Can I get instant life insurance coverage on the internet?
Yes, there are insurers offering instant life insurance policies if you qualify for coverage.
Instant life insurance plans usually require you to answer some health questions and those answers help to determine if you qualify for the coverage.
In addition, instant life insurance does not require a medical exam, offers lower amounts of life insurance than you might qualify for if you did take a medical exam, and the rate charged for your instant life insurance policy may be higher compared to life insurance requiring a medical exam.
However, there are several benefits to instant life insurance, including:
1. Same Day Coverage if approved.
2. No delays waiting to find out if you are insured.
3. No medical exam, no doctor's visit, no needles, no blood tests.
4. No need to meet with an agent.
5. Peace of mind today knowing your family is financially secure in case you were to pass away.
Keep in mind, even instant life insurance plans offer a money-back guarantee which may be for as long as 30 days, in case you are not satisfied with your life insurance policy.
Also, make sure you find out how long your life insurance coverage will last, how many years your rate is guaranteed to remain the same, and if you have full coverage from the start of your policy.
Find out if you qualify for instant life insurance coverage today.
Tuesday, July 29, 2014
Sunday, July 27, 2014
Why Should I Get Term Life Insurance?
The are two common characteristics of someone who should get a term life insurance policy:
1. They need the most life insurance coverage for the lowest price now.
2. They need as much life insurance as they can possibly afford for the distant future up to a period of 30 years.
Since term life insurance is temporary to offers the lowest cost for life insurance protection that will last for a period of up to 30 years.
Term life is pure life insurance protraction, not an investment.
You can choose a "term" of 10, 15, 20 or 30 years depending on your age and health.
Your premium is guaranteed to remain the same for the entire term of the policy. If you outlive your term, then the life insurance coverage expires, unless you renew your policy for a higher premium based on your age at renewal.
Term life insurance policies offer much lower ages compared to permanent life insurance which provides lifetime coverage.
Many young families and people on a budget choose term life insurance. In addition, if you have debts lasting 30 years or less; such as, a home mortgage loan, then term life insurance may be a good option for you.
Keep in mind, you can own more than one life insurance policy, So, you could have a term life insurance plan for your needs of 30 years or less, and a permanent life insurance policy to provide lifetime coverage for your final expenses.
1. They need the most life insurance coverage for the lowest price now.
2. They need as much life insurance as they can possibly afford for the distant future up to a period of 30 years.
Since term life insurance is temporary to offers the lowest cost for life insurance protection that will last for a period of up to 30 years.
Term life is pure life insurance protraction, not an investment.
You can choose a "term" of 10, 15, 20 or 30 years depending on your age and health.
Your premium is guaranteed to remain the same for the entire term of the policy. If you outlive your term, then the life insurance coverage expires, unless you renew your policy for a higher premium based on your age at renewal.
Term life insurance policies offer much lower ages compared to permanent life insurance which provides lifetime coverage.
Many young families and people on a budget choose term life insurance. In addition, if you have debts lasting 30 years or less; such as, a home mortgage loan, then term life insurance may be a good option for you.
Keep in mind, you can own more than one life insurance policy, So, you could have a term life insurance plan for your needs of 30 years or less, and a permanent life insurance policy to provide lifetime coverage for your final expenses.
Saturday, July 26, 2014
What Are Life Insurance Quotes?
Life insurance quotes are an estimation of the premiums you would pay for a given life insurance policy based on a set amount of life insurance coverage and type of policy.
However, a life insurance quote is only as good as the information it's based on, it is only an estimate of the price you may pay based on the information you provide yo get the quotes.
It's important to answer all questions truthfully so you get an accurate quote for your life insurance.
Most life insurance websites offer term life insurance quote comparisons, which is temporary coverage providing life insurance with guaranteed level premiums for a term of 10, 15, 20 or 30 years. Rates are provided by a network of insurers and your quotes will show the most affordable plans based on your information, and the financial strength ratings are provided with your quotes.
It only takes a few minutes to fill out a short quote request form and receive your instant life insurance quote comparisons online. And, some insurers may offer same day life insurance coverage if you qualify.
Here's how you can request your free, instant life insurance quotes online today.
However, a life insurance quote is only as good as the information it's based on, it is only an estimate of the price you may pay based on the information you provide yo get the quotes.
It's important to answer all questions truthfully so you get an accurate quote for your life insurance.
Most life insurance websites offer term life insurance quote comparisons, which is temporary coverage providing life insurance with guaranteed level premiums for a term of 10, 15, 20 or 30 years. Rates are provided by a network of insurers and your quotes will show the most affordable plans based on your information, and the financial strength ratings are provided with your quotes.
It only takes a few minutes to fill out a short quote request form and receive your instant life insurance quote comparisons online. And, some insurers may offer same day life insurance coverage if you qualify.
Here's how you can request your free, instant life insurance quotes online today.
Thursday, July 24, 2014
How Much Is The Average Cost Of Life Insurance?
There is no one average cost of a life insurance policy because there are many different types of life insurance policies, and each person is rated based on their own particular risk factors.
The average rating people get for a life insurance policy is "Standard". From that, you can determine the average cost for life insurance for people of different ages and genders.
Keep in mind that the average cost for life insurance for an 80 year old is going to be much different than the average cost for a 20 year old. As will the average cost for someone with diabetes or high cholesterol, as compared with someone in perfect health.
The length of the term (10, 15, 20 or 30 years), or whether the policy is a permanent life insurance policy, have a big effect on the premium, as well.
Some of the risk factors considered when developing a rate for your life insurance include your gender, age, health, family health history, occupation, lifestyle, hobbies, driving record, height-to-weight ratio, etc.
The longer you are expected to live, the lower your rate for life insurance.
Learn more about the average cost of life insurance
The average rating people get for a life insurance policy is "Standard". From that, you can determine the average cost for life insurance for people of different ages and genders.
Keep in mind that the average cost for life insurance for an 80 year old is going to be much different than the average cost for a 20 year old. As will the average cost for someone with diabetes or high cholesterol, as compared with someone in perfect health.
The length of the term (10, 15, 20 or 30 years), or whether the policy is a permanent life insurance policy, have a big effect on the premium, as well.
Some of the risk factors considered when developing a rate for your life insurance include your gender, age, health, family health history, occupation, lifestyle, hobbies, driving record, height-to-weight ratio, etc.
The longer you are expected to live, the lower your rate for life insurance.
Learn more about the average cost of life insurance
Monday, July 21, 2014
When To Buy Term Life Insurance?
You can buy a Term Life Insurance policy at almost any age.
It is more difficult to find Term life policies that cover children and the aged, because permanent life insurance policies are the preferred type of coverage for those age groups.
For people age 20-80, you can buy Term Life Insurance whenever the need arises. The younger you are, the less it cost you, all other things being equal.
However, the rate will vary based on the type and amount of term life insurance, and how long the term is for your policy.
The "term" of a term life policy is the period of time that the rate is guaranteed to remain the same. If you wish to continue life insurance coverage when the term ends you may be able to renew your term life policy but for a higher rate which is based on your age at the time of renewal.
The most common "term" for term life policies is 10, 15, 20 or 30 years of coverage.
You may want to buy a term life insurance policy as soon as you believe you have a need for life insurance, or even sooner, so you can lock-in the lower rate for your life insurance coverage.
Many people on a budget choose to buy term life insurance; as well as, young families and people with a life insurance need of 30 years or less.
Also, keep in mind, a term life policy may or may not be able to be converted into a permanent life insurance policy. So, if you have a need for lifetime coverage in the future, you might be able to change your term life into a permanent life insurance policy. Check on this when choosing a term life insurance company and ask if the "Option of Convertibility" is available. It may come in handy in the future as your life insurance needs change along with your financial responsibilities.
Here's how you can learn more about how term life insurance works.
It is more difficult to find Term life policies that cover children and the aged, because permanent life insurance policies are the preferred type of coverage for those age groups.
For people age 20-80, you can buy Term Life Insurance whenever the need arises. The younger you are, the less it cost you, all other things being equal.
However, the rate will vary based on the type and amount of term life insurance, and how long the term is for your policy.
The "term" of a term life policy is the period of time that the rate is guaranteed to remain the same. If you wish to continue life insurance coverage when the term ends you may be able to renew your term life policy but for a higher rate which is based on your age at the time of renewal.
The most common "term" for term life policies is 10, 15, 20 or 30 years of coverage.
You may want to buy a term life insurance policy as soon as you believe you have a need for life insurance, or even sooner, so you can lock-in the lower rate for your life insurance coverage.
Many people on a budget choose to buy term life insurance; as well as, young families and people with a life insurance need of 30 years or less.
Also, keep in mind, a term life policy may or may not be able to be converted into a permanent life insurance policy. So, if you have a need for lifetime coverage in the future, you might be able to change your term life into a permanent life insurance policy. Check on this when choosing a term life insurance company and ask if the "Option of Convertibility" is available. It may come in handy in the future as your life insurance needs change along with your financial responsibilities.
Here's how you can learn more about how term life insurance works.
Saturday, July 19, 2014
Can I Have Multiple Term Life Insurance Policies?
Yes, you can have more than one life insurance policy.
The only thing the life insurance companies will care about is whether the total amount of death benefits for all of your life insurance policies combined exceed more than 20 times your annual income.
So, if you earn $100,000 per year and apply for more than $2,000,000 of life insurance, the insurance company may have an issue with this request and limit the amount of life insurance you can buy. The insurance company wants to be sure you are not over insured, giving you an incentive to commit suicide to benefit your family's income.
Suicide is usually excluded the first two years you are insured by your life insurance policy, one year in some states like Colorado.
Learn more about how many life insurance policies can you have
The only thing the life insurance companies will care about is whether the total amount of death benefits for all of your life insurance policies combined exceed more than 20 times your annual income.
So, if you earn $100,000 per year and apply for more than $2,000,000 of life insurance, the insurance company may have an issue with this request and limit the amount of life insurance you can buy. The insurance company wants to be sure you are not over insured, giving you an incentive to commit suicide to benefit your family's income.
Suicide is usually excluded the first two years you are insured by your life insurance policy, one year in some states like Colorado.
Learn more about how many life insurance policies can you have
Friday, July 18, 2014
Does Term Life Insurance Cover Accidents?
Yes, a term life insurance policy does provide coverage for accidents.
Term life pays out a death benefit for death caused by natural causes and accidents.
So, if you die as a result of an accident, your beneficiary would receive the death benefit from your term life insurance policy, as long as:
1. The premiums were paid.
2. The term life policy was "In Force" at the time of your death.
3. No exclusions applied to the accident that caused your death.
NOTE: Some life insurance policies may apply exclusions for certain high risk activities, so if you died as a result of those excluded activities, there would not be a death benefit paid out on your life insurance policy.
I addition, there are accidental death insurance policies that provide protection only for death resulting from an accident. The rates on these insurance plans are less than regular life insurance that covered natural causes and accidental death.
In fact, you may buy up to $1,000,000 of accidental death insurance online with no medical exam and no health questions.
Term life pays out a death benefit for death caused by natural causes and accidents.
So, if you die as a result of an accident, your beneficiary would receive the death benefit from your term life insurance policy, as long as:
1. The premiums were paid.
2. The term life policy was "In Force" at the time of your death.
3. No exclusions applied to the accident that caused your death.
NOTE: Some life insurance policies may apply exclusions for certain high risk activities, so if you died as a result of those excluded activities, there would not be a death benefit paid out on your life insurance policy.
I addition, there are accidental death insurance policies that provide protection only for death resulting from an accident. The rates on these insurance plans are less than regular life insurance that covered natural causes and accidental death.
In fact, you may buy up to $1,000,000 of accidental death insurance online with no medical exam and no health questions.
Monday, July 14, 2014
What is No Exam Life Insurance?
If you're shopping for life insurance coverage you may have come across no exam life insurance.
A no exam life insurance policy is life insurance that does not require you (the applicant) to take a medical examination in order to qualify for the life insurance policy.
Basically, it means that you won't have to take a medical exam, but there may be a health questionnaire for you to answer, and the insurance company will use those answers to help determine if you qualify for their no exam life insurance plan.
Disadvantages:
No exam life insurance usually costs more than life insurance that does require a medical exam, but some policies are getting more competitive.
In addition, no exam life insurance usually offers only $250,000 to less of life insurance protection.
Advantages:
There are several advantages to buying a no exam life insurance policy, including:
1. You may start your life insurance today.
2. No health exam, doctor's visit or meeting with an insurance agent.
3. No needles or blood tests.
Buying no exam life insurance online is much easier than getting a life insurance plan that requires an exam, but make sure you understand how your life insurance policy works, when you have full coverage, how long your rate is guaranteed to remain the same, and what financial rating the insurance company has from AM Best Company.
Get your free quote for no exam life insurance today and find out if you qualify for a policy.
A no exam life insurance policy is life insurance that does not require you (the applicant) to take a medical examination in order to qualify for the life insurance policy.
Basically, it means that you won't have to take a medical exam, but there may be a health questionnaire for you to answer, and the insurance company will use those answers to help determine if you qualify for their no exam life insurance plan.
Disadvantages:
No exam life insurance usually costs more than life insurance that does require a medical exam, but some policies are getting more competitive.
In addition, no exam life insurance usually offers only $250,000 to less of life insurance protection.
Advantages:
There are several advantages to buying a no exam life insurance policy, including:
1. You may start your life insurance today.
2. No health exam, doctor's visit or meeting with an insurance agent.
3. No needles or blood tests.
Buying no exam life insurance online is much easier than getting a life insurance plan that requires an exam, but make sure you understand how your life insurance policy works, when you have full coverage, how long your rate is guaranteed to remain the same, and what financial rating the insurance company has from AM Best Company.
Get your free quote for no exam life insurance today and find out if you qualify for a policy.
Saturday, July 12, 2014
Can Life Insurance Companies Tell If You Smoke?
Life insurance companies will ask on the application for coverage if you do smoke, in addition, they may require you to take a medical exam including a blood, urine, follicle or swab test to determine if you smoke.
If you are rerouted by the insurance company to take a blood test, urine test, or swab, the presence of nicotine will show up in all those tests.
If you have ever taken Chantix or other prescription drugs to help you quit smoking, the insurance company will see that on your pharmacy record.
If your medical records from your doctors show that you smoke or have smoked in the past, and you have a health condition that causes underwriters to order your medical records from your doctors, the life insurance company will take the word of what is written in your medical records.
If you're applying for a life insurance policy with a medical exam required, one of the items they test for in the urine test is the presence of nicotine in your system. If nicotine is present in your system, whatever risk class they approve you at will also be based on tobacco user rates. There are some life insurance companies that may offer you non-smoker rates depending on the frequency of your smoking.
Please note, even if you buy a non-medical life insurance policy and you lie on the application about your tobacco usage, saying you son;t use tobacco when you do, if you die in the first 2 years of being insured by the life insurance policy (the Contestability Period), and the insurance company discovers that you intentionally misrepresented the information on the application, they can refuse to pay out the death benefit to your life insurance policy's beneficiary and only give them the premiums that were paid into your policy.
If you are rerouted by the insurance company to take a blood test, urine test, or swab, the presence of nicotine will show up in all those tests.
If you have ever taken Chantix or other prescription drugs to help you quit smoking, the insurance company will see that on your pharmacy record.
If your medical records from your doctors show that you smoke or have smoked in the past, and you have a health condition that causes underwriters to order your medical records from your doctors, the life insurance company will take the word of what is written in your medical records.
If you're applying for a life insurance policy with a medical exam required, one of the items they test for in the urine test is the presence of nicotine in your system. If nicotine is present in your system, whatever risk class they approve you at will also be based on tobacco user rates. There are some life insurance companies that may offer you non-smoker rates depending on the frequency of your smoking.
Please note, even if you buy a non-medical life insurance policy and you lie on the application about your tobacco usage, saying you son;t use tobacco when you do, if you die in the first 2 years of being insured by the life insurance policy (the Contestability Period), and the insurance company discovers that you intentionally misrepresented the information on the application, they can refuse to pay out the death benefit to your life insurance policy's beneficiary and only give them the premiums that were paid into your policy.
Wednesday, July 9, 2014
Does Term Life Insurance End At A Certain Age?
Yes, usually term insurance policies end or expire at a certain age. The exact age depends on the particular term life policy, but age 85 is a common age for most term life plans to end.
Term life insurance polices are often renewable and convertible. That means that they renew for a higher premium at the end of each term period which may be 10, 15, 20 or 30 years, for example.
It also means that up to a specified age you can convert the term life policy to a level premium permanent life insurance plan that does not expire before you do. The permanent life insurance policy will provide you with lifetime coverage and not expire, as long as the premiums are paid.
Here's how you can learn more about how a term life insurance policy works.
Tuesday, July 8, 2014
What Are The Top Rated Term Life Insurance Companies?
Are you looking for the top term life insurance company for your term life coverage?
If so, there are hundreds of term life insurance companies in the U.S.A. that offer term life plans for 10, 15, 20 or 30 years of coverage.
Among the most popular term life carriers are names you may already know, including Prudential, Met Life, State Farm, and New York Life.
But which are the top term life companies? Well, there is a list issued each year by the III.org (Insurance Information Institute) which shows the top term life insurance companies based on the total number of individual term life insurance policies issued for the previous year.
However, there are several ways to rate a life insurance company, for instance you may want to look at their financial stability based on the financial strength rating of the insurer as issued by AM Best Company, an independent rating agency.
Also, you can look at the insurer's total assets or customer satisfaction.
However you compare term life companies make sure to request and compare multiple term life insurance rate quotes from a network of insurers to help you find the most affordable carrier. Online life insurance quotes will not only show you the lowest term life rates, but also the financial strength ratings of the insurers quoted.
If so, there are hundreds of term life insurance companies in the U.S.A. that offer term life plans for 10, 15, 20 or 30 years of coverage.
Among the most popular term life carriers are names you may already know, including Prudential, Met Life, State Farm, and New York Life.
But which are the top term life companies? Well, there is a list issued each year by the III.org (Insurance Information Institute) which shows the top term life insurance companies based on the total number of individual term life insurance policies issued for the previous year.
However, there are several ways to rate a life insurance company, for instance you may want to look at their financial stability based on the financial strength rating of the insurer as issued by AM Best Company, an independent rating agency.
Also, you can look at the insurer's total assets or customer satisfaction.
However you compare term life companies make sure to request and compare multiple term life insurance rate quotes from a network of insurers to help you find the most affordable carrier. Online life insurance quotes will not only show you the lowest term life rates, but also the financial strength ratings of the insurers quoted.
Monday, July 7, 2014
Can A 70 Year Old Get Term Life Insurance?
Yes, a 70 year old may purchase life insurance coverage.
However, the cost and or approval for coverage, as well as the amount of life insurance available, will depend on the life insurance company, as well as, your own personal risk factors.
Your health will play a big role in determining if you qualify for life insurance at age 70. Also, your height-to-weight ratio, lifestyle, tobacco use, driving record and hobbies will impact your rate for coverage.
There are several well-known providers of senior life insurance coverage including Colonial Penn, Globe Life, Mutual of Omaha, and AARP/New York Life, among others.
When comparing over 70 life insurance plans make sure you find out the following:
1. How long will the term life insurance coverage least?
2. How long is the rate guaranteed to remain the same?
3. Does the amount of life insurance remain level, and for how many years?
4. Do you have full coverage from the start of your life insurance policy?
5. Is the death benefit graded over the first 2-3 years you are insured?
6. How long does it take to get approved and start your life insurance?
7. What is excluded by the life insurance policy - death in the first 2 years? Suicide?
8. Can you convert your term life insurance to permanent life insurance?
9. Can you renew your term life policy when your term expires? If so, what will the renewal premium be?
Here's how you can get your free quote for life insurance for people age 70 and over.
However, the cost and or approval for coverage, as well as the amount of life insurance available, will depend on the life insurance company, as well as, your own personal risk factors.
Your health will play a big role in determining if you qualify for life insurance at age 70. Also, your height-to-weight ratio, lifestyle, tobacco use, driving record and hobbies will impact your rate for coverage.
There are several well-known providers of senior life insurance coverage including Colonial Penn, Globe Life, Mutual of Omaha, and AARP/New York Life, among others.
When comparing over 70 life insurance plans make sure you find out the following:
1. How long will the term life insurance coverage least?
2. How long is the rate guaranteed to remain the same?
3. Does the amount of life insurance remain level, and for how many years?
4. Do you have full coverage from the start of your life insurance policy?
5. Is the death benefit graded over the first 2-3 years you are insured?
6. How long does it take to get approved and start your life insurance?
7. What is excluded by the life insurance policy - death in the first 2 years? Suicide?
8. Can you convert your term life insurance to permanent life insurance?
9. Can you renew your term life policy when your term expires? If so, what will the renewal premium be?
Here's how you can get your free quote for life insurance for people age 70 and over.
Sunday, July 6, 2014
Who Can You Insure for Life Insurance?
Who can you buy a life insurance policy on?
You can buy life insurance on anyone that you have an insurable interest in, including but not limited to your spouse, family member, or business partner.
Insurable interest is required by the life insurance companies in order to buy life insurance on another person.
Basically, insurable interest in another person means you rely on someone for financial support, or that you may suffer financially if the other person were to die.
For example, many people buy life insurance eon the parents who are seniors in order to have the money to pay for their parent's funeral and burial costs.
In additino, to insurable interest, you will need the other person's permission, signature on the application, and the other person may need to answer some health questions.
Learn more about who can you insure for life insurance?
Saturday, July 5, 2014
How Many Life Insurance Policies Can You Have?
I was wondering if a person can have more than one life insurance policy?
Actually, yes, you can own more than one life insurance plan.
Life insurance companies understand that over time your need for life insurance may change as your financial responsibilities increase during your lifetime.
With the increase in financial responsibility comes a greater need for life insurance coverage.
For instance, if you get married or start a family your need for life insurance will be greater and thus the need for another life insurance policy.
However, when you apply for life insurance the application asks about other life insurance policies you own, and how much life insurance you already have In Force.
The insurers ask this questions to make sure you aren't over insured.
A life insurance company will usually let you buy up to 10-20 times your annual income in life insurance. So, if you earn $100,000 per year, you might be able to qualify to buy up to $2,000,000 of life insurance protection.
Learn more about How many life insurance policies can you have?
Wednesday, July 2, 2014
Can Life Insurance Check Medical Records?
When you apply for life insurance, you are asked to sign a medical release form.
A medical release form allows your doctor to release medical records to the life insurance insurance company. It also provides a release to use the MIB (Medical Information Bureau).
The MIB is where insurance companies keep basic information about people's health records when people apply for insurance.
The insurance company's can access information to find out if you have been declined for life insurance previously due to health issues or any other reasons.
However, if you do not want to take a medical exam there are no exam life insurance plans that offer you the option of buying a life insurance policy direct online without having to take any health examination.
And, if you are approved, you may be able to start your life insurance coverage today.
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