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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.
When choosing to purchase a life insurance policy there are several different ways you may determine how much life insurance coverage you need.
Some financial advisors may recommend that you buy 10 times your annual income. So, if you earn $50,000 then you may need $500,000 of life insurance protection.
Others' will recommend you take a look at your total assets, total debt, annual income, and your future financial goals; as well as, the number of children you have, and whether or not your spouse works, and take these things into consideration when determining how much life insurance you really need.
You'll also want to factor in your budget - what you can afford to spend each month on life insurance.
However, the quickest and easiest way to figure out how much life insurance to buy, with the most accurate estimate, would be to use a life insurance needs calculator.
Continue reading "How to Decide How Much Life Insurance to Buy?"
If you are divorced, you may be considering the purchase of a life insurance policy for your ex-husband.
There are many reasons you may want to get life insurance on your ex-husband, but mainly to provide for your child's education, child support, and to replace alimony payments; as well as, to pay off outstanding debts you and your ex-husband share, in case he were to pass away.
You can buy life insurance on your ex-husband if he agrees to sign the application for coverage, answer some health questions, and take a medical exam, iff needed for the life insurance company.
Continue reading "Can I Buy Life Insurance for My Ex-Husband?"
Yes, if you are an adult, you may be Abel to purchase final expense life insurance for your parents.
In order to buy life insurance on someone else's life, you need an insurable interest in that person, to prevent fraud.
Adult children do have an insurable interest in their parents, so they are able to buy life insurance for their parents.
There are several insurers offering final expense type policies.
Some of these plans offer guaranteed approval which means the person to be insured cannot be turned down for coverage due to any pre-existing health conditions, if that person meets the age requirement for acceptance.
For example, Gerber Life fifers guaranteed approval final expense life insurance policies for people ages 50 to 80 years old.
These plans usually offer up to $25,000 of coverage, since the average cost of a funeral and burial in the U.S.A. is around $8,750.
If you need more protection, you may buy a policy from more than one insurance company.
To get coverage you can request a free quote online and apply for the policy in minutes. Same day coverage may be available.
Continue reading "Can I Buy Final Expense Insurance for My Parents?"
Can I buy term life insurance for my children?
Yes, as a parent, you have an insurable interest in your adult children.
Many parents buy life insurance for their adult children to provide financial security for the grandchildren, provide for the college eduction of a grandchild, or secure a loan made to the adult child by the parent, among other reasons.
However, when buying life insurance on someone else, you will need their signature on the application for coverage, so the insurer knows the your adult child is aware that you are taking out life insurance on him or her.
In addition, they may or may not need to take a medical exam to qualify for the life insurance coverage.
Continue reading "Term Life Insurance for My Adult Children"
What are some of the most common reasons to buy a term life insurance policy?
Among the more popular reasons people choose to buy term life insurance are the following:
1. To replace lost income.
2. To provide for the college education of your children.
3. To pay off the home mortgage loan.
4. To pay off personal loans and auto loans.
5. To propvide for your spouse's retirement.
6. To leave a legacy for your family members.
7. To pay off the estate taxes.
These are just a few of there more common reasons for buying term life insurance policies.
Continue reading "Top 20 Reasons to Buy Term Life Insurance?"
If you are looking to buy a life insurance plan to provide the funds needed to cover your final expenses when the time comes, you may be shopping for an end of life insurance policy.
There are several high;-rated insurers that offer coverage forfend of life expenses, including but not limited to: Gerber Life, Homesteaders Life, and Lincoln Heritage, among others.
These insurers offer coverage that can provide the much needed funds to pay for all of your end of life costs. Usually, these plans offer up to $25,000 or more.
Some plans provide you with protection that is guaranteed approved if you meet the age requirement.
For example, Gerber Life offers guaranteed apporvoal for people ages 50 to 80.
That means, even if you have serious health issues, you can still get insured.
Keep in mind, the average cost of a funeral and burial in the U.S.A. is around $8,750. However, that figure can vary based on the location of the town or city in which you reside.
You can visit an end of life insurance provider online, request a free quote, apply for your policy, and get insured as soon as today.
When it comes to shopping for insurance to cover the cost of your funeral and related final expenses, you may want to consider prepaid funeral plans that guarantee the money is available when the time comes to pay for the cost of your funeral and burial expenses.
There are several insurers that offer plans to cover funeral expenses, including Gerber Life, Homesteaders Life, and Lincoln Heritage, among others.
These plans usually provide coverage up to $20,000 or more which should cover your final expenses since the average cost of a funeral and burial in America is around $8,750.
Some of these plans offer guaranteed approval for people who meet the age requirement; such as, ages 50 to 80 years old.
You can shop and compare the best prepaid funeral plans online to assist you in finding the best coverage at an affordable price.
Can someone with COPD get a life insurance quote?
Yes. You can get a life insurance quote and compare rates and plans for COPD life insurance online.
However, depending on your overall health, you may find it more costly and maybe more difficult to qualify for life insurance coverage.
If so, there are guaranteed issue life insurance plans available that offer guaranteed approval for people ages 45 to 85 years old.
And, with guaranteed plans you will not have to take a medical exam or answer any health questions.
But, the maximum amount of life insurance available with guaranteed approval life insurance may be limited to around $25,000.
Continue reading "Life Insurance Quote for Someone with COPD"
When it comes to life insurance there are two basic types of plans, Term Life and Permanent Life.
Whole life is a type of permanent life insurance that provides lifetime coverage, a death benefit, and builds can value inside the policy from which you may take a loan.
Permanent life insurance usually costs 5-10 times more than term life.
Term life is temporary life insurance usually lasting for a period of up to 30 years.
You may be able to choose a policy term duration of 10, 15, 20, 25, 30, 35, or 40 years depending on your age.
Term life provides a death benefit but no cash value.
If you pass away during the policy term, the death benefit is paid to your beneficiary.
If you outlive the duration of your term life policy, the coverage ends and there is no payout of any benefits.
That's why term life is so much more affordable if you need life insurance lasting for 30 years or less.
Here's how you can request and compare life insurance quotes online right now.
Guaranteed acceptance life insurance plans are small limit permanent life insurance policies that provide a death benefit and cash value that builds over time.
Usually, these plans offer a maximum amount of $25,000 of life insurance protection.
Guaranteed means you cannot be turned down for coverage if you meet the age requirement for approval.
Age requirements vary by insurer; for example, ages 45-75 or 40-80 may be guaranteed approval.
There is no health exam required for guaranteed issue policies, and you will not have to answer any questions about your health.
You can get a free quote and apply for a policy today.
Several life insurers offer guaranteed issue life insurance plans including Gerber Life and MetLife, among others.
Continue reading "Can I Buy $25,000 Guaranteed Acceptance Life Insurance?"
Disclosure: Compensated Affiliate