Wednesday, July 19, 2017
What are company ratings for life insurers?
Life insurance ratings are referred to as "financial strength ratings" which are an indication of the insurer's ability to pay their claims and meet their financial obligations.
There are several independent rating agencies that review the financial statements of insurers and issue financial ratings.
Some of the leading rating agencies are A.M. Best Company, Moody's and Standard & Poor's, among others.
The higher an insurer's rating, the more secure the insurance carrier. The highest rating offered by AM Best is "A++" Superior.
Learn more about the best life insurance companies ratings.
Sunday, July 16, 2017
If you're looking for the lowest priced life insurance policy you'll want to consider term insurance.
Term insurance is temporary life insurance lasting for a duration of 30 years or less.
The "term" is the period of time you have the life insurance protection.
You may be able to select a "term" of 10, 15, 20, 25 or 30 years.
The shorter the term (duration) of your policy, the lower your cost per $1,000 of life insurance protection.
So, the annual premium for a 5 year term life policy would be cheaper than the annual cost of a 10 or 15 year term policy.
Here's how to learn more about finding life insurance cheapest coverage.
Thursday, July 13, 2017
What is the easiest way to get an affordable life insurance policy?
The easiest approach to purchasing life insurance is to shop, apply and buy your policy over the internet.
Today, a consumer like you may qualify to purchase up to $1,000,000 of affordable life insurance protection within the hour.
That's right. In fact, one A++ rated life insurer offers you a way to apply for your policy online in about 15 minutes. And, find out in as little as 10 seconds (after applying) if you qualify for coverage.
So, you may actually be able to start your life insurance coverage in less than one hour.
There's no need to meet with an agent, no long mailing delays, no hassles with medical exams.
Learn more about the easy method to buy life insurance.
Monday, July 10, 2017
Can I get affordable term life insurance for my family?
Yes, in fact, term life insurance is the most popular type of life insurance to get in order to provide affordable protection for your family.
Many families have term life insurance for a duration of 15, 20 or 30 years to provide financial security for the spouses and children until your kids are grown up and on their own, and the mortgage is paid off.
With term life insurance you can purchase individual policies for the parents and add the children on to your policy by addition of a "rider".
Or, you may purchase life insurance eon the main breadwinner of the family and add the spouse and children to your policy by addition of a "rider" which adds coverage for additional members of the family.
Term life insurance is flexible, easy-to-understand and offers the most life insurance for your money.
Learn more about family term life insurance policies.
Tuesday, July 4, 2017
A “Funeral Insurance Policy” usually refers to a whole life insurance policy with a death benefit of from $2,500 to $25,000.
As the name implies, people buy this type of insurance policy to provide money for funeral and burial costs for themselves and/or their family members.
The average cost of a funeral including burial and final expenses may exceed $7,000.
Saturday, July 1, 2017
Where are several good reasons to buy a term life insurance policy.
Term life insurance is affordable, flexible and easy to understand.
With term life you get the most life insurance for your money - it costs 2-3 times less than a permanent life insurance policy.
Term life is flexible meaning you choose how long you have life insurance, so you barren;t paying a higher rate (permanent insurance) for coverage you may not need in the future.
And, term life is easy - you pay premiums each month (or year) for the length of time you have term insurance, and your beneficiary receives a death benefit if you die during the term of your policy.
If you are alive when your term insurance policy ends, there is no payout, your coverage expires.
Here's how to learn more about term life insurance coverage.
Wednesday, June 28, 2017
Can older people get life insurance policies?
Yes, senior citizens may qualify to purchase life insurance coverage.
However, your approval to get insured may depend on your age and health.
Many insurers offer seniors the option of choosing from term life insurance or permanent life insurance plans.
However, those older individuals with health issues or over the age of 85 may find it difficult to get insured.
But, even if you have a health problem, there are guaranteed issue life insurance plans available for people ages 45 to 85.
Here's how you can learn about life insurance for old people and request a free quote for coverage today.