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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What Happens If I Miss A Life Insurance Payment?

If you miss a life insurance premium payment, the first thing to do is call your life insurance company.

You can find out what happened to correct that, and they will tell you a way to get payment to them most quickly so you keep your life insurance coverage "In Force".

You may want to switch your method of paying your premiums to automatic withdrawal from your checking account to prevent a missed payment from happening in the future.

Your Life Insurance policy will have the specifics of the "Grace Period" that provides a cushion for you when you miss a payment. Look for the section in your life insurance policy that refers to "Grace Period" for more information on how the insurance company handles the grace period for missed payments.

Life Insurance companies usually want you to keep you life insurance policy. Their Grace Period is usually 30 to 60 days depending on the life insurance policy and the company.

Here's how you can learn what happens if you have a Lapsed Life Insurance Policy and what to do.

Who Has The Most Affordable Term Life Insurance?

When it comes to finding the most affordable term life insurance coverage there are several approaches you may take to compare rates and find the lowest priced policy.

1. You can contact a local life insurance agent, but if the agent represents only one insurance company you will only be given rates for that insurer.

2. You could contact individual life insurance carriers and request a quote from each of them.

3. Or, you could contact a life insurance broker which has access to a large network of high;y-rated, competitive insurance companies who can give you instant quote comparisons for term life insurance to help you quickly and easily find the most affordable term life insurance.

If you would prefer option #3, here's how you can learn more about an affordable term life insurance broker and compare instant term life insurance rates online now, without any delays or hassles.

Turned Down for Senior Life Insurance?

Are you a senior that's been turned down for life insurance?

If so, you may still be able to buy life insurance coverage.

In fact, MetLife offers seniors guaranteed issue life insurance protection for the rest of your life.

With MetLife you can buy up to $20,000 of permanent life insurance with no health exams and no questions about your health.

And, if you're age 45 to 75 you cannot be turned down due to your health.

You can get an instant quote and apply online for your senior life insurance policy today.

MetLife is a name you can trust to provide you with quality life insurance protection.

Request your free MetLife final expense life insurance quote online now.

Why Is Life Insurance Cheaper For Women?

On average, women have a longer life expectancy than men.

The longer a person is expected to live, the less the life insurance rate will be based on a level premium paid for your entire lifetime.

That means the insurer receives more premium payments for a longer number of years before paying out a death claim on a life insurance policy.

Life insurance companies start with average rates based on a person's gender, age and tobacco use and then underwrite individually based on risk factors including lifestyle, family health history, driving record and other risk factors to come up with a price based on those rates which may be better than average (preferred) or below average (substandard or rated).

The younger and healthier you are when buying life insurance, the lower your rate.

Basically, women tend to outlive men on average so their rate for the same type and amount of life insurance is lower.

Here's how you can compare life insurance rates online from several leading life insurance companies.

How Much Does Life Insurance Cost Monthly?

The cost of a life insurance policy per month will vary by the life insurance company you purchase coverage from and the amount of life insurance you buy; as well as, the type of life insurance policy.

In addition, your rate per $1,000 of life insurance will vary based on several personal risk factors affecting your cost. These risk factors help the life insurance company determine your longevity - how long you are expected to live.

The most common risk factors used by life insurers to determine your rate include your age, gender, health, family health history, lifestyle, tobacco use, occupation, hobbies, driving record, height-to-weight ratio, etc.

The younger and healthier you are when you buy life insurance, the lower your rate.

In addition, the lower the amount of life insurance, the lower your rate.

Also, term life costs a lot less than permanent life insurance for period of 30 years of less of coverage.

Here's how to find out how much does life insurance cost per month?

Which Is Cheaper Term Or Whole Life Insurance?

For a period of 30 years or less, a term life insurance policy with level rates would be cheaper than a permanent life insurance policy.

However, if you need life insurance for a longer period of time a term life insurance plan may become unaffordable because the rate would increase with the new renewal after your original term of 10, 15, 20 or 30 years; whereas, a permanent life insurance policy has level premiums for your entire lifetime.

So, life insurance is cheaper with term life coverage for 30 years or less, and more affordable with permanent life insurance if you need guaranteed lifetime protection.

Affordable Life Insurance No Exam

Is it possible to get an affordable life insurance policy without taking any health exams?

Yes, in fact some no exam life insurance policies are competitive with life insurance plans that do require you to take a health exam to qualify.

And, some no exam plans start as low as just 10% more than medical exam life insurance policies.

Also, with no exam life insurance you may start your life insurance coverage right say, instead of having to wait 4-6 weeks to go through the underwriting process and taking a medical exam, waiting for the lab results and finding out if you qualify to buy the life insurance.

Here's how you can compare affordable life insurance no exam plans online today without any hassles or delays.

When Was The First Life Insurance Policy Issued?

The oldest life insurance policy for which there is surviving evidence was taken out on William Gybbon on June 18, 1583, in London.

Mr. Gybbon was a salter of fish and meat for the city of London.

He bought a one year life insurance policy from Alderman Richard Martin and passed away before the end of the year.

At first the insurance company refused to pay the death claim, but after some legal wrangling, Martin won.

Does Family History Affect Life Insurance?

Some life insurance companies consider the health history of an applicant's parents and siblings for the preferred or higher rating classifications when it comes to the rate you pay for your life insurance, while other insurance companies only consider your parents health history.

In addition, some life insurance companies look at diabetes, cancer, heart disease, and other chronic health conditions, while other insurers only look at family history of heart disease.

One ore more relatives passing from one of the considered health conditions before a certain age (usually 60 or 65) will usually have more of an impact than one or more of the relatives having that condition but surviving beyond age 60 or 65.

Some life insurance companies will disregard family history if the applicant has outlived the parent who passed away from that specific health condition.

Learn about life insurance for high risk people.

Term Life Insurance for Seniors

Can seniors buy a term life insurance policy.

Yes, in fact it may be easier for seniors to get term life insurance compared to permanent life insurance.

Although some senior life insurance plans offer no exams and guaranteed acceptance, those plans usually have graded benefits the first 2 years you are insured.

Whereas, senior term life insurance policies may offer no exams and immediate full coverage from the first day you are insured.

However, your choice of "term" may be limited to 5, 10, 15, or 20 years of term life insurance depending on your age and health.

The longer your term, the higher your rate for coverage.

Here's how you can learn more about term life insurance for seniors and request your free, instant life insurance quotes online today.