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Review a list of the top 10 life insurance companies.
The cost of a life insurance policy depends on your age, lifestyle habits, tobacco use and marital status, among other risk factors.
It is hard to determine without these specifics.
Additionally, any features that you would like on your life insurance policy would effect the price.
The type and amount of life insurance will impact the price of your policy, as well as, your life expectancy and your gender.
You can compare the best prices on life insurance by requesting a free quote for life insurance on the internet. This will provide you with a comparison of the lowest prices on life insurance from a network of highly-rated insurance companies.
Usually, a person can get life insurance if they are between 18 and 80 years old.
Depending on what state you live in, you can get life insurance as young as newborns and up to age 95.
However, if you have health issues, you may only qualify to buy a guaranteed approval life insurance plan.
So, it depends on your age and health as to what life insurance you may qualify to buy and how much coverage you can purchase.
What is credit life insurance for mortgages?
It's a type of life insurance policy your lender may require when you get a mortgage loan for your home.
Mortgage credit life protects the lender in case you pass away before you pay off the mortgage.
The lender would be beneficiary and receive the benefit from your credit life insurance policy upon your death.
There are different types of policies you can purchase to protect your home mortgage loan, including credit life insurance and term life insurance.
Yes, smokers can get life insurance, but the cost of coverage will vary based on your age, health, and the type and amount of life insurance you need.
However, people with serious health issues including COPD, emphysema or on oxygen, may only be able to purchase a guaranteed issue life insurance plan that does not provide full coverage until you have been insured by the policy for at least 2 years.
Guaranteed renewability is one key feature to consider when buying a term life policy.
Most term life insurance policies offer guaranteed renewability, which gives you the right to continue your life insurance coverage beyond the initial rate guarantee period without taking any medical exam.
This feature can become very important to your family should you become sick and uninsurable during your initial term life insurance rate guarantee period.
So, if you need your life insurance longer than your initial term you can renew coverage for another term usually up to 10 years, without having to take a health exam to qualify for the renewal policy.
Learn more about renewable term life insurance coverage.
Yes, affordable term life plans are available on the internet.
Term life insurance coverage has become very popular with consumers in recent years because life insurance premiums for new policyholders have dropped to all-time lows.
Most insurance companies allow you to pay on a monthly, quarterly, semi annual or annual basis, so the flexibility definitely makes term life insurance even easier to afford.
And, since coverage is temporary, lasting for 30 years or less, it costs much less than a permanent life insurance policy.
You can choose coverage for a term of 10, 15, 20 or 30 years. The shorter your term for coverage, the lower your premium.
Here's how you can compare affordable term life insurance quotes online.
Can I buy whole life insurance without any health exam needed?
Yes, in fact, there are no exam whole life insurance plans with no health questions asked and guaranteed approval for people ages 45 to 85.
You cannot be denied coverage dues to any health problems.
However, there are graded benefits the first two years you are insured.
You can purchase up to $25,000 of whole life coverage without taking an exam.
For individual life insurance you will be classified based on your height, weight, nicotine use, and other health risk factors.
Your health status will determine what rate class category you fit in, so even if you have some health problems, you could be accepted for life insurance.
There is no public list of factors available; however, your life insurance agent should explain what criteria determine the class into which you fall for rating and pricing your life insurance policy.
Here are some life insurance medical exam tips for help you prepare.
Mortgage life insurance is a type of temporary life insurance plan that provides coverage for the duration of your loan on your home.
Mortgage life insurance pays out a death benefit to your beneficiary upon your death. The proceeds may be sued to pay off the remaining balance on your home loan.
That way, your family will have the money needed to stay in the home they shared with you.
Mortgage insurance may be available for a duration of 10, 15, 20 or 30 years.
Mortgage insurance protects your loved ones and your home, and provides you with peace of mind.
Can I get life insurance without taking a physical exam?
Yes, actually there are several types of no exam life insurance policies that may be available to you depending on your age and health.
However, some insurers offer up to $1,000,000 of no exam life insurance coverage which you can purchase online starting today, if you qualify.
Although there is no exam required, you will have to answer some questions about your health and coverage may be limited to people ages 65 and under.