Saturday, September 23, 2017
If you're shopping for affordable life insurance coverage you may want to compare price quotes for life insurance.
But what are life insurance quotes and how do they work?
"Life insurance quotes" are an estimate of how much your life insurance protection will cost.
You can compare price quotes from multiple life insurers by visiting a life insurance website with access to a large network of insurance companies and filling out a quote request form.
Your price quote for life insurance will provide you with the cost of coverage for a specific type and amount of life insurance for someone your age, gender and health.
Life insurance price quotes give you an indication of cost for life insurance so you can comparison shop for affordable coverage among several life insurers to help you find the most affordable policy.
Learn more about life insurance price quotes and how they work.
Wednesday, September 20, 2017
Do life insurance rates increase?
The cost of a life insurance policy increases with your age. That's why it is important to buy a policy while you are young and healthy to lock-in a low rate for your coverage.
Once you have life insurance protection, your rate usually remains the same for the life of your policy if you have permanent life insurance.
If you have a term life insurance plan your rate remains the same each year for the life of your term, usually from 10 to 30 years.
However, some term life policies offer coverage up to age 70, but your rate is level for the first 20 years you are insured.
There may be some other variations of rate change for term life policies depending on the type of plan offered by various insurers.
Here's how to learn more about when do life insurance rates go up?
Sunday, September 17, 2017
What things should I consider when buying a life insurance policy?
When shopping for life insurance coverage you'll want to make sure you understand how life insurance works and the difference between permanent and term life insurance plans.
Second, make sure you know how much life insurance coverage you really need and what goal you want your life insurance to accomplish.
Then, determine your budget and comparison shop for the most affordable policy from a highly-rated, financially secure insurance company.
Consider who you want to be beneficiary of your life insurance. The beneficiary or beneficiaries are the people who would receive the death benefits from your policy upon your passing.
Here's some more important considerations when buying life insurance protection.
Wednesday, September 13, 2017
Where can I purchase a life insurance plan without having to answer any questions about my health?
If you want no medical question life insurance there are several insurers that offer "guaranteed issue" life insurance policies.
Guaranteed issue plans offer guaranteed approval with no health exam required and no health questions asked.
And, you cannot be denied coverage due to your health, but you must meet the age restrictions for approval.
Some guaranteed plans offer guaranteed acceptance for people ages 45-75 or even ages 45-85.
However, there are graded death benefits the first two years you are insured, which means limited death benefits for two years, then full coverage after that time period.
Find out where to buy life insurance without medical questions.
Saturday, September 9, 2017
When purchasing a life insurance policy it is smart to consider the following key issues in order to assist you in finding the best life insurance to meet your specific goals and budget:
1. Understand how life insurance works.
2. Review the two basic types of life insurance available.
3. Decide how much you can afford to pay for life insurance.
4. Determine how much life insurance you need.
5. Consider who you should select as beneficiaries to your life insurance policy.
Here's a helpful article that reviews the topic "When Buying Life Insurance It Is Smart To".
Tuesday, September 5, 2017
How do life insurance carriers determine how much they charge you in premiums for your life insurance policy?
When it comes to premiums for life insurance, insurers use the information they develop to determine your life expectancy - how long you are expected to live, and keep paying premiums for your life insurance.
There are several factors that insurers consider, including your age, gender, health, tip and amount of life insurance.
In addiiton, other important risk factors include your lifestyle, tobacco use, driving record, family health history, occupation, hobbies, etc.
The insurer uses your health information to select your health rating or classification and apply a specific rate per $1,000 of life insurance coverage to develop the premium you pay for your life insurance policy.
Learn more about how life insurance premiums are determined.
Friday, September 1, 2017
What is guaranteed renewable term life insurance and how does it work?
Term life insurance is temporary coverage for a set period of time of up to 30 years.
The "term" of your life insurance is the number of years you have life insurance protection.
Usually, you may have the option of choosing a term of 10, 15, 20 or 30 years for term insurance.
"Guaranteed Renewable" means you may choose to renew your original term policy for another "term" of up to 10 years when you first life insurance term ends. And, you won't have to take a physical exam to qualify for the renewal of your life insurance policy.
Learn more about how a guaranteed renewable term life insurance policy works.