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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Why Would I Need Life Insurance For My Kids?

There many reasons parents choose to buy life insurance for their kids.

First, if you lose your child the policy would provide funds to help pay for your child's funeral and burial.

In addition, kid's life insurance plans can build up some cash inside the policy over the years which would allow for your child to take a loan if needed in he future.

And, there's guaranteed insurability for your child as an adult, so your child has the life insurance protection when they need it most, regardless of their health or occupation.

Child life insurance plans may also offer an option of increasing the amount of life insurance coverage when your child becomes an adult.

Child life insurance provides permanent life insurance at low rates your child can keep for their entire lifetime.

Here's how to get life insurance for your kids.

Does Divorce Affect Life Insurance?

Divorce does not automatically affect your life insurance coverage.

Unless the policy owner makes changes to the life insurance policy, either by choice or court order, the insurance policy will remain the same as before the divorce.

If you get divorced, a court order may require you to take out life insurance and name a specific person as the beneficiary; for example, naming your ex-spouse or child as beneficiary to guarantee that money will be provided for the financial security of your child should you pass away before the child becomes an adult.

That is why it is important to review your life insurance after a divorce, or your death benefit may go to the wrong person.

Upon getting a divorce you should review your life insurance needs, and update your beneficiaries listed on your life insurance policy.

Life Insurance Company Rankings

What are life insurance company rankings?

It's a way to measure which life insurance carriers.

There are several methods used for comparing the best life insurance companies.

One is to compare carriers based on their financial strength ratings. Those with the highest ratings from AM best (A++) would be ranked as the best insurance companies.

Other ways to rank life insurance carriers include rankings by total market capitalization, total number of individual life insurance policies issued for the previous year, or by quality of customer service.

Here is a list of several different life insurance company rankings for your comparison.

Does Term Life Insurance Have Any Cash Value?

No, a Term Life Insurance policy does not have any cash value.

Term life is considered pure death protection, in that its only function it to pay the death benefit from the life insurance policy if the insured person dies while the coverage is "In Force", before the term expires.

Term life is not designed to borrow from, and if you surrender a Term life insurance policy, there will be no cash paid back to you.

The only type of term life insurance that pays any money back is return premium term life insurance which returns most of the premiums paid if you outlive the term of your policy.

Is There Any Reason To Buy Whole Life Insurance?

People buy whole life insurance coverage for a number of reasons.

Just a few of the most common reasons to buy whole life insurance include the following:

1. You want to be sure that your life insurance policy is in effect at the time of your death.

2. You want a life insurance policy that will have cash value that you can borrow from if needed in the future.

3. You want to pay off your policy in a set number of years which you may be able to do with a whole life policy.

Learn how to buy whole life insurance.

Who offers Senior Life Insurance with No Exam?

When it comes to finding no exam life insurance for seniors you'll have several options to choose from including Colonial Penn, Mutual of Omaha, Globe Life and AARP/NewYork Life, among others.

Many senior life insurance plans have graded benefits that do not provide full coverage immediately. So make sure you find out when your full coverage begins - either immediately or after 2-3 hers of being insured.

Also, when comparing plans make sure you find out how ling your coverage is guaranteed, how long your rate is guaranteed to remain the same, and if the rate will ever increase.

Also, some carrier offer permanent life insurance for seniors, while other plans are temporary, prodding term life insurance for a set number of years.

Learn more about senior life insurance with no exam required.

How Do I Know How Much Life Insurance I Need?

To find out how much life insurance you need you can use a life insurance calculator.

You just answer some basic questions about your financial situation and your goals, and the calculator instantly gives you an accurate estimate of your personal life insurance needs.

Before buying your life insurance policy ,make sure you ask yourself - What do I want to accomplish with my life insurance?

Also, make sure to consider how much money you can afford to spend monthly on life insurance, an dhow many years you believe you will need life insurance protection to accomplish your goals.

What is the best life insurance company for seniors?

There is no one particular best life insurance company for all senior citizens because each insurer has their own set of pricing guidelines, as well as, the approval guidelines they use for accepting seniors for life insurance.

Some insurance companies may be more competitive on rates for seniors who smoke, are overweight, or have health issues, while other insurers may only want to insure seniors who do not smoke or have any chronic health ailments.

The best life insurance company for you will be the one that offers you the best price, best coverage, and pays a death claim upon your passing.

Some for he leading life insurance carriers for seniors include Colonial Penn, Mutual of Omaha, AARP/NewYork Life and Globe Life, among others.

It's important that you compare rates for life insurance from several insurance companies before choosing your plan because the life insurance can vary by insurer. Make sure you are comparing similar coverage.

Find out when your life insurance will begin with full coverage, how long your rate is guaranteed to remain level, how long you have coverage, and what exclusions may apply to your policy.

Here's how to find the best life insurance for seniors.

Can I get whole life insurance quotes with no medical exam?

Yes, you can get whole life insurance quotes online without any medical exams required.

Two types of no exam whole life insurance plans include the following:

1. Simplified Issue Whole Life Insurance no exam coverage that offers up to $400,000 of whole life protection with only one premium payment.

2. Guaranteed Issue Whole Life Insurance that offers up to $20,000 of permanent life insurance with no exam and no health questions. If you meet the age requirements you cannot be turned down for coverage.

Here's how you can learn more and get whole life insurance quotes with no medical exam.

Why does life insurance test your blood?

When you apply for a life insurance policy the life insurance company may require that you take a medical exam which is paid for by them.

The exam helps the insurance company to determine your health and how long you are expected to live based on your health information and test results, which may include testing your blood for any health problems.

The insurance company may want to check your blood for diabetes, high cholesterol, high protein levels, STD's, prescription drugs, and any illegal drugs which may include marijuana, cocaine, and methamphetamine, among other things.

However, there are life insurance plans that do not require any medical exams r testing of your blood.

Learn more about life insurance blood tests and what they look for.