Thursday, September 22, 2016
If you decide you want lifetime life insurance coverage, some term life policies allow you to convert your term life insurance into a permanent policy without a medical exam.
Making the decision to convert may save you money versus purchasing a new life insurance policy at the end of your term.
Permanent life insurance builds cash value inside the policy so you can borrow or withdraw this money if you need it.
However, taking a loan or withdrawal from your permanent policy will require repayment of the loan, or it may impact your death benefit.
Tuesday, September 20, 2016
Life insurance policies are underwritten, meaning in order to qualify for life insurance coverage the underwriter will consider your age, health, tobacco use and lifestyle, as well as your occupation and any potentially dangerous hobbies or occupations you have.
These life insurance policies often need a thorough medical examination in order for you to qualify for coverage.
Final Expense Life Insurance on the other hand, is very easy to purchase and requires no medical exam or health questions.
In fact, one highly-rated insurance company offers guaranteed approval final expense life insurance for people ages 45 to 85.
Sunday, September 18, 2016
If you're shopping for term life insurance you may have heard about term insurance calculators.
A term insurance calculator can be one of two tools you use to shop for life insurance.
A term insurance premium calculator can help you to instantly compare the best term life insurance prices among a network of the leading life insurance companies.
A term insurance needs calculator can help you to figure out how much life insurance you need to properly protect your loved ones based on your personal situation.
Here's how you can use term insurance calculators to help you compare pricing and determine your life insurance needs in just minutes.
Tuesday, September 13, 2016
How can I find more affordable life insurance protection?
Life insurance is intended to provided financial security for your loved ones, but many of us on a budget and need to make the most of the money we have. Do, how can you stretch your budget to get the most life insurance for your money?
Buy life insurance now instead of waiting. Premiums for the same coverage generally increase the older you become. And the longer you wait, the more you risk developing a health condition that could increase your premium further, or make you uninsurable.
If you want permanent life insurance but you're on a budget, consider some term life insurance for now. You can save money initially by buying some term life in combination with permanent life. Then later, if your budget increases, consider converting your term life policy to permanent life insurance coverage.
Consider group life insurance offered through your employer. It may be available at a relatively low cost compared to your own individual life insurance policy. But keep in mind that your group life insurance coverage may end or become more expensive when you leave your job or as you get older.
Here's how you can compare affordable life insurance quotes from several of the best insurance companies.
Saturday, September 10, 2016
Its called life insurance, and life can change quickly which is why you should review your life insurance needs on a regular basis to make sure you have the right amount of protection for your loved ones.
There are several important life events that may give rise to a need to review your life insurance including marriage, divorce, having children, college, buying a new home, getting a new job or promotion - all things that change life circumstances and your need for life insurance.
Because your life insurance needs will change over time, your life insurance plan should be reviewed periodically, at least every 3 to 5 years.
Most life insurance professionals suggest you revaluate your life insurance coverage needs at least once every five years, or when you have a major change in life circumstances.
You can use a life insurance needs calculator to help you easily determine how much life insurance you currently need.
Wednesday, September 7, 2016
Is there affordable life insurance available for people age 60 and over?
Yes, there are several types of life insurance plans available for people over age 60.
Some are more affordable than others. For instance, term life insurance which offers temporary coverage for a period of 1-30 years, has the lowest cost.
While permanent life insurance will cost you more, but you are guaranteed lifetime protection as long as you keep paying your premiums on time.
There's also guaranteed approval life insurance that costs more but you cannot be turned down due to any health problems you may have.
Here's how you can learn more about Over 60 Life Insurance and compare rates today.
Sunday, September 4, 2016
Can someone living with epilepsy get insured for life insurance?
It depends on the insurance company guidelines for approval, your age, how you manage your epilepsy, how many seizures you have had, date of your last seizure, how often you visit the doctor, and your overall health, among other factors.
There are life insurers who insure epileptics; however, the price you pay for life insurance will be higher than for the standard risk, and the amount of life insurance available from any one insurer may be limited.
Here's how you can learn more about life insurance for people with epilepsy