Affordable Life Insurance Protection for Your Family
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.
Can I buy a term life insurance policy without taking a medical examination?
It depends on your age, health, and the insurance company guidelines for approval.
However, there are now several insurers that offer no exam term life insurance policies for qualified applicants between the ages of 20 to 60 years old.
In addition, other insurers may offer plans for people ages 18 to 78 years of age, but offer lower maximum limits of life insurance coverage.
Some insurers offer same-day coverage for qualified applicants. That means, you may be able to start your life insurance coverage the same day you apply online for a policy.
If you are shopping for a term life insurance policy, you may have several options to choose from for your policy.
There are different types of plans, including Level Term, Decreasing Term, Return of Premium, and No exam term life insurance policies.
The most common and most popular are Level Term life insurance plans, because they offer the most affordable rates, with guaranteed level premiums for the entire duration of your policy, up to 30 years.
In addition, with level term life insurance, the amount of life insurance coverage provided by your policy stays the same for the entire duration of your coverage.
So, your premiums never increase and your coverage amount never decreases, during the life of your level term policy.
What is a life insurance calculator?
It's a calculator you can use online to help you determine how much life insurance you need.
The calculator asks you some basic questions, which you answer, and then click on a button to instantly see the recommended amount of life insurance to buy based on your specific situation and needs.
It's a quick and easy way for you to figure out how much life insurance protection you really need.
Is there life insurance for people with health complications?
Yes, in fact, you may purchase life insurance with guaranteed acceptance for people ages 45 to 85.
With guaranteed approval life insurance plans you won't have to answer any questions about your health, and there are no health exams required.
As long as you meet the age requirement for acceptance, you are guaranteed approval for a life insurance policy.
If you need life insurance to provide protection for your family for a period of twenty years, you'll want to consider term life insurance with a 20 year term.
This means you have life insurance protection that will last for a duration of 20 years.
The premium you pay for your life insurance p-policy will remain the same each year you are insured.
In addition, the amount of life insurance provided by your policy remains level, never decreasing throughout the life of your 20 year term life plan.
If you pass away during the 20 year term, the death benefit is paid out to the beneficiary of your life insurance policy.
If you outlive the 20 year term, there is no payout of any benefits.
If you are interested in life insurance you may want to learn how term life insurance and whole life insurance work.
Term life insurance is temporary coverage lasting up to 30 years.
You may be able to choose a policy duration (term) of 10, 15, 20, 25 or 30 years of term life protection.
Term life provides a death benefit if the insured person dies during the policy term.
If you outlive the duration of your coverage, there is no payout of benefits.
Whole life insurance lasts your entire lifetime, provides a death benefit, and builds some cash value inside the policy, over time.
Whole life insurance usually costs up to 5 to 10 times more for the same amount of life insurance, compared to pricing for term life insurance policies.
Can I buy life insurance on my adult son?
Yes, you can purchase life insurance on your adult child.
As a parent, you have an insurable interest in your child's life, which is required in order to buy life insurance on someone else.
There are life insurers that will allow you to buy a life insurance policy online for your adult child.
However, some may require your child's consent and/or signature on the online application.
Yes, you can get burial insurance on members of your family.
As long as you are an adult you have an insurable interest on another family member; such as; a spouse, parent, brother, sister or other relative.
Many people choose to purchase a burial policy on their elderly parent to provide money to cover the cost of their parent’s burial and funeral expenses.
In addition, you may have a sibling who has a disability, is unemployed, has no savings, or relies on you for financial support, for whom you wish to provide a respectable funeral and burial when the time comes.
That’s’ where a burial plan can help.
Mortgage insurance is a type of life insurance policy that pays out a death benefit upon the death of the insured person.
The premium, or price you pay for mortgage insurance depends on the type of mortgage insurance policy, the amount of insurance, the duration (term) of the coverage, and the insured person's risk factors.
Risk factors may include your age, gender, tobacco use, health, occupation, hobbies, lifestyle, driving record, etc.
These factors are used to develop your rate per $1,000 of mortgage life insurance protection.
The younger and healthier you are when you buy your policy, the lower your rate.
You can compare free premium quotes for mortgage life insurance online in just minutes to help you find the most affordable plans.
Can people with health issues get insured for life insurance?
Yes. There are life insurance plans available with Guaranteed Approval.
These plans are best suited for people with pre-existing health conditions.
If you have health issues, have been denied life insurance, or you are a senior, you may want to consider guaranteed issue life insurance coverage.
It guarantees your approval for life insurance if you meet the age requirements for acceptance.