life insurance?

I haven't smoke any cigarettes for 5 weeks.

In about 2 weeks I may have to take a nicotine/cotinine test to get life insurance policy.

Will I be able to pass the test for life insurance?

It depends on how much tobacco you use, how often, and how long it's been since you smoked last.

Unless you were a heavy smoker your cotinine should be at least that of a non-smoker by now.

After 5 weeks without smoking you may be clean from continine in your system.

That is unless they test your hair follicles, in which case it's according to how long your hair is.

Average hair grows a half inch every four weeks so if your hair is over 3/4th of an inch you might need a hair cut to remove any traces in your hair follicles.

The good news is hair testing is expensive and doesn't get done very often by life insurance companies. i

However, nicotine/continine can be tested from saliva, urine, blood, or hair, and the tests are harder to beat in that order.

Also, it's important to note that you should never lie on your application for life insurance because it may result in any claim being denied for your coverage.

In addition, there are life insurance plans available that offer up to $350,000 of life insurance without any health exam or smoker's test.

Here's how you can learn more about life insurance with no medical exam.

When does the decrease in term life insurance begin?

Not all term life insurance plans decrease the amount of coverage during the policy.

For instance, level term life insurance provides an amount of life insurance coverage that remains level throughout the term (duration) of the policy.

However, decreasing term life insurance has level premiums each year, but the amount of life insurance coverage provided by the policy decreases each year.

For instance, a $100,000 decreasing term life insurance policy may decrease in coverage amount by $10,000 each year until at the end of the 10 year term there is no coverage.

Learn more about decreasing term life insurance policies and how they work.

I want to get life insurance for my mom?

I support my mother financially because she has a medical problem and she can't work.

If I die or something happens she will end up on the street and I don't want that happen.

My mom doesn't have a retirement or anything I support my mom so she doesn't have anything to fall back on if I am no longer there for her to provide financial support to her.

Right now we live on $3,000 a month.

She is 33 years old by the way and I am 18 and work for the railroad.

First of all, if you want life insurance for when you die, the life insurance would be on you, not your mom. You would be the insured person on the life insurance policy and you would name your mother as the beneficiary, to receive the death benefit if you die.

Life insurance only pays out if you die.

Also, if you need t replace $3,000 a month income, which is $36,000 per year, you need enough life insurance invested at a conservative rate of return to provide interest that can replace the $36,000.

So, a 3.6% rate of return on $1,000,000 of life insurance death benefits would provide $36,000 per year in income.

You might be able to afford $1,000,000 of life insurance on yourself at 18 years of age for a 20 or 30 year level term life insurance policy, but the life insurance company has to approve that much coverage for someone with your annual income.

Here's how you can compare life insurance rates from several competitive life insurance companies to get an idea of how much your life insurance policy may cost.

What do Life insurance underwriting medical examinations test for when they do blood work, Aids and what else?

I want to buy a life insurance policy.

I was wondering what is it that life insurance companies test you for when they give you a medical exam and blood test?

What do they check for with the blood testing?

Life insurance companies may take a blood sample during the paramed exam to check you for several different things.

Some of the more common blood tests are for HIV/AIDS, STD's, cocaine, marijuana, THC, methamphetamine, diabetes, high cholesterol, tobacco, and any health problems.

Here is an article about life insurance blood tests that explains more in-dpeth about what life insurance companies check for with the blood testing, and how you may qualify for life insurance without any health exam or blood tests.