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.

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How Do Life Insurance Policies Work - Do They Cancel Each Other Out?

No, life insurance policies do not cancel each other out.

Upon your death (assuming you have paid all the necessary insurance premiums), both life insurance policies will pay out a death benefit to the beneficiaries named in your policies.

A person could have multiple life insurance policies.

However, life insurers will become suspicious if you are buying several life insurance policies without showing the need for them.

What happens when term life insurance expires?

Some life insurance companies give you the option to extend the term coverage at a locked in rate or lower face amount of term insurance.

If so, your life insurance contract will have that in writing.

Most insurance companies allow you to extend the life insurance coverage to a set age, at a much higher rate that can go up annually.

This information, too, would be written right into your life insurance policy. If you no longer have your policy, you can call the life insurance company to request a copy.

Keep in mind that converting your term life insurance policy to a permanent life insurance policy almost always needs to be done before the term ends.

If you have questions about your life insurance policy make sure you contact your life insurance agent or your life insurance company.

Where to Buy Life Insurance?

Where can I buy a life insurance policy?

If you need life insurance coverage you have several options to choose form in order to get covered.

Here's a few options you can choose form:

1. Group Life Insurance provided by your employer.

2. Local Life Insurance Agents.

3. Contact Life Insurance Companies Direct by Phone.

4. Visit a Life Insurance Website with access to a network of highly-rated life insurance companies.

Continue reading "Where to Buy Life Insurance?"

Can a Life Insurance Policy Be Cancelled?

Yes, a life insurance policy can be cancelled.

Besides the insurance company that sold the life insurance policy, there is only one person that can cancel a life insurance policy, and that is the owner of the policy.

No one can call in and cancel a life insurance policy without the policy owner's consent.

In addition, the insurance company can cancel a life insurance policy for several reasons, such as non-payment of premiums due or failure to renew the life insurance policy when required.

However, the insurance company cannot cancel a policy just because the insured person's health got worse, or because they want to get rid of a group of life insurance policies.

Learn more about life insurance.

If You Died How Much Money Would Your Family Need?

There are many variables that affect your life insurance needs.

A good starting point is to take your age, your spouse’s age and your children’s age into account and then ask yourself some of the following questions:

How much short and long-term debt do I have?

Do I need to pay for college?

How much annual income will my family need if I pass away, and for how many years?

Do I have existing assets to help me meet these needs?

These and other questions can help give you a start on understanding how much life insurance you might need to provide financial security for your family's future.

Use this life insurance calculator to help you figure out how much life insurance you should buy.

Can I get a 20 year Term Life Insurance without Physical Exam?

Yes, there are life insurance plans online that offer consumers 20 years of term life insurance coverage without having to take a physical examination.

These are simplified issue term life insurance policies which means there's no exam needed, just some health questions for you to answer.

The insurer considered your answers to the health questions in order to determine ion you qualify for the life insurance plan.

However, your age and health will impact your approval for coverage with no exam.

And, the amount of coverage available without an exam may be limited.

However, some insurers offer up to $500,000 or more of life insurance without any exam for healthy individuals.

Learn more about term life insurance without physical exam.

Can I Get Temporary Life Insurance Coverage?

Yes, there are life insurance policies that provide you with temporary coverage for a set period of time.

It's called "term life insurance" and it offers life insurance for a specific duration of time, from 10 to 30 years.

The duration of your life insurance policy is called the "term".

You may choose a term of 10, 15, 20 or 30 years from life insurance carriers offering term insurance coverage.

The shorter the duration of your coverage, the lower your annual cost of coverage.

However, if you outlive the term of your life insurance, your coverage ends with no payout from your policy.

Learn more about temporary life insurance protection and how it works.

Can I Get Life Insurance Direct?

Is it possible to purchase a life insurance policy direct online?

Yes, there are insurers that offer the ability for you to buy your life insurance policy direct online.

In fact, one A++ rated life insurer offers up to $1.,000,000 of affordable life insurance.

You can request a price quote, apply online and start your life insurance right away, if you qualify for coverage.

There are some health questions for you to answer, and some people may need to take an exam, but you may be able to start your life insurance the same day.

Learn how to get life insurance direct online.

Life Insurance at Age 80?

Can someone age 80 get life insurance coverage?

Yes, there are life insurance plans for people age 80 and over.

In fact, one leading life insurance carrier offer life insurance with guaranteed approval for people ages 45 to 85.

You can select up to $25,000 of coverage and there's no exam or health questions asked.

However, your coverage is limited the first two years you are insured - that's how they can guarantee your acceptance for a policy.

Learn more about life insurance at age 80 and how you can request a free price quote today.

What is the Cost of Term Insurance per Thousand Dollars of Coverage?

How much does it cost per $1,000 of term life insurance protection?

Your cost per $1,000 of term insurance depends on the length of your term and the amount of coverage. The longer your term (10,15, 20 or 30 years), the higher your cost.

In addition, your gender, age and health impact the cost per thousand of term life coverage.

Other risk factors considered include your occupation, hobbies, lifestyle, driving record, height-to-weight ratio and tobacco use, among other things.

The younger and healthier you are, the lower your cost of term insurance.

Here's how you can compare term insurance rates from leading insurers to help you find the most affordable plan.


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