Term Life Insurance Blog

How long does term life insurance last?

Wed, 22 Feb 2012 13:49:06 GMT

Term life insurance lasts for a set period of time, usually up to 30 years or less. You may choose a term of 10, 15, 20 or 30 years for premiums and coverage to stay level. However, the term life insurance coverage may last until you reach age 65 or 70, depending on the term life policy. Term life insurance is considered temporary life insurance, compared to permanent life insurance, which provides lifetime coverage. Here's how you can learn more about how term life insurance works and compare term life insurance rates and plans online among several leading insurers.

Which Insurance Companies offer Life Insurance protection for people older than 60 years?

Tue, 21 Feb 2012 14:29:55 GMT

My father is over 60 and he is planning to buy life insurance. There are several highly-rated insurance companies that may offer affordable life insurance coverage for someone over age 60. However, whether or not your father qualifies will depend on his age, health and several other factors, including his occupation, hobbies, if he smokes, driving record, credit history, height-to-weight ratio, etc. Basically, the longer your father's life expectancy, the better the lower the rate he may qualify for on his life insurance. But, it also depends on the insurance company, and the type and and amount of life insurance your father wants. One way to find the most affordable plan is to compare over 60 life insurance plans and rates online among several leading insurance companies. You can do this by visiting a life insurance quote provider online that has access to a large network of highly-rated insurance companies. That way, you can get an idea of which insurers may offer the most competitive plans for your father. Here's how you can learn more about life insurance for people over 60.

When must insurable interest exist for life insurance?

Mon, 20 Feb 2012 14:06:33 GMT

In order to buy life insurance on another person their must exist insurable interest between you and the person you want to insure for life insurance. Insurable interest basically means you stand to lose financially if the person you insure dies. For instance, anyone who relies on you for financial support may have an insurable interest in you. In addition, there does exist insurable interest between spouses, parents and their children, family members, and business partners, among others. Here's an article that provides more information explaining what is insurable interest and how it works. If you do have insurable interest in another person you may be able to buy life insurance on that person with their permission and signature.

How much amount of life insurance can I get?

Sun, 19 Feb 2012 14:47:15 GMT

Does it depend on my income, profession, social status etc? Or, can I buy any amount from single/different insurance companies? Yes, the amount of life insurance you can buy may depend on your annual income. The more you make, the more life insurance you may be able to qualify to buy. Also, you may be able to buy life insurance policies from more than one life insurance company. However, the application for life insurance usually asks about other life insurance you own. You must state how much life insurance you already have so the insurance company can determine how much to offer you, so you aren't over-insured. Buy, many life insurance companies may allow you to purchase up to 10 or 15 times your annual income, maybe more. Here's a life insurance calculator you can use to determine your life insurance needs.

Best No Exam Life Insurance?

Sat, 18 Feb 2012 14:43:52 GMT

What is the best no exam life insurance and how can I compare plans? The best life insurance policy with no exam is the one that meets your needs and fits your budget. Some no exam life insurance policies offer a small amount of coverage and others may provide up to $300,000 without you being required to take a physical exam to qualify. However, which plan you qualify for will depend on your age, health, and the insurance company's guidelines for approval. There are several insurance companies that offer no exam life insurance, including Fidelity Life, Globe Life, Garden State Life, Gerber, Colonial Penn, and Mutual of Omaha, among others. When comparing plans make sure you understand how the coverage works, how long it lasts, how long your rate is guaranteed to remain the same, and how much you will pay each year throughout the life of your plan. Here's how you can learn more and compare some of the best no exam life insurance plans online.

How much life insurance should I have?

Fri, 17 Feb 2012 14:05:06 GMT

My husband and I will probably get life insurance soon, I don't really contribute financially to the household so my husband will be fine financially if I pass away. What would my husband need if I'm gone, what kind of expenses are there other than funeral expenses that I'm not thinking of? If you pass away, there are costs for daycare for the kids, and cleaning and taking care of the home. Also, the cost of raising and putting the kids through school, paying off the mortgage, and what ever other goals you want your life insurance plan to accomplish. As for your husband, you need enough life insurance so that you can invest the money and replace your husband's income, as well as, provide money for your retirement and the living expenses. Also, enough money to pay off any debts, such as, car loans and credit cards. Here's a life insurance calculator you can use to quickly and easily determine how much life insurance you need to properly protect your family.

What options are availaible to me for life insurance for my father who has pre existing conditions?

Thu, 16 Feb 2012 14:09:06 GMT

It really depends on what health issues your father has and which life insurance company you go to for coverage. Some pre-existing conditions may be acceptable to life insurance companies, buy they may charge a higher rate. However, other insurers may decline your father for life insurance depending on his health and age. You can go to a licensed life insurance broker with access to high risk life insurance companies to find out which insurers may offer life insurance to your father. Or, you could check online by requesting free life insurance quotes from a life insurance quote provider with access to a large network of insurance companies. If your father is turned down for coverage, you may want to consider a graded benefit life insurance plan, or guaranteed acceptance life insurance. These plans usually offer a small amount of life insurance with high premiums and no medical exam required. Another option is to just put money into a savings account each month so the money is available for your father's final expenses.

How do I go about getting life insurance when I do not like dealing with salespeople?

Wed, 15 Feb 2012 14:19:30 GMT

You may want to consider buying life insurance online. There are life insurance providers on the internet that offer a variety of life insurance coverage through a network of highly-rated life insurance companies. For instance, Efinancial is a life insurance broker that has access to a large network of insurers. You can visit their site and request free quotes to compare rates on term life insurance to help you find the most affordable plan that meets your needs. Also, you can talk to one of their licensed representatives on the phone to help you better understand your options and they can send you the application for life insurance coverage and walk you through the process of getting your life insurance plan started. Here's how you can compare life insurance quotes online today.

Is there a limit on life insurance you can purchase on you?

Tue, 14 Feb 2012 16:18:49 GMT

No, it really depends on the insurance company, though. Some life insurance carriers may limit the amount of life insurance you can buy to 20 times your annual income. In addition, on the life insurance application, they ask how much life insurance you already own. The insurance company doesn't want you to be over-insured, which may lead to the possibility of paying a claim due to suicide. Suicide is excluded usually the first 2 years you own a life insurance policy, but in some states like Colorado, it is only a one year exclusion for suicide. You can determine how much life insurance you need by using a life insurance calculator which asks you some basic questions and gives you an instant estimate of your life insurance needs.

What are the disadvantages of a renewable term life insurance?

Mon, 13 Feb 2012 14:26:31 GMT

There are several advantages to buying renewable term life insurance; however, the only disadvantage may be that it costs a little more than term life insurance that does not provide the option of renewability. Renewable term life insurance allows you to renew your current term life insurance policy for another term, for example, another 10 year period. And, you do not have to take a physical exam at renewal in order to qualify for the new policy. Your life insurance rate at renewal is based on your age at that time, and your health will not affect your rate for coverage. Here's how you can learn more about renewable term life insurance and how it works.

What company provides cheap life insurance?

Sun, 12 Feb 2012 14:22:09 GMT

That depends on your own personal risk factors for life insurance. However, some life insurance companies offer more competitive rates for healthy individuals, such as, Metlife, Prudential, Northwestern Mutual, West Coast Life, among others. Your personal risk factors will impact your rate for life insurance. The risk factors usually include your age, gender, health, family health history, height-to-weight ratio, occupation, hobbies, if you smoke or not, credit history, etc. That's why it's important to compare life insurance rates among several highly-rated insurance companies in order to find the most affordable plans and carriers before choosing your life insurance company. Also, term life insurance is much cheaper than permanent life insurance, because it provides temporary protection for up to 30 years, or until you reach age 65 or 70, usually. The shorter your term, or length of coverage, the lower the premium for your policy. Here's how you can compare term life insurance quotes online and find the most affordable plan.

Does life insurance pay if insured dies 10 months after effective date?

Sat, 11 Feb 2012 14:51:47 GMT

Yes, a life insurance policy will pay out a death benefit if the insured person dies 10 months after the effective date of the life insurance plan. However, the life insurance company will review the policy to check all exclusions that may apply. For instance, suicide occurring within 2 years of buying a life insurance policy may be excluded, one year on some states like Colorado. Also, depending on the type of life insurance policy the payment may be limited. For instance, a graded life insurance plan may not pay the death benefit if the insured person dies within the first 2 years of owning the life insurance policy. In this instance, the payment would be a return of premiums paid including some interest paid on the premiums. But, if the insured person owned a regular life insurance plan and there were no exclusions that applied to the death of the insured, the full death benefit may be paid out to the beneficiary of the life insurance policy of the insured dies 10 months after the life insurance policy becomes effective.

What life insurance is best for a husband and wife who are newly pregnant?

Fri, 10 Feb 2012 14:35:29 GMT

The best life insurance for a new family is the plan that meets your life insurance needs and fits your budget. You may want to consider how long you need life insurance, how much coverage will meet your needs, what you can afford to pay, and what type of life insurance is right for you. Also, consider buying life insurance for you and your spouse if you rely on each other for financial support. A husband would be able to get life insurance if healthy, but a pregnant wife would have to wait until after childbirth, as many insurers may not insure a woman who is currently pregnant when applying for life insurance. If you are planning on having more than 1 child, you may want life insurance for at least 20 to 30 years, until the children are grown. A 30 year term life insurance can provide the most life insurance protection at the lowest price. In addition, a separate whole life insurance plan can provide the lifetime coverage you need to pay for final expenses. Here's how you can learn about finding low cost family life insurance and compare plans online.

Why Choose Renewable Term Life Insurance?

Thu, 09 Feb 2012 14:34:20 GMT

Term life insurance provides you with life insurance for a set period of time. If you outlive the term, or duration, of your life insurance policy, the life insurance coverage ends. However, if you still need life insurance, you will need to apply for another life insurance policy when your term life plan expires. But, if you include the option to renew when you buy your term life plan, you can renew your expiring term life insurance policy for another term without having to take any physical examination to qualify. Your premium for the renewed term life insurance policy will be based on your age at that time, but you cannot be rejected for coverage based on your health, and your health will not affect your premium at renewal. Here's how you can learn more about renewable term life insurance.

Where to get a life insurance cost comparison?

Wed, 08 Feb 2012 14:18:40 GMT

There are a few ways to get life insurance cost comparisons to help you find the lowest price for life insurance coverage. 1. You could call up life insurance companies direct and request life insurance quotes. 2. Or, you could contact a local licensed life insurance agent to help you request and compare life insurance rates from multiple insurers. 3. Another option is to visit a life insurance quote provider online and fill out a quote request form. Then, you receive up to 12 of the lowest quotes for life insurance from a large network of leading life insurance companies. When comparing life insurance rates make sure you consider the pricing, rate guarantee, financial rating of the insurer, and if the coverage remains level (the same) throughout the life of your life insurance policy. Here's how you can learn more about getting a life insurance cost comparison online.

What does the term life plan mean?

Tue, 07 Feb 2012 14:48:20 GMT

Term life insurance plan mans a type of life insurance policy that provides coverage for a set period of time. Term life is temporary life insurance coverage, as opposed to permanent life insurance, which is lifetime life insurance coverage. A term life plan usually lasts for a period of 1-20 years, or until you reach a certain age, for instance, age 65 or 70. If you outlive the term or duration of your term life plan, your life insurance coverage expires. If you die while your term life plan is "In Force", your beneficiary would receive the death benefit, subject to any exclusions in your life insurance policy. Term life costs a lot less than permanent life insurance because it provides temporary life insurance. Here's how you can learn more about term life plans and how they work.

What is the best site to buy online non-med term life insurance?

Mon, 06 Feb 2012 16:11:55 GMT

When it comes to buying non-med life insurance, whether or not you qualify will determine if you can buy a policy. The qualifying factors for non-med life insurance usually include your age and health, and the amount of life insurance needed. If you are under 50 and in good health you may be able to qualify for up to $300,000 of term life insurance without a medical exam. You will however have to answer some health questions to determine of you qualify for life insurance with no exam. If you qualify, you may be able to start your life insurance policy the same day you apply for coverage. Here's how you can learn more about term life insurance with no exam required and request your free quote online.

If life insurance policy expired 3 days before the person's death, could we seek compensation?

Sun, 05 Feb 2012 15:21:08 GMT

It depends on what you mean by the policy expired. If the term ended three days before death of the insured person, there's absolutely nothing you can do. If you had a premium payment due, and didn't pay it by the due date, three days before death, there's usually a 30 day grace period, and you can probably make your payment, and be covered by the life insurance policy. If the grace period ended, three days before death of the insured person, and you didn't make the premium payment, there's nothing you can do - there would be no life insurance coverage. However, you may want to contact your life insurance agent and the life insurance company to request a review of the claim and a written explanation as to how the claim is handled, and why.

Do you have to pay tax on a life insurance payout?

Sat, 04 Feb 2012 14:52:26 GMT

If you are a beneficiary of a life insurance policy and receive a death benefit payout, there is usually no federal income tax paid on the proceeds. However, if the estate of the insured is the beneficiary, there may be estate taxes to be paid on the proceeds from a life insurance policy. However, you should review your tax situation with a professional tax advisor or financial advisor before you do your taxes. Here's an article explaining life insurance taxes and how life insurance proceeds may be taxed.

Can you purchase life insurance on family members?

Fri, 03 Feb 2012 14:39:16 GMT

Yes, you can purchase life insurance on family members. However, you need their consent and permission, also, they may be required to sign the application and perhaps take a physical exam, or answer some health questions. But, parents can take out life insurance on their children without consent, because the children are minors. There must exist insurable interest between the insured and the owner of the life insurance policy in order for one person to take out life insurance on another person. That means, the owner may stand to lose financially if the insured person dies. There does exist insurable interest between spouses, siblings, parents and their children, relatives, and business partners, among others. Here's an article explaining what is insurable interest and how does it work?

Is there income tax on life insurance payouts?

Thu, 02 Feb 2012 14:43:23 GMT

If I die, does my wife have to pay income tax on the life insurance money? If your wife is listed as the primary beneficiary to your life insurance, should would receive the death benefit if you died, subject to any exclusions in the life insurance policy. Usually, the death benefit is paid out to the individual named as beneficiary, with no federal income tax taken out. However, if the death benefit goes to the estate of the insured person, there may be estate taxes to be paid on the proceeds from the life insurance policy. However, you should review all tax questions regarding proceeds received from a life insurance policy with your tax professional or financial advisor.

What is 20 Year Fixed Term Insurance?

Wed, 01 Feb 2012 15:31:56 GMT

A 20 year fixed term insurance plan is temporary life insurance providing protection for a period of 20 years. This type of policy may be referred to as a 20 year level term life insurance plan where the coverage remains the same each year throughout the 20 year period, and the premiums stay the same as well. One thing to consider with 20 year term insurance is the option to renew the policy. This option costs more, but allows you to renew the policy for another term when the coverage expires, without having to take a physical exam to qualify. The renewal premium is based on your age at renewal, not your health. Here's how you can learn more about 20 year fixed term insurance and request a free quote today.

Best life insurance?

Tue, 31 Jan 2012 14:48:50 GMT

The best life insurance is the type of life insurance that meets your needs. Ask yourself what are you trying to accomplish with your life insurance plan? Then select the life insurance that best meets your needs and accomplishes your goals for life insurance. Term and whole life are two different types of life insurance available. Term life insurance offers coverage for up to 30 years, usually, and costs a lot less than whole life insurance which provides lifetime protection. Some people choose to buy a term policy and a whole life policy to meet both heir short and long-term life insurance needs. Here's an article that compares term life insurance vs permanent life insurance to help you better understand your options.

Will term life insurance payout for alcohol related accidents?

Mon, 30 Jan 2012 14:28:36 GMT

Term life insurance plans pay out a death benefit subject to the terms and exclusions within your life insurance policy. If you are insured by a term life policy and you die as a result of an alcohol related accident, the death benefit would be paid out to the beneficiary that is listed in your life insurance policy. However, the payment of any death benefit would be subject to any exclusions in your life insurance policy. Also, there is a two year contestability period which means if you die within the first two years of owning the life insurance the insurance company can contest payment of a claim. And, if you lied or concealed any material facts that would have affected you being approved for life insurance, the claim may be denied. But, death resulting from a accident should normally be covered by a term life insurance policy.

What do life insurance companies test for?

Sat, 28 Jan 2012 14:38:44 GMT

If you are applying for a life insurance policy, the life insurance company may require you to take a paramed exam or a full physical examination. These requirements may depend on your age, the amount of life insurance being requested, your answers to the health questions on the application, and the insurance company guidelines for underwriting. Usually, life insurance companies will test you for HIV, illigal drugs, cholestrerol and protein levels, STD's, diabetes, nicotine, infection, blood cell count, and other health issues that may affect your health and longevity. In order to be prepared for your exam, you may want to review more information about the life insurance medical exam and review tips for taking your exam. In addition, there are even insurance companies that offer life insurance without having to take any medical exam.

When original beneficiary has died how do I change the beneficiaries?

Fri, 27 Jan 2012 14:02:40 GMT

In order to change the beneficiary on your life insurance policy you will need to request a change of beneficiary form form the life insurance company. To do so, just call the life insurance company and request the form - they will mail it to you. You just fill out the change of beneficiary form and mail it back to the life insurance company. They will use the date you sent the form as the date of change of beneficiary. Upon receiving the change of beneficiary form, the life insurance company will issue a new beneficiary page and send it to you through the mail. Also, if you have a secondary beneficiary listed, that would be the new primary beneficiary, until the revised beneficiary is issued.

Why don't life insurance policies cover suicides?

Thu, 26 Jan 2012 14:36:05 GMT

Life insurance is not for the insurance person who dies, it's for the people that are left behind, who receive the death benefit from the life insurance policy. Most life insurance policies do cover suicide, after the contestable period. If the suicide occurs more than 2 years after the life insurance policy was purchased, there should be coverage and a claim paid out on the policy. There is a one year suicide exclusion in some states like Colorado. Why don't life insurance policies cover suicide right away? Adverse selection. If the life insurance companies paid for suicide occurring right away after purchase of the policy, they'd go broke because people who planned on committing suicide soon would buy life insurance to leave the money to their families.

What Should you Do with your husbands life insurance money?

Wed, 25 Jan 2012 15:08:56 GMT

If your husband had a life insurance policy naming you as the primary beneficiary, you would receive the death benefit, subject to any exclusions in the policy. The money is usually paid free from any federal income tax, to the individual named as beneficiary in the life insurance policy. You as beneficiary can use the money received for any reason you wish. You may; however, want to pay for the funeral and final expenses, and pay off any debt you have, as well as, put money aside for your child's education, retirement, and to help pay for living expenses, as well as, pay off the mortgage, depending on how much money you receive from the life insurance.

Life Insurance No Health Questions?

Tue, 24 Jan 2012 14:37:50 GMT

Is it possible to buy life insurance with no health questions? Yes, there are life insurance plans that offer coverage without any health questions. Some may offer a small amount of life insurance with no or only a few health questions. These are usually called guaranteed acceptance life insurance plans. Other plans offering coverage with no health questions are accidental death insurance plans which may provide up to $1,000,000 of life insurance with no health exam and no health questions. However, these plans only pay out a death benefit if you die resulting from a covered type of loss. Some causes of death may be excluded, and you usually must die from an accident within 60 days or less of the date the accident occurred. However, this depends on the policy. Some people buy this type of life insurance to provide added coverage in addition to their existing life insurance. While others may have a high risk occupation or hobby and want the extra protection in case of an accident. Here's how you can learn more about life insurance no health questions asked.

Does life insurance have to be used to pay deceased medical bills?

Mon, 23 Jan 2012 14:59:22 GMT

Life insurance benefits are paid out to the beneficiary of the life insurance policy. Usually, the death benefit is paid free from federal income tax to the beneficiary of the policy. The beneficiary can use the money for any reason they choose to, including but not limited to paying for the final expenses, medical bills, or any other reason. The beneficiary is not required to use the life insurance death benefit to pay the medical bills of the deceased. Here's how you can learn more about the beneficiary of a life insurance policy.

Life Insurance what to look for?

Sun, 22 Jan 2012 15:07:50 GMT

If you are looking to buy a life insurance policy you may want to consider the following before choosing a plan. First, think about your goal for your life insurance - what do you want your life insurance policy to accomplish? Then, consider how long you need life insurance, how much coverage is needed, what you can afford to pay, and think about life insurance for you and your spouse. When comparing plans and carriers, review the financial strength rating of the insurers. The higher the rating the better, since the rating is an indication of the insurer's ability to meet their financial obligations - and pay their claims. Also, meet with an insurance agent to review your options and answer your questions about your options for life insurance. Finally, compare life insurance rates and plans among several highly-rated insurance companies to find the most affordable policy that meets your needs. Here's an article that reviews tips on buying life insurance to help you learn more.

What Life insurance is better to buy - Whole Life Insurance or Term Life Insurance?

Sat, 21 Jan 2012 15:08:30 GMT

I have a family of 6. All my children are under 9 years old, some suggested me to take term insurance, while others whole insurance. What would be the best life insurance for my children? What would be the best life insurance for me and my wife? Actually, you can buy life insurance and add coverage. child riders, onto your life insurance policy to provide life insurance protection for your children. For you and your wife, you may want to consider a 30 year level term life insurance plan (for each of you) that provides coverage for 30 years with level premiums and the amount of life insurance stays the same for the entire 30 year term. Term life insurance offers the most life insurance protection for the money since it's temporary life insurance. In addition, if you need lifetime coverage as well, you could each buy a small permanent life insurance policy. Here's an article that explains term life insurance vs permanent life insurance to help you better understand your options.

Can you collect life insurance benefits after a suicide?

Fri, 20 Jan 2012 14:45:50 GMT

Yes, you may be able to collect life insurance benefits after a suicide. I believe all life insurance policies have a standard exclusion for death resulting from a suicide. However, the exclusion applies to a specific period. Usually, if the suicide occurs within 2 years of buying the life insurance policy, their is no coverage. However, in some states I think it's a one year example, for instance, it is one year in Colorado. So, if the suicide were to occur after owning the life insurance policy for more than 2 years, then the death benefit would be paid out to the beneficiary. You should review the term and exclusions in your life insurance policy to understand how the suicide exclusion applies and after what period of time it would pay out a death benefit.

What does long term life insurance pay for?

Thu, 19 Jan 2012 14:19:25 GMT

Long term life insurance is a type of term life insurance plan that provides coverage for an extended period of time. Term life plans usually last for 1-30 years, or until you reach age 65 or 70. So, a long term life insurance plan would probably be term life that lasts up to age 65 or 70, or for a period of 20 or 30 years. Long term life insurance pays out a death benefit to the beneficiary of the life insurance policy upon the death of the insured person, if the insured person dies during the term of the life insurance. Here's how to learn more about how term life insurance works.

What type of life insurance should I buy for mom?

Wed, 18 Jan 2012 13:52:26 GMT

My mother is 48. She works and has a mortgage on her primary residence. She is overweight but otherwise pretty healthy. I want to have life insurance so that we can pay for her funeral expenses when the time comes. Then you may want to either save money in a separate account so the funds are available for your mother's funeral. Or, you could consider funeral insurance which provides a small amount of life insurance, usually up to $25,000, with no medical exam required when your mom applies for the coverage. However, funeral plans may cost more than traditional term life insurance, which provides coverage up to age 65 or 70, usually. Here's how you can learn more about funeral insurance, how it works, and request a free quote online.

What is the highest amount you would get from a life insurance if a person dies and was insured? Is it taxable?

Tue, 17 Jan 2012 14:38:08 GMT

How much money would you get fro a life insurance policy? It depends entirely on the life insurance policy, you could take out a policy for almost any amount of money you'd just have to be able to pay the premiums for the set amount of time. Is it taxable? As a rule life insurance benefits are not taxed, at the federal level they aren't, but you might want to check your state tax regulations to be sure. They may be taxed after $500,000. Also, if the money goes to the estate as beneficiary rather than an individual, there are estate taxes to pay on the proceeds from the life insurance policy.

Can a person take out a life insurance policy on a parent?

Mon, 16 Jan 2012 14:49:08 GMT

Yes, with your parent's consent and cooperation. Your parent must give acknowledgement and consent, and sign the paperwork. In addition, your parent may need to answer some health questions, and/or take a physical examination for the life insurance. There must be an insurable interest between the person buying the life insurance, and the insured person. Insurable interest means you may stand to lose financially if the insured person were to die. There does exist insurable interest between spouses, parents and their children, siblings, relatives, and business partners. Here's how you can learn more about Insurable Interest and how it works.

What is under writing in life insurance?

Sun, 15 Jan 2012 15:20:57 GMT

Underwriting in life insurance is a process by which the insurance company examines, accepts or rejects insurance risks for life insurance, and classifies those selected in order to charge the proper premium for each. The life insurance companies reviews the application for life insurance, examines the physical exam of the applicant, and determines if the applicant is an acceptable risk for life insurance. Then, the insurance company decides what premium should be offered for the the and amount of life insurance requested by the applicant. Basically, underwriting life insurance is analyzing the risk and deciding if the carrier should accept the risk, and at what premium.

Can you withdrawal money from life insurance policy?

Sat, 14 Jan 2012 14:22:42 GMT

You can withdrawal (borrow) money from a life insurance policy that has a cash value. This will include whole life insurance and universal life insurance policies (both fixed and variable). As you are paying the life insurance premium, a portion of that premium goes toward the cash value. After a few years you will start building the cash value in your life insurance policy, at which time you can borrow a portion of that cash value. The amount of money you can borrow from your life insurance policy will be limited to a percentage of the actual cash value and will usually be around 75 or 80% of the cash value in your policy. If you die while money is loaned out to you, the face value of the life insurance policy will be reduced by the outstanding balance of the loan. Here's how you can learn more about term life insurance vs permanent life insurance, and how they work.

Why do life insurance companies often charge different rates for males and females?

Fri, 13 Jan 2012 14:22:23 GMT

Usually, men are charged a higher rate for life insurance than women, all other things being the same. That is because women usually live longer than men do, so they have a higher life expectancy. Basically, the longer you are expected to live, the lower your rate for life insurance, because you will be paying into your life insurance policy for a longer period of time. Since women do live longer on average than men, women are charged a lower rate for life insurance, all else being equal. Here's how you can learn more about why do men pay more for life insurance then women?

What is the best site to buy online non-med term life insurance?

Thu, 12 Jan 2012 14:20:19 GMT

Most really good sites will have non-med or no medical term life insurance. Some of the leading providers of non-medical term life insurance include Fidelity Life, Garden State Life, Globe Life, Colonial Penn, and Mutual of Omaha, among others. You can get access to these offers through life insurance quote providers online, such as, Efinancial, AccuQuote and Termfinder. For instance, Efinancial offers life insurance quotes from Fidelity Life which provides up to $300,000 of life insurance without any medical exam. You can request a quote and apply online for life insurance coverage. If approved, you may be able to start your life insurance coverage the same day without any medical examination. Here's how you can learn more about non medical term life insurance and request your free quote online today.

Why does everyone recommend purchasing Life Insurance early?

Wed, 11 Jan 2012 16:57:00 GMT

Because "everyone" is only looking at the price. The younger you are when you buy a life insurance policy, the cheaper it is. That doesn't mean you actually need life insurance at that age. Also, the older you get, the more likely you are to develop a pre-existing health condition - making life insurance even more expensive, if you can even qualify for a policy. That doesn't mean that every 18 year old should run out and buy life insurance - you have to prioritize your financial goals, and there is such a thing as being "insurance poor" - buying so much life insurance, you're broke, because it's more than you can afford, or need at the time.

What is the best life insurance to get and where?

Tue, 10 Jan 2012 14:32:29 GMT

I'm young but not in the best health, I'm looking for life insurance, something affordable. If you are looking for the best life insurance you want to consider your goal for your life insurance, and what you want your life insurance to accomplish. Then, consider how much life insurance you need, for how many years, what you can afford to pay, and what type of life insurance is right for you. You may want to sit down with a licensed life insurance agent to review your options for life insurance and compare plans and rates from top insurance companies. Term life insurance costs a lot less than permanent life insurance which means you can afford more life insurance coverage. However, term life is temporary, usually providing life insurance for up to 20 or 30 years, or until you reach age 65 or 70. If you have health problems, you may find it costly to buy life insurance, if you qualify for a policy. Here's how you can learn more about finding the best companies for life insurance and comparing life insurance rates and plans online.

Life Insurance for Seniors?

Mon, 09 Jan 2012 14:40:48 GMT

Which life insurance policy should seniors consider? If you mean seniors over the age of 60, they should consider not only a policy's cost per thousand, but also the limitations on coverage provided by the life insurance policy. There are companies that will not provide immediate coverage for select existing medical conditions for senior citizens. However, permanent life insurance will cost the most, and provides lifetime coverage, if you can qualify. Also, term life insurance may offer coverage for up to 10 years or more, depending on your age and health when you apply for the policy. If you are unable to qualify for a policy, you may want to consider a guaranteed acceptance life insurance plan that costs more and provides a small amount of life insurance protection. Here's how you can learn more about life insurance for seniors.

Life Insurance Quotes Online for Husband and Wife?

Sat, 07 Jan 2012 15:03:02 GMT

My husband and I want to get life insurance in case one of us dies. When you fill out the quote form online, do you enter your information or your spouse's? It depends on who you want the quote. If you want the life insurance quote for yourself, you fill in your information. To get a quote for your spouse, you fill in your spouse's information. You can request a quote for your spouse, then go back to the quote request form, change the information and get your quote. It really only takes a few minutes on some insurance websites to get your free, instant life insurance quote comparisons. Sites like Efinancial, AccuQuote, or Termfinder give you up to 12 instant life insurance quotes when you fill out the quote request form online. To find the best rates and carriers you may want to consider reviewing a list of top 10 life insurance companies before you request your free rate quotes.

How to get the best life insurance quote but free?

Fri, 06 Jan 2012 14:33:44 GMT

Where should I go for Free Life Insurance Quotes? There seem to be a lot of sites - which one should I trust? There are many sites online offering life insurance quotes. Some of the better known sites are AccuQuote, Efinancial, and Insureme. Some some give you instant life insurance quote comparisons from a large network of insurers, while others sell your information to brokers and agents to send you quotes. Here's how you can get free life insurance quotes online now and compare some of competitive rates from highly rated life insurance companies.

Where can I find the best life insurance quote online?

Thu, 05 Jan 2012 14:26:48 GMT

You can choose any one of several life insurance quote providers with a large network of highly-rated life insurance carriers; such as, Efinancial, AccuQuote, or Termfinder, to help you compare the best life insurance quotes online. Each of these quote providers offers free, instant life insurance rate comparisons from their large network of leading insurance companies. You just visit the website, fill out a quote request form, and you receive instant life insurance quote comparisons from several insurance companies at once. Your free online life insurance quote comparisons will provide you with the insurance company names and financial ratings, the premiums quoted, and your premium payment options. If you like the quotes for life insurance you can request an application for coverage. Or, if you have questions, you can speak with a licensed representative to get all of your questions answered. Here's how you can learn more and compare the best life insurance rate quotes online today.