Term Life Insurance Blog

Can A Life Insurance Claim Be Denied?

Usually, a claim on a life insurance policy will be paid upon presentation the the life insurance company of proof of death (original death certificate) and a completed claim form. However, in some situations a claim could be denied, depending on circumstances.

A claim within the first 2 years you are insured under the life insurance policy could be denied for a material misrepresentation of fact.

A material misrepresentation of fact basically means you did not tell or disclose the truth on something that would have changed an underwriting decision as to whether you were approved or declined for your life insurance policy.

Suicide within the first 2 years or last reinstatement would also cause a claim to be denied, (there is a one year suicide exclusion in some states).

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.